Displaying items tagged: Priority Health

Sunday, 29 January 2023 18:00

Health plan expands care network to West Michigan with new Corewell Health contract

Anew deal with Corewell Health West extends Lansing-based Physicians Health Plan’s care network into West Michigan.

Published in Health Care
Thursday, 22 December 2022 10:20

‘Time will tell’ whether new Sparrow contract boosts Priority Health’s Lansing market share

The new contract with Sparrow Health System provides an opportunity for Priority Health to carve out a much larger presence in the Lansing-area market, although growth may not come easily.

Published in Health Care
Thursday, 15 December 2022 13:50

New contract with Sparrow Health deepens Priority Health’s Lansing-area presence

A new contract with Sparrow Health in Lansing fills a notable hole in Priority Health’s care network across the Lower Peninsula.

Published in Health Care

Sunday, 23 October 2022 18:00

PASSING MUSTER: Insurers control destiny of medical innovators like BAMF Health

GRAND RAPIDS — The advanced medical technology behind BAMF Health Inc.’s new Grand Rapids clinic offers great promise in diagnosing and treating cancer.

Published in Health Care
Wednesday, 06 July 2022 12:52

Individual health insurance costs would increase 6.2% on average under proposals

Individuals who buy their own health insurance would pay an average of 6.2 percent more for coverage next year under insurance carriers’ recent rate filings with state regulators.

Published in Health Care
Monday, 27 June 2022 12:45

New state law aims to boost competition for health insurance as large employers seek coverage for workers

Gov. Gretchen Whitmer has signed legislation that is designed to better enable large employers to bid out their employee health coverage.

Published in Health Care

Sunday, 05 June 2022 18:28

MiBiz Growth Report: June 6, 2022

Here is the MiBiz Growth report for June 6, 2022:

Published in Economic Development
Friday, 27 May 2022 14:29

Major insurers seek 2023 rate increases; small businesses see ‘rough few years’

Michigan’s two largest health insurers again seek to raise small business rates for 2023 as medical claims rise and pandemic-related costs are considered for the first time.

Published in Health Care
Thursday, 28 April 2022 11:46

Spectrum Health 2021 income dropped as health systems combatted COVID-19 case surges, staff shortages

GRAND RAPIDS — Spectrum Health recorded a smaller bottom line for 2021 as health systems nationally were ailing from COVID-19 case surges and staff shortages that drove up labor costs. 

Published in Health Care

Sunday, 24 April 2022 18:35

People in the News: April 25, 2022

Here is the MiBiz People in the news report for April 25, 2022 

Published in Talent
Sunday, 13 March 2022 18:03

People in the news: March 14, 2022

Here is the MiBiz People in the news report for March 14, 2022

Published in Talent
Sunday, 13 March 2022 18:09

Health insurers prepare to shift course, factor COVID costs into rates

Costs to test, treat and vaccinate members for COVID-19 drove sharp earnings declines last year for Priority Health and Blue Cross Blue Shield of Michigan, and both intend to work ongoing pandemic-related expenses into their rate requests for next year.

Published in Health Care

Sunday, 13 February 2022 18:38

Spectrum-Beaumont merger creates SE Mich. market share opportunity for Priority Health

The recent merger between Spectrum Health and Beaumont Health creates the potential for Priority Health to make deeper inroads in the Southeast Michigan health insurance market.

Published in Health Care
Sunday, 19 December 2021 17:35

Health plan leader sees more attention needed on behavioral health, preventative care

Praveen Thadani describes his first year as president of Priority Health as “simply exceptional.” In January, he joined the Grand Rapids-based Priority Health — the second-largest health plan in Michigan with 1.1 million members.

Published in Health Care
Sunday, 21 November 2021 18:20

Spectrum Health to spend $117M on pay, bonuses to combat staffing woes

GRAND RAPIDS — Spectrum Health plans to spend $117 million in the coming months on higher pay and bonuses to help retain and attract workers amid a widespread health care industry staffing shortage.

Published in Health Care

Sunday, 07 November 2021 18:30

Report: Michigan ranks nearly last in U.S. for health insurance competition

Michigan now ranks as the second-least competitive market in the nation for health coverage, a status that stems from Blue Cross Blue Shield of Michigan’s long-held position as the leading insurer in the state.

Published in Health Care
Sunday, 01 August 2021 17:12

CHANGING THE GAME: Insurance industry embraces AI to drive outcomes, cut costs

With the emergence of artificial intelligence over the last decade, insurers’ painstaking work to identify trends and analyze data increasingly has become automated. 

Published in Health Care
Sunday, 01 August 2021 17:08

Medical claims trends, prescription drug costs drive higher insurance rate proposals

Driven by higher medical claims trends, insurance rates for small business and individual health policies would increase significantly in 2022 compared to recent years under rate proposals before state regulators.

Published in Health Care

Friday, 25 June 2021 12:26

Former Spectrum CFO sees no ‘compelling reason’ for merger with Beaumont

Spectrum Health’s former chief financial officer was “stunned” when he learned about the health system’s proposed merger with Beaumont Health, and doubts the plan will achieve the intended goals.

Published in Health Care
Sunday, 20 June 2021 18:40

Priority Health portal designed to resolve tension between insurers, physicians

As state lawmakers consider more controls over prior authorizations that health insurers require before covering certain medical care, Priority Health has launched a new system designed to make the process easier for physicians.

Published in Health Care
Sunday, 20 June 2021 18:20

Spectrum, Beaumont follow health consolidation trend

The proposed merger between Spectrum Health and Beaumont Health could add fuel to the years-long trend of consolidation in the health care industry.

Published in Health Care

Thursday, 17 June 2021 10:10

Spectrum Health, Beaumont Health plan blockbuster merger

GRAND RAPIDS — Spectrum Health, which was created through a merger more than two decades ago and went on to become West Michigan’s largest health care provider, intends to merge with Southfield-based Beaumont Health.

Published in Health Care
Friday, 04 June 2021 08:55

Priority Health exec Marti Lolli named CEO of Utah-based health plan

GRAND RAPIDS — Marti Lolli, an executive at Priority Health for more than two decades, will depart this summer to become president and CEO of SelectHealth, a 950,000-member health plan in Salt Lake City, Utah.

Published in Health Care
Sunday, 23 May 2021 18:30

Health insurers face ongoing pandemic complexities when setting future rates

Small businesses can expect larger increases in their health insurance premiums in 2022 than in recent years, even without costs associated with responding to the COVID-19 pandemic figured into the equation.

Published in Health Care

Sunday, 11 April 2021 18:05

Spectrum Health financials steady through pandemic as outlook shifts for hospitals

GRAND RAPIDS — Spectrum Health maintained a solid financial performance for 2020 as the COVID-19 pandemic stressed operating margins at hospitals nationwide.

Published in Health Care
Sunday, 14 March 2021 18:20

Priority Health, Blue Cross earnings highlight volatile 2020 for health insurers

The yearlong COVID-19 pandemic drove down earnings last year at West Michigan’s major health insurance providers.

Published in Health Care
Monday, 01 March 2021 14:05

Allendale plastics manufacturer files for Chapter 11 bankruptcy

ALLENDALE — A West Michigan injection molder that was acquired more than two years ago has filed for Chapter 11 bankruptcy, citing the effects of the COVID-19 pandemic after investing in operational improvements.

Published in Manufacturing

Sunday, 14 February 2021 18:30

Rising prescription drug costs likely to be revisited in Lansing

On the surface, the position appears completely counter to what a business organization would typically advocate.

Published in Health Care
Sunday, 14 February 2021 17:30

Priority Health moves to become more statewide health plan after Total Health merger

Priority Health wanted to build a book of business in Southeast Michigan for its Medicaid HMO.

Published in Health Care
Sunday, 03 January 2021 17:10

Insurance reimbursements, new virtual-first coverage plans to help ensure telehealth’s growth

As COVID-19 emerged last spring and closed physician offices for non-essential care — forcing connections with patients via telehealth platforms — health insurers began to pay doctors the same for virtual visits as they do for in-person care.

Published in Health Care

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