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Displaying items by tag: Priority Health

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
Sunday, 03 January 2021 13:02

New Priority Health leader says local presence, values brought him to insurer

Praveen Thadani starts as Priority Health’s new president this month, moving from Humana Inc. in Chicago, where he’s worked for more than seven years. He started at Humana as Illinois market president then led strategic planning across several business lines as senior vice president of strategy, product and innovation. A veteran health insurance executive with 25 years of industry experience, Thadani succeeds Joan Budden, who retired at the end of 2020 after 12 years with Priority Health, including the last five as CEO. Thadani is expected to take on the new role in early January.

Published in Health Care
Sunday, 20 December 2020 18:16

Pandemic gives health care industry ‘solid nudge’ to make needed changes

Joan Budden retires Dec. 31 as CEO of Priority Health, Michigan’s second-largest health plan with more than 1 million people statewide enrolled in policies. As she prepares to depart after 12 years with the Grand Rapids-based Priority Health, the last five as CEO, Budden expects COVID-19 pandemic will continue to cause disruptions. That includes within Priority Health, which had to adjust its operations because of state-ordered restrictions, as well as with the broader trend toward increased use of telehealth services, Budden told MiBiz

Published in Health Care

Wednesday, 16 December 2020 13:16

Priority Health names health insurance veteran Praveen Thadani as new president

GRAND RAPIDS — Praveen Thadani, a veteran health insurance executive with 25 years of industry experience, becomes Priority Health’s new president early next month.

Published in Health Care
Sunday, 06 December 2020 11:07

MiBiz Growth Report: December 6, 2020

Here's the MiBiz Growth Report for December 6, 2020.

Published in Economic Development
Saturday, 28 November 2020 08:54

Priority Health to issue health coverage rebates to large employers

Priority Health plans to give large employers a rebate early next year on their employee health coverage, a result of lower medical claims from the COVID-19 pandemic.

Published in Health Care

Sunday, 22 November 2020 19:05

HMO group lays groundwork for medical claims data legislation

As reports continue to rank Michigan as one of the least competitive markets in the nation, the statewide trade group representing HMOs wants to ensure that insurance carriers are able to pursue business when employers bid out employee health coverage.

Published in Health Care
Friday, 30 October 2020 13:09

Average health insurance rates slightly higher as open enrollment starts Nov. 1

Health insurance open enrollment for 2021 starts Nov. 1 with small increases in rates for individual and small employer health care policies.

Published in Health Care
Sunday, 30 August 2020 17:43

Health Alliance Plan’s West Michigan entry part of broader strategic growth

Health Alliance Plan’s entry into the West Michigan market comes amid a broader strategic push to grow and become a larger statewide player for employee health benefits.

Published in Health Care

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