UnitedHealth Group Inc.‘s (UNH - Free Report) subsidiary UnitedHealthcare has collaborated with Community Care Physician Network LLC (“CCPN”) for creating a new Advanced Care Medical Home and care management network relationship. With this agreement, North Carolina Medicaid beneficiaries get the right to access CCPN’s 2,200 independent primary care providers in counties across the state under the new managed care system, that will be launched in 2019.
Both the involved companies have the plans to work closely for coming up with innovative approaches to enhance patient care as well as reduce health care costs.
UnitedHealthcare expects to offer improvised patient experience and health outcomes along with optimum physician satisfaction with this tie-up.
Currently, CCPN clinicians cater to 700,000 North Carolina Medicaid beneficiaries, with more than 40% of patients enrolled in Medicaid that is the primary care management program. These practices involve providing critical heath care services in urban and rural counties across the state and care for a significant part of North Carolinians who require unique and complex health care.
This new agreement would provide the required industry experience, data and support to CCPN, which would allow it to provide treatments using an innovative value-based model that is focused on keeping people healthy. UnitedHealthcare shares data related to patients’ underlying medical conditions, medical history, missed care opportunities, etc. with CCPN, making it easy for them to understand the patient’s condition and treat accordingly. This not only takes off burden from the patient by making their data readily available to the doctors but reduces the chances of duplicative tests and improves care coordination as well.
Recently, the company's Kansas subsidiary was selected by the State of Kansas along with subsidiaries of Molina Healthcare, Inc. (MOH - Free Report) , Centene Corporation (CNC - Free Report) and Aetna Inc. (AET - Free Report) as one of three managed care organizations administering KanCare, the statewide Medicaid program, effective Jan 1, 2019. This shows that the company is focused on its Medicaid Business, which remains attractive and most sough-after because states are increasingly outsourcing the plan to private insurers for its effective cost management.
Shares of this Zacks Rank #3 (Hold) company have rallied 36.4% in the past year, outperforming its industry’s growth of 32%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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