Alignment Health Plan expands HMO access in Maricopa County, partnering with Arizona Priority Care and Banner Health for enhanced member services.
Quiver AI Summary
Alignment Health Plan has announced an expansion of its Medicare Advantage HMO plans in Maricopa County, Arizona, providing members access to over 4,500 primary care providers, specialists, and hospitals, including more than a dozen Banner Health hospitals, through a partnership with Arizona Priority Care. This expansion marks Alignment's fourth year in Arizona and enhances healthcare options for members, who can choose from multiple providers and facilities. The plan includes four HMO options for 2025, catering to various needs, including special provisions for members with chronic conditions and services tailored for the Hispanic community. The collaboration aims to improve health outcomes for seniors in the region by offering high-quality, coordinated care.
Potential Positives
- Alignment Health Plan expands its network to over 4,500 providers in Maricopa County, enhancing member access to care.
- The partnership with Arizona Priority Care and the inclusion of Banner Health strengthens the company's service offerings and healthcare options.
- The introduction of a special needs plan for members with chronic conditions and a plan tailored for the Hispanic population demonstrates Alignment's commitment to addressing diverse healthcare needs.
Potential Negatives
- The company's press release does not provide any quantitative data on member satisfaction or outcomes after the expansion, raising questions about the effectiveness of the new partnerships in improving care quality.
- The announcement lacks detailed information on the financial implications of the expanded network and whether it will lead to increased costs or reduced profitability for the company.
- The emphasis on new partnerships may suggest previous limitations in provider access, potentially indicating past inadequacies in the network that could alarm current and prospective members.
FAQ
What is Alignment Health Plan's recent expansion in Maricopa County?
Alignment Health Plan now offers access to over 4,500 primary care providers and specialists in Maricopa County.
How many HMO options does Alignment provide in Maricopa County for 2025?
Alignment will offer four HMO options in Maricopa County for 2025, including plans for chronic conditions and the Hispanic population.
Who are Alignment Health Plan's partners in Maricopa County?
Alignment partners with Arizona Priority Care and includes several hospitals like Banner Health, Abrazo Health, HonorHealth, and Dignity Health.
When can residents enroll in Alignment Health Plan?
Medicare-eligible residents can enroll in Alignment's plans from October 15 to December 7 during the annual enrollment period.
What services does Alignment Health Plan offer for the Hispanic community?
Alignment offers a specialized plan with Spanish-language services and materials tailored for the growing Hispanic population.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALHC Insider Trading Activity
$ALHC insiders have traded $ALHC stock on the open market 60 times in the past 6 months. Of those trades, 0 have been purchases and 60 have been sales.
Here’s a breakdown of recent trading of $ALHC stock by insiders over the last 6 months:
- DAWN CHRISTINE MARONEY (President, Markets) has traded it 13 times. They made 0 purchases and 13 sales, selling 280,000 shares.
- ROBERT THOMAS FREEMAN (Chief Financial Officer) has traded it 17 times. They made 0 purchases and 17 sales, selling 426,500 shares.
- JOSEPH S KONOWIECKI has traded it 8 times. They made 0 purchases and 8 sales, selling 123,333 shares.
- JOHN E KAO (Chief Executive Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 270,000 shares.
- HAKAN KARDES (Chief Experience Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 75,000 shares.
- HYONG KIM (Chief Medical Officer) sold 22,460 shares.
- CHRISTOPHER J JOYCE (Chief Legal and Admin. Officer) has traded it 11 times. They made 0 purchases and 11 sales, selling 74,467 shares.
- JEFFREY H MARGOLIS has traded it 3 times. They made 0 purchases and 3 sales, selling 3,600 shares.
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$ALHC Hedge Fund Activity
We have seen 73 institutional investors add shares of $ALHC stock to their portfolio, and 77 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WARBURG PINCUS LLC removed 4,300,000 shares (-24.0%) from their portfolio in Q3 2024
- 8 KNOTS MANAGEMENT, LLC added 2,446,968 shares (+inf%) to their portfolio in Q3 2024
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 2,443,795 shares (-30.4%) from their portfolio in Q3 2024
- DURABLE CAPITAL PARTNERS LP added 1,495,879 shares (+37.6%) to their portfolio in Q3 2024
- PRICE T ROWE ASSOCIATES INC /MD/ added 1,258,648 shares (+2403.5%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 1,257,276 shares (-100.0%) from their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 1,227,782 shares (-71.4%) from their portfolio in Q3 2024
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Full Release
PHOENIX and ORANGE, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Alignment Health Plan , an award-winning Medicare Advantage (MA) plan from Alignment Health, today announced that members enrolled in its HMO plans in Maricopa County now have access to over 4,500 primary care providers, specialists and hospitals, including more than a dozen Banner Health hospitals, through its partnership with Arizona Priority Care, an affiliate of Heritage Provider Network .
“As Alignment enters its fourth year in Arizona, we’re pleased to offer access to some of the largest hospital systems throughout Maricopa County, with the recent addition of Banner Health to a network that also includes Abrazo Health, HonorHealth and Dignity Health,” said Dawn Maroney, CEO of Alignment Health Plan and president, markets of the plan’s parent company, Alignment Health. “This expansion strengthens our ability to provide access to top-tier care across Maricopa County, giving our members even more choices for their health care.”
Arizona Priority Care first entered into an agreement with Alignment when the MA plan debuted in the state in 2022. Through this relationship, Alignment Health Plan members will now have expanded access to Arizona Priority Care’s network of providers and hospitals that serve Maricopa County.
“Our collaboration with Alignment Health Plan over the last few years has made a significant difference in the lives of thousands of seniors in Arizona,” said Terry Smith, chief operating officer, Arizona Priority Care. “Through our network providers, we’ve delivered high-quality, coordinated care that has improved patient health outcomes, and this expanded partnership will bring even more comprehensive services and specialty care options to Alignment’s members.”
Medicare-eligible residents of Maricopa County who enroll with Alignment during the annual enrollment period, Oct. 15 - Dec. 7, will have access to this expansive network. For 2025, Alignment is offering four HMO options in Maricopa County, including a special needs plan for members with qualifying chronic heart conditions and diabetes, as well as a plan tailored for the growing Hispanic population, complete with Spanish-language services and materials.
For more information about Alignment’s plans and services in Arizona, visit www.alignmenthealthplan.com .
About Alignment Health
Alignment Health is championing a new path in senior care that empowers members to age well and live their most vibrant lives. A consumer brand name of Alignment Healthcare (NASDAQ: ALHC), Alignment Health’s mission-focused team makes high-quality, low-cost care a reality for its Medicare Advantage members every day. Based in California, the company partners with nationally recognized and trusted local providers to deliver coordinated care, powered by its customized care model, 24/7 concierge care team and purpose-built technology, AVA
®
. As it expands its offerings and grows its national footprint, Alignment upholds its core values of leading with a serving heart and putting the senior first. For more information, visit
www.alignmenthealth.com
.
Media Contact
Priya Shah
mPR, Inc. for Alignment Health
[email protected]
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