The program is available to employees with at least 15 years of service as of Dec. 31, 2017. Employees exempt from the program include administrators of self-insured employer health plans, Medicaid managed care subsidiary AmeriHealth Caritas in Philadelphia and Conshohocken, Pa.-based subsidiary Tandigm Health, which coordinates care with primary care physicians.
Independence told employees via email Thursday the deal comes from a position of financial strength. The payer employs more than 10,000 and achieved $67 million in net income last year, the report states.
“This approach will allow us to reshape our business while offering benefits to associates who may be considering a change, whether to explore new business opportunities or focus on personal interests,” Independence CEO Daniel Hilferty wrote in the email.
More articles on payer issues:
Highmark, AmeriHealth Caritas win bid to manage Delaware’s Medicaid program
4 key trends in the Medicare Advantage, Part D markets
Blue Cross Blue Shield of Arizona’s new CEO is Pam Kehaly: 4 notes
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