Here are three things to know.
1. Dr. Beilenson founded Evergreen Health in 2012 as a nonprofit insurer under the ACA.
2. Last week a Baltimore circuit judge ordered Risk & Regulatory Consulting in Farmington, Conn., take over the financially strapped insurer for the Maryland Insurance Administration. This followed a decision by three investors — Annapolis, Md.-based Anne Arundel Health System, Baltimore-based LifeBridge Health and JARS Health Investments — to abandon plans to acquire the payer.
3. Evergreen Health’s 65 employees will remain at the payer as it moves into receivership, the Maryland Insurance Administration told Baltimore Business Journal. While Evergreen Health let go roughly 13 employees earlier this year amid acquisition negotiations, the insurer didn’t announce any layoffs since the deal fell through.
More articles on payer issues:
Missouri healthcare leaders battle Anthem on controversial ER policy
How Aetna, Anthem, Cigna, Humana and UnitedHealth performed in Q2
Cigna’s commercial business, cost management fuels nearly 60% increase in profit
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
