Since the beginning of 2018, 22 payer-provider health insurance products have been launched, with 73 percent of them being a co-branded joint venture insurance policy, according an Oliver Wyman Health analysis.
Several national commercial payers are continuing pushes into this space this year. Aetna recently announced JVs with Sacramento, Calif.-based Sutter Health and Allina Health in Minneapolis, in addition to a Medicare product it launched in 2018 and five Whole Health accountable care partnerships. Cigna also unveiled products with Arizona Care Network in Phoenix and San Jose, Calif.-based Good Samaritan Health System. Cleveland Clinic launched three payer partnerships with Humana, Anthem and Oscar Health in 2018.
Other notable payer-provider partnerships include Blue Cross Blue Shield Rhode Island with Providence, R.I.-based Lifespan on the state's individual market; Security Health Plan with Rochester, Minn.-based Mayo Clinic and Marshfield (Wis.) Clinic Health System for group employers; and WellCare with Chapel Hill-based UNC Health Alliance in Medicare Advantage.
"Payers and providers continue to be interested in forming product-based partnerships. Our analysis, which began in 2016, continues to show a steady increase of trend toward deeper partnership, with more co-branding, greater levels of value-based financial alignment, and other forms of closer collaboration and joint ventures," according to Oliver Wyman analysts.
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