UPMC Health Plan Earns 'A-' Rating from A.M. Best
PITTSBURGH, Jan. 3, 2014 /PRNewswire/ -- A.M. Best Co. has reaffirmed the "A- Excellent" financial strength ratings for all of the insurers in UPMC's Insurance Services Division.
UPMC Health Plan (HMO and commercial plans), UPMC for You (Medicaid), UPMC Health Network (PPO products), UPMC Health Benefits (stop loss coverage, worker's compensation, et al), and Community Care Behavioral Health each received financial ratings of "A- (Excellent) Stable."
In determining its rating, A.M. Best noted that the Insurance Services Division plays an integral role as the managed care subsidiaries of the UPMC integrated healthcare delivery system. The integration presents opportunities for the group and the health system to coordinate care management programs, with the health plans acting as a major source of referral and the health system being a major provider of services for the plans' members.
"This unique partnership allows for a more efficient cost structure, profitability and high quality care and service levels for members, as well as successful regional expansion of its well-diversified product offerings," A.M. Best wrote in presenting its ratings rationale. The UPMC insurance companies continue to be recognized as a market-leading integrated healthcare delivery system responding to its growing market demands throughout western Pennsylvania and surrounding areas.
About UPMC Health Plan
UPMC Health Plan, the second-largest health insurer in western Pennsylvania, is owned by UPMC, an integrated global health enterprise. The integrated partner companies of the UPMC Insurance Services Division – which includes UPMC Health Plan, UPMC WorkPartners, LifeSolutions (EAP), UPMC for You (Medical Assistance), and Community Care Behavioral Health – offer a full range of group health insurance, Medicare, Special Needs, CHIP, Medical Assistance, behavioral health, employee assistance, and workers' compensation products and services to nearly 2.2 million members. Our local provider network includes UPMC as well as community providers, totaling more than 135 hospitals and more than 11,500 physicians throughout Pennsylvania and parts of Ohio, West Virginia, and Maryland. For more information, visit www.upmchealthplan.com.
SOURCE UPMC Health Plan