MVP Health Care, Hudson Health Plan get state OK to join forces
SCHENECTADY — MVP Health Care and Hudson Health Plan received state approval last week to combine into one company.
The two not-for-profit health plans announced in May their plan to combine, as an effort to bolster each other's offerings and expertise. With MVP based in Schenectady and Hudson in Tarrytown, the companies have headquarters nearly 150 miles apart. But they have run in the same circles for decades.
The state Department of Health approved the merger last week, the companies reported in a news release issued today. Together, the two companies will serve about 733,000 members.
“The successful culmination of our agreement to combine our two organizations is good news for MVP Health Care and Hudson Health Plan, our members, our providers, and the communities we serve in the Hudson Valley,” said MVP President and CEO Denise Gonick in the release. “In joining MVP, Hudson becomes part of a larger, more diverse health plan that believes in the value of strengthening and expanding Medicaid Managed Care. In turn, MVP will benefit from Hudson’s proven expertise in effectively serving people who qualify for Medicaid, Child Health Plus and other safety net programs in the Hudson Valley.”
Hudson will continue to do business as “Hudson Health Plan,” and will continue to serve more than 120,000 Medicaid Managed Care, Child Health Plus and Family Health Plus members in Westchester, Dutchess, Orange, Rockland, Ulster and Sullivan counties.
The decision to combine companies was driven by health care reform and the launch of state health benefits exchanges. MVP expects the move to better position the nonprofit to appeal to consumers shopping for health insurance plans this fall. Since 2003, Hudson Health Plan has received the most stars for the measure Overall Satisfaction with Plan based on indicators chosen by the state Department of Health.
“MVP and Hudson are an excellent fit,” said Hudson President and CEO Georganne Chapin in the release. “We are both strongly committed to our customers and to the health of our community. We will offer a wide variety of health plan options, whether through the exchange marketplace, employers, Medicaid, Child Health Plus, or Medicare. Together, MVP and Hudson will cover people through all of life’s stages and changing needs.”
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