In­ter­moun­tain’s health plan posts strong gains in 2014

Modern Healthcare - - REGIONAL NEWS - —Bob Her­man

Selec­tHealth, the health in­sur­ance di­vi­sion of In­ter­moun­tain Health­care, closed 2014 with a siz­able top-line gain af­ter it added thou­sands of mem­bers to its grow­ing lineup of ben­e­fit op­tions.

The provider-owned in­surer’s rev­enue soared 22.5% year over year, to­tal­ing $1.83 bil­lion, ac­cord­ing to In­ter­moun­tain’s 2014 fi­nan­cial doc­u­ments. That in­cluded pre­mium rev­enue as well as ad­min­is­tra­tive fees charged to self-funded em­ploy­ers.

Greg Poulsen, In­ter­moun­tain’s chief strat­egy of­fi­cer, said the Af­ford­able Care Act spurred a great deal of con­sumer health in­sur­ance shop­ping last year. Early num­bers sug­gest Selec­tHealth was one of the most popular op­tions on the in­di­vid­ual and small-group ex­changes in Utah. He also said that nearly a third of the plan’s 750,000 mem­bers come from large em­ploy­ers in the re­gion.

Med­i­caid has be­come a larger com­po­nent of Selec­tHealth’s rev­enue over the past sev­eral years. Poulsen said Selec­tHealth is one of four state Med­i­caid ACOs and has about 85,000 mem­bers, rep­re­sent­ing roughly half of all Utah Med­i­caid ACO en­rollees.

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