| [February 14, 2012] |
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Steward Health Care and Fallon Community Health Plan Launch New Low-Cost Health Insurance Option
BOSTON --(Business Wire)--
To meet the challenge of rising health care costs and the demand from
small businesses for more choices in high-quality, affordable health
care, Steward Health Care and Fallon Community Health Plan today
announced the launch of Steward Community Care, a new limited network
product that offers comprehensive coverage with premium savings of at
least 20%. The product offers plan designs with no deductible as well as
options with deductibles for increased savings on monthly premiums.
Steward Community Care is available through FCHP for an effective date
of April 1, 2012, to all small businesses in the product's coverage
area. An advantage for businesses is that Steward Community Care can be
offered alongside any one of FCHP's other network options. Steward
Community Care also is available as the primary offering of the
Retailers Associations of Massachusetts' newly-approved group purchasing
cooperative. This low cost product is the result of an innovative
collaboration between a health plan and a health care system.
Steward Community Care is built around Steward Health Care's
high-quality network of ten community hospitals and 2,200 primary care
physicians and specialists. Under the plan, clinically appropriate care
will be delivered by a hospital or physician within the Steward network.
All health care services that cannot be delivered by the Steward network
will be delivered by Brigham and Women's Hospital and Massachusetts
General Hospital. Tertiary-level pediatric care will be provided by the
MGH forChildren.
"Small business is a vital economic engine, particularly in the
communities served by Steward hospitals," said Ralph de la Torre, MD,
CEO of Steward. "This innovative new product will give small business
owners the ability to reinvest in their businesses and provide the
security of comprehensive health insurance to their employees."
In 2002, FCHP pioneered the use of limited network products that offer
savings of at least 12 percent over the premium price of broader network
products by utilizing the best community providers and the most
appropriate health care settings, particularly for routine tests and
procedures.
"We're delighted to use our pioneering experience and to work with
Steward Health Care, a similarly forward-thinking organization, to bring
relief to small businesses and create a new model for the Commonwealth,"
said W. Patrick Hughes (News - Alert), FCHP President and CEO.
About Steward Health Care
Steward Health Care is the largest fully integrated community care
organization and community hospital network in New England and the
second largest private employer in Massachusetts. Headquartered in
Boston, Steward now has more than 16,000 employees serving more than one
million patients annually in 85 communities. Hospitals in the system
include Saint Anne's in Fall River, Holy Family Hospital in Methuen, St.
Elizabeth's Medical Center in Brighton, Norwood Hospital, Carney
Hospital in Dorchester, Good Samaritan Medical Center in Brockton,
Nashoba Valley Medical Center in Ayer, and Merrimack Valley Hospital in
Haverhill. Other Steward Health Care entities include Steward Medical
Group, Caritas Hospice and Home Care, Laboure College, and Por Cristo.
Further information is available at www.steward.org.
About Fallon Community Health Plan
Founded in 1977, Fallon Community Health Plan is a nationally
recognized, not-for-profit health care services organization. From
traditional health insurance products available throughout Massachusetts
for all populations, to innovative health care programs and services for
independent seniors, FCHP supports the diverse and changing needs of all
those it serves. FCHP has consistently ranked among the nation's top
health plans, and is the only health plan in Massachusetts to have been
awarded "Excellent" Accreditation by the National Committee for Quality
Assurance for its HMO, Medicare Advantage and Medicaid products. For
more information, visit www.fchp.org.

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