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CMS Improves Star Ratings to 3.5 Stars for Clover Health PPO Medicare Advantage Plans for 2025 Payment Year
Clover Health InvestmentsClover Health Investments(US:CLOV) Newsfilterยท2024-06-14 13:00

Core Viewpoint - Clover Health Investments, Corp. has received an increase in its Star Rating for its PPO Medicare Advantage plans from 3 Stars to 3.5 Stars for the 2025 payment year, which is expected to enhance its financial outlook and membership growth potential [1][2][7]. Company Overview - Clover Health is a physician enablement technology company focused on providing access to quality healthcare for Medicare beneficiaries, particularly targeting seniors who have historically faced barriers to affordable healthcare [4]. - The company's strategy is supported by its software platform, Clover Assistant, which aggregates patient data to aid clinical decision-making and improve health outcomes [4]. Financial Implications - The recalculated Star Rating significantly improves Clover Health's financial outlook for the upcoming year, allowing for accelerated membership growth while maintaining profitability [2][7]. - Over 95% of Clover's Medicare Advantage membership is currently served through its PPO plans, indicating a strong reliance on this segment for future growth [1]. Regulatory Context - The announcement pertains to the 2022 measurement year, which corresponds to the 2025 payment year, highlighting the annual evaluation process by Medicare based on a 5-star rating system [3].