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Alignment Health Plan and Intermountain Health Launch $0-Premium, 5-star Medicare Advantage Plan for Nevada Seniors
Globenewswire· 2025-10-14 15:00
Core Insights - Alignment Health Plan has launched a new 5-star Medicare Advantage plan with $0 premiums for Medicare-eligible adults in Clark County, Nevada, in partnership with Intermountain Health [1][5] - The plan aims to provide integrated, preventive care and comprehensive benefits tailored to the needs of Nevada's aging population, addressing urgent issues such as food insecurity and transportation barriers [2][4] Plan Features and Benefits - The new plan includes $0 monthly premium, $0 copays for primary care, specialist, and urgent care visits, 60 one-way transportation trips for approved medical visits, caregiver reimbursement support, a $25 monthly allowance for healthy groceries, and a $200 FLEX card annual allowance for various health services [8][6] - The plan is designed to enhance seniors' health, independence, and quality of life by bringing preventive care closer to home and reducing unnecessary hospital visits [4][2] Market Expansion and Impact - Since entering Nevada in 2021, Alignment Health has expanded its offerings to eight plans in Clark and Washoe counties, reaching over 520,000 Medicare-eligible adults [5][12] - The partnership with Intermountain Health includes access to 65 clinics, 35 senior primary care centers, and a network of over 300 primary care providers and 1,900 specialists, significantly increasing access to high-quality care [4][5] Enrollment Information - Medicare-eligible adults can enroll in the new plan during the annual enrollment period from October 15 to December 7, with coverage starting January 1, 2026 [6] - There is also an option for beneficiaries to enroll in a 5-star MA plan outside the annual enrollment period through a special enrollment period [6] Company Background - Alignment Health is focused on providing high-quality, low-cost care for its Medicare Advantage members, partnering with trusted local providers to deliver coordinated care [7][9] - Intermountain Health operates a nonprofit system of hospitals and clinics across the western U.S., committed to improving community health and delivering high-quality outcomes [10]
Alignment Health Earns Spot on Newsweek’s World’s Most Trustworthy Companies 2025 List for Third Consecutive Year
Globenewswire· 2025-09-04 12:00
Core Insights - Alignment Health has been recognized as one of Newsweek's World's Most Trustworthy Companies for the third consecutive year, highlighting its leadership in quality, member satisfaction, and long-term growth [1][2] - The company serves over 223,000 members across five states: Arizona, California, Nevada, North Carolina, and Texas, demonstrating consistent growth and industry-leading membership increases [2] - Alignment Health has achieved high-quality care ratings, with 100% of its members enrolled in plans rated 4 stars or higher, and holds a 4.9 out of 5-star Google rating [2] Awards and Recognition - In July 2025, Alignment Health was invited to testify before the U.S. House Ways and Means Health and Oversight subcommittees, showcasing its model for delivering affordable, high-quality care [3] - The company's accolades include the 2025 Pharmacy Quality Alliance (PQA) Laura Cranston Excellence Award, 2025 Senior Choice Gold Award, and recognition as a Best Insurance Company by U.S. News & World Report [7] Methodology of Recognition - The World's Most Trustworthy Companies 2025 list was developed using a rigorous methodology that included surveys of over 65,000 respondents and analysis of over 500,000 public mentions across multiple media channels [4]
Alignment Health Earns Spot on Newsweek's World's Most Trustworthy Companies 2025 List for Third Consecutive Year
GlobeNewswire News Room· 2025-09-04 12:00
Core Insights - Alignment Health has been recognized as one of Newsweek's World's Most Trustworthy Companies for the third consecutive year, highlighting its strong reputation in customer, investor, and employee trust [1][4]. Company Performance - Alignment Health serves over 223,000 members across five states: Arizona, California, Nevada, North Carolina, and Texas, demonstrating consistent growth and industry-leading membership increases [2]. - The company has achieved high-quality care ratings, with 100% of its members enrolled in plans rated 4 stars or higher, and it holds a 4.9 out of 5-star Google rating [2]. Industry Influence - In July 2025, Alignment Health was invited to testify before the U.S. House Ways and Means Health and Oversight subcommittees, showcasing its leadership in Medicare Advantage and its model for delivering affordable, high-quality care [3]. Award Methodology - The World's Most Trustworthy Companies 2025 list was developed through a rigorous methodology involving surveys of over 65,000 respondents and analysis of over 500,000 public mentions across various media channels [4].
High Quality, Increased Member Satisfaction, Better Access to Care and Improved Outcomes Highlight Alignment Healthcare's Impact in 2024
Globenewswire· 2025-07-23 12:00
Core Insights - Alignment Healthcare, Inc. released its 2024 Impact Report, highlighting its commitment to providing high-quality, personalized care for seniors while positively impacting members, providers, employees, and communities [1][4] Access to Care - The company served 11,500 members through its Care Anywhere program in 2024, marking a 35% increase from 8,500 members in 2023 [5] - There was a 95% year-over-year increase in ACCESS On-Demand Concierge Card transactions, reaching 3.1 million in 2024, with eligible members using the debit card growing from 97,000 in 2023 to 151,000 in 2024 [5] - Caregiver benefit access expanded by almost 86%, with eligible members rising from 63,000 in 2023 to 117,000 in 2024 [5] Health Outcomes - The hospitalization rate reached a record low of 149 per 1,000 members in 2024, down nearly 4.5% from 156 in 2023 [5] - Skilled nursing facility admissions were reported to be 47% fewer compared to the 2019 Medicare fee-for-service benchmark, an increase from a 45% reduction in 2023 [5] Innovative Care Delivery - Enhanced care delivery through the integration of new capabilities in AVA®, including streamlined health risk assessments and virtual care coordination enhancements [5] - Administrative wait time per member was reduced by 45 minutes through AVA's provider integration [5] Member Satisfaction - The percentage of members enrolled in 4-star or higher-rated plans increased from 90% in 2023 to 100% in 2024 [5] - The overall Net Promoter Score (NPS) was 61, significantly higher than the industry average of 40, with the Care Anywhere program earning an NPS of 78 [5] - The company maintained an average Google review rating of 4.9 out of 5 across more than 10,000 reviews [5] Employee Commitment - The company prioritized employee well-being, achieving an 89% participation rate in the annual employee engagement survey and a 77% engagement index [5] Environmental Responsibility - Greenhouse gas emissions were reduced by 36% compared to 2023, equivalent to the annual energy use of 43.5 average U.S. homes or charging 26 million smartphones [5]
Alignment Healthcare Reports Strong First Quarter 2025 Results; Exceeds High-End of Expectations On 4 Critical KPIs; Raises Midpoint of 2025 Guidance; Announces CFO Transition
GlobeNewswire News Room· 2025-05-01 20:01
Core Insights - Alignment Healthcare reported strong first-quarter financial results for 2025, showcasing significant growth in revenue and membership, driven by effective execution of its business model [3][6]. - The company achieved a revenue of $926.9 million, representing a 47.5% increase year-over-year, and grew its Medicare Advantage membership by 31.7% to approximately 217,500 members [6][21]. - The transition of Thomas Freeman from CFO to Strategic Advisor and the appointment of Jim Head as the new CFO is expected to support the company's long-term strategy and financial growth [5][9]. Financial Performance - First-quarter revenue reached $926.9 million, up 47.5% compared to the same period in 2024 [6][21]. - Adjusted gross profit was reported at $107.2 million, with a medical benefits ratio of 88.4% based on adjusted gross profit [6][21]. - Adjusted EBITDA for the quarter was $20.2 million, compared to a loss of $11.98 million in the same quarter of the previous year [6][12]. Future Outlook - For the second quarter of 2025, the company projects health plan membership to be between 220,000 and 222,000, with revenue expected to range from $950 million to $965 million [4]. - The fiscal year 2025 outlook has been raised, with expected year-end membership between 228,000 and 233,000 and revenue between $3.77 billion and $3.815 billion [4]. Leadership Transition - Thomas Freeman, after nearly a decade with the company, will transition to a Strategic Advisor role, while Jim Head, with over 30 years of experience in healthcare finance, will take over as CFO [5][9]. - The leadership change is seen as a strategic move to ensure continued financial growth and operational excellence [9][10]. Company Overview - Alignment Healthcare focuses on providing high-quality, low-cost care for Medicare Advantage members, leveraging technology and a member-first service model [16]. - The company aims to expand its national footprint while maintaining its core values of prioritizing senior care [16].