Operations
CEO Michael Dowling blames federal risk adjustment program that cost CareConnect millions.
The number of consumers in these plans has dropped from 330,000 to 50,000, and those that remain have gotten older and sicker without new customers to balance the risk pool, according to the insurer.
Replacement process not yet announced, but the outgoing CEO will remain on job through the first half of 2018.
The money is going to programs to improve health through telemedicine, at home care, portable technology, transportation and drug and other screenings.
Chief primary care medical officers would split time between outpatient clinic setting, hospital clinician work, and administration at the hospital leadership level.
Costs of opening its new 128-bed facility, write-offs for unpaid patient bills, and rising Medicare and Medicaid patient volumes blamed for system's losses.
As part of the deal, Presence Health's medical centers, outpatient facilities and other care sites will integrate into AMITA Health.
Rising pension contributions, swelling labor and pharmaceutical costs are limiting cash flows.
Centene, Blue Cross Blue Shield in individual states, others, fill gaps left by Anthem's exit from exchange market.
Hospice drug thefts are concerning but experts also worry about restricting access to painkillers for patients.