Stanford To Dip Toe In Insurance Market
The Bay Area academic medical center already covers its own employees, but it is looking to branch out by offering its plan to two high-tech employers. In other news, Health Net reports high earnings for the fourth quarter of 2015.
Stanford Preps Insurance Products For Bay Area Tech Employers
Stanford Health Care, the Bay Area academic medical center, is entering the insurance market with a product that will be offered to Silicon Valley's technology companies. The Palo Alto, Calif.-based provider already covers its own employees through the Stanford Health Care Alliance, a narrow network plan that currently covers 15,000 lives. It will be offering the plan to two major high-tech employers starting next year, with two more employers coming on in 2018, said Chris Dawes, president and CEO of Stanford Children's Health. (Kutscher, 2/25)
Payers & Providers:
Health Net’s 2015 Earnings Rise Sharply
Health Net, the Woodland Hills-based health insurer, reported sharply higher earnings for the fourth quarter ending Dec. 31 and for all of calendar 2015. (2/25)