St. Vincent's, Baptist Health offer combined health plans
Ashley Gurbal Kritzer, Reporter- Jacksonville Business Journal
St. Vincent’s HealthCare and Baptist Health of Northeast Florida are bringing to the region a health care throwback: The narrow-network plan.
Administered by Coventry Health Care, St. Vincent’s and Baptist are offering a plan for businesses that employ more than 50 people. The plan is accepted only at Baptist and St. Vincent’s hospitals and providers.
Coventry Health is a wholly owned subsidiary of Aetna Inc., which acquired the company in May.
“Time will tell whether the marketplace is receptive to a return to narrow network,” said Hugh Greene, president and CEO of Baptist Health. “In meeting with executives, both human resources and leadership with businesss particularly in this range that are strictly Jacksonville based, I’ve floated the idea and overwhelmingly seen a positive response to the concept.”
In addition to the plan with Baptist, St. Vincent’s is also offering a plan for individuals on the new health care exchanges set up under the Affordable Care Act, St. Vincent President and CEO Moody Chisholm said.
“The profitability of it depends quite a bit on what product people select,” he said. “If folks select the high cost share, high deductible, our profitability is significantly different than if they have low-cost share, low-cost deductibles.”
The benefit for both hospitals, should the plans sell well, would be an uptick in patient volume.
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