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Alignment Healthcare, Inc. (NASDAQ: ALHC) is a forward-thinking healthcare company dedicated to transforming the health care industry by prioritizing individuals over payments. The company has pioneered an innovative model of healthcare delivery that focuses on reducing costs while enhancing the quality of life for patients, particularly seniors, and those with chronic conditions. By leveraging best practices from Medicare Advantage, Alignment Healthcare utilizes advanced data-management technologies to provide tailored care for seniors, including the frail and chronically ill.
With a prominent presence across the United States, Alignment Healthcare operates various care centers and offices to offer customized care and services. These include clinical coordination, risk management, and technology facilitation. The company provides an array of health plan options, including HMO plans available to California residents through the Alignment Health Plan, and partners with select health plans in North Carolina and Florida. These collaborations aim to deliver superior benefits at reduced costs.
Alignment Healthcare is distinguished by its tech-enabled Medicare Advantage platform, which markets and sells these plans directly to consumers, allowing seniors to choose their preferred healthcare coverage and services annually. This innovative approach combines a technology platform and clinical model to achieve better health outcomes.
In recent news, Alignment Healthcare has made headlines by becoming the first Medicare Advantage plan to offer Instacart as a benefit, bringing food-as-medicine programs to chronically ill seniors in 13 counties across California and Nevada. This partnership underscores the company's commitment to addressing critical social barriers to senior health, such as food insecurity and transportation access. Furthermore, Alignment Healthcare's third quarter 2023 financial results showcased strong performance, including a 26.7% year-over-year increase in total revenue and an 18% growth in Medicare Advantage enrollment.
With a mission to redefine senior care, Alignment Healthcare continues to expand its offerings, now providing over 50 benefits-rich Medicare Advantage plans across 53 counties in six states. The company's purpose-built technology, AVA®, along with its 24/7 concierge care team, ensures high-quality, low-cost care for its members.
For more detailed information on Alignment Healthcare and its services, visit www.alignmenthealth.com.
Alignment Health Plan has launched new Medicare Advantage options for nearly 1 million seniors in Maricopa and Pima counties from October 15 to December 7. The plans include a $0 premium HMO called ONE, aimed at the Hispanic community, and a chronic condition special needs plan that offers enhanced benefits. The AVA(PPO) plan provides flexibility with $0 monthly premiums and additional services. These offerings come as Arizona's senior population is projected to grow significantly, with 2.4 million expected by 2050. Alignment's services aim to improve health outcomes with a focus on coordinated care.
Alignment Healthcare is expanding its Medicare Advantage offerings in North Carolina, launching new plans during the annual enrollment period from October 15 to December 7, 2021. The expansion covers 15 markets, providing access to nearly 600,000 seniors. Notable new options for 2022 include a dual-eligible special needs plan (D-SNP) and a virtual-first AVA plan. The D-SNP offers benefits such as $0 copays for doctor visits and a range of additional allowances, while the AVA plans provide flexible care options. With significant growth in the senior population in North Carolina, this move strengthens Alignment's market position.
Alignment Healthcare (NASDAQ: ALHC) has expanded its provider network by adding Mission Health, covering seven new counties in Western North Carolina starting January 1, 2022. This addition aims to improve access to Medicare Advantage plans for seniors in Avery, Buncombe, Henderson, Madison, McDowell, Mitchell, and Transylvania counties. With over 700 providers and four hospitals available, beneficiaries will also benefit from services like non-emergency medical transportation and grocery allowances, enhancing the care experience for the growing senior population.
Alignment Healthcare (NASDAQ: ALHC) has announced its partnership with Abrazo Health and Carondelet Health Network to enhance access to healthcare for Medicare beneficiaries in Arizona's Maricopa and Pima counties, effective Jan. 1, 2022. This collaboration will allow nearly 1 million seniors to choose from Alignment's HMO and PPO plans during the enrollment period from Oct. 15 to Dec. 7, 2021. Key benefits offered include non-emergency transportation and virtual exercise classes, aiming to meet the growing demand for quality care in rapidly expanding cities like Buckeye and Goodyear.
Alignment Healthcare, a tech-enabled Medicare Advantage company, announced that CEO John Kao will join the Piper Sandler Heartland Summit on Sept. 30, 2021, at 9:00 a.m. E.T. This panel, titled “Care Delivery 2.0: Mixing Old and New Models for Care Delivery,” aims to discuss innovative healthcare delivery models. Alignment Healthcare focuses on providing customized healthcare to seniors and the chronically ill through tailored Medicare Advantage plans, enhancing patient care with clinical coordination and technology.
Alignment Healthcare (NASDAQ: ALHC) announced that CEO John Kao will speak at the AHIP 2021 National Conference on Medicare, Medicaid & Dual Eligibles Online on Sept. 23, 2021, at 4:15 p.m. E.T. During the 10-minute chat titled "Three Questions with John Kao," he will discuss the future of healthcare delivery for seniors, the shift towards virtual care, and the role of the private sector in improving healthcare accessibility and affordability. This four-day virtual event addresses key topics affecting Medicare Advantage and Medicaid managed care.
Alignment Healthcare (NASDAQ: ALHC) has expanded its Medicare Advantage provider network in Maricopa County, Arizona, by adding Dignity Health, effective January 1, 2022. This strategic partnership aims to enhance healthcare access for over 733,000 Medicare-eligible seniors, offering them access to nine hospitals, four urgent care centers, and 14 emergency rooms operated by Dignity Health. The collaboration emphasizes a senior-first care model, promising improved clinical outcomes and patient experiences, alongside added benefits like grocery allowances and a dedicated concierge service.
Alignment Healthcare (NASDAQ: ALHC) announced the inclusion of Arizona Priority Care in its Medicare Advantage network, effective Jan. 1, 2022. This partnership, pending regulatory approval, aims to serve nearly 1 million Medicare-eligible beneficiaries in Maricopa and Pima counties, granting access to 450 primary care doctors and 1,200 specialists. The collaboration is expected to enhance quality care for seniors in Arizona, benefiting from additional services such as grocery allowances and 24/7 concierge support during the annual enrollment period from Oct. 15 to Dec. 7.
Alignment Healthcare has appointed Dan Peterson as president of its Arizona market to spearhead its expansion efforts. With extensive leadership experience, including previous roles at Valor Health and CareMore Health Plan, Peterson aims to enhance Medicare Advantage access for seniors in Arizona, where nearly 50% of beneficiaries are enrolled in such plans. His appointment signals a strategic move towards improving healthcare delivery and innovation in new plans and benefits, as stated by company executives.
Alignment Healthcare (Nasdaq: ALHC) announced participation in two investor conferences. CEO John Kao and CFO Thomas Freeman will join the Wells Fargo 16th Annual Healthcare Conference on September 9, 2021, at 4:35 p.m. E.T. and the Morgan Stanley 19th Annual Virtual Global Healthcare Conference on September 10, 2021, at 3:30 p.m. E.T. Webcast links for these events will be available on their investor relations website. Alignment Healthcare focuses on customized healthcare solutions for seniors and the chronically ill through their Medicare Advantage plans.
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