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Clover Health (CLOV) has partnered with ValueH to enhance provider growth in Florida's ACO network. This strategic alliance will facilitate the integration of providers onto the Clover Assistant Platform, aimed at improving care for fee-for-service Medicare beneficiaries. Clover's Direct Contracting Entity, launching in 2022, will allow providers to use the Clover Assistant for managing Original Medicare patients and streamline reimbursement processes. As of April 2021, Clover has engaged around 1,800 individual providers and serviced over 65,000 beneficiaries.
Clover Health (Nasdaq: CLOV) has sponsored the 2021 Quality Innovation Series, organized by the National Committee for Quality Assurance (NCQA). The series promotes healthcare quality and equity, featuring industry leaders sharing best practices. Clover was recognized by CMS’ Office of Minority Health for demonstrating high performance in the Medicare Advantage Health Equity Summary Score (HESS). With a mission to improve healthcare access for underserved seniors, Clover uses its Clover Assistant technology to enhance care and reduce costs, emphasizing equitable healthcare delivery.
Clover Health (Nasdaq: CLOV) will redeem all outstanding Public and Private Warrants at a redemption price of $0.10 per warrant. This redemption applies to warrants issued during the IPO and is contingent on the Common Stock's Reference Value being below $18.00. The redemption date is set for August 23, 2021, and warrants unexercised by 5:00 p.m. New York City time will be void. Holders can exercise their warrants until the redemption date. The company has registered shares underlying warrants with the SEC.
Clover Health (CLOV) will report its Q2 2021 financial results on August 11, 2021, after market close. A conference call is scheduled at 5:00 p.m. ET to discuss the results and company performance. The live call can be accessed by dialing (833) 693-0547 for U.S. callers, or (661) 407-1587 for international participants. Clover Health focuses on improving healthcare access for underserved seniors, aligning with its mission of achieving health equity for all Americans.
Clover Health (Nasdaq: CLOV) will host a community event in Atlanta focusing on health equity for underserved seniors. The gathering, attended by faith leaders, aims to address barriers in healthcare access for the Medicare population. Atlanta City Councilmember Michael Julian Bond will honor Clover's commitment with a proclamation, while Reverend Shanan E. Jones emphasizes community involvement in healthcare solutions. Clover's mission includes democratizing high-quality care through its Clover Assistant platform, supporting providers in delivering personalized services.
Clover Health has announced an enhancement to its over-the-counter (OTC) benefit, introducing a grocery stipend for eligible members in 101 counties across several states including Georgia, New Jersey, and Texas.
Starting August 1, 2021, qualifying members will receive up to $125 quarterly for grocery and OTC purchases, improving access for seniors with health conditions. This initiative addresses food insecurity, with a phased rollout expected to increase participation.
Clover Health (Nasdaq: CLOV) has announced that CFO Joseph Wagner will leave the company on August 13 for personal reasons. Mark Herbers from AlixPartners, LLP will serve as Interim CFO until a permanent replacement is found. Lee Shapiro, Clover's Audit Committee Chair, will lead the search for a new CFO. Wagner expressed gratitude for his time at Clover, highlighting the challenges and achievements during the COVID-19 pandemic and the company's transition to public status. Clover continues its mission to improve healthcare access, particularly for seniors, while emphasizing health equity.
Clover Health (Nasdaq: CLOV) announced the hiring of Prabhdeep Singh as Chief Growth Officer and Justin Joseph as Chief Strategy & Development Officer. Singh, formerly of WeWork and Uber, will focus on member growth and service area expansion. Joseph, with experience from Palantir and Deloitte, aims to drive strategic partnerships. This leadership expansion aligns with Clover's mission to improve health equity for seniors. Clover plans to expand coverage to 101 new counties, pending CMS approval, with enrollment starting in the upcoming Annual Election Period.
Clover Health (NASDAQ: CLOV) plans to nearly double its geographic footprint, expanding its Medicare Advantage plans to 209 counties across nine states, pending CMS approval. This includes 101 new counties, enhancing access for underserved seniors. Current services are offered in 108 counties with approximately 66,300 members. The expansion will allow eligible individuals to enroll during the Annual Election Period from October 15 to December 7 for coverage starting January 1, 2022. Clover also aims to introduce new benefits, including expanded over-the-counter and grocery benefits.
Clover Health (Nasdaq: CLOV) announced the hiring of South Fulton City Councilwoman Carmalitha Gumbs as Head of Community Engagement and Partnerships. Gumbs will lead initiatives to enhance Clover's presence and assist Medicare beneficiaries in Metro Atlanta and the Southeast. CEO Vivek Garipalli praised her extensive experience and commitment to health equity. Clover Health focuses on providing affordable healthcare to underserved seniors, leveraging technology like the Clover Assistant to improve medical outcomes.
