Steward Health Care System, Boston, and Tufts Health Plan, Watertown, Mass., are combining to offer a lower-cost health plan aimed at small businesses in the state, according to a news release.
Steward, Tufts to offer health plan aimed at small business
Steward Community Choice members will use hospitals and physicians in Steward Health Care’s network unless they require a service that those providers don’t offer. Massachusetts General Hospital and Brigham and Women’s Hospital, the founder organizations of Boston-based Partners HealthCare, will be the tertiary providers under the plan. Last month, Partners announced that it had signed a letter of intent to acquire Boston-based Neighborhood Health Plan, a not-for-profit managed-care organization with 240,000 members. Terms were not disclosed.
Steward and Tufts hope to win approval for the health plan from the Massachusetts Division of Insurance in time to make the product available Jan. 1, according to the release.
Steward, formed last year by the conversion of Caritas Christi Health Care into an investor-owned system by private equity firm Cerberus Capital Management, owns eight hospitals in Massachusetts and has deals in place to acquire three more in the state and two in Rhode Island.
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