Here are five takeaways:
1. The new company will sell health plans in 16 north-central Wisconsin counties.
2. Wausau, Wis.-based Aspirus has nearly 7,000 employees and operates four Wisconsin hospitals as well as four hospitals in Michigan. The company also operates 50 clinics.
3. The Wisconsin Office of the Commissioner of Insurance must grant approval.
4. If approved, the new health insurance company will sell plans to individuals, small employers and large employers next year.
5. Aspirus and WPS have committed to investing over $20 million over the next several years in the new company.
More articles on coding & billing:
Indiana finishes 1st year of alternative Medicaid plan: 5 points
North Carolina consumers enroll in healthcare, payers face financial issues: 4 insights
Alaskans only have 1 option for coverage after forcing Moda Health out of individual marketplace: 5 things to know
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.