University Health Care Will Sell Medicaid Plan
Maggine credits university physicians, and University Health Care hopes they'll become even better after it sells its Medicaid program for $19 million.
"It evolved and matured and we think, for the benefit of the health plan and the members quite frankly, the plan would need to grow," said Jeri Doty of University of Missouri Health Care.
University Health Care said it wants to focus on its 28,000 patients rather than on insurance. The $19 million will help pay for a new surgery tower, an orthopedic institute, and improvements at Ellis Fischel Cancer Center.
"It'll be a seamless transition for patients and for the physicians and hospitals that serve in the network," said Doty.
The change has been in the works for about 18 months. The Missouri Department of Insurance still needs to review the proposed sale.