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Ministry Health Care
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Froedtert Health and Ministry Health Complete Agreement
To Co-Own Insurance Plan
Network Health targets spring for southeastern Wisconsin sales launch
Milwaukee, Wis. (November 11, 2014) – Froedtert Health and Ministry Health Care have completed a previously announced transaction to co-own Network Health, a Wisconsin-based health insurance company. The agreement also establishes Integrated Health Network of Wisconsin (IHN) as the provider organization for Network Health members in the new service area.
“With the agreement now in place, our intent is for Network Health to offer both fully insured and self-funded plans to large employers by spring 2015,” said Sheila Jenkins, president of Network Health. “Over time, we’ll expand our product portfolio to provide a wide range of options to the communities of southeastern Wisconsin.”
“We are pleased that all final steps have been taken and approvals received to complete this transaction,” stated Nick Desien, president and CEO of Ministry Health Care and Ascension Ministry Market Leader for Wisconsin. “The shared ownership of Network Health by Froedtert and Ministry will open many new opportunities for all three organizations as well as employers and residents of southeastern Wisconsin.”
Network Health currently provides commercial and Medicare Advantage health insurance plans to employers and individuals in northeastern Wisconsin. Co-ownership facilitates the opportunity to expand Network Health insurance services into southeastern Wisconsin with Integrated Health Network as the provider group. The insurance company has been solely owned by Ministry Health Care since 2012.
“We look forward to working together to offer southeastern Wisconsin employers additional proven,
high-quality insurance options and evidence-based care coordination through IHN,” said Catherine
Jacobson, president and CEO of Froedtert Health and chair of Integrated Health Network. “In
addition, members will have in-network access to advanced specialty care through Froedtert &
the Medical College of Wisconsin academic medical center.”
“Integrated Health Network is an example of Ascension’s strategic commitment to developing and participating in regional clinically integrated systems of care as we evolve to provide truly person-centered care for populations,” said Robert J. Henkel, FACHE, President and Chief Executive Officer, Ascension Health. “The new ownership arrangement for Network Health will expand the ability of IHN to serve more individuals across the region.”
Integrated Health Network is a clinically integrated network of independent health systems, hospitals
and physicians. Integrated Health Network includes the following Wisconsin organizations:
Agnesian HealthCare, Columbia St. Mary’s, Froedtert Health, the Medical College of Wisconsin,
Ministry Health Care, and Wheaton Franciscan Healthcare. Launched in 2010, it is one of the first
multiple-system accountable care networks in the country.
Ministry Health Care joined Integrated Health Network in September 2013. Since January, Integrated Health Network has been managing care for approximately 90,000 lives, including 55,000 lives through a partnership with UnitedHealthcare that created one of the nation’s largest accountable care initiatives.
About Network Health
Founded in 1982, Network Health offers customized commercial and Medicare health insurance services to employers, individuals and families in more than 17 counties throughout northeastern Wisconsin. Through its strong reputation for quality health care coverage and excellent customer service, Network Health has grown to serve more than 137,000 members. Network Health’s Medicare Advantage PPO product holds the highest possible accreditation status —“Excellent”— from the National Committee for Quality Assurance (NCQA). In addition, each year since 2002, Network Health has received the “Excellent” accreditation status for its commercial HMO insurance plans. Network Health is ranked in the top 10 percent of U.S health plans by NCQA. Learn more at meetnetworkhealth.com.
About Ministry Health Care
Ministry Health Care is an integrated healthcare delivery network serving more than 1.1 million people across Wisconsin and eastern Minnesota. Ministry generates nearly $2.2 billion in annual operating revenue with 15 hospitals, 45 clinics, and more than 12,000 associates including 650 physicians and advanced practice clinicians. In 2013, Ministry Health Care joined Ascension Health as its second healthcare ministry in Wisconsin. Ascension is the largest Catholic and not-for-profit healthcare system in the nation. Ministry is ranked among the top 20 percent of healthcare systems in the country according to Truven Health Analytics. Visit us at www.ministryhealth.org.
About Froedtert Health
Froedtert Health combines with the Medical College of Wisconsin to form eastern Wisconsin’s only academic medical center and associated regional health care network. The network’s flagship hospital, Froedtert Hospital, is the primary adult teaching affiliate of the Medical College of Wisconsin. The health care network includes two community hospitals, a community-based medical group and more than 30 primary and specialty care health centers and clinics. The network’s three hospitals have 772 staffed beds, nearly 40,000 annual admissions and more than 900,000 annual outpatient visits. www.froedtert.com
About Integrated Health Network of Wisconsin
Founded as Quality Health Solutions in 2005 and based in Brookfield, Wisconsin, Integrated Health Network of Wisconsin (IHN) is a clinically integrated network of independent health systems, hospitals and physicians working together to improve the quality, efficiency and value of health care services in the markets served by its members. Members currently include Agnesian Healthcare, Columbia St. Mary’s, Froedtert Health, Ministry Health Care, Wheaton Franciscan Healthcare and the Medical College of Wisconsin, representing more than 4,500 physicians, 450 clinics and 36 hospitals in northern, central and eastern Wisconsin. The IHN vision is to redefine the delivery of health care through innovation and integration. For more information, visit www.ihnwi.com.