Driving positive results via business enhancements, increased efficiencies, and financial discipline
On Tuesday, April 17, 2012, Independence Blue Cross (IBC) reported positive financial results in 2011 with a net profit margin of 3.4 percent and a net after-tax income of $314.8 million, achieved by offering new capabilities and services to customers, attracting new customers, reducing operating costs, and working collaboratively with hospitals and physicians to enhance health care delivery. IBC returned to positive financials in 2010 after two years of losses. A second year of positive results in 2011 demonstrates the company’s financial stability and stems from sound investments in better serving customers, preparing for health care reform’s changes, and fulfilling IBC’s mission: Enhancing the health and wellness of the people and communities we serve.
Lumeris and three Blues — Highmark Inc., Horizon Blue Cross Blue Shield of New Jersey (Horizon), and Independence Blue Cross (IBC) — have signed an agreement to acquire NaviNet, the nation’s largest real-time communication network for physicians, hospitals, and health insurers, for an undisclosed price. The transaction is expected to close within 30 days, subject to customary closing conditions.
Press Kit — learn more about this acquisition.
IBC to hold majority of the Medicaid company; BCBSM gains minority interest
Two of the nation’s largest not-for-profit Blue health insurers, Independence Blue Cross (IBC) and Blue Cross Blue Shield of Michigan (BCBSM), announced this morning that they will be partnering to expand services to Medicaid beneficiaries nationally through the AmeriHealth Mercy Family of Companies, a top-tier, best-in-class Medicaid managed care organization headquartered in Philadelphia.
Press Kit — learn more about this new agreement that will expand services to Medicaid beneficiaries nationally through the AmeriHealth Mercy Family of Companies.
As the leading health insurer in the region, we believe we have a responsibility to drive positive change to improve quality and control costs. In 2010 we adopted a new approach to negotiating contracts and compensating physicians and hospitals that focuses on balancing our commitment to fairly and competitively compensate them with our responsibility to hold down premium increases for our customers. In our contract discussions, we represent our customers who share our commitment to health, but struggle with the rising cost of care. After all, what we pay hospitals and physicians has a direct impact on our customers’ premium costs.
Learn more about how we are working with hospitals and physicians to drive positive change.
