Priority Health in Southfield and Bellevue, Wash.-based Healthcare Management Administrators Inc. (HMA) have formed an alliance to deliver a third-party administrator (TPA) health coverage solution that provides Michigan-based employers with the flexibility and network access to customize their employee health plans.
Through the partnership, Michigan-based employers with more than 100 employees will gain access to the TPA solution Jan. 1, 2025.
HMA and Priority Health identified a market gap for Michigan-based employers who need customized, cost-effective health plans that deliver whole-person care. The TPA solution is designed to offer a self-funded health plan option that combines quality and affordability while addressing Michigan employers’ most critical healthcare benefit needs. It will provide Michigan employers with the plan design flexibility and extensive network access they need to best serve their employees.
“We understand that Michigan employers are in search of more flexibility and vendor choice when it comes to designing their self-funded benefits package, which is why we’re pleased to team up with HMA to offer a solution that allows employers to leverage the power of Priority Health’s network with HMA’s leading TPA model,” says Rick Abbott, senior vice president of employer solutions at Priority Health.
Next year, employers will have access to the dedicated, local support of Priority Health and decades of self-funding expertise from HMA. The collaborative effort will not only offer employers innovative, affordable solutions, but also will prioritize the well-being and satisfaction of their employees, according to the companies.
A pioneer in the self-funded industry, HMA has a reputation for protecting employers’ health plan dollars through curated solutions such as payment integrity options, pharmacy benefit manager (PBM)s, and vetted stop-loss vendors. Priority Health, a nonprofit health plan serving over 1.3 million members, brings a dedicated local support team specifically designed to meet the needs of Michigan employers.
Together, HMA and Priority Health aim to tackle the challenges employers face today, including limited plan customization, rising healthcare costs, and meeting the health care needs of their employee populations.
“We are excited to work with Priority Health to introduce a new self-funded solution to the Michigan market that offers affordability and flexibility,” says Aadam Hussain, president and CEO of HMA. “For nearly 40 years, HMA has been committed to protecting two of employers’ most valuable assets: their employees and their health plan dollars. At HMA, our experienced team is focused on developing cost-effective benefits that emphasize savings, member satisfaction, and care that puts people first.”
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