HealthLeaders-InterStudy, a leading provider of managed care industry intelligence, finds that new products, solid underwriting, and good medical management kept most Georgia HMOs in the black in 2004. According to the latest issue of Georgia and Alabama Health Plan Analysis from HealthLeaders-InterStudy, Georgia health plans showed an average 2.3 percent profit margin.
"CIGNA HealthCare of Georgia showed the most impressive results, with a 9.4 percent margin," said Jan Shuxteau, HealthLeaders-InterStudy analyst. "That high number is probably not repeatable, but they are showing good results from their new consumer-driven health plans."
The four top-earning HMOs in the state were Blue Cross and Blue Shield of Georgia, UnitedHealthcare of Georgia, the Kaiser Foundation, and Coventry Health Care of Georgia Inc.
Other health plan news in Georgia and Alabama: * In an attempt to control state employee healthcare costs, Georgia imposed a steep drug co-payment tier structure and a surcharge on tobacco users * HealthSpring of Alabama found that a pay-for-performance program aimed primarily at chronic diseases faced by the Medicare population successfully reduced costs while improving quality * Kaiser Permanente of Georgia plans to convert each of its 12 medical centers to electronic medical records by January 2006 * All three Alabama HMOs were profitable in 2004 About HealthLeaders-InterStudy
HealthLeaders-InterStudy, a newly formed company of Decision Resources, Inc. (http://www.decisionresources.com/), is the authoritative source for managed care data, analysis, and news. For more information, please visit both Web sites at http://www.healthleaders.com/ and http://www.interstudypublications.com/.
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SOURCE: Decision Resources, Inc.
CONTACT: Alex Jablokow of Decision Resources, +1-781-296-2562,