UM Health to shut down insurance plan that came with Sparrow acquisition

Show Business and Finance Publications

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UM Health to shut down insurance plan that came with Sparrow acquisition

_{//business-finance.news-articles.net/content/202 .. nce-plan-that-came-with-sparrow-acquisition.html}
^{Published in Business and Finance on Thursday, November 28th 2024 at 2:40 GMT by Bill Williamson}

UM Health acquired a 90% share of the health plan with this year's acquisition of Sparrow Health in Lansing. Covenant Health in Saginaw owns the other 10%.

The University of Michigan Health has announced plans to integrate Sparrow Health System into its insurance network, effective from January 1, 2024. This move follows UM Health's acquisition of Sparrow in April, aiming to enhance patient access to care by including Sparrow in its Medicare Advantage, commercial, and individual insurance plans. Previously, Sparrow was out-of-network for UM Health's Medicare Advantage plan, causing inconvenience for patients. This integration is part of a broader strategy to streamline healthcare services and reduce costs for patients by eliminating out-of-network charges. UM Health is also working on integrating its electronic medical records with Sparrow's to improve care coordination.

Read the Full Crain's Detroit Article at [ https://www.crainsdetroit.com/health-care/university-michigan-health-fold-sparrow-insurance-plan ]

Publication Contributing Sources

Bill Williamson

N@N

UM Health to shut down insurance plan that came with Sparrow acquisition