10 03Evolent Health Completes Acquisition of Valence Health
09 26MDwise Partners with Valence Health To Support Health Plans
Valence Health, one of the fastest-growing businesses in the Chicago area, could be tapped later this week to run a big piece of Cook County Health & Hospitals System's Medicaid plan. The deal could save the system up to $15 million a year if Valence takes over administrative services IlliniCare Health Plan now performs, said Steven Glass, who oversees managed care for Cook County Health.
The system in August rebid a contract it awarded just last year to IlliniCare for $1.8 billion after executives said the company had become a bigger competitor for the same patients. IlliniCare, a division of St. Louis-based Centene, manages various health benefits for members of CountyCare, the health system's Medicaid managed care plan. Read more here