Clover Health Medicare Advantage Plans Earn 3.5 Star Rating for 2023
October 11 2022 - 4:05PM
Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover
Health” or the “Company”) today announced that for the 2021
measurement year, the Centers for Medicare and Medicaid Services
(“CMS”) has rated its PPO Medicare Advantage (“MA”) plan at 3.5
stars and increased the rating of its HMO MA plan from 3 stars to
3.5 stars on the Medicare Star Ratings. Currently, over 90% of
Clover’s MA membership is served through its PPO plan.
“Our goal is to provide everyone with access to personalized
primary care from a physician that they trust, and maintaining our
star rating validates our differentiated approach,” said Jamie
Reynoso, Chief Operating Officer of Clover. “Sustaining such a high
level of plan quality, especially during a once in a century
pandemic, is a testament to the operational excellence we’ve
developed as an organization.”
Every year, Medicare evaluates plans based on a 5-star rating
system.
The statements contained in this document are solely those of
the authors and do not necessarily reflect the views or policies of
CMS. The authors assume responsibility for the accuracy and
completeness of the information contained in this document.
About Clover Health:Clover Health (Nasdaq:
CLOV) is a physician enablement company focused on seniors who have
historically lacked access to affordable, high-quality healthcare.
Our strategy is underpinned by our proprietary software platform,
Clover Assistant, which is designed to aggregate patient data from
across the health ecosystem to support clinical decision-making and
improve health outcomes. We operate two distinct lines of business:
Insurance and Non-Insurance. Through our Insurance line of
business, we provide PPO and HMO plans to Medicare Advantage
members in several states. Our Non-Insurance line of business aims
to reduce expenditures and enhance the quality of care for patients
enrolled in fee-for-service Medicare. Clover’s corporate
headquarters are in Franklin, Tenn.
Visit: www.cloverhealth.com
Press Contact:Andrew Still-BaxterEmma
Baronpress@cloverhealth.com
Investor Relations Contact:Ryan
Schmidtinvestors@cloverhealth.com
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