Alignment Healthcare Announces Improvement of North Carolina and Nevada Medicare Advantage HMO 2024 Rating to 5 Stars, Highest Score from Medicare
June 24 2024 - 8:00AM
Alignment Healthcare, Inc. (NASDAQ: ALHC) today announced that the
Centers for Medicare and Medicaid Services (CMS) recalculated the
2024 Star Rating of its H5296 Medicare Advantage (MA) HMO contract
in North Carolina and Nevada, resulting in a 5-star out of a
possible 5-star rating. Every year, CMS evaluates plans based on a
5-star rating, with 5 stars representing “excellent” performance.
“We’re pleased that CMS has revised the rating of our HMO
contract in North Carolina and Nevada to achieve the highest
possible score, recognizing excellent performance in delivering
high-quality care at a lower cost,” said John Kao, founder and CEO,
Alignment Health. “Our commitment to high-quality care extends to
all our plans as more than 90% of Alignment members are enrolled in
plans rated 4 stars or higher, meaning most of our members
consistently receive a high-quality care experience.”
The improvement increases the contract’s overall star rating by
0.5 star, from 4.5 to 5 stars. According to CMS, the more
stars a plan receives, the better the plan.
Alignment Health Plan, which entered North Carolina in 2021,
earned 5 stars the first year it was eligible to be rated and was
one of only two MA HMO plans in the state to achieve a 5-star
rating in 2023.
For more information about Alignment Health Plan, visit
www.alignmenthealthplan.com.
About Alignment HealthAlignment Health is
championing a new path in senior care that empowers members to age
well and live their most vibrant lives. A consumer brand name of
Alignment Healthcare (NASDAQ: ALHC), Alignment Health offers more
than 50 benefits-rich, value-driven Medicare Advantage plans that
serve 53 counties across six states. The company partners with
nationally recognized and trusted local providers to deliver
coordinated care, powered by its customized care model, 24/7
concierge care team and purpose-built technology, AVA®. Based in
California, the company’s mission-focused team makes high-quality,
low-cost care a reality for members every day. As it expands its
offerings and grows its national footprint, Alignment upholds its
core values of leading with a serving heart and putting the senior
first. For more information,
visit https://www.alignmenthealth.com/.
Investor ContactHarrison
Zhuohzhuo@ahcusa.com
Media ContactPriya ShahmPR, Inc. for Alignment
Healthalignment@mpublicrelations.com
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