Company Research Report: Healthfirst Inc.

Company Overview

• Name: Healthfirst Inc.

• Mission: Helping New Yorkers access affordable health insurance by pioneering the value-based healthcare model where hospitals and physicians are compensated based on patient outcomes.

• Founded: The company has been serving New Yorkers for over 30 years.

• Key People: No information is available on specific key people.

• Headquarters: No information is available on the exact location of the headquarters.

• Number of Employees: Over 5,800 employees.

• Revenue: No information is available on the company’s revenue.

• Known For: Largest not-for-profit health insurer in New York, offering high-quality, affordable health plans including Medicaid plans, Medicare Advantage, long-term care plans, Qualified Health plans, and Essential Plans.

Products

1. Medicare Advantage Plans

• Description: Offers OTC, dental, vision, and more, including PPO plans for out-of-network coverage.

• Key Features: Many plans include $0 prescription drugs and an OTC Plus or OTC card.

2. Individual and Family Plans

• Description: Offers affordable health coverage to individuals and families throughout the NYC area.

3. Long-term Care Plans

• Description: Combines hospital, medical, and prescription drug coverage with long-term care benefits and offers a managed long-term care plan option.

Recent Developments

• New Office: On November 1, 2024, Healthfirst opened a new community office in Flushing, Queens, to support access to quality healthcare in diverse communities.

• Quality Ratings: The Healthfirst Medicare Advantage Plan received a 4.5 Medicare Star Rating as of October 11, 2024.

• Educational Initiatives: Awarded scholarships to three college-bound students under the Healthfirst Education & Leadership Program in September 2024.

• Partnerships: Collaborated with the Coalition of Asian-American Independent Practice Association (CAIPA) to celebrate a culturally competent education campaign enhancing healthcare access initiated in August 2024.

• Community Engagement: Celebrated Bronx Harmony Day with the NYPD Community Affairs Bureau on July 30, 2024, and targeted the loneliness epidemic through the TimeBank by Healthfirst Foundation initiative as of July 11, 2024.

Additional Information

• Community Commitment: Engages in multiple community activities from health fairs to supporting local youth sports with TeamSnap, showcasing a commitment to healthier, active communities.

• Providers and Network: Supports a vast network with 40,000+ providers and 80+ participating hospitals, offering extensive access to medical services.

• Virtual Community Office: Initiated a Virtual Community Office to facilitate easy access to local Healthfirst representatives.

By leveraging these insights, Healthfirst has positioned itself as a key player in providing healthcare services tailored to the diverse needs of New Yorkers, while continuously enhancing its services and community involvement strategies.