Fidelis Care

Fidelis Care is a New York-based health insurance company formed in 1993.[2]

Fidelis Care
FidelisCareLogo.jpg
Formation1993
PurposeHealth Insurance Company
HeadquartersNew York City, United States
Region served
New York State
ProductsHealth insurance
Parent organization
Centene Corporation
Staff
4,550 (est.)[1]
Websitewww.fideliscare.org

As of 2018, Fidelis Care served more than 1.7 million New York residents.[3] It is a subsidiary of Centene Corp and has offices throughout New York State, including New York City, Albany, Syracuse, Rochester and Buffalo.[4][5][citation needed]

HistoryEdit

Fidelis Care was formed in 1993 as the NYC Catholic Health Plan Inc.[2] by the Catholic Medical Center of Brooklyn and Queens, Inc. and the Diocese of Brooklyn to serve the poor and medically underserved.[6] It initially operated in Brooklyn, but expanded to include Queens and The Bronx in 1994.[citation needed] From 1994 to 1996, the bishops of the Catholic Dioceses, work to expand Fidelis Care's license statewide.[2][6]

In 1997, Fidelis expanded to Western New York with the acquisition of Better Health Plan, a Buffalo-based HMO.[7]

Fidelis Care operates several government-sponsored health insurance programs, including Medicare, Medicaid and Child Health Plus, which was introduced in 1997.[5][7][8] The company also offers managed long-term care plans[9] and Qualified Health Plans on the NY State of Health Marketplace.[10][11][12]

In May 2004, Fidelis Care began Fidelis Medicare Advantage and Dual Advantage to serve the members.[13][citation needed] After becoming a subsidiary of Fidelis Care in 2005, CenterCare, a New York City-based Medicaid managed care plan, was formally acquired by Fidelis Care in 2008.[14][citation needed] In 2009, Fidelis Care launched Fidelis Medicaid Advantage Plus (HMO), a managed long term care product for individuals 18 years of age or older who have a chronic illness or disability.[citation needed]

In 2013, Fidelis Care was approved to be a Qualified Health Plan, offering products through NY State of Health.[15][citation needed]

On June 23, 2017, Fidelis Care introduced its Every Child Covered campaign, which raised awareness for children without health insurance.[citation needed]

Acquisition by CenteneEdit

On September 12, 2017, it was announced that Centene Corp. would acquire Fidelis Care for US$3.75 billion.[16][17] Centene completed the acquisition of Fidelis Care on July 2, 2018.[18][third-party source needed]

See alsoEdit

ReferencesEdit

  1. ^ Fidelis Care. "Fidelis Care 2016 Annual Report". Retrieved 2014-07-21.
  2. ^ a b c Drury, Tracey (12 September 2017). "Fidelis acquired in $3.75B deal by Centene Corp". Buffalo Business First.
  3. ^ Spector, Joseph. "A 24% increase in health-insurance costs? Why New York is saying no". Democrat and Chronicle. Retrieved 2020-11-19.
  4. ^ "About Us | Fidelis Care". Fidelis Care. Retrieved 2020-11-19.
  5. ^ a b Drury, Tracey (23 June 2015). "Fidelis completes $26M WNY expansion, continues hiring blitz". Buffalo Business First.
  6. ^ a b Drury, Tracey (23 July 2012). "Founder of Fidelis Care dies after brief illness". Buffalo Business First.
  7. ^ a b Watson, Stephen T. "A mission in health insurance has Fidelis Care growing fast in Amherst". The Buffalo News. Retrieved 2020-11-19.
  8. ^ Childers, Lisa. "For many parents, New York's Child Health Plus is a saving grace". Hudson Valley One. Retrieved 2020-11-19.
  9. ^ Drury, Tracey (13 May 2014). "UnitedHealthcare expands services in Erie County". Buffalo Business First.
  10. ^ "Branded story: vital 2017 goals for a healthy heart". Democrat and Chronicle. 10 February 2017. Retrieved 2020-11-19.
  11. ^ Yu, Roger. "Centene to buy Fidelis Care for $3.75B to enter NY health insurance market". USA TODAY. Retrieved 2020-11-19.
  12. ^ "Health insurer climbs after buying Fidelis Care for $3.75 billion". Crain's New York Business. 13 September 2017. Retrieved 2020-11-19.
  13. ^ "Exhibit 99.1". SEC. Retrieved 2020-11-19.
  14. ^ "Fidelis Care, CenterCare Sign Agreement". Queens Gazette. Retrieved 2020-04-06.
  15. ^ "Fidelis Care | Most Affordable Health Plan Options in New York". NY Health Insurer.
  16. ^ Mathews, Anna Wilde; Armental, Maria (September 12, 2017). "Centene Agrees to Buy Fidelis Care in $3.75 Billion Deal". Wall Street Journal. Retrieved September 13, 2017.
  17. ^ Coombs, Bertha (2017-09-12). "Centene in a $3.75 billion deal for New York Medicaid leader Fidelis Care". CNBC. Retrieved 2020-11-19.
  18. ^ Centene Corporation (July 2, 2018). "Centene Completes Transaction With Fidelis Care" (Press release). St. Louis. PR Newswire. Retrieved June 6, 2020.

External linksEdit