WellCare Health Plans, Inc. : WellCare Improves New York Medicaid Quality
TAMPA, Fla. (Jan. 30, 2013) - WellCare Health Plans, Inc. (NYSE: WCG) today
announced that WellCare of New York has become eligible for the State of New
York's Quality Incentive for Medicaid managed care plans as a result of
improvement in WellCare's health care quality score. The score is based on
various health care quality, member and provider satisfaction, and regulatory
compliance measurements as determined by New York's Office of Health Insurance
"Health care quality and access are among our top priorities, and I am proud
that the work WellCare is doing in New York is reflected in the experience of
our members," said Kevin Conroy, president, WellCare of New York. "We will
continue our investments with the goal of enhancing our members' health and
quality of life."
As of January 2013, WellCare serves an estimated 84,000 members in the State
of New York Medicaid, Family Health Plus, Child Health Plus, and Managed
Long-Term Care programs. In addition, WellCare serves an estimated 36,000
Medicare Advantage members and 41,000 Medicare Prescription Drug Plan members
in New York as of January 2013.
About WellCare Health Plans, Inc.
WellCare Health Plans, Inc. provides managed care services targeted to
government-sponsored health care programs, focusing on Medicaid and Medicare.
Headquartered in Tampa, Fla., WellCare offers a variety of health plans for
families, children, and the aged, blind and disabled, as well as prescription
drug plans. The company serves approximately 2.6 million members nationwide as
of Sept. 30, 2012. For more information about WellCare, please visit the
company's website at www.wellcare.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking" statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Statements that are predictive in nature, that depend upon or refer
to future events or conditions, or that include words such as "expects,"
"anticipates," "intends," "plans," "believes," "estimates," and similar
expressions are forward-looking statements. For example, statements regarding
the estimated membership numbers as of January 2013 are forward-looking
statements. Forward-looking statements involve known and unknown risks and
uncertainties that may cause WellCare's actual future results to differ
materially from those projected or contemplated in the forward-looking
statements. These risks and uncertainties include, but are not limited to,
WellCare's progress on top priorities such as improving health care quality
and access, ensuring a competitive cost position, and delivering prudent,
profitable growth, WellCare's ability to compete for members, WellCare's
ability to build and maintain satisfactory relationships with providers, and
WellCare's ability to effectively manage growth.
Additional information concerning these and other important risks and
uncertainties can be found under the captions "Forward-Looking Statements" and
"Risk Factors" in WellCare's Annual Report on Form 10-K for the year ended
December 31, 2011, and in WellCare's Quarterly Report on Form 10-Q for the
period ended September 30, 2012 and other subsequent filings by WellCare with
the U.S. Securities and Exchange Commission, which contain discussions of
WellCare's business and the various factors that may affect it. WellCare
undertakes no duty to update these forward-looking statements to reflect any
future events, developments, or otherwise.
WellCare Improves New York Medicaid Quality Score
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applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: WellCare Health Plans, Inc. via Thomson Reuters ONE
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