Healthcare Providers and Services
Company Overview of Fallon Community Health Plan, Inc.
Fallon Community Health Plan, Inc., a health plan provider network, offers health insurance plans and healthcare services in Massachusetts. The company’s insurance and self-insurance product portfolio includes various group and non-group health plan options, such as HMO, POS, and PPO, as well as Medicaid and Medicare advantage plans that feature flexible benefit designs. It also provides plans through the Commonwealth Choice and Commonwealth Care programs; and offers NaviCare HMO, a senior care options product for people aged 65 and over who are enrolled in MassHealth Standard. In addition, the company’s provider networks offer coordinated care and give its members access to physicians and h...
10 Chestnut Street
Worcester, MA 01608
Founded in 1977
Key Executives for Fallon Community Health Plan, Inc.
Chief Executive Officer, President and Division President of Health Plan Operations
Chief Financial Officer and Executive Vice President
Chief Operations Officer and Executive Vice President
President of Senior Care Services & Government Programs and Chief Compliance Officer
Chief Information Officer and Vice President
Compensation as of Fiscal Year 2014.
Fallon Community Health Plan, Inc. Key Developments
Fallon Community Health Plan, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2014
Nov 14 14
Fallon Community Health Plan, Inc. reported earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported net income of $1.9 million on revenue of $323 million for the third quarter that ended September 30, 2014. Net income includes investment and other income of $5.8 million and an operating loss of $3.9 million. For the same quarter last year, the company posted net income of $5.4 million on revenue of $316 million. Net income included investment and other income of $3.8 million and operating income of $1.6 million. Membership was 231,541 as of September 30, 2014, compared with 227,624 ending September 30, 2013.
Fallon Health Announces Earnings Results for the First Quarter That Ended March 31, 2014
May 15 14
Fallon Health announced earnings results for the first quarter that ended March 31, 2014. For the quarter, the company reported net loss of $1.5 million on revenue of $295 million on a GAAP basis. Net loss includes investment and other income of $1.5 million and operating loss of 3.0 million. For the same quarter last year, Fallon posted a net loss of $0.2 million on revenue of $307 million. The net loss included investment income of $2.6 million and an operating loss of $2.8 million.
Fallon Community Health Plan Appoints Sarika Aggarwal as Executive Vice President and Chief Medical Officer
Dec 17 13
Fallon Community Health Plan announced the appointment of Sarika Aggarwal M.D. to Executive Vice President and Chief Medical Officer. In this role, Dr. Aggarwal will ensure the appropriateness, quality and cost-effectiveness of the health care services received by all the company members. Prior to joining the company, Aggarwal was the medical director in the office of Clinical Integration at UMass Memorial Health Care and an assistant professor of medicine at UMass Medical School.
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