Banner announces joint venture with Blue Cross Blue Shield of Arizona
Banner Health and Blue Cross Blue Shield of Arizona have entered into a new joint venture, Blue Cross Blue Shield of Arizona Advantage, which will bring enhanced Medicare services to Arizonans. This collaboration brings together two premier organizations with the common goal of improving the quality of patient care, enhancing wellness and assuring affordability.
The joint venture will operate a Medicare Advantage plan for seniors in the Maricopa County area, currently known as Banner MediSun Medicare Health Plan. This includes MediSunONE Classic, MediSunONE Plus and MediSunONE Premier plan choices. The plan will now be called the Blue Cross Blue Shield of Arizona Advantage Plan, and will again offer three choices for coverage.
"The activities of this joint venture will be a further demonstration of how Banner is rapidly transitioning to population health management models to enhance care and control costs through an emphasis on wellness and care coordination," said Banner Health President and CEO Peter S. Fine.
"This and our other partnerships with Aetna, HealthNet and United Healthcare in Arizona and Kaiser Permanente in Colorado, as well as our selection as a Medicare Pioneer ACO organization, are helping to position Banner for continued success in a challenging and transformational health care environment."
Blue Cross Blue Shield of Arizona announced a new narrow network product called BlueAlliance earlier this month featuring Banner Health Network physicians and services. This new cost-effective plan serves small businesses with two to 99 employees who live and work in Maricopa County.