October 12, 2010-Nashville, Tenn.-HealthLeaders-InterStudy, a leading provider of managed care market intelligence, reports that Coventry Health Care will experience growth as Medicaid enrollment swells. According to the National MCO Analyzer: Coventry Health Care will likely be ahead of other large insurers by 2014, when health reform will increase the national eligibility for Medicaid.
Coventry's success rate in getting new Medicaid business has increased in recent years, and it has most recently expanded into the new Medicaid markets of Nebraska and Pennsylvania. Coventry has shown foresight in buying commercial plans in mid-size metropolitan markets, then pursuing Medicaid requests for proposals once established in those markets. Picking its new Medicaid markets wisely will help continue its winning streak as states award Medicaid contracts in the next few years.
"The poor economy has had a big impact on Coventry. As large states like Pennsylvania increasingly turn to managed Medicaid to ease their cost trends, and as states like Florida continue to experience swelled Medicaid enrollment, Coventry will have ample opportunities to expand," said HealthLeaders-InterStudy Analyst Bill Melville. "By spreading to new markets and establishing a strong base in advance of Medicaid eligibility increases in 2014, Coventry will be ahead of many large insurers."
About National MCO Analyzer
National MCO Analyzer is the account manager's tool for in-depth analysis of national MCO corporate strategies, opportunities and challenges. Profiling the country's largest managed care organizations, each report includes:
- Market analysis from HealthLeaders-InterStudy's managed care market experts, along with an overview of opportunities and challenges for a plan in the year ahead.
- Competitive analysis outlining a managed care organization's strengths, challenges and opportunities.
- Plan dashboard providing national-level enrollment mix and trends.