Evolent Health, a company providing an integrated value-based care platform to the nation’s leading providers and payers, today announced that its partner Passport Health Plan received notification from the Kentucky Cabinet for Health and Family Services (CHFS) that Passport has not been awarded a Kentucky managed Medicaid contract for the next contract period.
WASHINGTON, Nov. 27, 2019 /PRNewswire/ -- Evolent Health, a company providing an integrated value-based care platform to the nation's leading providers and payers, today announced that its partner Passport Health Plan received notification from the Kentucky Cabinet for Health and Family Services (CHFS) that Passport has not been awarded a Kentucky managed Medicaid contract for the next contract period. The award, which was announced by Governor Bevin's administration, is for the contract term commencing July 1, 2020. Passport management has indicated its intent to protest the decision. "We firmly believe this decision, if upheld, is detrimental to the health and wellbeing of the residents of the Commonwealth of Kentucky and we fully support Passport's intent to protest this outcome," said Evolent Health Chief Executive Officer Frank Williams. Passport has provided services to Medicaid beneficiaries in the Commonwealth of Kentucky for more than 22 years and is a recognized leader in providing outstanding service and high quality care to its members. Evolent and Passport formed an initial partnership in 2016 and Evolent currently provides support in health plan operations, clinical programs and specialty care management for Passport's 300,000 members. Earlier in 2019, Evolent agreed to purchase a 70 percent ownership stake in Passport in partnership with University of Louisville and several other provider organizations. That transaction is anticipated to close by the end of the year. Evolent will continue to provide services to Kentucky Medicaid beneficiaries through the existing contract period ending June 30, 2020, independent of the outcome of Passport's protest. Conference Call and Webcast Details About Evolent Health Bob East, 443.213.0500, Investor Relations, InvestorRelations@evolenthealth.com; Kim Conquest, 540.435.2095, Media Relations, KConquest@evolenthealth.com
SOURCE Evolent Health |
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Company Codes: NYSE:EVH |