Health care reform ushered in by the Affordable Care Act was a defining moment for most health plans: some survived while others thrived. Under the aegis of Pat Geraghty and his leadership team, GuideWell thrived in the years since the law was enacted, transitioning the parent company from a single-state Blue plan to an enterprise with five distinct lines of business, a combined revenue of $16 billion, 29-state footprint, and over 16 million served. No longer defined as a payer, GuideWell has become a health solutions company that can compete in the insurance, care delivery, population health, government and health plan consumerism spaces.
Recently, Pat was invited by the NIHCM Foundation to present how GuideWell navigated the market and regulatory challenges of the Affordable Care Act at their Capitol Hill Briefing, “Reimagining Health Care in America” in Washington, D.C.
Watch as Pat shares the strategic turning points that yielded dramatic change in GuideWell’s evolution, including:
- Our decision not to be limited to just 15% of the health care dollar;
- Introducing competition in hospital-dominated markets;
- Acquiring a company that provides high touch, in-home care, and
- Focusing on helping members avoid medical bills through preventive care.
Learn more about the GuideWell enterprise by visiting us at guidewell.com.
Finally, watch this recording of the audience questions posed to the Briefing’s panelists and learn Pat’s views on drug pricing, the opioid epidemic, accountable care organizations and more.