Our Products can help your organization stay educated and compliant. Shop Now >


Nursing Home Giant, Signature Health, Enters Insurance Business

Posted on Thursday, August 20, 2015 9:54 AM

One of the country's largest nursing facility companies, Signature Healthcare, is nearing its entry into the health insurance business. Enrollment for Signature Healthcare residents is set to begin in October. In March, theĀ Louisville-based skilled nursing facility (SNF) operator registered a company called Signature Advantage LLC with the Kentucky Department of Insurance. The new company is defined as a "provider-sponsored organization," or a provider group that accepts full risk for beneficiaries in exchange for a fixed monthly payment. It is one of the first companies of its kind to be approved by both the state of Kentucky and CMS. Having its own insurance company will allow Signature to have a stronger alignment with its physicians, and will also fight the push from the insurance industry to give providers lower reimbursement rates. Signature joins Humana, another Louisville-based company that started out as a SNF provider before entering the insurance business. Humana is slated to be acquired by Aetna. The consolidation of insurance companies could be "worrisome" for providers, and may lead to lower reimbursements, according to some experts. Click here to read more.      

About Corridor

Corridor is a trusted home health and hospice consulting partner to agencies both large and small. We provide the most up-to-date comprehensive homecare industry educational resources and consulting available.

We specialize in delivering better revenue cycle management solutions, coding and documentation review services, regulatory compliance, and healthcare consulting.

For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!

For additional information, please contact Corridor at 1-866-263-3795

Go Back