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Better Health Outcomes for Seniors, Improved Access to Care and Reduced Environmental Footprint Are Top Achievements Noted in Alignment Healthcare’s 3rd Annual ESG Report
New data details Medicare Advantage company’s ongoing commitment to environmental, social and governance priorities ORANGE, Calif., July 30, 2024 (GLOBE
About this update from Alignment Healthcare, Inc.
[{"type":"text","content":"New data details Medicare Advantage company’s ongoing commitment to environmental, social and governance priorities\nORANGE, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (NASDAQ: ALHC), today released its third annual environmental, social and governance (ESG) report, highlighting the Medicare Advantage (MA) company’s strides to advance member care and access, reduce its environmental footprint and support the diverse needs of its members and its employees in 2023. “Leading with a serving heart is foundational to who we are as a company and how we treat our members and one another,” said John Kao, founder and CEO, Alignment Healthcare. “Because of this core value, our members entrust us with their health and well-being as they age. We bring that same thoughtful attention to how we operate as a business and impact the community and world around us.” From introducing caregiver benefits and bringing customer service in-house for members to implementing parental and bereavement leave policies for employees, the 2023 report highlights how Alignment continues to responsibly serve members, health care partners and employees by: Delivering better health outcomes for seniors Achieving a 44% reduction in emergency room visits, 38% fewer inpatient admissions, 45% reduction in skilled nursing facility admissions and 28% lower 30-day hospital readmission rate, when compared to 2019 Medicare fee-for-service (FFS) rates.Earning 5 out of 5 Stars from the Centers for Medicaid & Medicare (CMS) for both completed breast cancer screenings and body/bone density scans among female members, and completed colorectal screenings among eligible members. Improving access to care Expanding access to more than 30,000 affordable medications — roughly 20,000 more than the year prior — via comprehensive prescription coverage. In 2023, 91% of pharmacy claims cost members $10 or less.Making nutritious foods and necessary medication more accessible to the doorsteps of more members in California and Nevada through an industry-first agreement with Instacart, helping address food insecurity and lack of reliable transportation. These were two of the top barriers to senior health and well-being, according to Alignment’s 2023 Social Threats to Aging Well in America report.Enabling more high-risk members to be seen by redesigning its signature Car...