Fidelis Care

Fidelis Care is a New York-based health insurance company formed in 1993.[2]

Fidelis Care
Formation1993
PurposeHealth Insurance Company
HeadquartersNew York City, United States
Region served
New York State
ProductsHealth insurance
Parent organization
Centene Corporation
Staff
4,550 (est.)[1]
Websitewww.fideliscare.org

As of 2018, Fidelis Care served more than 1.7 million New York residents.[3] It is a subsidiary of Centene Corp and has offices throughout New York State, including New York City, Albany, Syracuse, Rochester and Buffalo.[4][5]

History

Fidelis Care was formed in 1993 as the NYC Catholic Health Plan Inc.[2] by the Catholic Medical Center of Brooklyn and Queens, Inc. and the Diocese of Brooklyn to serve the poor and medically underserved.[6] It initially operated in Brooklyn, but expanded to include Queens and The Bronx in 1994. From 1994 to 1996, the bishops of the Catholic Dioceses, work to expand Fidelis Care's license statewide.[2][6]

In 1997, Fidelis expanded to Western New York with the acquisition of Better Health Plan, a Buffalo-based HMO.[7]

Fidelis Care operates several government-sponsored health insurance programs, including Medicare, Medicaid and Child Health Plus, which was introduced in 1997.[5][7][8] The company also offers managed long-term care plans[9] and Qualified Health Plans on the NY State of Health Marketplace.[10][11][12]

In May 2004, Fidelis Care began Fidelis Medicare Advantage and Dual Advantage to serve the members.[13] After becoming a subsidiary of Fidelis Care in 2005, CenterCare, a New York City-based Medicaid managed care plan, was formally acquired by Fidelis Care in 2008.[14] In 2009, Fidelis Care launched Fidelis Medicaid Advantage Plus (HMO), a managed long term care product for individuals 18 years of age or older who have a chronic illness or disability.

In 2013, Fidelis Care was approved to be a Qualified Health Plan, offering products through NY State of Health.[15]

On June 23, 2017, Fidelis Care introduced its Every Child Covered campaign, which raised awareness for children without health insurance.

Acquisition by Centene

On September 12, 2017, it was announced that Centene Corp. would acquire Fidelis Care for US$3.75 billion.[16][17] Centene completed the acquisition of Fidelis Care on July 2, 2018.[18]

See also

References
  1. Fidelis Care. "Fidelis Care 2016 Annual Report". Retrieved 2014-07-21.
  2. Drury, Tracey (12 September 2017). "Fidelis acquired in $3.75B deal by Centene Corp". Buffalo Business First.
  3. Spector, Joseph. "A 24% increase in health-insurance costs? Why New York is saying no". Democrat and Chronicle. Retrieved 2020-11-19.
  4. "About Us | Fidelis Care". Fidelis Care. Retrieved 2020-11-19.
  5. Drury, Tracey (23 June 2015). "Fidelis completes $26M WNY expansion, continues hiring blitz". Buffalo Business First.
  6. Drury, Tracey (23 July 2012). "Founder of Fidelis Care dies after brief illness". Buffalo Business First.
  7. Watson, Stephen T. "A mission in health insurance has Fidelis Care growing fast in Amherst". The Buffalo News. Retrieved 2020-11-19.
  8. Childers, Lisa. "For many parents, New York's Child Health Plus is a saving grace". Hudson Valley One. Retrieved 2020-11-19.
  9. Drury, Tracey (13 May 2014). "UnitedHealthcare expands services in Erie County". Buffalo Business First.
  10. "Branded story: vital 2017 goals for a healthy heart". Democrat and Chronicle. 10 February 2017. Retrieved 2020-11-19.
  11. Yu, Roger. "Centene to buy Fidelis Care for $3.75B to enter NY health insurance market". USA TODAY. Retrieved 2020-11-19.
  12. "Health insurer climbs after buying Fidelis Care for $3.75 billion". Crain's New York Business. 13 September 2017. Retrieved 2020-11-19.
  13. "Exhibit 99.1". SEC. Retrieved 2020-11-19.
  14. "Fidelis Care, CenterCare Sign Agreement". Queens Gazette. Retrieved 2020-04-06.
  15. "Fidelis Care | Most Affordable Health Plan Options in New York". NY Health Insurer.
  16. Mathews, Anna Wilde; Armental, Maria (September 12, 2017). "Centene Agrees to Buy Fidelis Care in $3.75 Billion Deal". Wall Street Journal. Retrieved September 13, 2017.
  17. Coombs, Bertha (2017-09-12). "Centene in a $3.75 billion deal for New York Medicaid leader Fidelis Care". CNBC. Retrieved 2020-11-19.
  18. Centene Corporation (July 2, 2018). "Centene Completes Transaction With Fidelis Care" (Press release). St. Louis. PR Newswire. Retrieved June 6, 2020.
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