BNET Industries
Last Fiscal Year Sales:$173.0M
- Private
- US
Dow Jones Description
OmniCare Health Plan has been one of the leading health care providers in S.E. Michigan. OmniCare is committed to providing its members with good health care. OmniCare is contracted to provide health care to Michigan's Medicaid members. OmniCare has over 63,000 members and growing, with a network of 1,500 doctors, 22 hospitals and 21 urgent care centers . For more details, please call us at 1-866-316-3784.
President
Thomas P. McDonoughNumber of Employees 250
Peer Companies
NAICS Code Direct Health and Medical Insurance Carriers: 524114
News & Analysis
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omnicare health plan - All News and Analysis
The end of a 30-year partnership
- 2005-03-29
Johnson, Arthur L., Combs, Julius V. Michigan Chronicle 03-29-2005 The beginning of Michigan's latest Medicaid contract period signaled the end for two of the state's oldest health maintenance organizations HMOs. Over 100,000 members from The Wellness Plan and 63,000 OmniCare Health Plan...
Coventry Health Care Completes Acquisition of OmniCare Health Plan
- 2004-10-01
BETHESDA, Md. -- Coventry Health Care, Inc. (NYSE:CVH) announced today that it has completed its previously announced acquisition of OmniCare Health Plan. OmniCare has approximately 63,000 Medicaid members with annual revenues of approximately $150 million. Coventry Health Care is a managed health care company based in Bethesda, Maryland operating...
Amerigroup Backs Out of HMO Deal.
- 2004-05-12
By Kim Norris, Detroit Free Press Knight Ridder/Tribune Business News May 12--National managed-care company Amerigroup has terminated its offer to purchase Michigan's largest Medicaid HMO, leaving the fate of more than 100,000 members in limbo. The state has reopened...
Michigan Has Buyers for Troubled HMOs Wellness Plan, OmniCare.
- 2004-04-15
By Kim Norris, Detroit Free Press Knight Ridder/Tribune Business News Apr. 15--Michigan has entered into agreements to sell two financially ailing, Detroit-based health plans that serve more than 165,000 Medicaid beneficiaries in southeastern Michigan. Under the deals, announced Wednesday,...
Outlook Good for Michigan HMOs.
- 2003-09-05
By Kim Norris, Detroit Free Press Knight Ridder/Tribune Business News Sep. 5--Michigan's managed-care health plans turned in their best performance in years in the first half of 2003, with the vast majority reporting positive bottom lines. Financial woes still plague...
Michigan HMOs Recover from Losses.
- 2002-05-22
By Kim Norris, Detroit Free Press Knight Ridder/Tribune Business News May 22--The state's 28 active health-maintenance organizations reversed the financial results of a year earlier and reported a collective profit of $18.3 million for the first three months of 2002. ...
Improvements help DMC almost break even in 2001.(Detroit Medical Center)(Brief Article)(Statistical Data Included)
- 2002-04-22
The Detroit Medical Center parlayed operating improvements at most of its eight hospitals and better debt collection into a near break-even year in 2001. The DMC, the state's third-largest hospital company, reported an operating loss of $5.9 million last year on revenue of $1.63...
Michigan HMOs Report Collective Loss of $1.12 Million in 2001.
- 2002-04-20
By Kim Norris, Detroit Free Press Knight Ridder/Tribune Business News Apr. 20--The state's health-maintenance organizations, which insure 2.8 million Michiganders, reported a collective loss of $1.12 million in 2001, the state's insurance office said Friday. That compares to a profit of...
Michigan Regulators Offer Recovery Plan for OmniCare Health Plan.
- 2002-03-15
By Kim Norris, Detroit Free Press Knight Ridder/Tribune Business News Mar. 15--Seven months after seizing control of OmniCare Health Plan, state regulators have submitted a long-term recovery proposal for the health-maintenance organization that provides coverage to more than 100,000 residents in southeastern...
HMOs post lackluster quarter; total earnings fall to $4.8M.(OmniCare Health Plan, Blue Care Network)(Brief Article)(Statistical Data Included)
- 2001-12-10
Health maintenance organizations managed to tread water financially in the third quarter, but they made no progress toward erasing a lackluster 2001. In the quarter, seven of the area's 16 HMOs posted a year-over-year increase from the same period in 2000, seven suffered ...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Thomas P. McDonough | President |
| Organization | Position | Status |
|---|---|---|
| OmniCare Health Plan | President | Current |
| Coventry Health Care, Inc. | President | Current |
| HealthAmerica Pennsylvania, Inc. | President | Current |
| Coventry Health Care of Delaware, Inc. | COO | Current |
| HealthAmerica Pennsylvania, Inc. | COO & Executive Vice President | Former |
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