CareSource and Community Care, Inc. pursue affiliation to strengthen long-term care services for older adults and adults with disabilities across Wisconsin
September 18 2024 - 1:00PM
CareSource, a nonprofit, nationally recognized managed care
organization, today announced that Community Care, Inc. will become
an affiliate following the completion of all required state and
federal regulatory approvals. Community Care, a leading managed
care organization and provider of comprehensive care services, has
more than 45 years of experience delivering quality, personalized
care that enables older adults and adults with disabilities to live
independently in the community.
“By bringing Community Care into the CareSource family, we
combine the expertise of two mission-driven, nonprofit managed care
organizations strengthening our capacity to innovate health care,
improve outcomes and change lives,” said Erhardt Preitauer,
president and CEO, CareSource. “CareSource will bring our strong
business fundamentals, operational efficiency, scale, and complex
care capabilities alongside Community Care’s extensive experience
delivering high-quality, community-centered long-term care in
Wisconsin to change the trajectory of health care for individuals
with complex health needs.”
Community Care serves adults across the state aged 55 and older,
and 18 and older with physical, intellectual or developmental
disabilities enrolled in Wisconsin’s three major long-term care
programs; Family Care, Family Care Partnership and Program of
All-Inclusive Care for the Elderly (PACE). In addition to caring
for members in the community, the organization operates three
certified adult day and health centers in Milwaukee, Racine and
Waukesha. The organization provides access to home and
community-based services, care coordination and personal care
assistance.
Over the past several years, the long-term care landscape has
changed in Wisconsin, making it challenging for smaller, regional
nonprofits like Community Care to operate financially, which has
contributed to the recent trend in consolidation, according to
Kenneth Munson, Community Care CEO.
“When considering the idea of merging, the executive leadership
team and the board of directors felt it was critical that we
partner with an organization, ideally a nonprofit, whose values
aligned with ours and put members and employees first,” Munson
said. “We found such a partner in CareSource, and this relationship
will allow us to stay competitive, to continue providing excellent
care to our members, and to expand our mission to serve more
vulnerable people in Wisconsin.”
The anticipated Community Care transaction marks the second for
CareSource and a Wisconsin company. Earlier this year, CareSource
announced plans to pursue an affiliation with Common Ground
Healthcare Cooperative, the state’s leading Individual Marketplace
insurer based on the number of individuals served.
Community Care and its employees will remain in Wisconsin.
About CareSource
CareSource is a nonprofit, nationally recognized managed care
organization with over 2 million members. CareSource administers
one of the largest Medicaid managed care plans in the U.S. The
organization offers health insurance, including Medicaid, Health
Insurance Marketplace and Medicare products. As a mission-driven
organization, CareSource is transforming health care with
innovative programs that address the social determinants of health,
health equity, prevention and access to care.
For more information, visit us at www.caresource.com, or follow
us on X, formerly known as Twitter, LinkedIn or Facebook.
About Community Care Inc.
Community Care Inc., headquartered in Brookfield, Wis., is a
private nonprofit organization that serves the long-term care and
health needs of more than 15,000 older adults and adults with
physical or intellectual disabilities. Founded in 1977, Community
Care is the only Wisconsin managed care organization to offer all
three programs of Family Care, Family Care Partnership, and Program
of All-Inclusive Care for the Elderly (PACE).
For more information, visit CommunityCareInc.org and follow on
Facebook or LinkedIn.
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Joseph Kelley
CareSource
5135098466
joseph.kelley@caresource.com