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CareFirst BlueCross BlueShield Aquires Two Health Plans from the University of Maryland Medical System

CareFirst BlueCross BlueShield has acquired two health plans from the University of Maryland Medical System that signal CareFirst's re-entry into the Medicaid and Medicare Advantage markets in Maryland. "Through this partnership, we are investing in joint innovation and capabilities that will improve access, affordability and equity in the communities we collectively serve,” said Brian Pieninck, CareFirst's CEO and an EAGB Board member. According to the Baltimore Business Journal, CareFirst and UMMS will also create a health management team consisting of members from both organizations to collaborate on coordinated initiatives and investments for improving the quality and affordability of care and the patient experience.

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