Verda Healthcare, Inc. and AstranaCare Partners Form a Multi-State Partnership
Verda Healthcare, Inc. and AstranaCare Partners Form a Multi-State Partnership
Astrana Health (ASTH) subsidiaries AstranaCare Partners of Arizona and AstranaCare Partners of Texas have formed a healthcare partnership with Verda Healthcare.
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HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--
Verda Healthcare, Inc. is proud to announce a new partnership with AstranaCare Partners of Arizona and AstranaCare Partners of Texas. AstranaCare, through a large network of Independent Physician Associations (IPAs), enables providers to deliver high-quality care, efficiently with supportive local resources and technology tools that allow providers to focus more on patient care rather than administrative tasks. Astrana Health, the parent company, has over 20,000 in-network providers and manages over 1.6 million lives. This alliance extends to Arizona and Texas, signifying a significant step forward in advancing the quality and accessibility of healthcare in underserved communities across the country.
Verda Healthcare, Inc. is a Medicare Advantage (MA) Plan focusing on Pan-Asian, Hispanic, and Arab Americans living in deprived counties throughout the United States. Verda offers two plans, Verda Noble Care, an MA plan with Open Enrollment from October 15 through December 7, and Verda Noble Chronic Care, a Chronic Condition Special Needs Plan, (C-SNP) plan available year-round.
Frank Vo, President and CEO of Verda Healthcare, expressed his enthusiasm for this collaboration stating, "We’re thrilled to partner with AstranaCare Partners and especially excited to leverage Astrana’s proven experience in delivering exceptional care, with particular expertise in serving Pan-Asian and Hispanic communities. Together, we’ll be able to offer our members across Greater Houston, Texas, and Phoenix, Arizona, more culturally responsive care options.”
Jaime Melkonoff, Senior Vice President Business Development and President of AstranaCare Texas, shared her excitement about the recent partnership when she said, “Astrana’s growth in Arizona and Texas through payer partnership like the one with Verda gives our networks the ability to support additional members through these culturally focused plans. We are excited to support Verda’s vision to serve more members in a way that meets their needs beyond just medical services.”
About Verda Healthcare, Inc.
Verda Healthcare, Inc. was established in 2024 as a pioneering Medicare Advantage plan committed to innovation and patient-focused solutions. Verda aims to transform the healthcare experience for underrepresented individuals and families in diverse, ethnic communities. The firm strives for excellence and inclusivity.
Astrana Health, Inc. (NASDAQ: ASTH) is a physician-centric, technology-powered, risk-bearing healthcare company. Leveraging our proprietary end-to-end technology solutions, Astrana Health operates an integrated healthcare delivery platform that enables providers to successfully participate in value-based care arrangements. Astrana’s goal is to empower entrepreneurial providers with the tools to deliver a higher level of care to our underserved patients in a cost-effective way, which we have done successfully for 35+ years.
A legal entity formed by a group of privately practicing physicians who remain independent contractors but join together to contract collectively with health plans, hospitals, or managed‑care organizations. An independent physician association negotiates fees and payer contracts, handles administrative tasks (billing, credentialing, utilization management) and can organize care networks or risk arrangements on behalf of its members, while members retain clinical autonomy and are not employees of the IPA.
medicare advantagemedical
Medicare Advantage is a type of health insurance plan offered by private companies that covers services traditionally provided by government-run Medicare. Think of it as a bundled package that combines hospital, doctor, and other medical care into one plan, often with added benefits. For investors, it matters because the popularity and profitability of these plans can influence healthcare companies and the broader health insurance industry.
chronic condition special needs planmedical
A Chronic Condition Special Needs Plan (C-SNP) is a type of Medicare Advantage plan created under federal rules to serve Medicare beneficiaries who have one or more defined chronic conditions. C-SNPs limit enrollment to people who meet the plan’s clinical eligibility criteria, offer a benefits package and provider network tailored to managing those conditions, and include extra care coordination, disease-management services, and provider access designed to address the medical and related needs of that specific chronic-population group. Enrollment, covered benefits, and required care-management features are governed by Medicare regulations and by the plan’s approved terms, so the plan’s scope and provider choices can differ from standard Medicare Advantage plans.
