Peach State Health Plan and the Centene Foundation Announce $2.2 Million Commitment to Augusta University

Rhea-AI Summary

Peach State Health Plan, a subsidiary of Centene Corporation, and the Centene Foundation have announced a $2.2 million funding commitment to Augusta University. This funding will support the expansion of the University's Medical College of Georgia 3+ Primary Care Pathway Program and the launch of a new loan forgiveness program for dental students who commit to practicing in rural and underserved areas of Georgia. The collaboration aims to address the ongoing shortages of physicians and dentists in rural areas of the state, as per the 2022 Georgia Board of Health Care Workforce Report.

Health Policy Analyst

The $2.2 million funding by Peach State Health Plan and the Centene Foundation to Augusta University signifies a strategic investment in healthcare workforce development, specifically targeting rural healthcare shortages. By expanding the Medical College of Georgia's 3+ Primary Care Pathway Program and introducing a loan forgiveness initiative for dental students, this funding aligns with broader public health objectives to enhance access to care in underserved regions.

From a policy perspective, these programs are poised to create a more equitable distribution of healthcare providers, which is critical given the dire statistics highlighted in the Georgia Board of Health Care Workforce reports. The anticipated increase in the number of practicing physicians and dentists in rural areas could alleviate the strain on existing healthcare systems, potentially reducing wait times and improving health outcomes.

However, the long-term success of such initiatives depends on the retention of these healthcare professionals in rural areas post-commitment period. It is essential to monitor the effectiveness of these incentive-based programs in not only attracting but also retaining talent in these communities.

Healthcare Financial Analyst

From a financial standpoint, the investment by Peach State Health Plan and Centene Foundation can be viewed as a strategic move to mitigate future healthcare costs associated with provider shortages. By addressing the supply side of healthcare provision, Centene Corporation may be positioning itself to reduce expenses related to out-of-network care and emergency services, which are typically higher in areas with provider deficits.

The loan forgiveness program for dental students is particularly noteworthy as it represents a direct effort to address the financial barriers that often deter new graduates from practicing in rural areas. This could lead to a more sustainable model for healthcare delivery in these regions, potentially benefiting Centene's bottom line through a reduction in long-term healthcare delivery costs and an increase in network adequacy.

Investors and stakeholders should consider the potential for such programs to enhance the company's reputation and brand loyalty among consumers, which could have positive implications for customer acquisition and retention.

Healthcare Market Analyst

The initiative by Peach State Health Plan to fund physician and dentist placement in rural Georgia reflects a growing trend in the healthcare industry to address market inefficiencies through targeted education and incentive programs. By analyzing the market impact, one can expect an increase in healthcare service availability in previously underserved areas, which may lead to a more competitive market landscape in rural healthcare.

Moreover, the introduction of such programs is likely to influence the healthcare labor market, with potential shifts in the distribution of healthcare professionals across the state. This shift could prompt other healthcare organizations to adopt similar strategies, creating a ripple effect that may reshape the rural healthcare market dynamics.

It's also important to consider the implications for healthcare education, as programs like the MCG 3+ Primary Care Pathway Program could set a precedent for other universities and colleges to follow, thereby influencing the supply of healthcare professionals on a broader scale.

Funding will support expansion of programs that work to place physicians and dentists in rural parts of Georgia

ATLANTA, Jan. 24, 2024 /PRNewswire/ -- Today, Peach State Health Plan, a care management organization that serves the needs of Georgians through a range of health insurance solutions and a wholly owned subsidiary of Centene Corporation (NYSE: CNC), and the Centene Foundation, the philanthropic arm of Centene Corporation, announced a $2.2 million funding commitment to Augusta University (AU). The funding will facilitate the expansion of the University's Medical College of Georgia (MCG) 3+ Primary Care Pathway Program (MCG 3+ Program), as well as support the launch of a new loan forgiveness program for the university's Dental College of Georgia (DCG) students who commit to five years of practice in rural and underserved areas. This commitment builds on an existing relationship with AU and is another example of the work underway to approach challenges that result from provider shortages in rural areas of the state.

Peach State Health Plan and the Centene Foundation played a critical role in the launch of the MCG 3+ Program, with an initial $5.2 million investment in 2021.The program, now in its third year, is a critical element in efforts to combat the rural physician shortage by placing doctors where they are needed most in Georgia. The new loan forgiveness program will offer dental students – who agree to practice in rural, underserved Georgia counties after completing their dental training – with financial support for tuition. $200,000 will fund the development of this program. 

"Our collaborative efforts with Augusta University – and its MCG and DCG – are shining examples of how public-private partnerships provide long-term solutions to complex healthcare shortages in rural areas," said Centene's Chief Growth Officer and Plan President and Chief Executive Officer of Peach State Health Plan, Wade Rakes. "We are proud of the progress being made by the MCG 3+ Primary Care Pathway Program, which graduated its first cohort of medical students in May 2023. Peach State Health Plan is confident that a similar program at the Dental College of Georgia will share the same success."

According to the 2022 Georgia Board of Health Care Workforce Report on Rural Physicians, ongoing shortages of physicians and health care specialists in rural areas of Georgia have resulted in serious gaps in access to quality health care. In 2022, the Georgia Board of Health Care Workforce's Annual Dentist Workforce Report found that there were 22 counties in Georgia with no practicing dentist, while the Georgia Department of Community Health found that 127 counties in Georgia are experiencing at least partial shortages in dental care.

"Augusta University, our MCG, and now our DCG, are proud to partner with Peach State Health plan to expand and create programs that are working to place physicians and dentists in areas of Georgia where they are needed most," said Brooks A. Keel, PhD, president of Augusta University. "Our MCG 3+ Primary Care Pathway Program has been a tremendous success, and with this additional investment, we are closer to establishing a fund that will work in perpetuity. We look forward to seeing the same success with a similar program at our DCG."

"The DCG's new partnerships with Peach State Health Plan and the rural dentistry program is an innovative milestone in making sure our new dentists are financially capable of opening new practices in rural areas of the state," said Nancy Young, DMD, MED, dean of the DCG at Augusta University. "As Georgia's only dental school, we are constantly working to make sure the dentists we train are prepared to serve residents in all parts of Georgia. This new program will help us do that."

About Medical College of Georgia (MCG)
The Medical College of Georgia at Augusta University is one of the nation's largest medical schools by class size, with 264 students per class. The educational experience is anchored by the main campus in Augusta, regional clinical campuses for third- and fourth-year students across the state and a second four-year campus in Athens in partnership with the University of Georgia. MCG's expanding partnerships with physicians and hospitals across Georgia currently provides about 350 sites where students can experience the full spectrum of medicine, from complex care hospitals to small-town solo practices. MCG and its teaching hospitals also provide postgraduate education to more than 500 residents and fellows in more than 50 different Accreditation Council for Graduate Medical Education-approved programs.

About the Dental College of Georgia (DCG)
The Dental College of Georgia at Augusta University is committed to growing in its purpose of teaching, patient care, research, and service. Since inception, we have graduated nearly 2,500 dentists who are now providing oral healthcare in Georgia and around the world. Established in 1969, the DCG is the state's sole dental college now providing education and training for more than 300 dental students and approximately 60 residents per year. In addition to offering a high-quality education in our state-of-the-art facilities, we provide care to nearly 50,000 patients each year, some traveling across the state or more to be treated by our students, residents, and faculty.

About Peach State Health Plan (PSHP)
Peach State Health Plan is a care management organization that serves the needs of Georgians through a range of health insurance solutions. Peach State Health Plan serves the Medicaid and PeachCare for Kids® population in partnership with Georgia Families. The organization also focuses on under-insured and uninsured individuals through its federal insurance marketplace plan, Ambetter, and its Medicare Advantage Special Needs Plan. Peach State Health Plan is a wholly owned subsidiary of Centene Corporation, a leading healthcare enterprise committed to helping people live healthier lives. For more information visit www.pshpgeorgia.com.

 

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SOURCE Peach State Health Plan

FAQ

What is the funding commitment announced by Peach State Health Plan and the Centene Foundation?

Peach State Health Plan and the Centene Foundation have announced a $2.2 million funding commitment to Augusta University.

What will the funding support at Augusta University?

The funding will support the expansion of the University's Medical College of Georgia 3+ Primary Care Pathway Program and the launch of a new loan forgiveness program for dental students.

What is the purpose of the MCG 3+ Primary Care Pathway Program?

The MCG 3+ Primary Care Pathway Program aims to combat the rural physician shortage by placing doctors in rural areas of Georgia.

What does the new loan forgiveness program for dental students involve?

The new loan forgiveness program will offer financial support for tuition to dental students who agree to practice in rural, underserved Georgia counties after completing their dental training.

What are the findings of the 2022 Georgia Board of Health Care Workforce Report on Rural Physicians?

According to the 2022 Georgia Board of Health Care Workforce Report, ongoing shortages of physicians and health care specialists in rural areas of Georgia have resulted in serious gaps in access to quality health care.

How many counties in Georgia were found to have no practicing dentist according to the 2022 Georgia Board of Health Care Workforce's Annual Dentist Workforce Report?

The 2022 Georgia Board of Health Care Workforce's Annual Dentist Workforce Report found that there were 22 counties in Georgia with no practicing dentist.