EmblemHealth is set on being the mark of good health in the Northeast. The not-for-profit company provides health insurance through subsidiaries Group Health Incorporated (GHI) and the Health Insurance Plan of Greater New York (HIP). Collectively, the two health insurers cover some 3.4 million New Yorkers, primarily state government and New York City employees. The two companies cover upwards of 90% of Big Apple city workers and retirees. Both provide a variety of managed health plans to their members, including prescription drug and dental coverage, and Medicare plans. GHI and HIP joined together under the EmblemHealth banner in 2006.
Along with its operations in New York, EmblemHealth offers health coverage in Connecticut and western Massachusetts through ConnectiCare, which has about a quarter of a million members.
EmblemHealth works to expand its facilities and the services it offers. In 2014 it opened a fourth clinic, EmblemHealth Neighborhood Care at Hudson Guild and launched its telehealth tool that allows patients to have remote access (by phone and video chat) to specialists.
Following the 2006 merger, EmblemHealth began exploring the possibility of going public. (Under state law governing for-profit conversions, the company's stock would at first belong to the state, which would reap the benefits of the initial stock sale. Going public could potentially give the insurer easier access to capital, which it believes would enhance its ability to compete against large national insurers.) However, concerns raised by the city of New York and some health care activists and unfavorable market conditions stalled the long-talked about IPO.
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