EmblemHealth is set on hoisting high the banner of good health care insurance 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.
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 enables groups and individuals to choose from a variety of PPO, EPO and HMO plans, as well as coverage for prescription drugs and dental and vision care. Its members can also make use of acute care hospitals and physicians with hospitals across all 50 US states.
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.
Collaborating with Wellthie, a health care technology company that offers software that helps simplify health insurance, that year the company launch the Affordable Care Advisor for Business.
In 2013 the company launched AdvantageCare Physicians, one of the largest group practices in the New York metropolitan area. The physician-led practice has more than 400 primary care physicians and specialists in 38 locations.
Group Health Incorporated (GHI) and the Health Insurance Plan of Greater New York (HIP) joined together under the EmblemHealth banner in 2006.
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.