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PacificSource Legacy Finalize Partnership

Tuesday, September 6, 2016   (0 Comments)
Posted by: Elizabeth Peters
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PacificSource Health Plans and Legacy Health have finalized a partnership. The two organizations initially signed a Letter of Intent in late 2015 to pursue a partnership, and with the agreement finalized last week, the new alliance has formally begun. Additionally, in January 2017 PacificSource will become the health insurance provider for Legacy Health’s 19,000 benefit-eligible employees and their families. Current PacificSource and Legacy members, patients, employees, and partners will notice a number of improvements and enhancements as a result of the new partnership, including increased access to care, the creation of new and unique health-plan offerings, and industry-leading stability in the marketplace. As a part of the agreement, Legacy purchased a 50 percent member interest in PacificSource and a new Board of Directors has been created. The new Board is made up of an equal combination of PacificSource and Legacy board members, as well as three independent members from the community. The new Board includes two physician appointees from PacificSource and two from Legacy. One of the independent board members, who has not yet been named, will also be a physician.

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