Medica refers to a group
of companies held by a non-profit, tax exempt holding company called Medica
Holding Company. Its family of businesses include Medica Health Plans, Medica
Health Plans of Wisconsin, Medica Insurance Company, Medica Self-Insured and
Medica Health Management, LLC, as well as the Medica Foundation and the Medica
Research Institute.
Our Company
History Medica was founded
by physicians in 1975 as Physicians Health Plan. It was the first open-access
health plan in the state. In 1991, PHP merged with Share to become Medica. And
in 1994, Medica merged with HealthSpan to form Allina Health System, an
integrated organization offering both health care coverage and medical
services. Medica became an independent health plan in 2001.
Membership Medica provides
health coverage to 1.5 million members. Its coverage is available to
individuals, employers, third-party administrators and government programs in
Minnesota and select counties in Wisconsin, North Dakota and South Dakota.
Financials
In 2013, Medica
generated $3.3 billion in revenue. Nearly 90% of fully insured premium revenue
was used to pay health care expenses.
Health Improvement Medica offers an
integrated approach for employers and members to improve health and manage the
costs of care. Health improvement programs provide personalized solutions that
focus on the whole person, and include a comprehensive set of preventive,
fitness, employee assistance, health and wellness coaching and care
coordination programs.