WASHINGTON--(BUSINESS WIRE)--Today, Jay Rosen, founder and president of Health Management Associates (HMA), announced the signing of an agreement by which HMA will acquire SVC, a consulting firm which is owned by Seema Verma, founder and president, and recently confirmed Administrator of the Centers for Medicare & Medicaid Services (CMS).
SVC will become HMA Medicaid Market Solutions, a new subsidiary of HMA.
“We are pleased to welcome the employees of SVC to the HMA family. This immensely talented group has extensive experience working closely with state officials and others in various states, including Indiana, Iowa, Kentucky, and Ohio to design and implement innovative Medicaid solutions that advance alternatives to traditional Medicaid,” said Rosen.
Following the acquisition, the SVC staff will continue to advise and support state and federal agencies, health systems, health plans and others on efforts to create new approaches to serving Medicaid beneficiaries and other low-income and vulnerable populations, with special emphasis on approaches that will become possible in an era of expanded state flexibility.
SVC has been central to the development of several recent Medicaid waiver initiatives, often modeled on the Healthy Indiana Plan (HIP), the nation’s first consumer directed Medicaid program. These waivers include elements of personal responsibility, price- and quality-conscious healthcare consumption, and a focus on healthy lifestyles. The SVC team is experienced in all aspects of this process and has assisted their clients with everything from designing and drafting waiver documents and state plan amendments, to overseeing and guiding implementation efforts, and working with both providers and stakeholders.
Established in 2001, SVC is a national healthcare consulting company with experience specializing in supporting state governments and associated entities with Medicaid and health policy expertise.
Founded in 1985, HMA specializes in publicly funded healthcare reform, policy and programs. Clients include government, public and private providers, health systems, health plans, institutional investors, foundations and associations and is among the nation’s leading health policy and program advisory firms.
For more information about HMA, visit https://www.healthmanagement.com/.