Shares of Clover Health (NASDAQ: CLOV) are up on Tuesday following the announcement of a strategic partnership with ValueH in Florida.
The deal will see ValueH support Accountable Care Organizations (ACOs) and Management Services Organizations (MSOs) participating in Clover’s direct contracting entity beginning in 2022.
Clover's direct contracting entity will enable providers to manage the care of their original medicare patients with the Clover Assistant.
“We are excited to partner with ValueH to help support our efforts to increase the quality of care delivered to patients while simultaneously lowering medical costs,” said Kevin Murphy, Executive Director of Clover Health Partners.
“We believe Direct Contracting has the potential to increase the growth of value-based models, specifically for the Medicare population.”
Clover's share price is up over 1% on Tuesday at $8.32.
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