Horizon Blue Cross Blue Shield of New Jersey (BCBSNJ) with Hackensack Meridian Health (HMH) and RWJBarnabas Health are forming Braven Health, a new payer-provider organization-owned Medicare Advantage plan. The new plan will be jointly operated by Horizon and HMH. The partnership with RWJBarnabas will begin after approval by the New Jersey Department of Banking & Insurance. Braven Health will initially serve beneficiaries in eight of the state’s 21 counties: Bergen, Essex, Hudson, Middlesex, Monmouth, Ocean, Passaic, and Union. Enrollment will begin October 15, 2020, for a January 1, 2021, effective date.

Braven Health plans will use Horizon . . .

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Merger & Acquisitions

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