UnitedHealthcare Selected By New Mexico Human Services Department To Serve Medicaid Members Via Turquoise Care
Portfolio Pulse from Happy Mohamed
The New Mexico Human Services Department has announced its intention to award UnitedHealthcare, a division of UnitedHealth Group (UNH), as one of four organizations to administer Turquoise Care, the state's Medicaid program. UnitedHealthcare expects its Medicaid offering to be available to members beginning July 1, 2024. The company has previously served as a state Medicaid administrator from 2013 to 2018.
August 17, 2023 | 2:01 pm
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UnitedHealthcare, a division of UnitedHealth Group, has been selected to administer New Mexico's Medicaid program. This could potentially increase the company's revenue and customer base.
Being selected to administer a state's Medicaid program is a significant development for a healthcare company. It means an increase in the number of customers and potentially higher revenues. Given UnitedHealthcare's previous experience as a state Medicaid administrator, it is likely to handle this new responsibility effectively, which could positively impact UNH's stock price.
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