Inova’s joint venture with Aetna is leaving Virginia’s health insurance exchange in 2018 to reduce financial losses, despite broader earnings growth at the healthcare system. The move follows sustained underperformance in the marketplace segment, impacting overall profitability.
Innovation Health operates as a jointly owned health plan by Inova and Aetna, serving over 172,000 members in Northern Virginia. The company launched in October 2013 under an exclusive partnership between the two organizations. David Notari, previously Aetna’s national head of distribution for small group and individual business, leads the company as CEO.
Innovation Health secures regulatory approval to provide health insurance plans in Virginia. The move expands the company’s footprint into the state’s individual and small-group markets. Innovation Health operates as a joint venture between **Bon Secours Mercy Health** and **WellPoint**, serving over 1.3 million members across multiple states.
Aetna Inc. and Inova Health System are launching a jointly owned health insurance company. The partnership aims to strengthen their market position amid shifting healthcare industry dynamics. Both organizations seek to expand their service offerings beyond traditional hospital operations.