Carehealth Plus Systems International, a health maintenance organization (HMO) is under scrutiny as reports emerge that it has been failing to provide services to its members.
As of the first quarter of the year, the HMO had P1.25 billion in assets. It generated P598.58 million in revenues while its expenses amounted to P57.96 million.
Amidst concerns over its operations, the Insurance Commission classified Carehealth’s license status as “pending,” along with three other HMOs.
Insurance Commissioner Reynaldo Regalado has issued a notice urging the public to report instances where Carehealth, or any other HMO, falls short in fulfilling its service commitments to members.
Individuals facing challenges with their HMOs are encouraged to reach out to IC through email@example.com or by contacting (Globe) 0917 116 0007, (SMART) 0999 993 0637, or (02) 8523-8461 local 103 or 127.
In addition to Carehealth, Dynamic Care Corp., Medicare Plus Inc., and Stotsenberg HealthCare Systems are among the HMOs with pending licenses.
Dynamic Care Corp. recorded assets of P25.68 million in the first quarter, with a net income of P880,752 during the same period.
Medicare Plus Inc., with total assets amounting to P103.78 million and a net income of P9.88 million, is also under the “pending” license status.
Stotsenberg Healthcare Systems, with P11.8 million in assets and no liabilities, completes the list of HMOs with licenses under review by the IC.