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Passport Health Plan

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uuid0027noy

Namestring
Passport Health Plan
Legal namestring
Molina Healthcare, Inc.
Company typeenum
Public
Founded yearint
1997
Descriptiontext

Passport Health Plan is a Kentucky-based managed care organization founded in 1997, originally structured as a local nonprofit administering Medicaid benefits. In 2021 the company was acquired by Molina Healthcare, Inc. (NYSE: MOH) and now operates as the regional brand "Passport by Molina Healthcare." Its core business is administering government-sponsored health insurance products for Kentucky residents, with a portfolio that includes Medicaid managed care, Medicare Advantage (Passport Medicare), and Affordable Care Act Marketplace plans. The customer base comprises individual Medicaid and Medicare beneficiaries in Kentucky, the healthcare providers who serve them, and to a lesser extent ACA Marketplace enrollees.

The company's product and technology stack is anchored by a member-facing digital ecosystem (the MyMolina mobile app and a secure member portal) and a provider-facing administrative portal powered by Availity. Passport integrates a layered set of third-party services to deliver its benefits: MedImpact for pharmacy benefit management and claims processing, Teladoc for virtual behavioral health and therapy, Sapphire Three Sixty Five for provider directory/search, PsychHub for behavioral health education content, TruConnect for free smartphones and wireless service under the FCC Lifeline program, Vidizmo for member education video, and an internally branded Molina Help Finder community resource directory. The architecture is essentially a managed care administrative platform with digital member engagement layers rather than a proprietary technology product.

Revenue is generated through capitated premiums paid by the Kentucky state Medicaid agency, Medicare Advantage premiums from CMS, and ACA Marketplace premiums, all on subscription/recurring monthly billing cycles. Pricing is regulated by federal and state program rules, with Medicaid members typically paying $0 premiums based on income eligibility. Go-to-market is direct-to-consumer: Kentucky residents enroll through the Passport/Molina website, member services phone lines, the Inside Passport Advocates broker/advocate channel, and provider referrals. Healthcare professionals are reached separately through the Availity provider portal for credentialing, claims submission, prior authorizations, and care coordination. The firm employs 501-1,000 people and is headquartered in Louisville, Kentucky.

Short descriptiontext

Passport by Molina Healthcare is a Kentucky-based managed care organization administering Medicaid, Medicare Advantage, and ACA Marketplace health plans for state residents. Founded in 1997 and acquired by Molina Healthcare (NYSE: MOH) in 2021, it operates as a regional brand within a publicly traded parent.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersLouisville, United States
HQ citystring
Louisville
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
Medicaid managed care, Medicare Advantage plans, health insurance administration, Marketplace ACA plans, Kentucky health plan
NAICS code2 codes
  • Direct Health and Medical Insurance Carriers524114
  • Direct Life, Health, and Medical Insurance Carriers52411
SIC code2 codes
  • Hospital & Medical Service Plans6324
  • Accident & Health Insurance6321
Product category
Managed Care Health Insurance
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Medicaid Premiums
TypeSubscription Recurring
Description

Capitated premiums received from state government for managing Medicaid member healthcare coverage

molinahealthcare.com
2Medicare Premiums
TypeSubscription Recurring
Description

Premiums from Medicare Advantage plans for Medicare-eligible members in Kentucky

molinahealthcare.com
3Marketplace/Exchange Premiums
TypeSubscription Recurring
Description

Premium revenue from Affordable Care Act marketplace plan enrollments

molinahealthcare.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Pricing details3 tiers
1Medicaid plans with $0 premiums for eligible low-income members
ModelSubscriptionBilling cadenceMonthly
Notes

Medicaid members may pay $0 premiums based on income eligibility. Additional benefits available at no cost.

molinahealthcare.com
2Medicare Advantage plans with potential $0 premiums
ModelSubscriptionBilling cadenceMonthly
Notes

Medicare members may have $0 or low-cost premiums with additional benefits beyond Original Medicare.

molinahealthcare.com
3Marketplace ACA plans with subsidized premiums
ModelSubscriptionBilling cadenceMonthly
Notes

Marketplace plans with income-based premium subsidies through the Affordable Care Act.

molinahealthcare.com
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 3 records shown
1My Molina
Description

Mobile application for members to access their health plan benefits, view health records, change doctors, and request ID cards.

molinahealthcare.com
+2 more records
Core offering1 text field

Passport by Molina Healthcare administers government-sponsored health insurance plans for Kentucky residents, including Medicaid managed care, Medicare Advantage, and ACA Marketplace plans. The company delivers coordinated medical, behavioral health, pharmacy, and community support services through a network of in-state providers, complemented by digital self-service tools. It operates as a regional brand under publicly-traded Molina Healthcare, Inc.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Passport by Molina Healthcare operates as a multi-product health insurance company offering Medicaid, Medicare, and Marketplace health plans exclusively in Kentucky. The company provides a unified portfolio anchored by its core Medicaid managed care plan and Passport Medicare Advantage plan, supplemented by ACA marketplace offerings. Digital member engagement is facilitated through the MyMolina mobile app and secure member portal, while healthcare providers access administrative functions through the Availity provider portal. The product ecosystem includes integrated pharmacy benefit management through MedImpact, telehealth services via Teladoc, community resource assistance through Molina Help Finder, and behavioral health support including crisis lines and PsychHub educational content. The overall architecture combines traditional health insurance products with digital-first service delivery to serve Medicaid recipients, Medicare beneficiaries, and Marketplace enrollees across Kentucky.

Product and service8 records
1Passport Medicaid Plan
CategoryMedicaid Managed Care
Description

Kentucky Medicaid managed care plan providing comprehensive health coverage for eligible low-income individuals and families, including doctor visits, hospital care, and preventive services.

2Passport Medicare Plan
CategoryMedicare Advantage
Description

Medicare Advantage plan offering additional benefits beyond Original Medicare, including enhanced coverage, prescription drugs, and wellness programs for Kentucky seniors and eligible individuals.

3Marketplace Health Plans
CategoryACA Marketplace Insurance
Description

Affordable Care Act marketplace health insurance plans available through Molina Marketplace, providing coverage options for individuals and families not qualifying for Medicaid or Medicare.

4MyMolina Mobile App
CategoryDigital Member Self-Service
Description

Mobile application enabling members to access health records, manage benefits, find providers, request ID cards, and connect with customer service on the go.

5Member Portal
CategoryDigital Member Self-Service
Description

Secure online portal allowing members to view coverage details, check claims, access health records, change primary care providers, and manage account settings.

6Provider Portal (Availity)
CategoryProvider Administration
Description

Provider-facing portal enabling health care professionals to verify member eligibility, submit prior authorizations, check claims status, and coordinate patient care.

7Molina Help Finder
CategorySocial Determinants of Health
Description

Community resource directory helping members find low- and no-cost social services, community programs, and support resources in their local area.

8Telehealth Services (Teladoc)
CategoryTelehealth
Description

Virtual healthcare consultation services connecting members with doctors and therapists via video or phone for non-emergency medical concerns and behavioral health support.

Partnership6 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

TruConnect provides free Android smartphones and wireless service to eligible Passport members through the FCC Lifeline program. This partnership addresses social determinants of health by ensuring members have connectivity for telehealth visits, pharmacy access, and emergency services.

Strategic tierCoreTypeTechnology or Integration
Description

MedImpact provides pharmacy benefit management services including the MedImpact Rx portal and mobile app. Handles pharmacy claims processing, prior authorizations for medications, and diabetic supply management for Passport members.

Strategic tierSupportingTypeTechnology or Integration
Description

PsychHub provides an online library of behavioral health educational videos for Passport members. Topics include addiction, anxiety, eating disorders, and insomnia, complementing the Teladoc therapy services.

Strategic tierSupportingTypeTechnology or Integration
Description

Provider search platform enabling members to find doctors, hospitals, and pharmacies within the Passport provider network at passport.sapphirethreesixtyfive.com.

Strategic tierCoreTypeTechnology or Integration
Description

Availity provides the provider portal for health care professionals to verify member eligibility, submit claims, check prior authorization status, and manage administrative tasks.

Strategic tierSupportingTypeTechnology or Integration
Description

Teladoc provides virtual behavioral health therapy services allowing members to connect with licensed therapists remotely via video or phone consultations.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Parent company of Passport; operates Medicaid, Medicare, and Marketplace plans across 20+ states. The parent organization itself competes with other national MCOs and provides the operational backbone and capital for Passport.

TypeDirect peer
Description

CVS Health-owned Medicaid MCO operating in Kentucky with similar government-sponsored plan portfolio (Medicaid focus). Competes directly for Kentucky Medicaid procurement contracts and members.

TypeDirect peer
Description

Centene-owned Medicaid health plan operating in Kentucky, providing directly comparable government-sponsored insurance products and competing for state contracts.

TypeBroad incumbent
Description

Largest US Medicaid managed care company by membership. Competes with Molina/Passport across multiple states with comparable government-sponsored insurance focus and scale advantages.

TypeBroad incumbent
Description

National managed care conglomerate operating Blue Cross Blue Shield plans across multiple states including Kentucky. A broader incumbent offering Medicaid, Medicare, and commercial products at national scale.

TypeDirect peer
Description

UnitedHealthcare's Medicaid managed care plan in Kentucky directly competes with Passport across Medicaid, Medicare Advantage, and Dual Special Needs Plans in the same geography.

TypeDirect peer
Description

A major competitor in the Kentucky Medicaid managed care market through its Anthem Kentucky Medicaid plan. Offers comparable Medicaid, Medicare Advantage, and individual coverage in Kentucky, competing head-to-head for state contracts and members.

TypeBroad incumbent
Description

Large nonprofit Blue Cross Blue Shield plan operator with expanding government programs business. Comparable to Molina in its diversification across Medicaid, Medicare, and individual market plans.

TypeDirect peer
Description

Humana's Kentucky Medicaid managed care plan directly competes with Passport for state Medicaid contracts and members. Strong Medicare Advantage overlap makes it a multi-product competitor in the same Kentucky geography.

TypeDirect peer
Description

Nonprofit managed care plan with Kentucky Medicaid operations, directly competing for the same government contracts and member populations as Passport.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration8 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Passport Health Plan

Managed Care Health Insurancepassporthealthplan.com

Passport by Molina Healthcare is a Kentucky-based managed care organization administering Medicaid, Medicare Advantage, and ACA Marketplace health plans for state residents. Founded in 1997 and acquired by Molina Healthcare (NYSE: MOH) in 2021, it operates as a regional brand within a publicly traded parent.

What Passport Health Plan does

Passport Health Plan is a Kentucky-based managed care organization founded in 1997, originally structured as a local nonprofit administering Medicaid benefits. In 2021 the company was acquired by Molina Healthcare, Inc. (NYSE: MOH) and now operates as the regional brand "Passport by Molina Healthcare." Its core business is administering government-sponsored health insurance products for Kentucky residents, with a portfolio that includes Medicaid managed care, Medicare Advantage (Passport Medicare), and Affordable Care Act Marketplace plans. The customer base comprises individual Medicaid and Medicare beneficiaries in Kentucky, the healthcare providers who serve them, and to a lesser extent ACA Marketplace enrollees.

The company's product and technology stack is anchored by a member-facing digital ecosystem (the MyMolina mobile app and a secure member portal) and a provider-facing administrative portal powered by Availity. Passport integrates a layered set of third-party services to deliver its benefits: MedImpact for pharmacy benefit management and claims processing, Teladoc for virtual behavioral health and therapy, Sapphire Three Sixty Five for provider directory/search, PsychHub for behavioral health education content, TruConnect for free smartphones and wireless service under the FCC Lifeline program, Vidizmo for member education video, and an internally branded Molina Help Finder community resource directory. The architecture is essentially a managed care administrative platform with digital member engagement layers rather than a proprietary technology product.

Revenue is generated through capitated premiums paid by the Kentucky state Medicaid agency, Medicare Advantage premiums from CMS, and ACA Marketplace premiums, all on subscription/recurring monthly billing cycles. Pricing is regulated by federal and state program rules, with Medicaid members typically paying $0 premiums based on income eligibility. Go-to-market is direct-to-consumer: Kentucky residents enroll through the Passport/Molina website, member services phone lines, the Inside Passport Advocates broker/advocate channel, and provider referrals. Healthcare professionals are reached separately through the Availity provider portal for credentialing, claims submission, prior authorizations, and care coordination. The firm employs 501-1,000 people and is headquartered in Louisville, Kentucky.

Passport Health Plan firmographics

Firmographics
Name
Passport Health Plan
Legal name
Molina Healthcare, Inc.
Website
https://passporthealthplan.com
Company type
Public
Founded year
1997
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Passport by Molina Healthcare is a Kentucky-based managed care organization administering Medicaid, Medicare Advantage, and ACA Marketplace health plans for state residents. Founded in 1997 and acquired by Molina Healthcare (NYSE: MOH) in 2021, it operates as a regional brand within a publicly traded parent.
Ownership category
akta.pro rank

Where Passport Health Plan is headquartered

Location

Headquarters

HQ city
Louisville
HQ country
United States
HQ region
North America

Markets served

Passport Health Plan business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Medicaid Premiums: Capitated premiums received from state government for managing Medicaid member healthcare coverage
  2. Medicare Premiums: Premiums from Medicare Advantage plans for Medicare-eligible members in Kentucky
  3. Marketplace/Exchange Premiums: Premium revenue from Affordable Care Act marketplace plan enrollments

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyMedicaid plans with $0 premiums for eligible low-income members
SubscriptionMonthlyMedicare Advantage plans with potential $0 premiums
SubscriptionMonthlyMarketplace ACA plans with subsidized premiums

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Passport Health Plan product offering

Product offering

Core offering

Passport by Molina Healthcare administers government-sponsored health insurance plans for Kentucky residents, including Medicaid managed care, Medicare Advantage, and ACA Marketplace plans. The company delivers coordinated medical, behavioral health, pharmacy, and community support services through a network of in-state providers, complemented by digital self-service tools. It operates as a regional brand under publicly-traded Molina Healthcare, Inc.

Product overview

Passport by Molina Healthcare operates as a multi-product health insurance company offering Medicaid, Medicare, and Marketplace health plans exclusively in Kentucky. The company provides a unified portfolio anchored by its core Medicaid managed care plan and Passport Medicare Advantage plan, supplemented by ACA marketplace offerings. Digital member engagement is facilitated through the MyMolina mobile app and secure member portal, while healthcare providers access administrative functions through the Availity provider portal. The product ecosystem includes integrated pharmacy benefit management through MedImpact, telehealth services via Teladoc, community resource assistance through Molina Help Finder, and behavioral health support including crisis lines and PsychHub educational content. The overall architecture combines traditional health insurance products with digital-first service delivery to serve Medicaid recipients, Medicare beneficiaries, and Marketplace enrollees across Kentucky.

Differentiator

Problem solved

Functional benefit

Brands

  • My Molina: Mobile application for members to access their health plan benefits, view health records, change doctors, and request ID cards.
  • Passport Medicare
  • Molina Help Finder

Products and services

  • Passport Medicaid Plan Kentucky Medicaid managed care plan providing comprehensive health coverage for eligible low-income individuals and families, including doctor visits, hospital care, and preventive services.
  • Passport Medicare Plan Medicare Advantage plan offering additional benefits beyond Original Medicare, including enhanced coverage, prescription drugs, and wellness programs for Kentucky seniors and eligible individuals.
  • Marketplace Health Plans Affordable Care Act marketplace health insurance plans available through Molina Marketplace, providing coverage options for individuals and families not qualifying for Medicaid or Medicare.
  • MyMolina Mobile App Mobile application enabling members to access health records, manage benefits, find providers, request ID cards, and connect with customer service on the go.
  • Member Portal Secure online portal allowing members to view coverage details, check claims, access health records, change primary care providers, and manage account settings.
  • Provider Portal (Availity) Provider-facing portal enabling health care professionals to verify member eligibility, submit prior authorizations, check claims status, and coordinate patient care.
  • Molina Help Finder Community resource directory helping members find low- and no-cost social services, community programs, and support resources in their local area.
  • Telehealth Services (Teladoc) Virtual healthcare consultation services connecting members with doctors and therapists via video or phone for non-emergency medical concerns and behavioral health support.

Companies that use Passport Health Plan

Customer profile

Segments4 records

Ideal customer profiles4 records

Passport Health Plan technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration8 records

Feature3 records

Passport Health Plan partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core and supporting.

  • TruConnectcoreStrategic or Co-development PartnerTruConnect provides free Android smartphones and wireless service to eligible Passport members through the FCC Lifeline program. This partnership addresses social determinants of health by ensuring members have connectivity for telehealth visits, pharmacy access, and emergency services.
  • MedImpactcoreTechnology or IntegrationMedImpact provides pharmacy benefit management services including the MedImpact Rx portal and mobile app. Handles pharmacy claims processing, prior authorizations for medications, and diabetic supply management for Passport members.
  • PsychHubsupportingTechnology or IntegrationPsychHub provides an online library of behavioral health educational videos for Passport members. Topics include addiction, anxiety, eating disorders, and insomnia, complementing the Teladoc therapy services.
  • Sapphire Three Sixty FivesupportingTechnology or IntegrationProvider search platform enabling members to find doctors, hospitals, and pharmacies within the Passport provider network at passport.sapphirethreesixtyfive.com.
  • AvailitycoreTechnology or IntegrationAvaility provides the provider portal for health care professionals to verify member eligibility, submit claims, check prior authorization status, and manage administrative tasks.
  • Teladoc HealthsupportingTechnology or IntegrationTeladoc provides virtual behavioral health therapy services allowing members to connect with licensed therapists remotely via video or phone consultations.

Recent moves6 records

Expansion highlights4 records

Passport Health Plan competitors and assessment

Company assessment

Broad incumbents

  • Molina Healthcare: Parent company of Passport; operates Medicaid, Medicare, and Marketplace plans across 20+ states. The parent organization itself competes with other national MCOs and provides the operational backbone and capital for Passport.
  • Centene Corporation: Largest US Medicaid managed care company by membership. Competes with Molina/Passport across multiple states with comparable government-sponsored insurance focus and scale advantages.
  • Elevance Health (formerly Anthem): National managed care conglomerate operating Blue Cross Blue Shield plans across multiple states including Kentucky. A broader incumbent offering Medicaid, Medicare, and commercial products at national scale.
  • HCSC (Health Care Service Corporation): Large nonprofit Blue Cross Blue Shield plan operator with expanding government programs business. Comparable to Molina in its diversification across Medicaid, Medicare, and individual market plans.

Direct peers

  • Aetna Better Health of Kentucky: CVS Health-owned Medicaid MCO operating in Kentucky with similar government-sponsored plan portfolio (Medicaid focus). Competes directly for Kentucky Medicaid procurement contracts and members.
  • WellCare of Kentucky: Centene-owned Medicaid health plan operating in Kentucky, providing directly comparable government-sponsored insurance products and competing for state contracts.
  • UnitedHealthcare Community Plan of Kentucky: UnitedHealthcare's Medicaid managed care plan in Kentucky directly competes with Passport across Medicaid, Medicare Advantage, and Dual Special Needs Plans in the same geography.
  • Anthem Blue Cross and Blue Shield Kentucky: A major competitor in the Kentucky Medicaid managed care market through its Anthem Kentucky Medicaid plan. Offers comparable Medicaid, Medicare Advantage, and individual coverage in Kentucky, competing head-to-head for state contracts and members.
  • Humana Healthy Horizons in Kentucky: Humana's Kentucky Medicaid managed care plan directly competes with Passport for state Medicaid contracts and members. Strong Medicare Advantage overlap makes it a multi-product competitor in the same Kentucky geography.
  • CareSource Kentucky: Nonprofit managed care plan with Kentucky Medicaid operations, directly competing for the same government contracts and member populations as Passport.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Passport Health Plan social profiles

Digital presence

Passport Health Plan financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Passport Health Plan leadership team

Management profile

Number of profiles

Passport Health Plan funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Passport Health Plan M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Passport Health Plan

What does Passport Health Plan do?

Passport by Molina Healthcare administers government-sponsored health insurance plans for Kentucky residents, including Medicaid managed care, Medicare Advantage, and ACA Marketplace plans. The company delivers coordinated medical, behavioral health, pharmacy, and community support services through a network of in-state providers, complemented by digital self-service tools. It operates as a regional brand under publicly-traded Molina Healthcare, Inc.

Is Passport Health Plan a public or private company?

Passport Health Plan is a public company. It is classified as corporate owned and is currently operating.

When was Passport Health Plan founded?

Passport Health Plan was founded in 1997. It employs 501 to 1,000 people.

Where is Passport Health Plan based?

Passport Health Plan is headquartered in Louisville, United States, in the North America region.

How does Passport Health Plan make money?

Three revenue lines are on record. Medicaid Premiums are the primary driver. The others are medicare Premiums and marketplace/Exchange Premiums.

Who are Passport Health Plan's main competitors?

Broad incumbents on record are Molina Healthcare, Centene Corporation, Elevance Health (formerly Anthem) and HCSC (Health Care Service Corporation). Direct peers are Aetna Better Health of Kentucky, WellCare of Kentucky, UnitedHealthcare Community Plan of Kentucky, Anthem Blue Cross and Blue Shield Kentucky, Humana Healthy Horizons in Kentucky and CareSource Kentucky.

Does Passport Health Plan have an API?

No public API is recorded for Passport Health Plan.

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Live signals
PR NewswireEvolvent (EVH) Alert: Johnson Fistel Announces Shareholder Class Action Survives Motion to Dismiss; Should Management be Held Accountable for Investors Losses?Johnson Fistel, LLP announced that a class-action lawsuit against Evolent Health, Inc. has survived, in part, a motion to dismiss in the Eastern District of Virginia. The lawsuit alleges that Evolent made false and misleading statements regarding its acquisition of Passport Health Plan, which contradicted prior statements that the company had no intention of buying health plans. Shareholders who owned Evolent shares before March 3, 2017 may have standing to join the action.PR NewswireEvolent Health Announces Agreement Between Molina Healthcare and Passport Health Plan for Molina to Acquire Certain Assets of PassportMolina Healthcare has agreed to acquire certain assets of Passport Health Plan, including its brand, operational and clinical infrastructure, provider and vendor agreements, and real estate holdings, for $20 million upfront plus up to $40 million in performance fees based on member retention. The transaction, valued at an implied total range of $150 million to $190 million including statutory capital, is subject to regulatory approval and expected to close before the end of 2020. The deal will ensure continuity of care for Passport members during the COVID-19 pandemic while securing hundreds of Kentucky-based jobs, and Evolent Health will continue providing services through year-end before entering a separate agreement to provide specialty care management services to Molina.PR NewswireEvolent Health Partner Passport Health Plan is Not Selected for Kentucky Managed Medicaid ContractEvolent Health announced that its partner, Passport Health Plan, was not awarded a Kentucky Managed Care Organization contract for the period starting January 1, 2021. Evolent Health intends to support Passport in protesting this decision, citing concerns over continuity of care for Medicaid beneficiaries during the public health crisis. The two entities remain partners until the new contracts take effect.PR NewswireEvolent Health Announces Fourth Quarter and Full Year 2019 ResultsEvolent Health reported Q4 2019 GAAP revenue of $236.5 million, up 22.5% year-over-year, and full-year 2019 GAAP revenue of $846.4 million, up 35.0% year-over-year. The company reported a net loss of $198.1 million for Q4 and $302.0 million for the full year, inclusive of a $199.8 million non-cash goodwill impairment, while Adjusted EBITDA was $8.2 million for Q4 and negative $11.0 million for the full year. The company entered seven new partnership agreements in 2019, acquired 70% of Passport Health Plan, and announced new oncology management partnerships with a national payer organization and expanded its New Century Health relationship with Humana.PR NewswireEvolent Health Expands Partnership with Passport Health Plan to Support Medicaid Beneficiaries in the Commonwealth of KentuckyEvolent Health announced it has entered into a definitive agreement to acquire a 70% ownership interest in Passport Health Plan for $70 million, forming a joint partnership with the current owners including The University of Louisville and several healthcare organizations. Evolent will expand its existing Management Services Agreement to take on additional responsibilities for day-to-day management of the health plan, including administrative, clinical and financial operations, with the amended MSA having a 10-year term. Passport Health Plan, based in Louisville, serves more than 300,000 Medicaid beneficiaries and has provided managed care services in Kentucky for over 20 years.PR NewswireEvolent Health Announces First Quarter 2017 ResultsEvolent Health announced first quarter 2017 financial results on May 9, reporting GAAP revenue of $106.2 million, a 114.8% increase year-over-year, with an adjusted EBITDA loss of $4.8 million versus a loss of $6.6 million in the prior year period. The company established new partnership agreements with Community Care Cooperative in Massachusetts and Houston Methodist in Texas, and expanded its partnership with Passport Health Plan to include third-party administration services. The company's platform now serves approximately 2.8 million lives, representing 124% growth year-over-year, and launched a Next Generation ACO cohort across six partner organizations covering approximately 0.2 million lives.PR NewswirePassport Health Plan and Evolent Health form Strategic Alliance to create Medicaid Center of Excellence in LouisvillePassport Health Plan and Evolent Health announced a strategic alliance to create The Medicaid Center of Excellence in Louisville, Kentucky, described as the first of its kind in the country. The Center will combine Passport's Medicaid managed care expertise with Evolent's technology and operations capabilities to offer centralized services for provider-led Medicaid health plans nationwide. The alliance is expected to create new jobs and generate additional tax revenue, while establishing Louisville as a center for health care innovation, with employment projected to grow substantially over the next five years.