RANDOLPH COUNTY, N.C. — Randolph Hospital has signed a contract to join the North Carolina State Health Plan Network.
“Randolph Hospital is a premier facility committed to top-quality health care throughout their community,” State Treasurer Dale R. Folwell said. “We know they are the perfect partners to promote the health and wellness of thousands of our members in the heart of the Piedmont region.”
Randolph Hospital opened in 1932, is a 145-bed medical center serving Asheboro and the Randolph County area.
The hospital offers inpatient and outpatient services, including maternity, emergency, home health, intensive care, medical/surgical, rehabilitation and wellness. Services also include cancer, pulmonary and cardiac care, a diabetes center and sports medicine.
“Randolph Health continues work on creating a viable path forward to ensuring local health care,” the hospital said in a news release. “We continue to work collaboratively with state and local elected officials and other health care partners. Randolph Health continues to make financial gains and in the last 12 months we have improved our operating margin by $7 million. Our goal is to preserve high-quality health care in the Randolph County community. Tonight we are providing an update to our partners, including Cone Health, our management services partner, on our status and the next foreseeable steps needed to create an innovative model of care for our community. ”
The North Carolina State Health Plan Network is a state health care provider for teachers, current and former lawmakers, state university and community college personnel, active and retired state employees and their dependents.
The plan reimburses health care providers for their services at Medicare rates plus an average of 82%.
“By providing higher reimbursement rates to the hospital, the State Health Plan is doing its part to provide accessible and affordable health care to state employees and retirees, as well as help financially sustain the hospital,” the Department of State Treasurer said in a news release.
North Carolina State Health Plan Network is a result of the Clear Pricing Project which was announced in 2018.