August 23, 2014 3:55 AM ET

Healthcare Providers and Services

Company Overview of Fallon Community Health Plan, Inc.

Company Overview

Fallon Community Health Plan, Inc., a health plan provider network, offers health insurance plans and healthcare services in Massachusetts. The company’s insurance and self-insurance product portfolio includes various group and non-group health plan options, such as HMO, POS, and PPO, as well as Medicaid and Medicare advantage plans that feature flexible benefit designs. It also provides plans through the Commonwealth Choice and Commonwealth Care programs; and offers NaviCare HMO, a senior care options product for people aged 65 and over who are enrolled in MassHealth Standard. In addition, the company’s provider networks offer coordinated care and give its members access to physicians and h...

10 Chestnut Street

Worcester, MA 01608

United States

Founded in 1977





Key Executives for Fallon Community Health Plan, Inc.

Chief Executive Officer
Chief Financial Officer and Executive Vice President
Chief Operations Officer
President of Senior Care Services & Government Programs and Chief Compliance Officer
Chief Information Officer and Vice President
Compensation as of Fiscal Year 2014.

Fallon Community Health Plan, Inc. Key Developments

Fallon Health Announces Earnings Results for the First Quarter That Ended March 31, 2014

Fallon Health announced earnings results for the first quarter that ended March 31, 2014. For the quarter, the company reported net loss of $1.5 million on revenue of $295 million on a GAAP basis. Net loss includes investment and other income of $1.5 million and operating loss of 3.0 million. For the same quarter last year, Fallon posted a net loss of $0.2 million on revenue of $307 million. The net loss included investment income of $2.6 million and an operating loss of $2.8 million.

Fallon Community Health Plan Appoints Sarika Aggarwal as Executive Vice President and Chief Medical Officer

Fallon Community Health Plan announced the appointment of Sarika Aggarwal M.D. to Executive Vice President and Chief Medical Officer. In this role, Dr. Aggarwal will ensure the appropriateness, quality and cost-effectiveness of the health care services received by all the company members. Prior to joining the company, Aggarwal was the medical director in the office of Clinical Integration at UMass Memorial Health Care and an assistant professor of medicine at UMass Medical School.

Fallon Community Health Plan Announces Earnings Results for the Third Quarter Ended September 30, 2013

Fallon Community Health Plan announced earnings results for the third quarter ended September 30, 2013. For the quarter, the company reported $5.4 million in net income on revenue of $316 million. Operations accounted for $1.6 million of the profit, plus $3.8 million in investment income.

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