BCBS of New Jersey spins off behavioral health company

Horizon Blue Cross Blue Shield of New Jersey is spinning off a new behavioral health company.

NovaWell is intended to fully integrate behavioral and physical health, the company said Nov. 14. Its four core offerings are aimed at improving behavioral Health Effectiveness Data and Information Set measures, reducing the cost of care, expanding network access and lowering inpatient and emergency department utilization.

NovaWell also aims to help health plans improve their networks through its NovaNetworks offering, the company said.

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