QMed Inc. says it will drop special needs plans it has set up for Medicare beneficiaries in New Jersey.
QMed, Eatontown, N.J., a company that has developed disease management programs and pilot project health plans aimed at Medicare and Medicaid beneficiaries with health problems, says it will work with federal officials and New Jersey officials to wind down the operations of the New Jersey special needs plans in an orderly fashion.
During the third quarter, the QMed special needs plan in New Jersey was providing health coverage for about 290 Medicare beneficiaries with diabetes, cardiovascular disease or a history of stroke, the company reported earlier this year.
QMed also has been providing special needs plan coverage for more than 3,000 Medicare beneficiaries in South Dakota.
