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Kaiser Permanente Expanding to Nevada with Renown Joint Venture

7 months ago 37

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Healthcare Innovation

Navigating the shift from volume to value in healthcare

Kaiser Permanente Nevada will pair its value-based care model with Hometown Health, the insurance arm of Renown Health

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Kaiser Permanente and Renown Health plan to jointly own and operate a health plan and outpatient care delivery system in northern Nevada beginning in 2026.  

Kaiser Permanente currently serve 12.6 million members in eight states and the District of Columbia. Its Nevada operation will pair Hometown Health, the insurance arm of Renown Health, with Kaiser Permanente’s value-based care model.

Kaiser Permanente Nevada also plans to open a multispecialty ambulatory health system with locations in central and northern Reno. Members and patients will access multispecialty care, diagnostic, pharmacy and ancillary services at these locations and at the existing Del Monte Senior Care Plus Clinic in Reno. 

Renown Health has owned and operated Hometown Health since 1988. Renown is the region’s largest, locally governed, not-for-profit academic healthcare network serving Nevada, Lake Tahoe, and northeast California. Renown said it would continue to operate as an independent nonprofit organization and health system and will continue to accept all current health insurance plans for patient care.

Oakland, Calif.-based Kaiser Permanente and Reno-based Renown Health will enter into a joint venture, with Kaiser Permanente acquiring a majority interest in Hometown Health. There are no immediate changes to Hometown Health/Senior Care Plus plans, networks or points of contact. The transaction is anticipated to close in early 2026 following required regulatory approvals. 

“Our members, employers, physicians and community members have been asking us to provide our unique offering of value-based care in Nevada for some time,” said Greg A. Adams, chair and CEO of Kaiser Permanente, in a statement. “Working with the leading healthcare provider in northern Nevada, we will now have the opportunity to care for more people, help more employers offer coverage to their employees, and in collaboration with Renown Health, improve the health of this growing community.”

About the Author

David Raths

David Raths is a Contributing Senior Editor for Healthcare Innovation, focusing on clinical informatics, learning health systems and value-based care transformation. He has been interviewing health system CIOs and CMIOs since 2006.

 Follow him on Twitter @DavidRaths

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