Health Plan of San Mateo

Health Plan of San Mateo is a local, non-profit managed care health plan serving San Mateo County, California. It administers public-sector health coverage programs including Medi-Cal, a Medicare-Medicaid dual-eligible plan called CareAdvantage, the San Mateo County ACE Program, and HealthWorx. The organization focuses on healthcare coverage, care coordination, provider network management, dental integration, and community-based support services rather than developing therapeutics. HPSM also participates in California's CalAIM initiatives and offers integrated medical, mental health, dental and social support programs for vulnerable and underserved populations. For a biotech or life sciences analyst, HPSM is best understood as a regional healthcare payer and delivery-enablement organization, not a drug developer.