Bargain [...]. She was previously CEO of UnitedHealthcare, the largest division within UnitedHealth Group. Anthem CEO Gail Boudreaux has plans to grow the insurer's IngenioRx pharmacy benefit management company and other businesses like AIM Specialty Health, CareMore Health and HealthCore. — Connect with ThinkAdvisor Life/Health on Facebook and Twitter. Understanding Model Marketplaces & Managed Account Platforms: 17 Questions to Ask When Considering a Platform. The announcement means that Anthem will be the third major health insurer to make a CEO change in less than a year.
Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions. Newcomer Molly Gray defeats Scott Milne in Vermont lieutenant governor’s race, Thetford residents back Route 132 road bond, Biden narrowly reclaims Claremont for Democrats, Dartmouth investigating students over big parties, Election 2020 charts: Town-by-town results from the Upper Valley, Mount Sunapee ski area plan up for review, Demand drives up property values in Lebanon; citywide assessment sees average increase of 18%, Turnout falls in Hanover amid pandemic, half-empty campus. J. Mario Molina was fired from the Molina CEO post in May. Gail Boudreaux will become the next CEO of Anthem, replacing Joe Swedish. United Healthcare's president talks about how her success on the basketball court translates to success in business. Impact of high unemployment rate will be short term, study finds.
3. While at UnitedHealth, she spoke on the company’s quarterly earnings calls with securities analysts about efforts to understand, implement and cope with the effects of the Affordable Care Act. This is an uncertain situation. Anthem, the nation’s second largest health insurer, expects no change in its 2020 profit forecast despite the ongoing increase in cases of the Coronavirus strain Covid-19 hurting other industries and providers of medical care. With her industry experience, she has earned plaudits from peers and Wall Street alike; in the first two years of her tenure, the stock popped 20%.
Boudreaux, 57, served as chief executive officer of UnitedHealthcare, UnitedHealth’s health insurance unit, from January 2011 through November 2014, and as executive vice president at the parent company level from May 2008 through February 2015. The Anthem Foundation Awards announced over $53 million in grants to address critical health issues facing Americans. Gail Boudreaux. As Cormier discussed his team’s upcoming game with visiting Harvard, a wall of flying white overcame the glass behind him. Gail Koziara and Terry Boudreaux grew up in neighboring towns near Springfield, Mass., and met at a high school sports awards event. All Rights Reserved. She also has worked as president of Blue Cross and Blue Shield of Illinois, and as executive vice president at Illinois Blue’s parent, Chicago-based Health Care Service Corp. Health Care Service Corp. is the parent of the Blue Cross and Blue Shield plans in Texas, Oklahoma and New Mexico as well as in Illinois. Learn about innovative strategies advisors can use to succeed in a changing client market.
Making a Marketer: A Guide to Building Your Ultimate Marketing Plan, Advisory Firms in 2030: Growth by Specialization. “Gail is widely recognized as a very successful executive in the health care industry,” Swedish said in the statement. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Anthem’s PBM And Medicare Advantage Drive Growth Ahead Of Coronavirus Impact, Anthem Furthers ‘Whole Person’ Play By Adding Beacon’s Mental Health Services, Anthem Sees Big 2020 Medicare And Medicaid Growth, Full Court Press: Big Bets To Improve Lives | Forbes Healthcare Summit 2019, Data And Analytics Key To Health Outcomes, Anthem CEO Says, Amid Executive Shuffle, Anthem Looks To Expand Health Services, Pressure Mounts On Anthem As Rivals Spend Billions On Health Providers, Anthem's New CEO Looks To Medicare, Technology Investments For Growth, Anthem Signals Intent To Compete With Optum In Buying Providers, Anthem Turns To New CEO Familiar With Blue Cross And UnitedHealth Playbooks, Thursday 9/22 Insider Buying Report: NVAX, Pick Up This Bargain Energy Stock 4.0% Yielder Even Cheaper Than Director Boudreaux Did. In October 2011, she saw UnitedHealth saw most competitors being rational about pricing. She ended up serving as head of the Aetna group insurance unit. The layoffs are due to “economic conditions and a decline in industry sales,” a company spokesperson said. She’s lived through many different health reform efforts. With eight female CEOs among the ranks of the 2021 Just 100, America's best corporate citizens have a greater proportion of female CEOs than the S&P 500 does. It has been a privilege to lead Anthem and work with our more than 53,000 associates across the nation. As we move ahead, I look forward to working closely with Gail in this new capacity.”.
“I am confident that her depth of experience will be of great benefit to our company, our associates and our members. Back on February 15, Xcel Energy, Inc.'s Director, Gail Boudreaux, invested $49,985.96 into 1,780 shares of XEL, for a cost per share of $28.08.
Anthem CEO Gail Boudreaux is dealing with executive departures while expanding into healthcare services, forming what some are calling a "mini Optum.". By April 2013, she was saying UnitedHealth would avoid having much to do with the Affordable Care Act public exchange system, at first, because of concerns about how well the system would work. Boudreaux ended up overseeing those plans well as the plan in Illinois.
Boudreaux has led other Blue Cross and Blue Shield plans and the health insurance business at UnitedHealth Group. She started out in insurance in the management development program at Aetna. Acknowledgments Thank you to all the sponsors and parents for their support in helping Team NLP have a successful AAU season. Zubretsky succeeds Dr. J. Mario Molina, a son of Molina’s founder. If you believe local news is essential, please consider subscribing or making a donation today. Swedish, 66, who has been the company’s president, CEO and executive chairman, will continue to serve as chairman until May, then step down from the company board and serve as a senior advisor for two years, the company said. While under his leadership, Anthem stuck with AHIP as some other large insurers pulled out. Ms. Boudreaux owns over 7,600 units of Anthem stock worth over $7,959,861 and over the last 12 years she sold ANTM stock worth over $19,928,532. Anthem CEO Gail Boudreaux plans to escalate the health insurer's investments in technology, digital health and expansion of its Medicare Advantage business. Boudreaux said at the time that the main goal of the project was to help the participating plans develop more valuable employee benefits products.
—Read Molina Ousts Family Leadership, Sparking Takeover Speculation on ThinkAdvisor. Hear how she is redefining what is possible in healthcare. We continue to make our coronavirus coverage free to everyone at www.vnews.com/coronavirus. Swedish is a director of the Blue Cross Blue Shield Association and of America’s Health Insurance Plans. As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. Political Odd Couple Carville, Matalin Share Their Election Forecasts, How Medicare Premium Hikes, Small Social Security COLAs Squeeze Retirees, Gundlach: Huge Political, Economic Shakeup Is Coming. Exclusive discounts on ALM and ThinkAdvisor events. In January 2012, she said she was seeing employers moving toward narrower networks and making more use of personal health accounts. The estimated Net Worth of Gail Boudreaux is at least $43.4 Million dollars as of 30 January 2020.
Your article was successfully shared with the contacts you provided. David Wichmann succeeded Stephen Hemsley as the CEO of UnitedHealth Group Inc. Sept. 1. Related by education: Columbia University, Anthem Blue Cross Still Sees Deferral Of Patient Care In Pandemic, From Mary Barra To Carol Tomé, Meet The Women Leading America’s Best Corporate Citizens, Despite Pandemic, Anthem Blue Cross Profits Steady And Healthy, Bachelor of Arts/Science, Dartmouth College; Master of Business Administration, Columbia University. She’s worked in the heart of the U.S. health insurance industry since 1983. Boudreaux ended up earning a bachelor’s degree in psychology from Dartmouth and a master’s degree in business from Columbia.
© 2020 Forbes Media LLC. Gail Boudreaux will be succeeding Joseph Swedish as the president and chief executive officer of Anthem Inc. on Nov. 20, the company announced today.
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