He had previously led UnitedHealthcare and UnitedHealth Groups enterprise-wide operations and technology efforts, along with external development, M&A and integration activities at the company. Before becoming East Region CEO, he served as CEO of the UnitedHealthcare Community Plan of Send this article to anyone, no subscription is necessary to view it, Minneapolis toddler's death triggers fresh concerns about child protection, Fate of largest Minnesota mall outside metro unknown; owner in default of loan, BBB warns of timeshare scams, and Minnesotans could be vulnerable, What's for lunch? Prior to joining UnitedHealth Group, Paul was a manager with the public accounting firms of Arthur Andersen and Deloitte in their Minneapolis offices. UnitedHealth Group, Inc. engages in the provision of health care coverage, software, and data consultancy services. The chief executive position at UnitedHealthcare opened as Witty was named chief executive in February, and Dirk McMahon, the insurance division's previous CEO, was elevated to president and chief operating officer for the parent company. Prior to her corporate roles, Kirsten was senior vice president at two global public relations firms, Ketchum and GCI Group, where she counseled a wide range of clients in the health care sector. UnitedHealth Group Reports First Quarter 2023 Financial Results. As we have come to know firsthand during his time at UnitedHealth Group, Andrew Witty combines an extraordinary breadth and depth of health care experience, sophisticated strategic thinking and outstanding leadership development skills, making him uniquely well-positioned to help the company take the next steps on its steady path to grow and deliver for its shareholders and the customers and people we are privileged to serve, said Stephen J. Hemsley, chairman of the UnitedHealth Group Board of Directors. Prior to joining UnitedHealthcare, Kirsten served as senior vice president of external affairsfor Blue Shield of California where she was responsible for corporate communications, government affairs, alliance management, corporate social responsibility and community relations. UnitedHealth Group Board Members Name & TitleBio Andrew Philip Witty CEO Richard T. Burke Board Member Richard J. Migliori M.d Chief Medical Officer and Executive Vice President of Medical Affairs Cory B. Alexander Board Member Stephen J. Hemsley Board Member Gail R. Wilensky Board Member Michele J. Hooper Board Member Frederick William McNabb In this role, Mary lead the development of risk-based partnerships and guided the companys health care economics and strategies to enhance our data capabilities. We serve millions of people from their earliest years through their working lives and through retirement. In this role, Craig oversees all aspects of network strategy, including ensuring our comprehensive provider network meets our state customers requirements and is tailored to the unique needs of our members. They find the requirements really burdensome and onerous, she noted. Before moving to UnitedHealthcare, Paul was the vice president of finance for OptumHealth from 2007 to 2010, responsible for financial planning and analysis. As a physician executive in both provider and payer organization, Dr. Docimo has experience in using clinical and claims data to design and implement population health programs to improve clinical and financial outcomes. Dave Wichmann is leaving a powerful legacy of service to others and commitment to innovation for us to build upon.. In some cases, Lipschutz noted, we have seen plans give nonsensical reasons or justifications for turning down coverage., The 2022 HHS Inspector Generals report said: These denials can delay or prevent beneficiary access to medically necessary care; lead beneficiaries to pay out of pocket for services that are covered by Medicare, or create an administrative burden for beneficiaries or their providers who choose to appeal the denial., The denials, the Inspector General noted, may be particularly harmful for beneficiaries who cannot afford to pay for services directly and for critically ill beneficiaries who may suffer negative health consequences from delayed or denied care., Four years earlier, another HHS Inspector General report found widespread and persistent problems related to denials of care and payment in Medicare Advantage plans.. This is a BETA experience. UnitedHealthcare contributed $200 billion of the companys $257 billion in revenue last year, according to UnitedHealths most recent earnings report. Powered and implemented by Interactive Data Managed Solutions. Additional volunteer activities include supporting Habitat for Humanity and the Ronald McDonald House. Before becoming East Region CEO, he served as CEO of the UnitedHealthcare Community Plan of Kansas. Krista was also chief executive officer for the Individual and Family Plan (IFP) business, where she successfully led re-entry into the individual exchange market across 18 states. UnitedHealth Group More Neil de Crescenzo Chief Executive Officer Optum Insight More Wyatt Decker, M.D. Reveal for Free. UnitedHealthcare Community & State leverages the national capabilities of UnitedHealth Group and delivers them at the local market level to support effective care management, strong regulatory partnerships, greater administrative efficiency, improved clinical outcomes, and the ability to adapt to a changing market environment. Pharmaceutical Research & Manufacturers of America, UnitedHealth Group, Inc. Be the first to know about relevant news & insights by subscribing to our newsletter. Executive jobs 700,389 open jobs . Location. UnitedHealth Group Inc. CEO Andrew Witty was paid $20.9 million in total compensation in 2022, and other top leaders saw pay increases last year, as well. Its the first major personnel move by UnitedHealth chief executive Andrew Witty since he took over as the companys top executive in February. A year later, 3 grads CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. He believes, however, that there absolutely need to be guardrails for Medicare Advantage plans prior authorization rules because sometimes, these systems can overreach.. In this role, she oversees a team that develops and implements communications strategies to enhance and protect UnitedHealthcares reputation, create a more favorable business environment and strengthen employee engagement. Tim Noel serves as Chief Executive Officer of UnitedHealthcare's Medicare & Retirement business, the largest business dedicated to the health and w ell-being needs of seniors and other Medicare beneficiaries. Cornell still received $34.2 million in payment from salary, bonuses and cashing in stock. Prior to joining UnitedHealth Group, Brian was a practicing CPA at PricewaterhouseCoopers LLP, serving as a manager in the Transaction Advisory Services group of the Audit practice. The company was founded by Richard T. Burke in January 1977 and is headquartered in Minnetonka, MN. UnitedHealthcare brings together the talents of more than 125,000 employees and they are at the heart of everything we do. everyone. Prior to his current role, Paul was the corporate controller for UnitedHealthcare. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Traditional Medicare doesnt require prior authorizations for medical care. UnitedHealth Group offers a broad spectrum of products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services. UnitedHealth CEO makes first changes to leadership team Our Leaders - UnitedHealth Group Prior to this role, Jennifer served on the affirmative litigation and clinical legal teams at UnitedHealthcare. Often, it involves whether someone in the hospital can be moved to a rehab facility for treatment. Brian Thompson named CEO of UnitedHealthcare | Healthcare Dive Vicki Miller is president, UnitedHealthcare Networks (UHN), at UnitedHealthcare (UHC), a global organization serving key markets and geographic regions with a broad range of health benefit products and services for both consumers and benefits sponsors. Before joining UnitedHealth Group, McMahon was head of airport operations worldwide for Northwest Airlines. Together with health care professionals, we are helping people access the right care at the right time. UNITEDHEALTH GROUP INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Witty, who is 56 years old, has been president of UnitedHealths Optum health services business since 2018 while Wichmann had been CEO for a short period of time compared to others who have run the health insurance giant in the past. Kirsten Gorsuchis chief communications officer for UnitedHealthcare. And people are mad about it, says Casey Schwarz, senior counsel for education and federal policy at the Medicare Rights Center. As UnitedHealth Group CEO, Witty is responsible for the strategic direction and overall performance of the enterprise and its long-term growth agenda. We are dedicated to being champions of better health for all, including those who are underserved or overlooked in our communities. The CEO pay ratio is based on a CEO's total compensation according to the summary compensation. All rights reserved. Brian Thompson is now chief executive at UnitedHealthcare. Want the latest news about UnitedHealthcare? Millions of Medicare Advantage members see their prior authorization requests denied each year. As a company who serves everyone, valuing inclusion and diversity is a critical part of who we are. Will the new prior authorization rules and policies have a notable impact on the number of Medicare Advantage members prevented from receiving the urgent medical care they need? Prior authorization denials should come quickly, as should appeals decisions, Jain says. The American Medical Association says the new rules have taken important steps toward rightsizing the prior authorization process.. UnitedHealth chairman Stephen Hemsley, who was the companys CEO for 13 years before handing over the reigns to Wichmann, said Witty combines an extraordinary breadth and depth of health care experience, sophisticated strategic thinking and outstanding leadership development skills, making him uniquely well-positioned to help the company take the next steps on its steady path to grow and deliver for its shareholders and the customers and people we are privileged to serve.. UnitedHealth Group is dedicated to continuously improving the quality of our performance for consumers, customers, care providers and our shareholders. The Board of Directors of UnitedHealth Group has named Sir Andrew Witty as chief executive officer, succeeding David S. Wichmann, who retires after successfully guiding the company through a period of growth and innovation and the deeply challenging onset of the COVID-19 pandemic. UnitedHealth Group Taps New Head Of Health Insurance Business - Forbes The OptumInsight segment focuses on data and analytics, technology, and information to help major participants in the healthcare industry. For people 65+ or those under 65 who qualify due to a disability or special situation, For people who qualify for both Medicaid and Medicare, Individual & family plans short term, dental & more, Individual & family plans - Marketplace (ACA), Individual & Family ACA Marketplace plans. For several years, Thompson ran the Medicare business for the division. Brian Thompson Named Chief Executive Officer of UnitedHealthcare Unit Tim earned an undergraduate degree from Northwestern University, an MBA from Harvard Business School, and a Masters in Healthcare Delivery Science from Dartmouth College. Andrew Witty to Become CEO of UnitedHealth Group, Dirk McMahon to Become President, COO; Will Join Witty and John Rex, CFO, in Chief Executive Office, David Wichmann, current CEO, Retires After Successful Tenure, Changes Ensure Seamless Continuity of Companys Strategy, Operations and Results, UnitedHealth Group Announces Executive Leadership Actions. Terms & Conditions. In 2021, 2 million MA prior authorization determinations were denied, according to a February 2023 Kaiser Family Foundation (KFF) analysis. But they have one big problem that frustrates many enrollees, as well as doctors and hospitals: prior authorization. Prior to this, he was general counsel of UnitedHealthcares Employer & Individual business and had oversight of legal, compliance, regulatory affairs and health care reform implementation. Very few Medicare Advantage beneficiaries whose prior authorization requests are denied bother to appealjust 11%, according to the Kaiser Family Foundation. That effort has been a well-documented success with several companies developing effective vaccines with two on the U.S. market and more expected to be launched around the world in the coming months. Thad joined UnitedHealth Group in 2000 as an associate general counsel and assistant secretary supporting corporate development, treasury and finance. February 04, 2021 Kristas priority is improving the experience for clients, consumers, providers and employees. UnitedHealth Group is dedicated to continuously improving the quality of our performance for consumers, customers, care providers and our shareholders. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Dave is an outstanding leader, and the Board and I are deeply appreciative of his contributions to the companys continued success, Hemsley said. In John Rex we have an industry-leading executive with a demonstrated track record in strategy, business development and finance whose acumen will help guide the continued, sustainable growth of our company, said Witty. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Watch Video for Overview. Lipschutz wishes the administration had also required more shared decision-making by doctors and hospitals in prior authorization determinations and more stringent requirements for MA plans to tell enrollees what their prior authorization rules and criteria are. We are a health care and well-being company made up of a diverse team around the world dedicated to making health care work better through two distinct and complementary businesses: Optum and UnitedHealthcare. Fundamental company data and analyst estimates provided by FactSet. CEO Pay Watch: UnitedHealth's David Wichmann made more than $52 million UnitedHealth Group Inc. on Wednesday named Brian Thompson the CEO of UnitedHealthcare, the company's insurance unit and its biggest overall business. Partly, he notes, thats because some plans have been hiring subcontractors and using algorithms to make these decisions. Prior to this role, McMahon was president and chief operating officer, Optum. UnitedHealth Group CEO And Leadership: Executives and Demographics - Zippia For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Kansas. Louisiana, Michigan, and Texas passed prior authorization laws in recent years on behalf of their states residents and health care providers. The rule, he notes, doesnt prohibit MA plans from using algorithms to reject prior authorization requests. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. He served in this role from 2011 through 2016 and was responsible for the corporate accounting, financial planning and analysis, capital planning, corporate actuarial and accounts payable functions. From 2002 to 2004, Paul served as the director of operations within OptumInsight responsible for the segments operational and strategic planning. Brian Thompson Named Chief Executive Officer of UnitedHealthcare Unit April 07, 2021 | 1 min Read Minnetonka, Minn.: Brian Thompson has been named Chief Executive Officer of UnitedHealthcare, the health benefits business of UnitedHealth Group (NYSE: UNH). Brian Thompsonwas named chief executive officer for UnitedHealthcare in April 2021. From April 2020 to December 2020, Witty took an unpaid leave of absence from his company positions to serve as a Global Envoy for the World Health Organizations COVID-19 efforts. Key People UnitedHealth Group Inc. Board of Directors Name/Title Current Board Membership All Executives Stephen J. Hemsley Chairman Dirk C. McMahon President & Chief Operating Officer Andrew. Jain wants the medical community, the government, and insurers to look at the underlying cause of prior authorization, arguing that theres a lot of overutilization and unnecessary tests that provide low value to seniors.. Prior to her roles at UnitedHealthcare, she worked in actuarial consulting for over 15 years. UnitedHealth Group Inc., CEO Total compensation: $52,098,104 for the year ended Dec. 31, 2019 Salary: $1,384,615 Nonequity incentive pay: $4,500,000 Other compensation: $201,993 Exercised stock. Vicki is responsible for the strategic oversight, vision and operational execution of UHNs national care network, which includes 1.5 million in-network doctors and health care professionals. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Call or click to learn more. Healthier communities help us all do better. UNH | UnitedHealth Group Inc. Company Profile & Executives - WSJ President Joe Biden and House Speaker Kevin McCarthy are finding it's easy to publicly shame each other over the debt limit. And damning U.S. Health and Human Services (HHS) Inspector General reports found widespread and persistent problems related to denials of care and payment. As a result, new laws and rules from states and the Biden administration could mean a change to this troublesome practice. Brians experience, relationships and values make him especially well-suited to help UnitedHealthcare improve how health care works for consumers, physicians, employers, governments and our other partners, leading to continued and sustained long-term growth, Witty said. An AMRPA report called prior authorizations a widespread and common problem that can harm patients.. Executive Vice President, Chief Legal Officer, Executive Vice President, Enterprise Operations & Services, Executive Vice President, Chief Digital & Technology Officer, Executive Vice President, Chief People Officer, Executive Vice President, Chief Medical Officer, Executive Vice President, Health Equity Strategy. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Meet Our Leadership Team | Optum Philip Kaufman is chief growth officer of UnitedHealthcare. Opinions expressed by Forbes Contributors are their own. All rights reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices A President & Chief Operating Officer at UnitedHealth Group Dirk McMahon was named chief executive officer, UnitedHealthcare, in June 2019. in Accounting from the University of Minnesota, Carlson School of Management and holds an inactive CPA certificate. Craig Anderson serves as the Regional President of National Network Strategy for UnitedHealthcare Community & State. Craig Stillman. The OptumHealth segment provides health and wellness care, serving the broad health care marketplace including payers, care providers, employers, government, life sciences companies, and consumers. For several years, Thompson ran the Medicare business at UnitedHealthcare including Medicare Advantage plans where seniors opt to receive benefits from the federal program through private managed-care companies. A large anesthesiology grouprecently sued UnitedHealth, alleging the company has stifled competition. Prior authorization is touted by Medicare Advantage plans as a way to ensure that people dont get unnecessary care and get appropriate care, says Lipschutz. He also leads our social determinants of health platform and capabilities. UNITEDHEALTH GROUP INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Heather Cianfrocco will become chief executive of the PBM, which is called OptumRx. Philip has also held several leadership positions within the Ancillary & Individual division of E&I, including president of UnitedHealthcare Specialty Benefits and CEO of UnitedHealthcare Vision. Careers | UnitedHealthcare This includes individuals, employers, and Medicare and Medicaid beneficiaries. Seven health insurance CEOs raked in a record $283 million last year Tim took on the role of CEO for the East Region at Community & State in August 2016. The rules, which take effect in 2024, are designed to ensure people with MA plans get access to the same necessary careprescriptions, medical tests, equipment, and proceduresthey would receive in traditional Medicare. Medicare Advantage (MA) plansprivate insurers alternatives to traditional Medicarehave grown in popularity in recent years with 28 million Americans signing up. Chief Executive Officer Optum Health More Joy Fitzgerald Senior Vice President, Chief Diversity, Equity & Inclusion Officer UnitedHealth Group More Dame Vivian Hunt Chief Innovation Officer Optum More Patricia L. Lewis Executive Vice President, Explore employer, individual & family, Medicare-Medicaid health insurance plans from UnitedHealthcare.

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