2023 Fortune Media IP Limited. Prior to being named CEO in 2022, Dan served as chief financial officer of UnitedHealthcare Employer & Individual. The Commonwealth Fund, a health research group, found that MA plan disenrollments rose from 10% in 2017 to 17% in 2021, and roughly one in five who left cited problems getting the plan to cover medical services. Dr. Docimo has served as a physician leader in the evolving health care marketplace for more than 20 years. UnitedHealth Group Reports First Quarter 2023 Financial Results. While at UPMC, Dr. Docimo led the design and development of a proprietary system for care management and a claims-based member record. UnitedHealth Group, Inc. engages in the provision of health care coverage, software, and data consultancy services. Powered and implemented by Interactive Data Managed Solutions. While CEO of GSK, he gained global recognition for his efforts to develop and expand access to critically needed vaccines, UnitedHealth said in a statement last year when he took his leave of absence. Medicare Advantages prior authorization rules to receive medical care will be getting less onerous. Stay up-to-the-minute on the latest headlines from UnitedHealth Group. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. For its 2021 fiscal year, UNITEDHEALTH GROUP INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. 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. 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. Phone. David Lipschutz, associate director of the Center for Medicare Advocacy, calls prior authorization endemic.. UnitedHealthcare is the health benefits business of UnitedHealth Group, a health care and well-being company working to help build a modern, high-performing health system through improved access, affordability, outcomes and experiences. 792 followers 500+ connections. The charts on this page feature a breakdown of the total annual pay for the top executives at UNITEDHEALTH GROUP INC as reported in their proxy statements. "We are grateful for Grady's . Philip has been with UnitedHealth Group for more than 20 years. A President & Chief Operating Officer at UnitedHealth Group Dirk McMahon was named chief executive officer, UnitedHealthcare, in June 2019. Copyright FactSet Research Systems Inc. All rights reserved. Before joining UnitedHealthcare, Jennifer was a litigator in private practice and at the Minnesota Attorney Generals Office and was a Registered Nurse. Vicki and her team ensure UnitedHealthcare is meeting the needs of its members and providers while driving high-quality care and patient outcomes. 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. UNITEDHEALTH GROUP INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Prior authorization denials should come quickly, as should appeals decisions, Jain says. and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Repay Holdings Corp., Commerce Club-Atlanta, Truist Bank, Truist, Inc., Payment Alliance International, Inc., Deluxe Corp., UnitedHealth Group, Inc., M & A Ventures LLC, Atlanta Symphony Orchestra, Pace Academy, Inc. Total Insider Purchases and Sales Reported to the SEC, Vanguard US Total Market Shares Index ETF, Vanguard Institutional Total Stock Market Index Trust, SPDR Series - Health Care Select Sector SPDR Fund, Capital Research & Management Co. (World Investors), T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (Global Investors), Capital Research & Management Co. (International Investors). McMahon has served in a number of leadership positions across the enterprise since joining the company in 2003, including CEO, OptumRx, overseeing UnitedHealth Group's pharmacy benefit management programs, along with various management positions in information technology, operations and finance. Kansas. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Dr. Anne Docimois chief medical officer of UnitedHealthcare, responsible for the clinical, cost and experience outcomes of more than 50 million members in UnitedHealthcares Commercial, Medicare and Medicaid health plans. Prior to that, Rex was a leading equity research analyst, served as a strategy and operational consultant, and practiced as a certified public accountant across several health care sectors. UnitedHealthCare Salaries How much do UnitedHealthCare employees make? UNITEDHEALTH GROUP INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Healthier communities help us all do better. 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 From financial support to resource development, learn how our programs partner with communities to advance health equity from the ground up. 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. 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. McMahon has served as CEO of UnitedHealthcare since June 2019. Mary Murley is chief executive officer of UnitedHealthcare Employer & Individual Global. With your UHC FEHBP plan you can be confident about your health care decisions with 2nd.MD. Paul is responsible for providing strategic direction, developing and sponsoring financial objectives, and ensuring established financial targets are achieved for the business segment. As a key member of Apples retail executive team, Stephanie was instrumental in leading the development of the Apple retail stores talent strategy. Theyre also intended to streamline prior authorization requirements by, for example, preventing patients from having their medical care discontinued just because theyve switched Medicare Advantage plans or from traditional Medicare to Medicare Advantage. We work with organizations, leaders and members in the community to understand the health equity challenges they face. Kate Paris is the Vice President of Advocacy, Marketing & Policy at UnitedHealthcare Community & State. Prior to that role, he served as CEO of UnitedHealthcare of Minnesota, North Dakota and South Dakota, where he brought together the enterprise capabilities and functions needed for the successful launch in these new markets. Source: Kantar Media, Cargill, Inc., UnitedHealth Group, Inc., University of St. Thomas (Minnesota). All rights reserved. In addition, Philip serves as CEO of the Individual & Family Plan business, which is focused on creating access to affordable health care for consumers by expanding UnitedHealthcares presence in the individual exchange market. 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? Thompson replaces Dirk McMahon, who has been CEO of UnitedHealthcare since June 2019, and was named president and chief operating officer of UnitedHealth Group in February. UnitedHealthcare's key executives include Brian Thompson and 16 others. Most recently, he was the chief operating officer of UnitedHealthcare Employer & Individual (E&I) where he was accountable for aligning and leading the strategy, operations, product, marketing, advocacy, digital and business advancement functions. 9900 Bren Rd, Minnetonka, Minnesota, 55343, United States. He previously served as a UnitedHealth Group company director. Dan joined UnitedHealth Group in 2001 and served in roles at Optum and UnitedHealthcare Networks before transitioning to Employer & Individual in 2008 to become a health plan market CEO. UnitedHealthcare brings together the talents of more than 125,000 employees and they are at the heart of everything we do. 2023 UnitedHealth Group. McMahon has served as CEO of UnitedHealthcare since June 2019. As UnitedHealth Group CEO, Witty is responsible for the strategic direction and overall performance of the enterprise and its long-term growth agenda. She has been a board member with the Jacksonville Chamber of Commerce as well as the YMCA of Clay County. Opinions expressed by Forbes Contributors are their own. 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. Witty joined the executive suite of UnitedHealth when he became CEO of Optum in March of 2018. You may also find the annual proxy statement by going directly to the company's website. 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.. UnitedHealthcare's Chief Executive Officer is Brian Thompson. Regional President, National Network Strategy. She is known for driving organic innovation by standing up early-stage businesses and capabilities, from bundle payments, post-acute care and digital health, to new product development. The CEO pay ratio is based on a CEO's total compensation according to the summary compensation. including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Kate is responsible for shaping and advocating for policy agendas as well as positioning Community & State as a trusted thought leader and partner with federal, state, and local health and social programs. UnitedHealthcare contributed $200 billion of the companys $257 billion in revenue last year, according to UnitedHealths most recent earnings report. Medicare Advantage plan executives argue that's a problem because, they say, traditional Medicare's fee-for-service system encourages doctors to prescribe unnecessary tests, health scans, and . 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. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Most recently, Dr. Docimo served as the executive vice president of Population Health and chief clinical transformation officer for Jefferson Health in Philadelphia. Thad joined UnitedHealth Group in 2000 as an associate general counsel and assistant secretary supporting corporate development, treasury and finance. Prior to this role, McMahon was president and chief operating officer, Optum. The growth expanded UnitedHealthcare's nation-leading share of the lucrative Medicare insurance market. 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. United Health Group Center 9900 Bren Road East Minnetonka Minnesota 55343 United States. The answers may make you want to reconsider where and how to get your Medicare coverage. Kate has extensive experience in health and public policy and is passionate about improving systems and programs to ensure fair and equitable access to care for the individuals, families and communities these systems serve. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. There has been a lot ofnegative media coverage from STAT and the Kaiser Family Foundation on issues with prior authorization. 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. UnitedHealth Group Wednesday elevated an insider to lead its $200 billion UnitedHealthcare health insurance business, which is the nations largest. Chief Executive Officer UnitedHealth Group About Andrew Witty Andrew Witty was named chief executive officer of UnitedHealth Group in February 2021. Thad Johnson is chief legal officer of UnitedHealthcare and head of external affairs for UnitedHealth Group. As a company who serves everyone, valuing inclusion and diversity is a critical part of who we are. UnitedHealth said that Brian Thompson, who has been with the company since 2004, has been named Chief Executive Officer of UnitedHealthcare, the health benefits business of the company. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. UnitedHealthcare is an operating division of UnitedHealth Group, the largest single health carrier in the United States. The health insurance unit oversees a large commercial health coverage operation as well as a government business that administers Medicaid coverage for states and sells privatized Medicare Advantage plans to seniors. In 2021, it was as high as 12% for CVS Healths Aetna and Kaiser Permanente plans and as low as 3% for Anthem plans. Paul currently serves as the Chairman of Plymouth Covenant Churchs financial and operational board and serves on the board of Union Gospel Mission Twin Cities, which is a non-profit social service organization in Minneapolis. Prior to joining UnitedHealth Group, Krista worked at Deloitte as a consultant in Strategy & Operations. He also leads our social determinants of health platform and capabilities. But problems persist, Controversial Crow Wing Power mine project inches forward. As executive vice president and CFO of UnitedHealth Group since June 2016, Rex has an expansive operating, growth and finance portfolio. The American Medical Association says the new rules have taken important steps toward rightsizing the prior authorization process.. Witty only returned to UnitedHealth in December after taking a leave of absence running Optum to co-lead a global effort of the World Health Organization to develop a vaccine against Covid-19. 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. Dave is an outstanding leader, and the Board and I are deeply appreciative of his contributions to the companys continued success, Hemsley said. I think maybe thats the future, Jain says. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Our culture celebrates and respects the differences that make each of us unique. At UnitedHealthcare we're dedicated to helping people live healthier lives and helping to make the health system work better for everyone by simplifying the . Its the first major personnel move by UnitedHealth chief executive Andrew Witty since he took over as the companys top executive in February. FORTUNE may receive compensation for some links to products and services on this website. UnitedHealthcare Community & State proudly serves nearly six million Medicaid members, including more than 2.7 million children, in 31 states, plus Washington D.C. UnitedHealthcare is a division of UnitedHealth Group (NYSE: UNH), which is a diversified health and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone. I am eager to partner with John and Dirk and our 330,000 colleagues throughout the company to advance the health of those we serve, said Witty. In this role, Jennifer serves as an advisor and counselor on national strategy and growth initiatives as well as legal and regulatory issues. We partner with more than 1.3 million physicians and care professionals, and 6,500 hospitals and other care facilities nationwide1. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Download the full 2021 Sustainability Report to learn what sustainability means to us. Minnetonka, Minn.: 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. More than two dozen other states are considering similar legislation, according to the Wall Street Journal. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, 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. Previously, Mary was senior vice president of risk and analytics for UnitedHealthcare. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Apr 24, 2023. 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. We are committed to charting a more sustainable path forward, helping to build a modern, high-performing health system that improves access, affordability, outcomes and experiences for the people who depend on it. Prior to joining UnitedHealthcare in 2012, Kate had a variety of professional roles that focused on policy, economic development and rural communities. Stephanie Fehris chief people officer for UnitedHealthcare and leads the people strategy for the companys 160,000 domestic and global employees. Witty only recently returned to UnitedHealth after a stint helping the World Health Organization develop vaccines against Covid-19. Prior authorization roadblocks have led some older Americans to leave their Medicare Advantage plans. Additionally, Craig develops strategies and solutions to bring enhanced quality and efficiency to the health care system. Witty has been CEO of UnitedHealths fast growing Optum health services business and previously ran the global drug and vaccine maker GlaxoSmithKline Plc. You may opt-out by. He joined the company in 2012 as executive vice president and CFO of Optum. The insurers are also trying to streamline the processes for getting answers to both the medical requests and appeals after denials. In this role, Paul was responsible for the companys accounting processes, controls, policies and financial data, including internal and external reporting of financial results, audit coordination, compliance with regulatory requirements, and consolidation of segment financial planning, budgeting, forecasting and analysis. In this role, he had financial and strategic oversight of the businesss diverse portfolio of health plans, ranging from traditional fully insured and self-funded plans to the full scope of ancillary and voluntary benefits. February 04, 2021 Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. For several years, Thompson ran the Medicare business for the division. She led the design, development and implementation of Apple's leadership training program (AMP). Description. Often, it involves whether someone in the hospital can be moved to a rehab facility for treatment. Paul has a B.S.B. UnitedHealth Group (NYSE: UNH) is a diversified health care company dedicated to helping people live healthier lives and helping make the health system work better for everyone. UNITEDHEALTH GROUP INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Learn more about Kate in this Video Spotlight. UnitedHealth Group Inc. on Wednesday named Brian Thompson the CEO of UnitedHealthcare, the company's insurance unit and its biggest overall business. McMahon has served in a number of leadership positions . This is a BETA experience. Also on Wednesday, Witty announced a series of moves involving other top executives within the company. Witty's pay last year . A year later, 3 grads CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. 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.. Paul Hansen is the chief financial officer of UnitedHealthcare Community & State (C&S). Chief Executive Officer, Florida Health Plan, United HealthCare Metro Jacksonville. Our global solutions help expats navigate life afar. John Prince, who runs the pharmaceutical benefits management (PBM) business, will succeed Schumacher as the Optum president. Our leaders are dedicated to solutions that strengthen physical, social and economic health. UnitedHealth profits fell nearly 40% in the fourth quarter of last year amid rising costs related to the Covid-19 pandemic. Kate has spent time in the non-profit sector and within the administrative and executive branches of state government. Medicare Advantage prior authorization denial rates are increasing, says Lipschutz, especially at skilled nursing facilities and in home health settings. Serving approximately 5.5M members with health care benefit plans and services in Brazil, Chile, Colombia, Peru and Portugal. Others dont want to deal with the bureaucracy, forms, and delays in the appeals process. Brian Thompson is now chief executive at the company's insurance division. Together with my partners Dirk McMahon and John Rex, we have the right strategy, and tremendous people and capabilities throughout the organization to continue strengthening our efforts to improve the health system for everyone. Prior to joining UnitedHealth and Optum, Witty was CEO and a director of GSK from 2008 until 2017, having joined the global drug and vaccine giant in 1985. Two months after being named to the top job at UnitedHealth Group, Chief Executive Andrew Witty announced Wednesday his first major leadership changes within the Minnetonka-based health care giant, including a new CEO at UnitedHealthcare, which is the nation's largest health insurer. 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. Tim took on the role of CEO for the East Region at Community & State in August 2016. Brian Thompson named CEO of UnitedHealthcare Published April 7, 2021 Rebecca Pifer Senior Reporter Dive Brief: UnitedHealth Group has named longtime executive Brian Thompson as the new chief. Brian Thompson is now chief executive at UnitedHealthcare. Prior to joining Jefferson Health, Dr. Docimo served both as chief medical officer for the University of Pittsburgh Medical Center (UPMC), as well as senior medical director of UPMC Hospitals. Prior to joining UnitedHealth Group, Philip worked in mergers and acquisitions for the Rothschild Group and Deutsche Bank AG. Before moving to UnitedHealthcare, Jeff was senior vice president and controller for UnitedHealth Group. 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. UnitedHealth Group is shuffling executives in its top management ranks following the unexpected retirement of Steve Nelson, who has been the top executive at the company's UnitedHealthcare. UnitedHealth Group also includes Optum , a business that delivers care aided by technology and data, empowering people, partners and providers with the guidance and tools they need to achieve better health. Chief Executive Officer (UnitedHealthcare Community & State) Email. Daves restless spirit, growth mindset and determination for UnitedHealth Group to lead in the development of the next-generation health system in a socially conscious way will serve as a model of servant leadership for years to come.. A classic example is back pain in older adults, where a lot of clinicians reflexively order MRIs, when a lot of the data suggests that within six to eight weeks, people are going to be fine, says Dr. Sachin Jain, CEO of the Medicare Advantage SCAN Health Plan. UnitedHealth Group Print or download Board N-1 CEO & Director Andrew Witty CEO @ Optum Move Chairman of the Board Stephen Hemsley Move Director Timothy Flynn Move Director Paul Garcia Move Director Kristen Gil Move Director Michele Hooper Move Director William McNabb Move Director Valerie Montgomery Rice Move Director John Noseworthy Move CFO Two months after being named to the top job at UnitedHealth Group, Chief Executive Andrew Witty announced Wednesday his first major leadership changes within the Minnetonka-based health care.
