At the time, Mikan said the "worse than expected performance" was linked to the level of growth seen . NeueHealth provides care delivery and value-based enablement services to over 500,000 value-based patients through our owned and affiliated clinics. Throughout his career, Cook has consistently led initiatives that are at the forefront of value-based care and consumer-driven healthcare. Please. ABOUT BRIGHT HEALTH GROUP Bright Health Group Expands Executive Team as It Drives Performance in Scaled Businesses. Vice Chairman, President and CEO Cathy Smith Chief Financial and Administrative Officer Michael Carson CEO, Bright HealthCare Jeff Cook CEO, NeueHealth Jon Porter CEO, DocSquad, and Chief Product Officer Brian Gambs Chief Technology Officer Board of Directors Bob Sheehy Co-Founder and Chairman G. Mike Mikan Vice Chairman, President and CEO Most recently, Carson served as Chief Executive Officer of CareAbout, a multi-market, value-based primary and multi-specialty care start-up, and as President and Chief Executive Officer of Harvard Pilgrim Health Care, a leading not-for-profit health services company. He holds a Bachelor of Arts from the University of St. Thomas. As a reminder, this call is being recorded. As we embark on this next phase of Bright Health Groups journey, we are excited to have these two phenomenal leaders join our already deep bench of talent within Bright HealthCare and NeueHealth.. Jay holds a Bachelor of Business Administration from the University of Notre Dame. Together. Jeff most recently served as Chief Legal Officer of NeueHealth, Bright Health Groups personalized care delivery business, and previously oversaw the legal aspects of Bright Healths M&A transactions, corporate governance, litigation, and risk management functions. Jon serves as the chief product officer of Bright Health where he leads the development of our technology platform as well as our DocSquad business unit. Bright Health Group's medical cost ratio ("MCR") for the second quarter of 2021 was 86.8% on a reported basis and 82.0% on an adjusted basis. Our mission is to Make healthcare right. You must click the activation link in order to complete your subscription. Jeff serves as General Counsel and Corporate Secretary of Bright Health Group. Bright Health Group's (BHG) CEO Mike Mikan on Q2 2022 Results - Earnings Call Transcript. Mike served as CFO at UnitedHealthcare before being named executive vice president and CFO of UnitedHealth Group (NYSE: UNH) in 2006. Prior to Healthcare Data Services, Jon co-founded White Stone Solutions, Inc., a technology company focused on data analysis and development tools, in 1999. Jeff holds a Bachelor of Business Administration from Baylor University and a Masters of Science in Health Administration from Texas State University. Brett most recently was Senior Vice President of Strategy and Corporate Development at Bright Health Group, responsible for the initial launch of the NeueHealth business and the companys seven acquisitions across the Medicare Advantage, Technology, and care delivery space. Bright HealthCare end-of-year Membership guidance raised to 700,000, up nearly 8% from previous guidance, driving Bright Health Group 2021 Revenue guidance to the top of prior range, now. To: BVP Group. April 24, 2020 Minneapolis-based Bright Health Inc. has tapped G. Mike Mikan as its new CEO. Health Plan Care Partner model to 13 new markets across 6 states for 2020. Bright Health's key executives include Cathy Smith and 13 others. By providing your email address below, you are providing consent to Bright Health Group, Inc. to send you the requested Investor Email Alert updates. Prior to that, Cook served as the South Central Regional President of CVS Health/Aetna and held various leadership positions at Ascension Health and UnitedHealthcare. Bright Health Group, Inc. (NYSE:NYSE:BHG) Q3 2022 Earnings Conference Call November 09, 2022 08:00 AM ET Company Participants Stephen Hagan - Director, IR Mike Mikan - President & CEO. Prior to Shot-Rock Capital, he served as president of ESL Investments and was on the board of several companies, including Best Buy (NYSE: BBY) and AutoNation (NYSE: AN). Also Known As Bright Health Management. For more information, visit www.brighthealthgroup.com . For the 2023 plan year, we're focusing on providing Medicare Advantage plans in eleven counties across Florida. G. Mike Mikan Vice Chairman, President and CEO Mike serves as vice chairman, president and CEO of Bright Health Group, Inc. Mike is a seasoned operator in managed care and a transformational leader in healthcare and consumer-facing businesses. Bright Health is enabling that on a national scale." Slavitt will rejoin Bright Health Group's Board of Directors as an Independent Director effective August 1 st , 2021. Prior to Bright Health, Jeff served as national Vice President of CVS Health HUBs, CVS suite of HUB clinical services. He holds a Bachelor of Arts from the University of St. Thomas. Bright Health Group blamed part of its $1.17 billion loss in 2021 to a backlog in its claims processing system, which led to delays paying providers. Bright HealthCare offers Commercial and Medicare health plan products to over one million consumers across the nation. . This rating has decreased by -9% over the last 12 months. You must click the activation link in order to complete your subscription. Operating MetricsView all. Mikan replaces Bob Sheehy, a cofounder of the company who has served as CEO since it began in. The company laid off 150 workers in March. Prior to Bright Health, Jeff held several senior legal positions at MGM Resorts International, a multinational gaming, hotel, and entertainment company. George Lawrence Mikan III, commonly referred to as G. Mike Mikan or Mike Mikan, heads the Bright Health Group, Inc. as CEO, President, and Vice Chairman. These proven leaders, reporting directly to Bright Health Group CEO Mike Mikan, will focus on leading the Company's two complementary businesses, as Bright HealthCare has gained scale, and NeueHealth emerges as a differentiated market player. . Bloomington, Minn.-based Bright Health Group has named Michael Carson as CEO of Bright HealthCare and Jeff Cook as CEO of the value-based line NeueHealth. If you have an ad-blocker enabled you may be blocked from proceeding. For more information, visit www.brighthealthgroup.com. MINNEAPOLIS, April 23, 2020 /PRNewswire/ -- Bright Health's Board of Directors announced today that current President G. Mike Mikan will become Chief Executive Officer and President, effective . He succeeded Bob Sheehy. You can sign up for additional alert options at any time. Simeon Schindelman, CEO of Bright HealthCare, will resign from his position on March 11 and will be replaced by the company's chief financial officer, Jay . Financial results from 2021 show that it was a rough year for Bright Health. Jeff serves as the Chief Operating Officer of Bright Health. Mike serves as a director of AutoNation, Princeton Private Investments Access Fund, and Ellington Income Opportunities Fund. Said Mikan, We want to thank Sam for his many contributions to Bright Health Group and Jay for stepping up to lead Bright HealthCare in the interim. Before joining Bright Health, Jay served for six years as CFO of Blue Cross Blue Shield of Minnesota (BCBS MN). If you experience any issues with this process, please contact us for further assistance. As president and CEO, Mike sets the strategic direction and growth of the company. Leading the call today are Bright Health Group's President and CEO, Mike Mikan, and CFO and Chief Administrative Officer, Cathy Smith. "We've always talked about the. Prior to White Stone Solutions, he worked in the data quality and integrity group at Deloitte & Touche LLP. Before that he held consulting, strategy, and finance leadership roles at the Advisory Board Company as well as large integrated health systems. Mike serves as vice chairman, president, and CEO of Bright Health. Cathy currently serves as the audit committee chair of PPG Industries, Inc. and Baxter International Inc. She holds a Bachelor of Arts from the University of California, Santa Barbara and an MBA from the University of Southern California. Mike Mikan is Bright Health Group's CEO. Bright HealthCare will continue to focus on operational excellence and will work tirelessly to advance our model, aligning the financing and delivery of care to provide the best value and. This article was changed to reflect the resignation of Bright HealthCare CEO. Together. Find the latest Bright Health Group, Inc. (BHG) stock quote, history, news and other vital information to help you with your stock trading and investing. Bright Health Group, Inc. (BHG) NYSE - Nasdaq Real Time Price. Bright Health Group Inc. CEO is G. Mike Mikan. Cook will lead NeueHealth, Bright Health Groups personalized care delivery business, which has emerged as a differentiated market player. [3] He also served as the CEO of Optum, the care delivery and technology arm of UnitedHealth Group, where he helped transform and set the strategy for that business. By Carrigan Miller - Reporter January 07, 2021, 02:51pm CST Updated 01/07/2021 3:10 pm. Bright Health. MINNEAPOLIS, May 1, 2020 /PRNewswire/ -- Today, Bright Health, a diversified consumer-focused healthcare company, announced it has closed on the acquisition of California-based Universal Care Inc . Jeff holds a J.D. In 2012, he stepped in as interim CEO of Best Buy. This is an improvement over last year's second quarter adjusted MCR of 82.7%. Contact Email info@brighthealthplan.com. Mike served as CFO at UnitedHealthcare before being named executive vice president and CFO of UnitedHealth Group (NYSE: UNH) in 2006. On a Nov. 9 earnings call with investors, Bright Health Group CEO Mike Mikan said the payer was pulling out of Florida markets as well. As president and CEO, Mike sets the strategic direction and oversees day-to-day operations of the company. Simeon Schindelman. Bright Health Company of Arizona is licensed in Arizona. Legal Name Bright Health Inc. Company Type For Profit. Jon comes to Bright Health with years of experience in data analysis tools and technology for the health care sector. Let's make healthcare right. Bright Health employs 126 employees. Bright Health Group, Inc. (BHG 0.98%) Q4 2021 Earnings Call Mar 02, 2022, 8:00 a.m. Bright Health Group Austin, TX 3.2 58 % Recommend to a Friend 29 % Approve of CEO Mike Mikan 8 Ratings View open jobs at this location Bright Health Group Austin, TX office. Jon serves as the chief product officer of Bright Health where he leads the development of our technology platform as well as our DocSquad business unit. She has also held CFO positions at Walmart International, GameStop, and others. Jay Matushak, current Interim CEO of Bright HealthCare, will be returning to his previous role as CFO of Bright HealthCare, while taking on an expanded set of responsibilities. President & Chief Executive Officer at Bright Health Group. As president and CEO, Mike sets the strategic direction and oversees day-to-day operations of the company. and 10; others. Previously, he was a Managing Director at the Advisory Board Company, responsible for strategy and new product development in the consumer and population health space. History [ edit] The company was founded by Bob Sheehy, the former CEO of United Healthcare, with partners Kyle Rolfing, Tom Valdivia and seed investor Flare Capital Partners, upon raising $81.5 million in venture capital in 2016. 7 equities research analysts have issued twelve-month price objectives for Bright Health Group's stock. Prior to Healthcare Data Services, Jon co-founded White Stone Solutions, Inc., a technology company focused on data analysis and development tools, in 1999. Apr 21, 2022 www.startribune.com Frequently Asked Questions regarding Bright Health On Oct. 11, Bright Health said it was ending its group and individual insurance offerings but would continue offering Medicare Advantage plans in Florida and California. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared . BHG stock has a five-year performance of %. We believe everyone should have access to personal, affordable, and high-quality healthcare. https://seekingalpha.com/article/4555453-bright . Financial Officer, Jay Matushak, on an interim basis. Bright HealthCare uses Availity.com as a Provider Portal to connect with your practice in a protected and streamlined way. Jon Porter CEO, DocSquad, and Chief Product Officer Jon serves as the chief product officer of Bright Health. "As we step back and look at year-to-date 2021 compared to the first half of 2020, our growth and ability to . Before joining Bright Health Group, Mike was chairman and CEO of Shot-Rock Capital, a Minneapolis-based private investment firm. As president and CEO, Mike sets the strategic direction and oversees day-to-day operations of the company. Before joining Bright Health, Cathy served as executive vice president and chief financial officer of Target, where she was responsible for treasury and tax, internal and external financial reporting and operations, financial planning and analytics, internal audit, investor relations and Targets financial and retail services business including customer payment solutions and call/service centers. G. Mike Mikan Vice Chairman, President and CEO Mike serves as vice chairman, president and CEO of Bright Health Group, Inc. Mike is a seasoned operator in managed care and a transformational leader in healthcare and consumer-facing businesses. This rating has decreased by -8% over the last 12 months. Brett holds a bachelors degree from Boston College. CEO George Lawrence Mikan, III; Bob Sheehy Number Of Employees 3,203 Sector . The Bright Health management team includes Catherine Murphy (Chief Operating Officer, Zipnosis), Jeffrey Zavada (Chief Revenue Officer (CRO)), and Brian Gambs (Chief Technology Officer) . This was corrected on 02/14/2022 at 12:38 PM. Jay is a seasoned finance and operational executive with deep expertise in the insurance business. " We are always evaluating where we believe Bright Health Group is best positioned to enhance the health care experience for consumers and Care Partners in order to deliver the highest. The Colorado Department of Insurance fined the . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Media@brighthealthgroup.com. Covered Lives . Bright Health Group. MINNEAPOLIS--(BUSINESS WIRE)-- Michael Carson and Jeffrey Cook to Join as Leaders of Bright HealthCare and NeueHealth. Brett serves as the Chief Strategy and Growth officer at Bright Health where he is responsible for corporate and business development, strategic relationships, enterprise growth, and organizational transformation. Previously, Cook served as national Vice President of CVS Health HUBs, CVS suite of HUB clinical services. Bright Health Group has an overall rating of 3.2 out of 5, based on over 144 reviews left anonymously by employees. Jon comes to Bright Health with years of experience in data analysis tools and technology for the health care sector. 515 Congress Ave Austin, TX, 78701 Get Directions Bright Health Group Austin, TX Reviews 5.0 Current Employee, more than 3 years If you experience any issues with this process, please contact us for further assistance. As the lead of our rundown operations, Jay works to ensure the company can fulfill its obligations to consumers, providers, and other stakeholders across the lines of business the company is exiting. He also served as the CEO of Optum, the care delivery and technology arm of UnitedHealth Group, where he helped transform and set the strategy for that business. Despite over a billion dollars in losses in 2021, Bright Health Group's CEO took in a compensation package far greater than other payer CEOs. Our mission is to Make healthcare right. "We are actively working to satisfy our capital needs through 2023 and beyond," a Bright Health spokesperson told the Star Tribune. Bright Health Group plans to raise an undisclosed sum in the near-to-intermediate-term, CEO Mike Mikan said during the company's second-quarter earnings call. The question-and-answer session will follow Bright Health Group's prepared remarks. Mike is a seasoned operator in managed care and a transformational leader in healthcare and consumer-facing businesses. We have two market-facing businesses: NeueHealth and Bright HealthCare. Add to watchlist. Mike Mikan, Vice Chairman, CEO and President. The shares of the health insurance company fell below the IPO price on its public debut even after the company downsized the public offering. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Bright Health Group is a health insurance company providing individual and family health insurance services. $BHG - Bright Health Group, Inc. (BHG) CEO Mike Mikan on Q3 2022 Results - Earnings Call Transcript. CEO Mike Mikan realized $2.3 million in 2021 but the proxy reveals grant date value of equity awards made his pay package worth $180 million. Mike is a seasoned operator in managed care and a transformational leader in healthcare and consumer-facing businesses. He will continue to grow and develop our Integrated Systems of Care. The one-year performance of Bright Health Group Inc. stock is -88.23 %, while year-to-date (YTD) performance is -70.06 %. Manny serves as the lead independent director of the board of directors of Bright Health Group, Inc. Founders Robert John Sheehy. Jon holds a Bachelor of Science in business administration with a focus in accounting and management info systems from Babson College. We believe everyone should have access to personal, affordable, and high-quality healthcare. Together. Aug 10, 2022. seekingalpha.com. Mike serves as a director of AutoNation, Princeton Private Investments Access Fund, and Ellington Income Opportunities Fund. Bright Health Group, Inc. ("Bright Health") (NYSE: BHG), the first technology-enabled, Fully Aligned System of Care built for healthcare's consumer retail market, today announced the expansion of its leadership team with the addition of Michael Carson as Bright HealthCare Chief Executive Officer and Jeff Cook as NeueHealth Chief Executive Officer. Sam Srivastava, current CEO of NeueHealth, will serve as a strategic advisor through the end of May to ensure a smooth transition. Previously, Carson held leadership positions at Anthem, AmeriGroup, Blue Cross Blue Shield plans, and ConcertoHealth. Jeff has broad health care experience leading initiatives at the forefront of value-based care and consumer-driven healthcare. About Bright Health Bright Health is a consumer-focused health insurance and technology company. Sam Srivastava, current CEO of NeueHealth, will serve as a strategic advisor through the end of May to ensure a smooth transition. 2021 compensation package: To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Bright HealthCare is a diversified healthcare financing and distribution platform that aggregates and delivers healthcare benefits to over 1.1M consumers through its various lines of business. Brightside Health treats serious mental health issues via telehealth. Re: Bright Health Series A IR. Jay Matushak, current Interim CEO of Bright HealthCare, will be returning to his previous role as CFO of Bright HealthCare, while taking on an expanded set of responsibilities. $BHG - Bright Health Group, Inc. (BHG) CEO Mike Mikan on Q3 2022 Results - Earnings Call Transcript. Phone Number 888-974-0199. Bright Health Group is a technology enabled, value-based healthcare company that organizes and operates networks of affiliate care providers to be successful at managing population risk. Before joining Bright Health, Jon served as chief product officer of athenahealth, where he was responsible for overseeing product strategy for the entire portfolio and led the development of athenahealths suite of cloud-based services. Cathy Smith Chief Financial and Administrative Officer Bob Sheehy Co-Founder and Chairman Mike Mikan Vice Chairman, CEO and President Mohamad Makhzoumi Director Tom Valdivia Co-Founder and Chief Health and Equity Officer Steve Kraus Director Brian Gambs Chief Technology Officer https://seekingalpha.com/article/4555453-bright-health-group-inc . Bright Health's CEO made $2.3 million in 2021 but proxy reveals it could be much more. Jay Matushak, current Interim CEO of Bright HealthCare, will be returning to his previous role as CFO of Bright HealthCare, while taking on an expanded set of responsibilities. News Oct 27, 2022. Bright Health Group Inc Competitors - Telecommunications Equipment. * Benefits listed are not included on all plans. Before joining Bright Health, Jon served as chief product officer of athenahealth, where he was responsible for overseeing product strategy for the entire portfolio and led the development of athenahealths suite of cloud-based services. Bright CEO Bob Sheehy, the former CEO of health system giant UnitedHealthcare, chalks up its losses to typical start-up costs, like engineering and marketing, which he claims will come down. Jay serves as a Senior Vice President at Bright Health, responsible for the rundown of the Individual and Family Plan insurance business as well as the companys Medicare Advantage business outside of California. Under this model, Bright Health works hand-in-hand with physicians on everything from pricing to technology to innovative programs to improve member heath and reduce costs. Prior to White Stone Solutions, he worked in the data quality and integrity group at Deloitte & Touche LLP. Our differentiated approach aligns care delivery with the financing of care to drive better outcomes, lower costs, and enhance the consumer experience. STAMFORD, CT & NEW YORK, NY, December 18, 2015 Brighton Health Group (BHG), a healthcare enterprise building innovative products that align the interests of healthcare providers, employer and other plan sponsors, families, and payers, today announces the appointment of Simeon Schindelman as CEO of Brighton Health Plan Services, effective immediately. Jay Matushak, current Interim CEO of Bright HealthCare, will. Jay has done a terrific job progressing Bright HealthCare and we look forward to him partnering with Michael as they continue the build on our platform for change in healthcare..
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