The CEO pay ratio is based on a CEO's total compensation according to the summary compensation. Additional volunteer activities include supporting Habitat for Humanity and the Ronald McDonald House. McMahon has served as CEO of UnitedHealthcare since June 2019. International stock quotes are delayed as per exchange requirements. 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. She led the design, development and implementation of Apple's leadership training program (AMP). Philip Kaufman is chief growth officer of UnitedHealthcare. Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to end the turmoil that has raised questions about the health of the U.S. banking system. As executive vice president and CFO of UnitedHealth Group since June 2016, Rex has an expansive operating, growth and finance portfolio. Report this profile . 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. Catherine has extensive experience supporting policy makers to develop sustainable programs focused on improving outcomes. Prior to leading government programs, Brian served as chief executive officer of the Medicare & Retirement organization. Regional President, National Network Strategy. John Tozzi UnitedHealth Group Inc. will pay departing Chief Executive Officer Dave Wichmann about what he would be entitled to as severance -- two years' salary and bonus -- after his unexpected. Before becoming East Region CEO, he served as CEO of the UnitedHealthcare Community Plan of
UnitedHealth Group Feb 2021 - Present2 years 3 months Chief Executive Officer UnitedHealthcare 2019 - Apr 20212 years President and Chief Operating Officer Optum 2017 - 20192 years Executive. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. Before joining UnitedHealth Group in 2005, Jeff spent 13 years in the airline industry in various finance and operations senior management roles. He also leads our social determinants of health platform and capabilities. We do this as we help deliver simple experiences and focus on our goal of improving access to quality care at an affordable cost for all. 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. A year later, 3 grads CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Brian Thompson is now chief executive at UnitedHealthcare. Roughly a third said it led to a serious adverse event for a patient. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The laws gold card provisions mean certain doctors and hospitals in Medicare Advantage networks are exempt from prior authorization because the plans almost always approve their requests. Her responsibilities included valuation of reserves; development of annual bid filings with the Centers for Medicare and Medicaid; trend review and analysis; and forecasting and underwriting. 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. And people are mad about it, says Casey Schwarz, senior counsel for education and federal policy at the Medicare Rights Center. 2023 UnitedHealth Group. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Explore our stories to see our mission at work, find recent news releases, and read research offering solutions for addressing health care challenges and opportunities. Tim joined UnitedHealth Group in 2007 and has held a variety of financial and operational leadership roles with responsibility for planning and analysis, financial modeling for mergers and acquisitions, investor relations, and oversight of several financial operations functions. Youll want to ask your medical providers how often the plan rejects their care recommendations and why. 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. 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. Prior to joining UnitedHealth Group, Krista worked at Deloitte as a consultant in Strategy & Operations. 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. Kristas priority is improving the experience for clients, consumers, providers and employees. 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? Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Watch Video for Overview. 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 brings together the talents of more than 125,000 employees and they are at the heart of everything we do. A large anesthesiology grouprecently sued UnitedHealth, alleging the company has stifled competition. Kansas. Also on Wednesday, Witty announced a series of moves involving other top executives within the company. Witty joined the executive suite of UnitedHealth when he became CEO of Optum in March of 2018. As a practicing clinician in primary care and emergency medicine, she worked in private practice, as a government contractor, in a staff-model HMO and in academic medical centers. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov
Phone. For its 2021 fiscal year, UNITEDHEALTH GROUP INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. UnitedHealth Group Reports First Quarter 2023 Financial Results. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All rights reserved. Prior to this role, McMahon was president and chief operating officer, Optum. Kirsten Gorsuchis chief communications officer for UnitedHealthcare. For now, though, if youre in a Medicare Advantage plan or considering joining one, the only way to learn about its prior authorization practices is to ask doctors and hospitals in the plans network. Christopher Snowbeck covers health insurers, including Minnetonka-based UnitedHealth Group, and the business of running hospitals and clinics. 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. Here's how to do it, Decades ago, Minnesota tried to make mental health care access easier. Paul is responsible for providing strategic direction, developing and sponsoring financial objectives, and ensuring established financial targets are achieved for the business segment. 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.. 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. The American Medical Association says the new rules have taken important steps toward rightsizing the prior authorization process.. Often, the prior authorization is for more expensive services, such as an MRI or being transferred from a hospital to a skilled nursing facility. Many physicians and hospitals are mad about MA prior authorization policies, too, Schwarz adds. 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. 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. Our leaders understand our mission and translate it into action. 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. Kate Paris is the Vice President of Advocacy, Marketing & Policy at UnitedHealthcare Community & State. All rights reserved. The information shown here is a reporting of information included in the company's proxy statement. Optum also runs a fast-growing division that provides patient care through clinics, surgery centers and facilities for urgent care. 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. Mary has also been the chief actuary for Medicare & Retirement and led the actuarial, underwriting and health care economic functions. 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. UnitedHealth Group Reports First Quarter 2023 Financial Results. In addition, Mary provides strategic advice regarding UnitedHealthcares product offerings and positioning, quality programs, value-based arrangements, and advocacy with external stakeholders. 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. 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. 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. And, shes been instrumental in advancing social determinants of health and health equity strategies. Andrew Witty's changes include a new leader for UnitedHealthcare. 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. UnitedHealthcare contributed $200 billion of the companys $257 billion in revenue last year, according to UnitedHealths most recent earnings report. 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. All Rights Reserved. You may also find the annual proxy statement by going directly to the company's website. Copyright FactSet Research Systems Inc. All rights reserved. Find a job or career in a culture that's inspired every day to connect the world to better health, one person at a time. Stay up-to-the-minute on the latest headlines from UnitedHealth Group. Tim Spilker is the chief executive officer of UnitedHealthcare Community & State. From 2008 to 2017, Witty was CEO and a director of the leading pharmaceutical manufacturer GlaxoSmithKline plc (GSK). Terms & Conditions. You may opt-out by. 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. Prior to joining UnitedHealth Group, Tim held a variety of financial and operational leadership roles, most recently for Northwest Airlines where he was extensively involved in the bankruptcy reorganization process. But in reality, it often keeps people from getting medical care their doctors recommend and leads them to pay more for their health problems and concerns. An American Medical Rehabilitation Providers Association (AMRPA) survey of rehab hospitals and units found that MA plans overrule rehabilitation physician judgment 53% of the time. "Brian's 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 in a prepared statement. Our leaders are dedicated to solutions that strengthen physical, social and economic health. Thad Johnson is chief legal officer of UnitedHealthcare and head of external affairs for UnitedHealth Group. 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 Thompson Chief Executive Officer Anne Docimo Chief Medical Officer Kirsten Gorsuch Chief Communications Officer Thad Johnson Chief Legal Officer Tim Noel Chief Executive Officer, Medicare and Retirement 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. Previously, Krista was chief growth and experience officer for UnitedHealthcare, where she led strategy and growth across all four lines of business commercial, Medicare, Medicaid and global and accelerated the companys focus on key stakeholders. The company was founded by Richard T. Burke in January 1977 and is headquartered in Minnetonka, MN. Serving approximately 5.5M members with health care benefit plans and services in Brazil, Chile, Colombia, Peru and Portugal. UnitedHealthcare's key executives include Brian Thompson and 16 others. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. UnitedHealth Group More Neil de Crescenzo Chief Executive Officer Optum Insight More Wyatt Decker, M.D. 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. UnitedHealth still made $2.2 billion in the fourth quarter though that number was down significantly from the more than $3.5 billion the company made in the fourth quarter of 2019. Jeff Putnamis the chief financial officer for UnitedHealthcare. Tim earned an undergraduate degree from Northwestern University, an MBA from Harvard Business School, and a Masters in Healthcare Delivery Science from Dartmouth College. Wichmann joined UnitedHealth Group in 1998 and became its CEO in September 2017. 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. Meet the people who are guiding us on our mission to help people live healthier lives and help make the health system work better for everyone. United Healthcare is part of the Insurance industry, and located in Minnesota, United States. Prior to joining UHC, she held positions of increasing leadership with Prudential Health Care and Aetna U.S. Healthcare. Mary oversees all operations in UnitedHealthcares Employer & Individual Global markets. UnitedHealth Group is dedicated to continuously improving the quality of our performance for consumers, customers, care providers and our shareholders. She has more than 25 years of experience in health care and has worked with a variety of managed care entities, including insurance carriers and providers, across all lines of business. In a 2022 American Medical Association survey, 94% of the 1,001 doctors polled said prior authorization delayed medical care. Chief Executive Officer (Health Plan of Texas) Email. Witty said he looked forward to leading the new executive team at UnitedHealth, which includes Dirk McMahon, who Thursday was named the companys President and chief operating officer and John Rex, the chief financial officer. Cornell still received $34.2 million in payment from salary, bonuses and cashing in stock. This role also supports UHCs financial objectives and accurately monitors and reports progress to the executive team. UnitedHealthcare is an operating division of UnitedHealth Group, the largest single health carrier in the United States. 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. Dartmouth College. Kate received her Masters of Public Administration from the University of North Dakota and her bachelors degree from the University of Minnesota Morris. Dr. Docimo has served as a physician leader in the evolving health care marketplace for more than 20 years. He also served as an advisor to the UK Government Vaccine Taskforce. He joined the company in 2012 as executive vice president and CFO of Optum. Leadership | UnitedHealthcare Community & State National Leadership Local Leadership Contributing Authors Leadership Our leaders are dedicated to solutions that strengthen physical, social and economic health. Dave is an outstanding leader, and the Board and I are deeply appreciative of his contributions to the companys continued success, Hemsley said. 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. Contact Us | UnitedHealthcare Community & State Our Purpose Leadership National Advisory Boards Partnerships & Innovations Contact Us Understanding Medicaid Contact Us Choose your state to connect with your local team. . Tim Noelserves as chief executive officer of UnitedHealthcares Medicare & Retirement business. Fundamental company data and analyst estimates provided by FactSet. Prior to this role, McMahon was president and chief operating officer, Optum, with responsibility for driving Optum's enterprise performance overall and directly overseeing Optum Insight, Optum Technology, Operations, Optum Administration and business and corporate strategy. In addition to her career at UHC, Vicki has served on the American Lung Association North Florida Advisory Board and was prior President of the Board. Timothy Spilker. Prior authorization denials should come quickly, as should appeals decisions, Jain says. Prior to being named CEO in 2022, Dan served as chief financial officer of UnitedHealthcare Employer & Individual. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Download the full 2021 Sustainability Report to learn what sustainability means to us. Philip has been with UnitedHealth Group for more than 20 years. The OptumRx segment offers pharmacy care services. Because peoples lives are at stake, he adds. Others dont want to deal with the bureaucracy, forms, and delays in the appeals process. Mary Murley is chief executive officer of UnitedHealthcare Employer & Individual Global. He previously served as a UnitedHealth Group company director. 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,
Reveal for Free. Medicare For people 65+ or those under 65 who qualify due to a disability or special situation Medicaid For people with lower incomes Dual Special Needs Plans (D-SNP) For people who qualify for both Medicaid and Medicare Individuals and familiesSkip to Health insurance Supplemental insurance Dental Vision Short term health insurance Connect with nationally recognized specialists from the comfort of your home for an expert second opinion. For its 2021 fiscal year, UNITEDHEALTH GROUP INC, listed the following board members on its annual proxy statement to the SEC. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. I am deeply honored to help guide one of the most consequential organizations in health care, where our responsibility is to execute flawlessly and deliver on our potential each day, Witty said in a statement. Additionally, Craig develops strategies and solutions to bring enhanced quality and efficiency to the health care system. 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.
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