bright health group ceo

Financial Officer, Jay Matushak, on an interim basis. 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. Michael and Jeff both bring strong expertise in their respective domains, and most importantly, have a passion for and expertise in fully aligned, value-based care, said Mike Mikan, President and CEO, Bright Health Group. This was corrected on 02/14/2022 at 12:38 PM. He serves as Chairman and CEO of MBB Auto Group, a premium luxury retail automotive group with a number of dealerships in the Northeast and Texas, a position he has held since 2012. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared . The Colorado Department of Insurance fined the . This suggests a possible upside of 195.3% from the stock's current price. 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. * Benefits listed are not included on all plans. CEO Mike Mikan realized $2.3 million in 2021 but the proxy reveals grant date value. Business 600166898 Bright Health's CEO made $2.3 million in 2021 but proxy reveals it could be much more. Mike serves as vice chairman, president, and CEO of Bright Health. 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. Bright Health Group, Inc. (BHG) Q3 2021 Earnings Call Transcript BHG earnings call for the period ending September 30, 2021. This article was changed to reflect the resignation of Bright HealthCare CEO. From: Steve Kraus, Bob Goodman, Andrew Hedin. Prior to White Stone Solutions, he worked in the data quality and integrity group at Deloitte & Touche LLP. Bright Health Group, Inc. (BHG 0.98%) Q4 2021 Earnings Call Mar 02, 2022, 8:00 a.m. Bright HealthCare offers Commercial and Medicare health plan products to over 1.1 million consumers across the nation. Previously, Carson held leadership positions at Anthem, AmeriGroup, Blue Cross Blue Shield plans, and ConcertoHealth. Today, Bright HealthCare serves consumers across multiple product lines in 17 states. 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 We recommend a tranched $28.8M ($16.2M upfront) investment as part of Bright Health's $80M Series A at a $37.5M pre-money, inclusive of a 10% unallocated pool. 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. At Bright Health Group, Inc., we promise to treat your data with respect and will not share your information with any third party. Bright Health Group, Inc. 8000 Norman Center Drive Suite 1200 Minneapolis, MN 55437 United States 612 238 1321 https://www.brighthealthgroup.com Sector (s) : Healthcare Industry : Healthcare. 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. Our mission is to Make healthcare right. Please. 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. The shares of the health insurance company fell below the IPO price on its public debut even after the company downsized the public offering. Linkedin; Mohamad Makhzoumi, Director. Is this happening to you frequently? We believe everyone should have access to personal, affordable, and high-quality healthcare. Chief Financial and Administrative Officer. 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. Jay Matushak, current Interim CEO of Bright HealthCare, will. Mikan replaces Bob Sheehy, a cofounder of the company who has served as CEO since it began in. Bright HealthCare is a diversified healthcare financing and distribution platform that aggregates and . 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. 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. Operating Status Active. Bright Health Group has an overall rating of 3.2 out of 5, based on over 144 reviews left anonymously by employees. Founders Robert John Sheehy. Jeff serves as the Chief Operating Officer of Bright Health. As president and CEO, Mike sets the strategic direction and oversees day-to-day operations of the company. Prior to BCBS MN, Jay spent fifteen years at UnitedHealth Group in various financial leadership roles within Optum and UnitedHealthcare. As president and CEO, Mike sets the strategic direction and growth of the company. IT Department. Also Known As Bright Health Management. Jon comes to Bright Health with years of experience in data analysis tools and technology for the health care sector. 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.. Mike is a seasoned operator in managed care and a transformational leader in healthcare and consumer-facing businesses. Leading the call today are Bright Health Group's president, and CEO. For more information, visit www.brighthealthgroup.com . 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. Re: Bright Health Series A IR. 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 . from the University of San Diego and a bachelors degree from American University in Washington, DC. These proven leaders, reporting directly to Bright Health Group CEO Mike Mikan, will focus on leading the Companys two complementary businesses, as Bright HealthCare has gained scale, and NeueHealth emerges as a differentiated market player. 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.. Throughout his career, Cook has consistently led initiatives that are at the forefront of value-based care and consumer-driven healthcare. Contact Email info@brighthealthplan.com. Investor Stephen Hagan On average, they anticipate the company's share price to reach $2.81 in the next year. Sam Srivastava, current CEO of NeueHealth, will serve as a strategic advisor through the end of May to ensure a smooth transition. Looking for the fastest way to check patient benefits, submit a claim, or an electronic prior authorization? At Bright Health Group, Inc., we promise to treat your data with respect and will not share your information with any third party. Our mission is to Make healthcare right. Bright Health Group. You must click the activation link in order to complete your subscription. Prior to Bright Health, Jeff served as national Vice President of CVS Health HUBs, CVS suite of HUB clinical services. Brett holds a bachelors degree from Boston College. Apr 21, 2022 www.startribune.com Frequently Asked Questions regarding Bright Health Prior to athenahealth, Jon was CEO and co-founder of Healthcare Data Services (acquired by athenahealth in 2012), where he was responsible for the companys strategic technology, product development, and engineering initiatives, leading the company to success in the health care market. He will continue to grow and develop our Integrated Systems of Care. 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. naotake/iStock via Getty Images Bright Health Group (NYSE: BHG) announced that Chief Executive Officer of Bright HealthCare Simeon Schindelman has decided to resign from his position with. The company has an average price target of $4.12 with a high of $5.50 and a low of $2.00. Jeff holds a J.D. NeueHealth provides care delivery and value-based enablement services to over 500,000 value-based patients through our owned and affiliated clinics. 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. Last Funding Type Series A. IR@brighthealthgroup.com, Media However, the shares have recovered this year with a gain of more than a tenth of value. 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. Bright Health Group is the first technology-enabled, Fully Aligned System of Care built for healthcare's consumer retail market. Jay holds a Bachelor of Business Administration from the University of Notre Dame. Mike Mikan. As a reminder, this call is being recorded. April 24, 2020 Minneapolis-based Bright Health Inc. has tapped G. Mike Mikan as its new CEO. Michael Carson and Jeffrey Cook to Join as Leaders of Bright HealthCare and NeueHealth. As president and CEO, Mike sets the strategic direction and oversees day-to-day operations 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. If you experience any issues with this process, please contact us for further assistance. 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. Jon holds a Bachelor of Science in business administration with a focus in accounting and management info systems from Babson College. **Pediatric Dental coverage included with all Bright HealthCare Individual Plans for children up to age 19. Mike served as CFO at UnitedHealthcare before being named executive vice president and CFO of UnitedHealth Group (NYSE: UNH) in 2006. Bright Health employs 126 employees. You must click the activation link in order to complete your subscription. Mike serves as a director of AutoNation, Princeton Private Investments Access Fund, and Ellington Income Opportunities Fund. Jay is a seasoned finance and operational executive with deep expertise in the insurance business. Prior to joining Target, Cathy served as executive vice president and chief financial officer at Express Scripts, a Fortune 20 company and the nations largest pharmacy benefit manager with over $100 billion in revenue. 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. Before that, Jeff served as the South Central Regional President of CVS Health/Aetna and held various leadership positions at Ascension Health and UnitedHealthcare. As COO, Jeff oversees the day-to-day operations of the company, including leading our NeueHealth and Senior Managed Care businesses. 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). Previously, Cook served as national Vice President of CVS Health HUBs, CVS suite of HUB clinical services. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Aug 10, 2022. seekingalpha.com. As president and CEO, Mike sets the strategic direction and oversees day-to-day operations of the company. 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. Before joining Bright Health Group, Mike was chairman and CEO of Shot-Rock Capital, a Minneapolis-based private investment firm. Bright Health Group's (BHG) CEO Mike Mikan on Q2 2022 Results - Earnings Call Transcript. Bright Health is an American health insurance company based in Minneapolis, Minnesota . Stephen Hagan Bright Health Group, Inc. (NYSE:NYSE:BHG) Q2 2022 Earnings Conference Call August 10, 2022, 8:00 am ET Company Participants Stephen Hagan - Director, IR Mike Mikan - President & CEO. In his role at Bright Health, Jeff oversees all state and federal legal, regulatory and compliance issues. 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. Bright Health Group has an overall rating of 3.2 out of 5, based on over 142 reviews left anonymously by employees. 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. It . 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. The Bright Health management team includes Catherine Murphy (Chief Operating Officer, Zipnosis), Jeffrey Zavada (Chief Revenue Officer (CRO)), and Brian Gambs (Chief Technology Officer) . Jeff serves as General Counsel and Corporate Secretary of Bright Health Group. In 2012, he stepped in as interim CEO of Best Buy. Bright Health Group Inc. CEO is G. Mike Mikan. 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. Bright Health Group Expands Executive Team as It Drives Performance in Scaled Businesses. Date: March 21, 2016. Health Plan Care Partner model to 13 new markets across 6 states for 2020. Let's make healthcare right. CEO Brad Kittredge has seen a lot during a career at Jawbone and 23andMe prior to co-founding Brightside. . Media@brighthealthgroup.com. 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. The Bright HealthCare Provider Portal A Faster Way. . 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. Prior to Bright Health, Jeff held several senior legal positions at MGM Resorts International, a multinational gaming, hotel, and entertainment company. 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. Musk takes over Twitter, fires CEO, other top execs. Carson will lead the Bright HealthCare business, which has reached scale, and will focus on driving . Add to watchlist. Together. Covered Lives . Mr. Carson will focus on core operations, consumer products, network solutions and profitable, sustainable growth. Bright Health's key executives include Cathy Smith and 13 others. ET. You can sign up for additional alert options at any time. Bright Health Group, Inc. (BHG) NYSE - Nasdaq Real Time Price. 52 Ratings. 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. 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. Mike serves as vice chairman, president and CEO of Bright Health Group, Inc. Mike is a seasoned operator in managed care and a transformational lea der in healthcare and consumer-facing businesses. Their BHG share price forecasts range from $2.00 to $4.00. 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. For the 2023 plan year, we're focusing on providing Medicare Advantage plans in eleven counties across Florida. MINNEAPOLIS--(BUSINESS WIRE)-- In addition to announcing its withdrawal from states, Bright Health Group also announced Tuesday it has raised $175 million of committed capital, which is expected to close in the coming weeks. Before joining Bright Health Group, Mike was chairman and CEO of Shot-Rock Capital, a Minneapolis-based private investment firm. 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. 515 Congress Ave Austin, TX, 78701 Get Directions Bright Health Group Austin, TX Reviews 5.0 Current Employee, more than 3 years Health Business Group is a boutique healthcare consulting firm that develops growth strategies for companies like Bright Cathy is a distinguished financial leader with a strong track record of delivering financial results in consumer-focused industries. For more information, visit www.brighthealthgroup.com. By Carrigan Miller - Reporter January 07, 2021, 02:51pm CST Updated 01/07/2021 3:10 pm. This rating has decreased by -9% over the last 12 months. The one-year performance of Bright Health Group Inc. stock is -88.23 %, while year-to-date (YTD) performance is -70.06 %. Jon comes to Bright Health with years of experience in data analysis tools and technology for the health care sector. Approve of CEO. Mike served as CFO at UnitedHealthcare before being named executive vice president and CFO of UnitedHealth Group (NYSE: UNH) in 2006. Bright Health Company of Arizona is licensed in Arizona. . You can sign up for additional alert options at any time. Bright HealthCare offers Commercial and Medicare health plan products to over one million consumers across the nation. At the time, Mikan said the "worse than expected performance" was linked to the level of growth seen . Before joining Bright Health, Jay served for six years as CFO of Blue Cross Blue Shield of Minnesota (BCBS MN). After submitting your request, you will receive an activation email to the requested email address. 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. $BHG - Bright Health Group, Inc. (BHG) CEO Mike Mikan on Q3 2022 Results - Earnings Call Transcript. He succeeded Bob Sheehy. Jon holds a Bachelor of Science in business administration with a focus in accounting and management info systems from Babson College. https://seekingalpha.com/article/4555453-bright-health-group-inc . Jon Porter CEO, DocSquad, and Chief Product Officer Jon serves as the chief product officer of Bright Health. 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. "As we step back and look at year-to-date 2021 compared to the first half of 2020, our growth and ability to . Bright Health is a tech-enabled healthcare delivery company focused on the consumer retail sector. Together. Mike Mikan President and Chief Executive Officer Bright Health Group 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. Bright Health Group is a health insurance company providing individual and family health insurance services. At Bright Health Group, we are on a journey to help people live healthier and brighter lives. Simeon Schindelman. $BHG - Bright Health Group, Inc. (BHG) CEO Mike Mikan on Q3 2022 Results - Earnings Call Transcript. Sam Srivastava, current CEO of NeueHealth, will serve as a strategic advisor through the end of May to ensure a smooth transition. 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. 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. Mike serves as vice chairman, president, and CEO of Bright Health. President & Chief Executive Officer at Bright Health Group. This rating has decreased by -8% over the last 12 months. 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. Prior to MGM, Jeff was an in-house attorney with Western Digital Corporation, a Fortune 500 hard drive manufacturer, and a corporate transactional attorney with Gibson Dunn, a leading international law firm. 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