In 2012, he stepped in as interim CEO of Best Buy. Our differentiated approach aligns care delivery with the financing of care to drive better outcomes, lower costs, and enhance the consumer experience. He holds a Bachelor of Arts from the University of St. Thomas. Bright Health is a tech-enabled healthcare delivery company focused on the consumer retail sector. 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. Michael Carson and Jeffrey Cook to Join as Leaders of Bright HealthCare and NeueHealth. This article was changed to reflect the resignation of Bright HealthCare CEO. From: Steve Kraus, Bob Goodman, Andrew Hedin. Carson will lead the Bright HealthCare business, which has reached scale, and will focus on driving core operational excellence, innovative consumer product and network solutions and profitable, sustainable growth. 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. Jay holds a Bachelor of Business Administration from the University of Notre Dame. Previously, Carson held leadership positions at Anthem, AmeriGroup, Blue Cross Blue Shield plans, and ConcertoHealth. 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.. Bright Health's key executives include Cathy Smith and 13 others. 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. Apr 21, 2022 www.startribune.com Frequently Asked Questions regarding Bright Health Before joining Bright Health, Jay served for six years as CFO of Blue Cross Blue Shield of Minnesota (BCBS MN). Prior to Healthcare Data Services, Jon co-founded White Stone Solutions, Inc., a technology company focused on data analysis and development tools, in 1999. Bright Health. $BHG - Bright Health Group, Inc. (BHG) CEO Mike Mikan on Q3 2022 Results - Earnings Call Transcript. Throughout his career, Cook has consistently led initiatives that are at the forefront of value-based care and consumer-driven healthcare. Carson and Cook will be joining the organization in June. At Bright Health Group, we are on a journey to help people live healthier and brighter lives. 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. This suggests a possible upside of 195.3% from the stock's current price. Carson brings deep experience across the payer and provider space, along with a passion for integrated and transformative healthcare innovation that drives better healthcare outcomes, experiences, and value. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. 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. 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. 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. You can sign up for additional alert options at any time. 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. As president and CEO, Mike sets the strategic direction and oversees day-to-day operations of the company. 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 Group, Mike was chairman and CEO of Shot-Rock Capital, a Minneapolis-based private investment firm. Bright Health Group is the first technology-enabled, Fully Aligned System of Care built for healthcare's consumer retail market. Before we begin, we want to remind you that this call. Bright HealthCare uses Availity.com as a Provider Portal to connect with your practice in a protected and streamlined way. 46% of employees would recommend working at Bright Health Group to a friend and 36% have a positive outlook for the business. Bright Health Group. Together. " 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. Alignment Healthcare Inc ALHC: The company went public last June, raising close to $1 billion - a record for initial public offerings by an insurer - but reported a $1.2 billion loss in '21. 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. 515 Congress Ave Austin, TX, 78701 Get Directions Bright Health Group Austin, TX Reviews 5.0 Current Employee, more than 3 years 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. 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. 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. Mike Mikan, Vice Chairman, CEO and President. If you experience any issues with this process, please contact us for further assistance. Together. MINNEAPOLIS--(BUSINESS WIRE)-- 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. Bright Health Company of Arizona is licensed in Arizona. Sam Srivastava, current CEO of NeueHealth, will serve as a strategic advisor through the end of May to ensure a smooth transition. As president and CEO, Mike sets the strategic direction and growth of the company. 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. Stephen Hagan 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. By providing your email address below, you are providing consent to Bright Health Group, Inc. to send you the requested Investor Email Alert updates. 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. Cook will lead NeueHealth, Bright Health Groups personalized care delivery business, which has emerged as a differentiated market player. Investor For more information, visit www.brighthealthgroup.com. President & Chief Executive Officer at Bright Health Group. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. ET. . The two will both start in June and report to CEO Mike Mikan. 52 Ratings. This rating has decreased by -8% over the last 12 months. Bright Health's CEO made $2.3 million in 2021 but proxy reveals it could be much more. Jon comes to Bright Health with years of experience in data analysis tools and technology for the health care sector. "We are actively working to satisfy our capital needs through 2023 and beyond," a Bright Health spokesperson told the Star Tribune. Bright Health Group, Inc. (BHG) CEO Mike Mikan on Q3 2022 Results - Earnings Call Transcript Markets One News Page: Wednesday, 9 November 2022 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. Founders Robert John Sheehy. It . RT @SeekingAlpha: $BHG - Bright Health Group, Inc. (BHG) CEO Mike Mikan on Q3 2022 Results - Earnings Call Transcript. 2021 compensation package: As president and CEO, Mike sets the strategic direction and oversees day-to-day operations of the company. April 24, 2020 Minneapolis-based Bright Health Inc. has tapped G. Mike Mikan as its new CEO. Mike serves as vice chairman, president, and CEO of Bright Health. 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. The shares of the health insurance company fell below the IPO price on its public debut even after the company downsized the public offering. 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.. You can sign up for additional alert options at any time. 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. Motley Fool Transcribing | Nov 11, 2021 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. 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. Investor Stephen Hagan Bright Health Group has entered an agreement to acquire Los Angeles . Mike serves as vice chairman, president, and CEO of Bright Health. Chief Financial and Administrative Officer. from the University of San Diego and a bachelors degree from American University in Washington, DC. Operating Status Active. If you experience any issues with this process, please contact us for further assistance. However, the shares have recovered this year with a gain of more than a tenth of value. 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. Date: March 21, 2016. Prior to Healthcare Data Services, Jon co-founded White Stone Solutions, Inc., a technology company focused on data analysis and development tools, in 1999. 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. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared . 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. IT Department. **Pediatric Dental coverage included with all Bright HealthCare Individual Plans for children up to age 19. Bright Health Group Inc. CEO is G. Mike Mikan. Please. Add to watchlist. Business 600166898 Bright Health's CEO made $2.3 million in 2021 but proxy reveals it could be much more. Brett holds a bachelors degree from Boston College. 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 . NeueHealth provides care delivery and value-based enablement services to over 500,000 value-based patients through our owned and affiliated clinics. BHG stock has a five-year performance of %. Covered Lives . Is this happening to you frequently? 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). Approve of CEO. . Mike Mikan President and Chief Executive Officer Bright Health Group 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. Jon Porter CEO, DocSquad, and Chief Product Officer Jon serves as the chief product officer of Bright Health. Bright HealthCare offers Commercial and Medicare health plan products to over one million consumers across the nation. CEO Brad Kittredge has seen a lot during a career at Jawbone and 23andMe prior to co-founding Brightside. 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. Our mission is to Make healthcare right. Jay is a seasoned finance and operational executive with deep expertise in the insurance business. 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. Today, Bright HealthCare serves consumers across multiple product lines in 17 states. At Bright Health Group, Inc., we promise to treat your data with respect and will not share your information with any third party. #trading IR@brighthealthgroup.com, Media 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. Bright HealthCare is a diversified healthcare financing and distribution platform that aggregates and . Prior to White Stone Solutions, he worked in the data quality and integrity group at Deloitte & Touche LLP. Bright Health Group has an overall rating of 3.2 out of 5, based on over 144 reviews left anonymously by employees. https://seekingalpha.com/article/4555453-bright . We have two market-facing businesses: NeueHealth and Bright HealthCare. 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. Prior to White Stone Solutions, he worked in the data quality and integrity group at Deloitte & Touche LLP. Health Plan Care Partner model to 13 new markets across 6 states for 2020. 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. Sam Srivastava, current CEO of NeueHealth, will serve as a strategic advisor through the end of May to ensure a smooth transition. * Benefits listed are not included on all plans. Also Known As Bright Health Management. The company laid off 150 workers in March. Mike is a seasoned operator in managed care and a transformational leader in healthcare and consumer-facing businesses. This rating has decreased by -9% over the last 12 months. Our mission is to Make healthcare right. The one-year performance of Bright Health Group Inc. stock is -88.23 %, while year-to-date (YTD) performance is -70.06 %. Get Contact Info for All Departments. For the 2023 plan year, we're focusing on providing Medicare Advantage plans in eleven counties across Florida. 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. You must click the activation link in order to complete your subscription. 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. (BHG 0.98%) Q4 2021 Earnings Call Mar 02, 2022, 8:00 a.m. Brightside Health treats serious mental health issues via telehealth. The Colorado Department of Insurance fined the . He succeeded Bob Sheehy. 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. 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. 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. Linkedin; Mohamad Makhzoumi, Director. Leading the call today are Bright Health Group's President and CEO, Mike Mikan, and CFO and Chief Administrative Officer, Cathy Smith. 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. Their BHG share price forecasts range from $2.00 to $4.00. Said Mikan, ". Phone Number 888-974-0199. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The Bloomington, Minn.-based company's CEO Mike Mikan received a compensation package last year that topped $180 million, according to a proxy statement filed April 15. 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. Before that, Jeff served as the South Central Regional President of CVS Health/Aetna and held various leadership positions at Ascension Health and UnitedHealthcare. and 10; others. 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. Jeff serves as the Chief Operating Officer of Bright Health. Mike Mikan is Bright Health Group's CEO. Jay Matushak, current Interim CEO of Bright HealthCare, will. Mike serves as a director of AutoNation, Princeton Private Investments Access Fund, and Ellington Income Opportunities Fund. Bright Health Group Expands Executive Team as It Drives Performance in Scaled Businesses. Financial results from 2021 show that it was a rough year for Bright Health. For more information, visit www.brighthealthgroup.com . Prior to BCBS MN, Jay spent fifteen years at UnitedHealth Group in various financial leadership roles within Optum and UnitedHealthcare. Bright Health Group's (BHG) CEO Mike Mikan on Q2 2022 Results - Earnings Call Transcript. Its 52-week range is between 0.8 and 9.13, which gives BHG stock a 52-week price range ratio of 2.76%. Prior to Bright Health, Jeff served as national Vice President of CVS Health HUBs, CVS suite of HUB clinical services. 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 is a health insurance company providing individual and family health insurance services. She has also held CFO positions at Walmart International, GameStop, and others. Jon comes to Bright Health with years of experience in data analysis tools and technology for the health care sector. Manny serves as the lead independent director of the board of directors of Bright Health Group, Inc. 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