Mark Bertolini named new CEO of Oscar Health
Bertolini is a national healthcare thought leader and former chairman and CEO of Aetna.
Mark Bertolini
Photo courtesy of Oscar Health
Insurtech Oscar Health has named Mark Bertolini as its new chief executive officer, with Bertolini slated to officially take over the role on April 3.
Cofounder Mario Schlosser will transition to president of technology, reporting to Bertolini. In the new role, Schlosser will lead product and engineering, with a focus on building up Oscar's technology platform.
Schlosser said in a statement that he and Bertolini "share a vision" for the future of healthcare.
"By pairing my passion in tech with Mark's extensive expertise in building and scaling companies, we are well-positioned to continue to execute our strategy for profitability, set Oscar up for continued growth, and deliver enhanced value for our members and shareholders," he said.
WHAT'S THE IMPACT?
Bertolini is a national healthcare thought leader and former chairman and CEO of Aetna. During his tenure at Aetna, Bertolini led the company's transition from a traditional health insurance company to a consumer-oriented healthcare company.
He has a long history of advocating for increased consumerism, higher levels of value-based care and more digitization in healthcare, said Oscar.
Before joining Aetna, Mark held executive positions at Cigna, NYLCare Health Plans and SelectCare, where he was president and CEO.
Most recently, he served as Bridgewater's co-CEO, and previously as co-chairman of the operating board. He remains an outside director on Bridgewater's operating board of directors, and serves as a director of Verizon Communications, Massachusetts Mutual Life Insurance Company, Thrive Global and the FIDELCO Guide Dog Foundation.
Schlosser will continue as a member of the board of directors, and the board will be expanded to add Bertolini.
THE LARGER TREND
Oscar Health began to draw back on its Medicare Advantage business last November in a bid to focus more on its Affordable Care Act marketplace plans. Oscar is also looking at its technology stack platform +Oscar that is available to payers and providers.
Last after a year in which the company struggled financially, Bright Health Group said it would be exiting six markets and would no longer offer individual or family plans in Illinois, New Mexico, Oklahoma, South Carolina, Utah or Virginia.
Twitter: @JELagasse
Email the writer: Jeff.Lagasse@himssmedia.com
