Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Sutter Health announced the appointment of Stephen Nolte as chief executive officer of Sutter's recently announced health plan, currently in development.
Nolte, 52, begins his role December 31.
Since 2010, Sutter said that Nolte has served as principal vice president for health and human services consulting for OptumInsight (formerly Ingenix Consulting). In his consulting role, Nolte helped lead Sutter's health plan-related preparation and research activities over the past several months. This included overseeing the health care network's August application for a Knox-Keene License with the California Department of Managed Health Care (DMHC) - the first step toward the creation of a health plan.
After being licensed by the state, Sutter Health said that it expects HMO products would first become available in the greater Sacramento and Central Valley regions in 2014. Sutter Health will also seek the DMHC's approval to extend the HMO's service area to other parts of Sutter's service area. Sutter Health expects to begin marketing products in the fall of 2013.
An experienced leader in the health care industry, Nolte has served in general management roles for several large health insurance and managed care organizations for nearly three decades. Prior to joining Ingenix in 2007 as a senior executive, Nolte operated a successful consulting practice specializing in interim leadership for organizations in transition. He previously held key positions with United Health Group, Equicor health plan and subsidiaries, Pacificare Health Systems and Coventry Health Care in the Carolinas and Florida.
"Steve's background in driving operational rigor, strategic growth and operational efficiency makes him the ideal leader to build and introduce our health plan to the communities we serve," said Peter Anderson, Sutter Health senior vice president for strategy and business development.
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