Blue Cross executive Cain Hayes makes the case for diversity in health care firms
It is one reason why
Hayes came to
Q: When you think about the health insurance industry, is there a lack of diversity?
A: I believe the industry has some opportunity to really do better from a diversity standpoint. The way I think about diversity is really across multiple spectrums. Certainly, there's racial diversity, there's gender diversity, there's diversity across age demographics. It's critically important that organizations that are in the health care space -- whether it's a health payer like
Q: Shortly after taking office, President
A: I remember when this photo went out, and that's kind of a proof point to what I was talking about before. I imagine if he had taken a picture with executives from financial services, whether it be banking or other, it would probably be a pretty similar picture.
Q: Whether it's gender or race or ethnicity, what must organizations like
A: It needs to be a deliberate and proactive effort, vs. either reactive or assuming it's going to happen through natural processes. To have a focus on diversity, it requires every leader in the organization having accountability for ensuring that they have a diverse team. The natural question is: How do you do that? There needs to be incentives, there needs to be all the requisite mechanisms that would be in place to ensure that you're holding leaders accountable for that diversity. And knowing the numbers. In order to improve diversity, it's important to know where you stand today. And so you kind of identify what the gaps are -- that's important -- but then putting the plans in place to close those gaps. Ensuring that when you have candidate pools, that you have a diverse candidate pool. My experience is it doesn't happen by accident, it needs to be a deliberate focus. Because again, the companies are going to be better for having diversity because you're going to be able to serve your customer base more effectively.
Q: Beyond diversity matters, what do you see as the challenges for
A: Our challenges are centered around two things, one -- and this is emblematic of challenges around the industry -- it's continuing to focus on the affordability of health care. Getting at cost, reducing cost for our members, making health care more affordable. In this country we spend
Q: In the past year or so,
A: Not necessarily. As we think about our strategy going forward there are parts of the company, just as in any business, that you're going to grow and expand, and there are other parts of the business where you're going to contract. ... We operate the business based on what's needed to meet the needs of our customers.
Twitter: @chrissnowbeck
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