Del Vecchio has been with MVP since 2014 -- first as its executive vice president of strategy and innovation, then as its chief operating officer. A year ago, he was named president as well as COO.
MVP is one of the largest private-sector employers based in the
Del Vecchio told
"You won't see us crashing our strategy or doing something different," he said. "For us it's about growth."
MVP has grown organically and through acquisitions to the point that it has members in every
Del Vecchio, 53, and his wife, Sara, live in
He was born and raised in the Mont Pleasant neighborhood of
He went on to attend
Del Vecchio pursued the first degree, in pharmacy, because he wanted to help people. He pursued the second, an MBA specialized in health systems, because he wanted to help more people.
"I really liked helping people," he said. "I wanted to make a difference in more people's lives and make a difference in health care."
Del Vecchio was a working pharmacist for a year after graduation then a few more years while earning the MBA, then founded and ran
Del Vecchio eventually sold
Along with its growth in membership and revenue in recent years, MVP has steadied its finances. After recording losses in the half-percent range for a couple of years, the insurer has been in the black since 2015. Its margin was just over 1 percent in 2018. It's a non-profit but maintains a reserve fund that allows it to meet unexpected expenses or float a single-year loss.
Nonetheless, Del Vecchio said, "We do work on a very thin margin."
As such there are multiple moving targets that could alter MVP's finances:
"That's kind of the backdrop, those are the things that I think about," Del Vecchio said. "It's not the one big thing, it's the sum of the little things."
(Single-payer health-care -- administered by the state and funded with state taxes -- wouldn't be a little thing, he concedes.)
"I think about those things but at the same time I think of our members," Del Vecchio said. A majority of Americans don't have money saved for unexpected medical expenses, he explained, and it is MVP's mission to help members stay healthy while protecting them from those costs.
The organization is, he believes, large enough to have influence but small enough to be agile and adjust to whatever changes await the healthcare industry.
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