New AmeriHealth Caritas CEO Kelly Munson is revamping management at the Medicaid insurer
Aug. 27—AmeriHealth Caritas, one of the nation's largest Medicaid insurers, has revamped its top management under a new CEO and after failures to win new state Medicaid contracts this year.
The Medicaid-managed care company's general counsel, chief medical officer, and chief development officer are departing this week. Its chief financial officer, who's been at the company for less than three years, will retire at the end of the year, Munson said.
Munson also announced the appointment of two veteran executives from
"We are excited to evolve our leadership team in support of our vision to improve health outcomes and health equity for the populations we serve," AmeriHealth Caritas said in a statement. "We are confident that the changes to our structure and addition of senior leaders with significant industry experience will strengthen our ability to deliver on our mission to help people get care, stay well, and build healthy communities."
New hires from
Also onboarding that day is
Headquartered in
In an internal move,
Departures as AmeriHealth Caritas takes financial hits
AmeriHealth Caritas had a strong 2023 financially, with
But this year, AmeriHealth Caritas has taken some hits. It lost a bid to remain in
The company, which employs about 9,800 people, laid off 102 employees last month, including 13 at its
In another development with potential financial consequences for AmeriHealth Caritas, the company will have well-known local competition for a form of Medicaid that pays for nursing homes, home care, and other long-term services for low-income seniors and disabled people who qualify for both Medicare and Medicaid.
In addition to Amstutz, the departing executives are:
1.
CFO
2.
General counsel
3.
Senior vice president and chief development officer
"I know this may feel like a lot of change," wrote Munson, who led
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