Displaying items by tag: Priority Health
On the surface, the position appears completely counter to what a business organization would typically advocate.
As COVID-19 emerged last spring and closed physician offices for non-essential care — forcing connections with patients via telehealth platforms — health insurers began to pay doctors the same for virtual visits as they do for in-person care.
Praveen Thadani starts as Priority Health’s new president this month, moving from Humana Inc. in Chicago, where he’s worked for more than seven years. He started at Humana as Illinois market president then led strategic planning across several business lines as senior vice president of strategy, product and innovation. A veteran health insurance executive with 25 years of industry experience, Thadani succeeds Joan Budden, who retired at the end of 2020 after 12 years with Priority Health, including the last five as CEO. Thadani is expected to take on the new role in early January.
Joan Budden retires Dec. 31 as CEO of Priority Health, Michigan’s second-largest health plan with more than 1 million people statewide enrolled in policies. As she prepares to depart after 12 years with the Grand Rapids-based Priority Health, the last five as CEO, Budden expects COVID-19 pandemic will continue to cause disruptions. That includes within Priority Health, which had to adjust its operations because of state-ordered restrictions, as well as with the broader trend toward increased use of telehealth services, Budden told MiBiz.
GRAND RAPIDS — Praveen Thadani, a veteran health insurance executive with 25 years of industry experience, becomes Priority Health’s new president early next month.
Here's the MiBiz Growth Report for December 6, 2020.
Priority Health plans to give large employers a rebate early next year on their employee health coverage, a result of lower medical claims from the COVID-19 pandemic.
As reports continue to rank Michigan as one of the least competitive markets in the nation, the statewide trade group representing HMOs wants to ensure that insurance carriers are able to pursue business when employers bid out employee health coverage.
Health insurance open enrollment for 2021 starts Nov. 1 with small increases in rates for individual and small employer health care policies.