Intelligence Unit
Special Reports
Special Events
Subscribe
Sponsored
Departments
- Leadership
- Finance
- Technology
- Physicians
- Community Hospitals
- Health Plans
- Marketing
- Quality
- Nursing
- HR
Follow Us
WellPoint CEO Angela Braly Makes Her Exit
Braly herself was also something of a poster child for an industry often portrayed as out of touch with the realities of the needs of its members. Consumer WatchDog, a consumer advocacy group, called her "the health insurance world's Marie Antoinette" for what it considers insensitive remarks about members who struggle to pay their health insurance premiums.
According to the SEC Form 8-K filed bright and early Wednesday morning on WellPoint's investor page, Braly will remain on the WellPoint payroll through the end of 2012. No other details regarding her exit package have been released.
Press reports have placed her annual salary at just over $1 million; her annual compensation package, which includes various stock options and performance bonuses, has been estimated at more than $13 million.
The big question now is who will replace Braly at the helm of WellPoint? According to the press release that announced Braly's departure, the company will hire a search firm to review internal and external candidates.
Various analysts and investor groups have tossed out the names of a number of potential candidates. James Carlson, the CEO of Amerigroup, seems to be on many lists. Carlson was already expected to move into WellPoint's inner sanctum of leadership once the acquisition of Amerigroup is complete.
This is the first significant management change among the major health plans since healthcare reform became law. Expect all eyes to remain on this hiring process.
Margaret Dick Tocknell is a reporter/editor with HealthLeaders Media.
- $6.4B Henry Ford, Beaumont Merger Failed on Cultural Hurdles
- How Chargemaster Data May Affect Hospital Revenue
- Primary Care Docs Average More Hospital Revenue Than Specialists
- House Lawmakers Grill CMS Over Health Exchange Navigators
- Fortunately, Angelina Jolie Isn't On Medicare
- ED Physicians Key to Half of Hospital Admissions
- Don't Let Nurses Sink Your Bottom Line
- Insurer's App Aims to Lower Healthcare Costs, Securely
- 69% of Employers Plan to Offer Healthcare Coverage After 2014
- Uncompensated Care Faces a Double Hit in Some States
Comments are moderated. Please be patient.
MayoVictim (8/29/2012 at 4:30 PM)
Lots of female CEOs biting the dust recently: Ebay, Hewlett-Packard, Yahoo, Bank of America and others. The moral of the story is that in business the P & L account trumps PC every time.