ARTHUR SOUTHAM, M.D. NAMED PRESIDENT AND CEO OF HSI'S HEALTH NET SUBSIDIARY.WOODLAND HILLS, Calif.--(BUSINESS WIRE)--June 6, 1996--Health Systems International, Inc. (NYSE NYSE See: New York Stock Exchange : HQ)(HSI), today announced the appointment of Arthur M. Southam, M.D. as president and chief executive officer (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ) of the company's Health Net subsidiary, effective July 1, 1996. Dr. Southam replaces Michael Gallagher, who held the posts on an interim basis until recently. Health Net is the largest network-model health maintenance organization (HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, ) in California with more than 1.3 million members in commercial and Medicare health plans. Dr. Southam, 39, joins Health Net from CareAmerica, another California HMO, where he was president and CEO. Dr. Southam had been at CareAmerica for 11 years. He was educated at Amherst College in Amherst, Mass. and received his M.D. from the School of Medicine at the University of California, Los Angeles UCLA comprises the College of Letters and Science (the primary undergraduate college), seven professional schools, and five professional Health Science schools. Since 2001, UCLA has enrolled over 33,000 total students, and that number is steadily rising. (UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX ). He also received a Master of Public Health degree from UCLA and a Masters degree in Business Administration from Pepperdine University. In addition, he is the current chairman of the California Association of HMOs (CAHMO), a position he will retain. Dr. Southam will report to HSI's new president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (COO), Jay Gellert, who was appointed to his new position last week. HSI also announced today the appointment of Michael Pugh as president and chief executive officer of QualMed, the company's other principal operating subsidiary. Mr. Pugh also reports to Mr. Gellert. Dale Berkbigler, M.D., former president of QualMed, has assumed the post of vice chairman of HSI's board of directors and chief medical officer for the company. "I am gratified that we have attracted Dr. Southam and Michael Pugh to lead our health plan subsidiaries," said Malik M. Hasan, M.D., chairman and chief executive officer of HSI. "Dr. Southam brings a wealth of operating experience and an intimate knowledge of the industry and is one of its leading spokesmen. Health Net will benefit from his outstanding leadership." In commenting on the appointment, Dr. Southam said, "It is an honor to have the opportunity to lead Health Net, long a leader in the California health care community. My first goal is to build on the company's long-standing commitment to high quality health care and to outstanding service. "I also look forward to strengthening the partnerships between Health Net and the more than 30,000 dedicated physicians who provide care to our members. These relationships are essential to our continued success," Dr. Southam added. "Dr. Southam and Michael Pugh are vital members of our new HSI management team. I look forward to working closely with them as we seek continued growth, new provider partnerships and increased efficiency," said Jay Gellert, president and COO of HSI. Health Systems International is one of the largest health maintenance organizations (HMOs) in the United States. It serves more than 1.9 million full-risk HMO and Administrative Services Only (ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there ) members in nine states: California, Colorado, Connecticut, Idaho, New Jersey, New Mexico, Pennsylvania, Oregon and Washington. It also owns Preferred Health Network, Inc. (PHN Postherpetic neuralgia (PHN) The term used to describe the pain after the rash associated with herpes zoster is gone. Mentioned in: Shingles PHN Postherpetic neuralgia, see there ), a preferred provider organization pre·ferred provider organization n. Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan. (PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there ) network with 4.8 million members in 36 states. For five years in a row, HSI or QualMed, Inc., a predecessor company to HSI, has been included on Fortune Magazine's list of America's 100 fastest growing companies. CONTACT: Health Systems International David Olson, 818/719-6978 |
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