Aetna Names Patricia Farrell to Head Aetna Dental.Business Editors HARTFORD, Conn.--(BUSINESS WIRE)--May 27, 2004 Aetna (NYSE NYSE See: New York Stock Exchange :AET AET Aetna, Inc. AET After Extra Time AET Actual Evapotranspiration AET Alliance for Environmental Technology AET Alpha-Ethyltryptamine AET Applied Extrusion Technologies, Inc. ) today announced that Patricia Farrell, a 15-year company veteran who has run a regional business and has a background in finance and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , has been named head of the Aetna Dental business. The announcement was made by Mark T. Bertolini, senior vice president of Aetna Specialty Products, which includes dental, pharmacy, group insurance, behavioral health Behavioral health was first used in the 1980's to name the combination of the fields mental health and substance abuse. As an example, an organization serving both mental health and substance abuse clients might refer to its practice as behavioral health or and other operations. Farrell will assume the leadership position for the 11.2 million-member dental business on June 1. "Pat will be responsible for all facets of the dental business, including efforts to grow membership, expand our networks and product offerings, and build both top- and bottom-line growth," Bertolini said. "She brings great experience to her new position, including her most recent role as head of strategic planning for the corporation, where she led the initiative to build Aetna's long-term strategic plan." Prior to serving as head of Aetna's strategic planning department, Farrell was the regional manager for the former Capitol Capitol, seat of the U.S. Congress Capitol, seat of the U.S. government at Washington, D.C. It is the city's dominating monument, built on an elevated site that was chosen by George Washington in consultation with Major Pierre L'Enfant. Region for Aetna, where she was responsible for the profitability, marketing, sales, patient management, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , network development and overall management activities for that business. She also served as regional finance officer and in various financial positions in Aetna Health Plans and National Accounts. She served as the chief of staff to Aetna's Chairman Ronald Compton from 1993-1995 as well as the chief of staff in the Office of the Chief Financial Officer from 1991-1993. Farrell began her career at Aetna in 1989 as director of financial reporting, in the Corporate Controller's office. She is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and has a B.S. degree from Quinnipiac College. As one of the nation's leading providers of health care, dental, pharmacy, group life, disability and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. benefits, Aetna puts information and helpful resources to work for its approximately 13.3 million medical members, 11.2 million dental members, 8.1 million pharmacy members and 12.4 group insurance members to help them make better informed decisions about their health care and protect their finances against health-related risks. Aetna provides easy access to cost effective health care through a nationwide network of more than 618,000 health care professionals, including over 370,000 primary care and specialist doctors and 3,783 hospitals. For more information, please visit www.aetna.com. (Figures as of March 31, 2004) |
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