Carwin "Pete" Peterson to lead Foundation Health, a Texas Health Plan, Inc.IRVING, Texas--(BUSINESS WIRE)--April 18, 1995--Carwin "Pete" Peterson has returned to Texas to head Foundation Health, a Texas Health Plan, Inc. The announcement was made by Daniel D. Crowley, President and Chief Executive Officer for Foundation Health Corporation (NYSE NYSE See: New York Stock Exchange :FH), the parent company of Foundation Health, a Texas Health Plan, Inc. As Senior Vice President and Executive Director of Foundation Health's Texas managed care company, Mr. Peterson assumes responsibility for all aspects of the company's growth and success in Texas. The health plan, which began operations in Texas in late 1994, currently provides health care coverage for approximately 2,000 people in the San Antonio, Austin, Waco and Temple areas, and has offices in Irving, Austin, San Antonio and El Paso. Foundation Health's Texas operations plan to expand into the Dallas/Ft. Worth and El Paso areas later this year subject to regulatory approval. "We're pleased to draw on Pete's experience and expertise to continue our growth in Texas," said Mr. Crowley. "His strong leadership and success with Intergroup in·ter·group adj. Being or occurring between two or more social groups: intergroup relations; intergroup violence. Healthcare Corporation in Arizona, combined with his previous Texas experience will benefit our customers in that state." Before this promotion, Mr. Peterson was chief financial officer for Intergroup which merged with Foundation Health Corporation in November 1994. Mr. Peterson joined the Intergroup executive team in 1987. He was instrumental in the success of Intergroup's 1991 initial public offering, the company's growth and dominant market position in Arizona and expansion into Utah including two acquisitions. Mr. Peterson worked in Dallas throughout most of the '80s. From 1981 to 1984, he was a senior audit manager for Price Waterhouse. Then from 1984 to 1987, he was a vice president and controller for CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) Healthplan, Inc. in Dallas where he oversaw all accounting for the company while developing procedures that saved millions of dollars. 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. , he holds an M.B.A. from the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. . Kim Vance, who was the Executive Director of Foundation Health, a Texas Health Plan, Inc. is now the Senior Vice President for Foundation Health PsychCare Services, Inc. (FHPS FHPS Forest Hills Public Schools (Grand Rapids, Michigan) FHPS Fingal Head Public School (Gold Coast, Australia) ) in Tennessee. His primary responsibilities include the operation and expansion of FHPS's mental health business with TennCare, Tennessee's Medicaid program. "Pete will build on the success that Kim initiated with the launch of our Texas operations," said Mr. Crowley. "Our corporation is fortunate to have these two executives leading these enterprises." "There are many talented people within Foundation Health Corporation," Mr. Crowley said. "We recognize these individuals and give them opportunities to further demonstrate their abilities in new areas. Pete and Kim are examples of the depth of our executive staff." Foundation Health, a Texas Health Plan, Inc. offers health plans designed to meet the specialized needs of individuals, families and businesses with as few as three employees, as well as larger corporations and government accounts with thousands of employees. In August 1994, Foundation Health, a Texas Health Plan, Inc. received approval from the Texas Department of Insurance to begin 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, ) operations in Texas. Foundation Health, a Texas Health Plan, Inc. and other Foundation Health companies now form one of the nation's leading managed care organizations with over one million HMO and insured PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there lives in 15 states and the United Kingdom. Foundation Health Corporation is a fully integrated managed care organization with headquarters in Rancho Cordova, California Rancho Cordova is a city in Sacramento County, California, USA, that incorporated in 2003. The State of California estimates its population at 59,056 as of January 1, 2007 [1] History . Through its subsidiaries, the company offers group, individual, Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. HMO plans; government-sponsored managed care programs, administrative services for self-funded benefits programs and medical groups; and managed care products related to workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , behaviorial health, dental, vision and prescription drugs. CONTACT: Foundation Health Corporation Sally Allison, 520/751-5801 |
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