Elder Health, Inc. Names Jeffrey M. Folick New CEO.BALTIMORE -- Jeffrey M. Folick has been named Chief Executive Officer of Elder Health, Inc., a privately held Medicare managed health care company headquartered in Baltimore, Maryland "Baltimore" redirects here. For the surrounding county, see Baltimore County, Maryland. For other uses, see Baltimore (disambiguation). Baltimore is an independent city located in the state of Maryland in the United States. . Folick was formerly Executive Vice President for Regional Health Plans and Specialty Companies with Health Net, one of the nation's largest publicly traded managed health care companies. "I am excited about the future for Elder Health," said Folick. "The Elder Health team has built an exceptional organization focused on meeting the health care needs of our nation's most vulnerable population. Going forward in this industry, Elder Health is positioned to gain a significant share of key markets while shaping the future of health care delivery for Medicare beneficiaries." Folick succeeds Michael R. Steele, who served as President & 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 Elder Health since its inception in 1995. "Our sincere thanks goes to Mike Steele for building a strong organization," Elder Health Board Chair David Jensen David "Kid" Jensen (July 4, 1950 in Victoria, British Columbia) is a Canadian-born British radio DJ. Early career After beginning his career in his home country at the age of sixteen playing jazz and classical music, Kid Jensen joined Radio Luxembourg at the age of said. "We are well positioned to take this company to the next level. Jeff is coming on board at a very opportune time for Elder Health, and Mike will continue as 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. ." Folick has more than 30 years experience in the health care industry, both in health maintenance organization management and hospital administration. Prior to joining Health Net, Folick served as President and Chief Operating Officer of Pacificare Health Systems PacifiCare Health Systems (former NYSE: PHS) was a Fortune 500 healthcare company based in Cypress, California. It was acquired by UnitedHealth Group (NYSE: UNH) in late 2005, which continues to market health plans under the PacifiCare name. , President of Pacificare of California, and President of Secure Horizons, Pacificare's Medicare division. Elder Health, Inc. has operated Medicare managed health care plans since 1996 and now serves Medicare beneficiaries in Maryland, Pennsylvania, Texas, and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Recent company growth includes Elder Health Texas' 2005 introduction into four Texas markets (Corpus Christi Corpus Christi, in Christianity Corpus Christi [Lat.,=body of Christ], feast of the Western Church, observed on the Thursday after Trinity Sunday (or on the following Sunday). , El Paso, Houston, and San Antonio), Elder Health's Pennsylvania's acquisition of AmeriChoice of Pennsylvania's Medicare Advantage Special Needs Plan, which doubled its size, and a service area expansion into Pittsburgh in June 2005. Elder Health, Inc. is a ten-year old Baltimore-based company focused on innovation and service for Medicare beneficiaries. Elder Health's subsidiary plans emphasize preventive services, wellness, and added benefits at reduced cost to promote member health. |
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