Sources indicate Coventry has made an offer to a person to lead the workers comp division of sub First Health. As noted here previously, several candidates were on the bubble in December. Evidently one has dropped out and an offer has been made to another; expect an announcement this month.
Spencer Stuart is the search firm. Indications are that the new leader will have control over staffing, which might result in changes among the present leadership at First Health.
The new leader will have a few challenges, with the highly profitable workers comp network business under pressure from Aetna and others; several large WC insurers moving business away, increasing pricing pressure from customers, changes to WC fee schedules in several key states, and increasing negotiating strength on the part of hospitals.
What does this mean for you?
A little more turmoil before FH settles down.
Feb
13
