Humana Hires New CMO
Humana (NYSE: HUM) has appointed a new chief medical officer.
Dr. William Shrank will take the reins April 1, as current CMO Dr. Roy Beveridge transitions to retirement later in the year. Beveridge will stay on for several months after Shrank steps in to ensure a smooth transition, according to Humana.
Since joining Humana as CMO in 2013, Beveridge has led Humana in using the value-based care reimbursement model to support physician practices in keeping members in their homes instead of in hospitals. Additionally, he helped facilitate Humana’s agreement with Kindred at Home in hopes of creating a national care platform that extends into the home.
Shrank will continue to implement the company’s integrated care delivery strategy, which emphasizes a consumer-friendly, evidence-based, technology-enabled approach to personalized health improvement, according to Humana
“Dr. Shrank’s background as a practicing physician, along with his experience in integrated health systems, retail, government and academia makes him the ideal addition to our team,” Humana President and CEO Bruce Broussard said in a press release announcing the news. “His expertise in value-based reimbursement and clinical outcomes for chronic conditions is especially important as we advance our integrated care strategy.”
Previously, Shrank was CMO of the insurance services division at the University of Pittsburgh Medical Center, where he oversaw roughly $9 billion in annual health care expenditures for approximately 3.5 million members in Medicare, Medicaid, behavioral health, managed long-term social supports and commercial lines of business.
Beveridge previously outlined his retirement plans last year.
Graceworks Hires First Female CEO
Graceworks Lutheran Services, a 93-year-old nonprofit that offers senior living and at-home care services, has hired its first ever female CEO.
Judy Budi, who has been with the Centerville, Ohio-based organization for 24 years, will step into the role March 2. Graceworks chose her after a four-month nationwide search. She succeeds Willis O. Serr II, who is retiring after 23 years on the job.
Currently, Budi is Graceworks’ vice president of residential care. She acts as chief operations officer of the organization’s entities, included Graceworks at Home, a home health and personal care services agency she helped launch.
Overall, Graceworks operates in more than 60 locations in southwestern Ohio, eastern Indiana and northern Kentucky.
Simione Healthcare Consultants Adds to Senior Management
Simione Healthcare Consultants, a Hamden, Connecticut-based company that helps organizations improve home- and community-based health care, is adding to its senior management team.
Christina Andrews of Philadelphia and Megan Reynolds of Phoenix have been appointed senior managers for growth solutions. In the role, they will support home health, hospice and home care clients.
Previously, Andrews worked at HCR ManorCare, a Toledo-based short-term post-acute and long-term care provider. She was a business development manager, hospice administrator and regional leader to support growth for multi-state operations.
Reynolds comes to the position after working for Heartland Home Health, Hospice and Infusion and Nurse on Call Health Care. Most recently, she was CEO of Comprehensive Hospice and Palliative Care in Arizona.