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Since July 2024, he has been chief executive officer (CEO) of Humana, a healthcare company. [1] Rechtin is a Kentucky native. [2] He earned a bachelor's degree from DePauw University, and an MBA from Harvard Business School. [3] Rechtin worked for Bain & Company for over a decade, and was then president of UnitedHealth Group's subsidiary Optum. [1]
Subrogation is the assumption by a third party (such as a second creditor or an insurance company) of another party's legal right to collect debts or damages. [1] It is a legal doctrine whereby one person is entitled to enforce the subsisting or revived rights of another for their own benefit. [ 2 ]
Humana Inc. is an American for-profit health insurance company based in Louisville, Kentucky. In 2023, the company ranked 42 on the Fortune 500 list, [2] ...
This Optum-UnitedHealth model of vertical integration [20] is pointed to as having sparked a pattern of acquisition activity in the healthcare industry; most notably, mega-mergers between CVS-Aetna, Cigna-Express Scripts and Humana-Kindred. [21] "Optum's been the leader in showing how a managed care organization with an ambulatory care delivery ...
As negotiations with Humana continued, TPMG committed to seeing Newport News retirees on an out-of-network basis, Bracy said, and the city promptly shared that commitment with retirees in a Dec. 6 ...
In 1989, was vice president of Humana, before being promoted to president in 1992. In 1996, he was the division president of the firm's Texas, Florida, and Puerto Rico operations, before becoming CEO of Humana in February 2000. [6] With a total compensation of $14.13 million in 2010, McCallister ranked 66th on the Forbes executive pay list. [4]
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As part of the transaction, to obtain regulatory approval, 25,000 customers were sold to Humana. [29] In July 2009, UnitedHealth Group agreed to acquire Health Net 's Northeast licensed subsidiaries for up to $570 million in payments spread out over two years.