Independence Blue Cross CEO Daniel Hilferty to retire




, Independence Blue Cross CEO Daniel Hilferty to retire

Outstanding medical health insurance govt Daniel Hilferty, president and CEO of Independence Well being Group, is retiring on the finish of this 12 months, the corporate mentioned Tuesday.

Philadelphia-based Independence, the mother or father firm of Blue Cross and Blue Protect affiliate Independence Blue Cross, selected Gregory Deavens, its govt vice chairman, chief monetary officer and treasurer, to take the helm beginning Jan. 1, 2021. Hilferty will proceed to be an advisor to the insurer by the tip of 2022.

Hilferty has led Independence for the final 10 years, and earlier than that headed up the corporate’s Medicaid subsidiary AmeriHealth Caritas for 13 years. Throughout his tenure as CEO, he additionally served because the chairman of the Blue Cross and Blue Protect Affiliation from 2015 to 2017.

Independence has $27 billion in income beneath administration and serves eight million folks, in keeping with the corporate. It operates in 27 states and D.C. and employs 11,500 folks.

Independence credited Hilferty with driving the motion to value-based care fashions within the area and enjoying a serious function in establishing and stabilizing the Reasonably priced Care Act alternate in Philadelphia and New Jersey. Hilferty additionally oversaw the enlargement of AmeriHealth Caritas right into a dozen states past Pennsylvania and launched the subsidiary’s in-house pharmacy profit supervisor, the corporate mentioned.

Throughout Hilferty’s tenure, Independence additionally struck up a digital well being three way partnership with Comcast and launched the Independence Blue Cross Basis and the Independence Blue Cross Heart for Innovation.

Independence mentioned past dealing with all of the monetary features of the corporate, Deavens additionally performs a key function in technique. He led the corporate’s buy of a brand new headquarters in June and directed the design of the Heart for Innovation. Earlier than coming to Independence, he spent 10 years at Massachusetts Mutual Life Insurance coverage Co. as a senior vice chairman and company controller.