By Sam Bonacci
Boston Scientific, a medical device manufacturer based in Marlborough, announced in June that David Wichmann has been elected to its board of directors, effective immediately.
Wichmann recently served as CEO of global conglomerate UnitedHealth Group from 2017 to 2021, according to a release, but his career at the company spanned 23 years in various roles that included president, chief financial officer, and head of operations and commercial markets. From his experience leading one of the largest health care organizations in the world, Dave has unique insights about opportunities to improve patient outcomes while also taking costs out of the health care system, Mike Mahoney, CEO and chairman of the board at Boston Scientific, said in the release.
More and More Doctors Abandoning Private Practice By Kerry Dooley Young
May 27, 2021 Fewer doctors are opting to run their own small private practices, with more seeking jobs in hospitals or larger medical groups, according to a new report.
These patterns likely reflect broader trends toward consolidation in health care, with both insurance companies and hospitals also having grown in size in recent years.
The latest biennial analysis of doctors’ practices by the American Medical Association showed an acceleration of a trend away from private practice, defined as a practice wholly owned by physicians. The 2020 results found less than half 49.1 % of doctors involved in patient care worked in a private practice, the AMA said in a report released this month.
UnitedHealth former CEO David Wichmann earned $42.1M in his last year The company also paid current CEO Andrew Witty a $550K bonus before he went on unpaid leave at WHO. April 28, 2021 8:46am Text size Copy shortlink:
David Wichmann earned $42.1 million in compensation during his final year as CEO of UnitedHealth Group, one of the 10 largest publicly traded companies in the United States by revenue.
Wichmann, who also stepped down from the UnitedHealth board of directors, was succeeded as CEO by Andrew Witty on Feb. 3.
Witty realized $17.4 million in compensation during the year. He had taken an unpaid leave from April to November to help lead the World Health Organization s COVID-19 vaccine development program.
UnitedHealthcare names Thompson as new CEO
UnitedHealthcare names Thompson as new CEO
UnitedHealth Group named a new lead to its $200 billion insurer, UnitedHealthcare, on Wednesday.
The Minnetonka, Minn.-based health giant announced that Brian Thompson will lead the nation s largest insurer, which covers 48.4 million members. Thompson has been with the company since 2004 and most recently served as UnitedHealthcare s lead for government programs including Medicare Advantage, Medicaid and ACA business.
Thompson replaces Dirk McMahon in the post, who will continue to serve as chief operating officer of UnitedHealth Group. McMahon had been working in both roles since February when former UnitedHealth Group CEO David Wichmann abruptly announced he was retiring. Andrew Witty took the helm of UnitedHealth Group.