Highmark promotes two senior executives
Highmark Health has promoted two senior executives to help shape the company's financial and strategic decisions as it evolves from a traditional insurer to an integrated health care provider.
Karen Hanlon was named executive vice president and chief financial officer while her predecessor, Nanette DeTurk, will step into a new role overseeing the company's transformation and strategy, among other functions, Highmark announced on Tuesday. The promotions are effective immediately.
Both women are longtime Highmark employees — Hanlon since 1997 and DeTurk since 1993 — and have played key roles at the nonprofit. Hanlon previously was senior vice president of financial planning and analysis. DeTurk was the company's CFO.
DeTurk and Hanlon will report directly to Chief Executive Officer David Holmberg, who last month replaced William Winken-werder less than two years after Winkenwerder was hired.
Highmark said it hoped Holmberg would speed its transformation as it moves into the delivery of care through its hospital network. DeTurk and Hanlon, in their new positions, would be important in achieving that goal.
“These leadership changes represent initial, critical steps in implementing and accelerating Highmark Health's transformation into a nationally recognized integrated health care delivery system,” Holmberg said in a statement.
As CFO, DeTurk was “an invaluable steward” of Highmark's finances, Holmberg said. In her new job as executive vice president and chief administrative and strategy officer and treasurer, she will work with business leaders to develop and implement strategy and new processes.
Hanlon will step up her responsibilities for overseeing Highmark's finances, including working with the nonprofit's subsidiaries to “advance the enterprisewide strategy,” according to the company.
In a brief interview on Tuesday, Hanlon said she is excited to help Highmark evolve.
“As somebody from the city of Pittsburgh, certainly I'm excited to be making a difference in how health care is delivered here,” she said.
Highmark Health is the parent organization of health insurer Highmark Inc. and hospital system Allegheny Health Network. This month, Highmark Health reported a net loss of $126.5 million in 2013, largely because of negative financial results from the hospitals.
Chris Fleisher is a staff writer for Trib Total Media. He can be reached at 412- 320-7854 or email@example.com.