change:healthcare Appoints CVS Caremark Senior Vice President Douglas Ghertner as President

Experienced Executive Joins Cost Transparency Company to Expand Product Portfolio and Support Growing Client Demand

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- change:healthcare today announced the addition of Douglas Ghertner as president, effective immediately. Ghertner’s vast experience with corporate strategy and operations will further solidify the Company as the national leader in providing effective, actionable cost transparency solutions to businesses and their employees. The addition of Ghertner follows the recent announcement of Howard McLure, former CVS Caremark president of pharmacy services, who joined change:healthcare as CEO in May 2011.

With more than 14 years specializing in corporate and product strategy as well as growth of existing and emerging markets, Ghertner will oversee change:healthcare’s sales and operations and will lead the Company’s efforts to broaden its product offering as it continues to address its growing national customer base.

“After working so closely with businesses and consumers on the benefit plan side of the business, I recognize how important it is to provide easy access to the missing link: understandable and personalized health pricing information,” said Ghertner. “It’s exciting to be joining a team that’s not only enabling companies of all sizes to curb their rising healthcare costs, but also allowing consumers to keep more of their hard-earned wages in their pockets by making more informed decisions about their care.”

At CVS Caremark, Ghertner maintained responsibility for the pharmacy benefit management (PBM) product and service offerings sold to more than 2,000 employers, health plans and government organizations, with a focus on ensuring that those clients and their participants maximized the value of their pharmacy benefit. He held a variety of positions since 2003 during his tenure, including vice president for strategic development, vice president for product innovation and consumer programs and ultimately, senior vice president for client solutions.

“Doug’s experience at CVS Caremark has given him a deep understanding of how to successfully overcome client challenges as well as manage enormous data sets to create compelling product offerings,” said Howard McLure, change:healthcare CEO. “As we continue to develop and hone Transparency Messenger, Doug’s in-depth knowledge of the market will further strengthen our leadership in providing clients with the actionable information they demand.”

Prior to his career at CVS Caremark, Ghertner was a director of strategic alliances and business development at Broadbay Networks, a telecommunications company, where he helped more than quadruple the company’s revenue over a two-year period. He also served in a variety of roles for Delta Air Lines and Magellan Health Services.

Ghertner has a master of business administration from the University of Georgia and a bachelor of science with special attainments in commerce from Washington & Lee University.

Tweet this: Former CVS Caremark SVP Douglas Ghertner joins change:healthcare as president http://bit.ly/qu0W4a

About change:healthcare

change:healthcare (www.changehealthcare.com) has set the industry standard for true healthcare cost transparency – a critical component to the success of consumer-directed health plans (CDHPs) and to controlling the burden of rising healthcare costs. Built on more than three years of medical claims data, the company’s web-based Transparency Messenger provides employees with personalized views of pricing information and proactive alerts that highlight opportunities to save money on routine care and prescriptions in their local area. By enabling informed decision-making prior to selecting and receiving care, change:healthcare delivers substantial cost savings to both employers and employees.



CONTACT:

Lois Paul & Partners
Susan McCarron, 781-782-5767
[email protected]

KEYWORDS:   United States  North America  Tennessee

INDUSTRY KEYWORDS:   Practice Management  Health  Hospitals  General Health  Managed Care

MEDIA:

Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.