Retail News Breaks
CVS Caremark appoints health plans executive
November 18th, 2013
WOONSOCKET, R.I. – Tracy Bahl has been hired as executive vice president of health plans at CVS Caremark Corp.
CVS said Monday that Bahl will lead the teams responsible for supporting its health plan clients, including providing guidance on health plans to help them navigate the nation's changing health care marketplace.
Bahl joins CVS from global equity investment firm General Atlantic, where he served as a special adviser on the health care team. In that role, he supported portfolio companies and investment activities in the health care space, including serving as executive chairman of Emdeon, playing a key role in its growth and subsequent sale, according to CVS.
CVS noted that Bahl brings to nearly 30 years of experience as a health care executive, with a strong track record of delivering results in leadership positions. He spent 10 years at UnitedHealth Group Inc., where he served as the chief executive officer of the Uniprise division, which encompassed the company's national accounts business, consumer health business, financial services business, and service and technology operations. He also worked for CIGNA Healthcare in various regional and national health plan roles.
"As health care reform continues to spur unprecedented and rapid changes across the health care system, CVS Caremark is focused on providing health plans with value and insights to help them manage the increasing complexity of the marketplace," Jon Roberts, president of the pharmacy benefit management business at CVS Caremark, said in a statement. "Tracy is a great addition to our team, and we look forward to working with him to continue to develop innovative solutions and offerings for health plans."
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