The decision to eliminate the COO role is consistent with the “company’s shift to a flatter organizational structure that will enable the chief executive to be more directly involved with business and health plan operations,” according to a press release.
Mr. Bayer has worked at Molina for the past 13 years.
Molina Healthcare reported a net loss of $97 million in the third quarter of fiscal year 2017, after a year of leadership changes and layoffs. It also said it made significant progress on its restructuring plan to save $200 million by Jan. 1.
More articles on payer issues:
Humana leaves AHIP: 4 things to know
UnitedHealthcare rolls out wearable glucose monitor program
New York City cancels Aetna’s $9.6M incentive to move HQs
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
