Molina Healthcare has announced a big leadership shakeup: the board of directors has ousted J. Mario Molina, MD, president and CEO, and John C. Molina, chief financial officer.
Molina Healthcare has announced a big leadership shakeup: the board of directors has ousted J. Mario Molina, MD, president and CEO, and John C. Molina, chief financial officer (CFO). The Molina brothers’ father had founded the company, which works in the Medicaid managed care space in 11 states and Puerto Rico.
The board is immediately searching for a new CEO, but Joseph White, the chief accounting officer, will serve as the interim CEO and CFO. The board cited the company’s recent disappointing financial performance for the reason it fired the Molina brothers. Mario and John Molina will continue to serve as directors.
“With the industry in dynamic transition, the board believes that now is the right time to bring in new leadership to capitalize on Molina’s strong franchise and the opportunities we see for sustained growth,” Dale B. Wolf, chair of the board, said in a statement. “The board is committed to achieving operational excellence and improving the Company’s financial performance on behalf of our shareholders, more than 20,000 employees and our over 4 million members.”
Molina has actually performed better than most competitors on the Affordable Care Act exchanges with a narrow network and close management of sicker patients. However, most of those competitors have since significantly pulled back participation in the exchanges in order to improve financials.
After the announcement, Molina’s shares were up 15%.
Standard Criteria for Loss of Ambulation Needed in DMD
April 19th 2024A recent study suggests the differences between ambulation definitions for patients with Duchenne muscular dystrophy (DMD) can impact the identification of ambulant vs nonambulant individuals, and standard criteria across settings are needed.
Read More
Overcoming Employment Barriers for Lasting Social Impact: Freedom House 2.0 and Pathways to Work
April 16th 2024To help celebrate and recognize National Minority Health Month, we are bringing you a special month-long podcast series with our Strategic Alliance Partner, UPMC Health Plan. Welcome to our second episode, in which we learn all about Freedom House 2.0 and the Pathways to Work program.
Listen
Early Involvement Critical in Treating Immunotherapy-Induced Overlap Syndrome
April 19th 2024A series of case studies reveals the importance of early diagnosis and involvement of special teams of clinicians when dealing with potential cases of overlap syndrome, which encompasses myocarditis, myasthenia gravis, and immune checkpoint inhibitor–related myositis.
Read More
Making Giant Strides in Maternity Health Through Baby Steps
April 9th 2024To help celebrate and recognize National Minority Health Month, we are kicking off a special month-long podcast series with our strategic alliance partner, UPMC Health Plan. Welcome to our first episode, which is all about the Baby Steps Maternity Program and its mission to support women throughout every step of their pregnancy journey.
Listen