Yesterday, Lisa Rubino who was the Senior Vice President over Molina Medicare was let go. Any other specific executives laid off, or other lay offs this week, that any one else is aware of?
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Wait until august
Who is in charge of Reimbursement. I am having difficulty getting paid for claims for services rendered by Nephrologists ?
Hello, I'm a reporter for the Southern Calif News Group. I'm writing a story about the new SEC requirement for companies to disclose the ratio of their CEOs as compared to their median worker pay. The new CEO of Molina was hired for $20 Million a year, including $4 million sign on bonus. This makes his pay 450 times larger than the median Molina worker's pay--one of the highest ratios in the nation..Am looking for recently laid off Molina employees who might have some thoughts on this. If you would be willing to discuss this issue, pls email me at MRoosevelt@scng.com or my office phone is 714 796 2409. thank you, Margot Roosevelt
Yah don’t forget the ring around the toilet bus dev cleanup.
No kidding on marketing/pr. Anyone notice how they just skated without proportional layoffs in project nickel? Know why? Cuz that egg head womanizing sycophant flunky that used to run that department was a key decision-maker in the project nickel layoffs and was highly responsible for letting people go based partly on cliques and butt kissing versus pure merit while protecting his own department from sharing the pain. They need some mopping up for sure. By the way, I’ve never seen a single post asking why business development hasn’t been totally wiped out and start over from a clean slate with people who can write and win RFPs. At the rate we are going, there won’t be any Caid left for us to save.
Well said and so true. They got rid of the #1 Molina lackey over that department but PR/Marketing can use some cleanup.
Marketing, you are all next in line as you were all on the top Molina loyalist club ..smh
Of you’re talking about that do-nothing d-bag DP, he’s still around talking a lot but saying nothing. Cmon man, have the grace to just go.
I agree with all the recent posts about clearing out the SVPs and hope it can be done with Terry out of the way. I know at least one I hope is ousted sooner rather than later and he’s already been demoted once.
So let’s talk about karma for a moment. Outside of the Molina’s and before Joe Zubretsky arrived, through the implementation of project nickel including the layoffs, how many of the SVP leadership were subjected to either being held accountable for the poor performance of their respective operations or being considered for the layoffs. Instead, it was the cabal of remaining leadership, primarily SVPs, who got us into the fiscal mess to begin with who decided who would be layed off while they all survived. While I agree to some degree with the post stating they were only doing what the Molinas wanted, I have to say several of them also had their own selfish narcissistic agendas and s---ed up excessive salaries, stock grants, bonuses, and other perks while walking on the graves of 1,500+ lower level less paid hardworking colleagues who put their noses to the grindstone versus in the butts of the Molinas. Many of the SVPs let go were conniving backstabbing do-nothing clique Molina loyalists so I say karma did bite them in the a-- and was well deserved, including Rubino. One partucular Molina henchman SVP worked the project nickel system to enhance his standing and attempted to make himself the king maker. Thankfully Joe Z saw through that charade and sent his a-- packing in January. Unfortunately, it was not until he helped make central decisions on last summer’s layoffs while protecting his cronies. So I wouldn’t really worry about karma haunting people who feel relief or satisfaction about the recent high level firings when you think of the 1,500+ people they let down and sold out. Long overdue.
I wouldn’t mind working at Centene. They’re profitable, well run, and growing. Plus we can keep working on ‘Caid. Bring on the sale if that’s what’s really happening.
Someone’s mood elevator is in the basement. Get your blue chips in order and be here now. One Molina!
While it's a good thing that the exec ranks are being cleaned out, I think it's such bad karma to dance on someone's grave. All these folks did exactly what the Molinas directed them to do, for better or for worse. When the company was growing gangbusters nobody complained.
And thoughts that the new leadership team are here to make a stronger company for us line employees are absurd. The CEO didn't even relocate!!! They're just here to get a couple good quarters in and sell to another company, probably Centene. Then they will just call the test of us who ate left, and with fewer plans still remaining, what are the odds any of us will find an equivalent job...
Good luck to you all in the next layoff rounds, hopefully you already have a plan B because we're all on our way out the door.
HR is useless!!!! They can't answer a basic question to my severance package. HR was only in business for the Molina's and should be next as all is unraveling.
@RZ9YcIz-1wdd Your observations are valid, all though "Accolate" isn't a word, anyone who has worked at Molina, is well aware of the number of friends and family who work in all levels of the organization - perhaps to it's detriment. It's a family company culture for better or worse. Your view is optimistic. The new leadership is cleaning house to make the company better.....for it to continue. My take is the new leadership was brought in to clean house and sell the membership. This article in Forbes indicates many of the large Healthcare organizations are prepping to sell OR buy. In the case of Molina, it seems clear it's in the selling position.
Insurers Signal Medicare Advantage Buyouts Ahead
Anthem, Humana and WellCare Health Plans are signaling plans to aggressively grow their Medicare Advantage businesses with the help of mergers and acquisitions.
The three health insurers are in a competitive battle with Aetna, Cigna, UnitedHealth Group and the nation’s Blue Cross and Blue Shield plans to capture bigger shares of a fast-growing market of aging baby boomers turning 65 years old and becoming eligible for Medicare coverage. Medicare Advantage plans contract with the federal government to provide extra benefits and services to seniors, such as disease management and nurse help hotlines, with some even providing vision and dental care and wellness programs.
“In Medicare, we continue to see substantial growth opportunities as approximately 11,000 baby boomers age into the Medicare eligible population every day,” Anthem CEO Gail Boudreaux told analysts during the insurer's quarterly earnings call. “Historically, Anthem has lagged in Medicare Advantage penetration and we have been working to capture more of our fair share of this market.”
And there’s no time to lag when it comes to Medicare Advantage as the policy climate improves in Washington. President Trump’s newly confirmed U.S. Secretary of Health And Human Services, Alex Azar, has spoken favorably about Medicare Advantage and the budget Congress passed last week helps insurers offering such plans to seniors.
Medicare Advantage is one of the few bipartisan areas of agreement in healthcare, supported by Democratic President Barack Obama and the Affordable Care Act he signed into law. The ACA added a star ratings system to rate quality and customer satisfaction for consumers to use in choosing a Medicare Advantage plan. Health plans that score 4 or better on a five-notch scale can get higher payments.
“In an era of uncertainty in other lines of business, the majors are hoping to expand their footprints in Medicare Advantage before it is too late,” says Andrew Kadar, managing director of L.E.K. Consulting’s healthcare services segment said. “(The Centers for Medicare & Medicaid Services’) recent favorable guidance for 2019 reimbursement as well as Alex Azar’s robust support of Medicare Advantage during his confirmation hearings add credence to the notion that Medicare Advantage enrollment will grow at high single-digit rates for the next five years.”
Currently, just under 35% of Medicare beneficiaries, or about 20 million Americans, are enrolled in MA plans. But Medicare Advantage enrollment is projected to rise to 38 million, or 50% market penetration, by the end of 2025 , L.E.K. Consulting projects.
Anthem is finalizing the acquisition of Medicare Advantage plans in Florida that will add 170,000 Medicare Advantage members in the state this year. And the insurer plans to use those deals as a beachhead for expansion in the central and northern part of Florida, which is popular retirement area for seniors and therefore a hot Medicare Advantage market.
Humana, meanwhile, is increasingly focused on integrating physician services and care in the home with its Medicare Advantage plans. Humana in December said it will acquire a 40% stake in Kindred Healthcare’s home care division for about $800 million.
Humana is also looking at merger and acquisition opportunities to grow its Medicare Advantage enrollment. The insurer ended 2017 with nearly 2.9 million Medicare Advantage enrollees.
“From an M&A perspective, we continue to look at strategic acquisitions to build out our capabilities, particularly in the primary care arena, but we also continually look for any other assets that could enhance our healthcare services segments,” Humana chief financial officer Brian Kane told analysts last week. “We would also have interest in Medicare Advantage assets that increase our presence in under-penetrated markets.”
The top executive at WellCare, too, said the company is on the hunt for Medicare Advantage opportunities following the successful purchase last year of Universal American Corp. WellCare now has more than 500,000 Medicare Advantage members in 18 states.
Medicare figures prominently in an effort to “double the size of the company by 2021,” WellCare CEO Ken Burdick told analysts on the company’s fourth quarter earnings call last week.
“We expect that growth will occur both in our Medicare and Medicaid lines of business,” Burdick said. “We think that organic growth and acquisitions will both be meaningful contributors to that trajectory.”
https://www.forbes.com/sites/brucejapsen/2018/02/12/insurers-signal-medicare-advantage-buyouts-ahead/#3654e3081076
@Bestofluck and @Anotheronebitesthedust Thank you! I had a feeling it wasn't just one. It seems so clear that the days of Molina are numbered. The members will be sold and it won't be long.
Yes! There was a total 5 let go today.