New Oxford leadership changes strategy
New Oxford leadership changes strategy
Oxford Health Plans Inc. will focus on its group and Medicare managed care products while scaling back in Medicaid and individual markets, according to a March 9 article in Managed Care Week. The company also will pare back on its planned expansions in Florida and Chicago.
The Norwalk, CT-based health plan has named Norman Payson, MD, as its new CEO as part of its effort to improve operations and earnings. In addition, the company received a $350 million cash infusion pledge from Texas Pacific Group in late February under the condition that Oxford come up with another $350 million in debt financing.
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