Optum Well being names new CEO

Title: Krista Nelson

Earlier title: Chief working officer, Optum Well being

New title: Chief government officer, Optum Well being

Optum Well being, the care supply arm of UnitedHealth, has tapped Krista Nelson as its new CEO efficient instantly. Nelson introduced the C-suite reshuffling by way of LinkedIn final week. 

The manager has labored for UnitedHealthcare, UnitedHealth’s payer arm, on and off since 2009, based on her LinkedIn. Nelson was final accountable for overseeing the expansion of presidency packages earlier than switching over to UnitedHealth’s well being companies division Optum in Might, when she was tapped as COO of Optum Well being.

Now, Nelson replaces Dr. Patrick Conway because the chief government of Optum Well being. Conway has been CEO of Optum since Might and CEO of Optum Well being since June.

Conway will stay in his submit as CEO of Optum following the reshuffling, based on his LinkedIn.

UnitedHealth has been transforming its C-suite this 12 months because it seems to rebuild investor confidence. The corporate has struggled with excessive medical prices and underperformed monetary expectations.

Some government replacements have been made in fast succession. Roger Connor, for instance, was named CFO of Optum in Might, solely to depart the corporate at first of November. He was changed by Optum finance veteran Ben Eklo. The CEO of UnitedHealth’s knowledge and analytics arm Optum Perception has likewise modified twice since Might.

Optum Well being underperformed investor expectations in third quarter earnings final month. Throughout UnitedHealth’s earnings name, Conway stated the division struggled with rising pains associated to including too many suppliers to its networks too rapidly, along with Biden-era reimbursement cuts.

New management will likely be tasked with righting the ship, together with switching to a direct doctor employment mannequin and slicing unprofitable members.