It’s the healthcare behemoth’s second board appointment since launching a financial and operational turnaround under CEO Stephen Hemsley.
UnitedHealth is in the middle of a financial and operational turnaround, after soaring medical spending over the past few years squeezed margins and growing scrutiny of its business practices — and the high-profile killing of its top insurance executive — ate into public trust.
The Minnesota-based conglomerate has taken a number of actions to right the ship under Hemsley, who took the reins of UnitedHealth last spring after the departure of former CEO Andrew Witty. That includes shoring up its board.
Last year, UnitedHealth formed a new “public responsibility” committee to improve corporate governance, and added Dr. Scott Gottlieb, former commissioner of the Food and Drug Administration, to the board.
Now, Bell — a veteran of the hospital industry — is joining as well. She spent eight years as Children’s Hospital of Philadelphia’s chief operating officer before becoming president and CEO in 2015. Bell held those roles for 11 years before retiring in October.
During her tenure at Children’s Hospital of Philadelphia, the system doubled to a $6 billion enterprise and had more than 30,000 employees, according to Bell’s LinkedIn.
S. Her pay package exceeded what her nonprofit employer spent on charity care over the past three years combined. 7 million the next year.
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