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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