OXFORD HEALTH PLANS IS looking for two Band-Aids: new managers and new money. The board of the troubled HMO is recruiting for a new management team. A lot of cash would also be helpful. Later this month, Oxford is expected to report a loss for 1997, and analysts say it needs $100 million to $200 million. Whatever the financing--venture capital, a joint venture with a health-care organization, or even a takeover--the deep pockets will run the company. That means if founder Stephen Wiggins stays on he may have a diminished role.

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