Healthcare Providers and Services
Company Overview of Fallon Community Health Plan, Inc.
Fallon Community Health Plan, Inc., a health plan provider network, offers health insurance plans and healthcare services in Massachusetts. The company’s insurance and self-insurance product portfolio includes various group and non-group health plan options, such as HMO, POS, and PPO, as well as Medicaid and Medicare advantage plans that feature flexible benefit designs. It also provides plans through the Commonwealth Choice and Commonwealth Care programs; and offers NaviCare HMO, a senior care options product for people aged 65 and over who are enrolled in MassHealth Standard. In addition, the company’s provider networks offer coordinated care and give its members access to physicians and h...
10 Chestnut Street
Worcester, MA 01608
Founded in 1977
Key Executives for Fallon Community Health Plan, Inc.
Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Senior Vice President
Chief Compliance Officer and Senior Vice President
Chief Communications Officer and Senior Vice President
Compensation as of Fiscal Year 2016.
Fallon Community Health Plan, Inc. Key Developments
Fallon Health Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
Mar 1 17
Fallon Health announced earnings results for the fourth quarter and year ended December 31, 2016. For the year, the company reported a net loss of $20.1 million on revenue of $1.2 billion. These results compare with a net loss of $6.8 million on revenue of $1.2 billion in 2015. Net income included investment and other income of $8.5 million and an operating loss of $28.6 million.
For the quarter, the company posted a net loss of $8.4 million on revenue of $311 million, compared with net income of $5.1 million on revenue of $297 million for the same quarter in 2015. The fourth quarter 2016 net income included investment and other income of $2.6 million and an operating loss of $11 million.
Fallon Health Appoints David Brumley as Senior Medical Director and Vice President of Medical Affairs
Feb 9 17
Fallon Health announced the recent hire of David Brumley, M.D., MBA as Senior Medical Director and Vice President of Medical Affairs. In his role with Fallon, Dr. Brumley is responsible for overseeing utilization, disease and case management, leading clinical integration with providers and serving as medical director for Medicaid. Dr. Brumley spent the previous six years as Senior Medical Director for Tufts Health Plan. Previously, Dr. Brumley was Senior Medical Director for Blue Cross Blue Shield of Rhode Island.
Fallon Community Health Plan, Inc Names Lisa Cohen as Vice President of Financial Planning and Accounting Operations
Jan 13 17
Fallon Community Health Plan, Inc. named Lisa Cohen Vice President of Financial Planning and Accounting Operations Worcester, Mass., January 13, 2017. In her role with the company, Cohen is responsible for overseeing the company’s comprehensive financial reporting system, leading as the company’s top accounting official and working alongside the Chief Financial Officer and management team to help develop strategic planning initiatives, including capital and operating budgets. Cohen brings more than 25 years of experienced leadership to the company from a variety of health care and non-profit roles. Most recently, Cohen served as Chief Financial Officer for Ascentria Care Alliance.
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