March 25, 2017 8:47 PM ET

Healthcare Providers and Services

Company Overview of Fallon Community Health Plan, Inc.

Company Overview

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

United States

Founded in 1977

Phone:

508-799-2100

Fax:

508-797-9621

Key Executives for Fallon Community Health Plan, Inc.

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Age: 45
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

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

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

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.

Similar Private Companies By Industry

Company Name Region
@ Home Medical, Inc. United States
@home approach, llc United States
@Home Care United States
1011 E. Pecan Grove Road, LLC United States
1104 Welsh Road Operations LLC United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 19, 2016
Home Staff, LLC
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Fallon Community Health Plan, Inc., please visit www.fchp.org. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.