Mark Baird Email & Phone Number

• Responsible for overall financial management of business operations, investment activities, and enterprise risk management. Accountabilities also include actuarial, enterprise analytics, provider network management.
• Generated operating margins averaging 4% while growing revenue annual revenue from $3 billion to $6 billion in a highly competitive market during my tenure as CFO. Increased Net Assets from $740 million to $2.5 billion.
• Developed and implemented a best-in-class Enterprise Risk Management process—including multiple financial stress-testing scenarios—that is integrated into the company’s strategic planning.
• Performed valuations and negotiated financial terms for several health plan acquisitions and strategic private equity investments.
• Identified and communicated strategic risks associated with the company’s geographic and product concentration, which resulted in significant expansion into new markets and products. (Revenue from markets outside of.
• Introduced strategic private equity and limited partnership investments into the investment portfolio. Implemented an innovative asset deployment strategy among legal entities that optimized returns, while ensuring.

• Responsible for financial analysis and reporting, financial projections and budgeting, actuarial finance (IBNR, pricing factors, and trend projections), provider analytics, clinical program analytics and evaluation.
• Initiated redesign of provider contracting process to improve and monitor financial performance, simplify risk-sharing arrangements, and enhance claims payment accuracy. Significantly reduced provider disputes and.
• Developed and implemented product and benefit design strategies to address adverse risk selection.
• Implemented data warehouse strategy to support analytical and reporting needs of the organization.
• Established comprehensive process to measure and monitor medical expense trends and drivers. Organized company-wide initiatives to address medical expense issues and achieve annual cost reduction targets.
• Directed administrative expense benchmarking efforts that resulted in annual savings of $30 million.

• Responsible for overall financial management. Accountabilities include strategic planning, accounting operations, budgeting, financial reporting, billing and enrollment, investment policy, regulatory compliance.
• Developed and gained organizational support for system-wide payer contracting strategy and the long-term financial strategy for the health plan.
• Developed and implemented financial turn-around plans to eliminate significant operating losses across several lines of business.
• Introduced volume-adjusted administrative expense budgeting and reporting, which enabled the organization to reduce administrative costs by 20%.
• Established the first financial risk-sharing arrangement between the health plan and the integrated delivery system.
• Initiated the review and selection of a new claim platform.

System-wide accountability for financial aspects of managed care contracting and strategy, hospital pricing policies, cost accounting, financial measurement and monitoring systems, and multi-year financial projections

Master Of Business Administration (Mba), Finance & Quantitative Methods

Business Administration And Management, General

Activities and Societies: Austin Scholar

Ba, Economics