Umar Farooq

Umar Farooq Email and Phone Number

Executive Vice President, Health Care Services @ Premera Blue Cross
Seattle, WA, US
Umar Farooq's Location
Seattle, Washington, United States, United States
About Umar Farooq

Umar is EVP and Chief Strategy Officer for Premera Blue Cross. Prior to Premera, Umar was President of Essence Healthcare at Lumeris, Umar’s responsibilities included developing and executing strategy, driving national scalability for growth, and delivering an industry leading experience for its customers, members and stakeholders. Prior to Lumeris, Umar was General Manager | Market President for Commonwealth Care Alliance of Boston, Massachusetts; a $2B fully integrated payer/provider managed care plan. At CCA Umar was responsible for market and business line performance of Medicare and Medicaid health plans, relationships with government officials, provider groups, and other key strategic partners that drive growth & expansion.Prior to CCA, Umar was a Vice President at Centene Corporation, where he was responsible for MHS health plan's provider strategy, operations, Medicare product, and strategic planning efforts. While at Centene, he was responsible for Central US Corporate strategy efforts by supporting Market leadership execute 'all products, all markets' growth agenda under Centene's Enterprise Strategy Group. Finally, in his last tour, he assisted Centene's 2020 Transformation efforts which included Marketplace (Ambetter), Network strategy, and TX Medicaid Margin improvement planning. Umar has extensive operating experience in the development and formation of Provider Sponsored Health Plans(PSHP) and provider-aligned managed care products. His experience includes domain expertise in value-based program development with health plans and provider systems moving towards total cost of care management across programs in Commercial, Medicare, and Medicaid managed product lines.

Umar Farooq's Current Company Details
Premera Blue Cross

Premera Blue Cross

View
Executive Vice President, Health Care Services
Seattle, WA, US
Website:
premera.com
Employees:
3432
Umar Farooq Work Experience Details
  • Premera Blue Cross
    Executive Vice President, Health Care Services
    Premera Blue Cross
    Seattle, Wa, Us
  • Premera Blue Cross
    Evp, Chief Strategy Officer
    Premera Blue Cross Sep 2023 - Present
    Mountlake Terrace, Washington, Us
  • Convene Health Llc
    Advisor
    Convene Health Llc May 2023 - Sep 2023
    Advisor & Independent Director to Healthcare Services firms: -Advised Series B Managed Care plan and its proposed sale to PE Sponsor-Support seed stage healthcare services and care delivery business in the formation of a risk-bearing multi-specialty group. Roll-up of multiple independent medical groups to form regional medical group and new risk-bearing MSO including divestitures of distressed Cano Health assets-Assisted Management team in strategy formation, capital raise, and strategic partnerships.-EXL Payor Advisory Board Member
  • Lumeris
    President, Essence Health Plan (National)
    Lumeris Jul 2021 - May 2023
    Maryland Heights, Missouri, Us
    Lumeris is a national value-based managed services operator and Medicare Advantage insurer for health systems and providers seeking extraordinary clinical and financial outcomes. Strategic investors include; Kleiner Perkins (John Doerr), Cerner Corp., Sandbox Ventures(Blue Cross Blue Shield), and Mutual of Omaha.Lumeris aligns providers and payers across populations with technologies, processes, behaviors and information to achieve high-quality, cost-effective care with satisfied consumers — and engaged physicians. With market leading performance, Lumeris' Medicare Advantage members has received 5-Star Ratings from the CMS and produced the highest consumer and physician satisfaction scores in the industry along with significantly better clinical outcomes and lower costs.Responsibilities:Corporate leader with national oversight and P&L responsibility of Lumeris’ wholly-owned Medicare Advantage plan, Essence Healthcare. Essence Healthcare is the wholly-owned health plan segment of Lumeris. Oversight Responsibilities:-Market General Managers (CA, MO/IL, AR, KY, OH, GA) -SVP Health Plan Product -National VP of Value Based Contracting -National VP Medicare Sales-VP Market Expansion (MO/IL)
  • Lumeris
    Chief Operating Officer - Health Plans
    Lumeris Jul 2021 - Feb 2022
    Maryland Heights, Missouri, Us
    Lumeris is a national value-based managed services operator and Medicare Advantage insurer for health systems and providers seeking extraordinary clinical and financial outcomes. Lumeris aligns providers and payers across populations with technologies, processes, behaviors and information to achieve high-quality, cost-effective care with satisfied consumers — and engaged physicians.
  • Commonwealth Care Alliance
    General Manager, Market President
    Commonwealth Care Alliance Jan 2020 - Aug 2021
    Boston, Ma, Us
    CCA combines risk-bearing primary care with health plan services to drive high quality, cost effective care within the government sponsored managed care category. CCA is a top ranked Medicare plan with a CMS 5 STAR. Market Lead with Growth, Operations, and P&L responsibility for CCA's Massachusetts market comprised of ~$2B revenues for Medicaid and Medicare Advantage programs.Oversight responsibilities: -SVP Operations/Multi Market Operations/Shared Services-VP Market Development & Growth - organic growth and in-market Business Development -VP Product & Ancillary Solutions- Medicare Product oversight-VP Network Contracting Strategy & Value Based Payment
  • Centene Corporation
    Vice President
    Centene Corporation Sep 2016 - Jan 2020
    Saint Louis, Mo, Us
    Market Oversight: -Value-based Contracting/Network strategy, Market Operations, Marketing, Medicare Product Strategy, New Product Expansion, Organic Growth (Medicaid/Medicare), Provider Strategy & Strategic Planning Corporate Engagements: -Enterprise Strategy Network, CenteneForward Transformation Engagements (Texas Medicaid | National ACA Marketplace Network Strategy) Managed Care Products: -Medicaid, Medicare, Duals, ABD/TANF/CLA/CHIP, DSNP, MA-PD, HIM ACA/Marketplace/Ambetter
  • Healthcare Financial Management Association (Hfma)
    Member
    Healthcare Financial Management Association (Hfma) 2009 - Jan 2014
    Downers Grove, Illinois, Us
  • Lincoln Financial Group
    Finance
    Lincoln Financial Group 2008 - 2008
    Radnor, Pa, Us

Umar Farooq Skills

Healthcare Managed Care Strategic Planning Leadership Health Insurance Hospitals Insurance Financial Modeling Process Improvement Business Development Health Policy Analysis Hipaa Public Speaking Finance Sales Healthcare Industry Strategy Team Building Medicaid Financial Analysis Microsoft Excel Forecasting Revenue Cycle Healthcare Management Medicare Healthcare Information Technology Data Analysis Healthcare Consulting Physicians Executive Management Business Strategy Provider Relations Employee Benefits Ppo Marketing Access Budgets Mergers And Acquisitions Training Physician Relations New Business Development Business Process Improvement Cross Functional Team Leadership Performance Improvement Corporate Development Network Development Salesforce.com Leadership Development Mergers

Umar Farooq Education Details

  • Indiana University - Kelley School Of Business
    Indiana University - Kelley School Of Business
    Finance
  • Indiana University
    Indiana University
    Master Of Business Administration (M.B.A.)
  • Harvard Business School Executive Education
    Harvard Business School Executive Education
    Value Measurement For Healthcare / Activity Based Cost Accounting
  • Washington University In St. Louis
    Washington University In St. Louis

Frequently Asked Questions about Umar Farooq

What company does Umar Farooq work for?

Umar Farooq works for Premera Blue Cross

What is Umar Farooq's role at the current company?

Umar Farooq's current role is Executive Vice President, Health Care Services.

What is Umar Farooq's email address?

Umar Farooq's email address is um****@****ail.com

What is Umar Farooq's direct phone number?

Umar Farooq's direct phone number is +181237*****

What schools did Umar Farooq attend?

Umar Farooq attended Indiana University - Kelley School Of Business, Indiana University, Harvard Business School Executive Education, Washington University In St. Louis.

What are some of Umar Farooq's interests?

Umar Farooq has interest in Social Services, Children, Volunteering, Economic Empowerment, Education, Cycling, Long Distance Running, Poverty Alleviation, Human Rights, Animal Welfare.

What skills is Umar Farooq known for?

Umar Farooq has skills like Healthcare, Managed Care, Strategic Planning, Leadership, Health Insurance, Hospitals, Insurance, Financial Modeling, Process Improvement, Business Development, Health Policy, Analysis.

Who are Umar Farooq's colleagues?

Umar Farooq's colleagues are Sarah Wells, Samira Shire, Allison Soriano, Peter Geertz-Larson, Ashley Choulat, Amanda Best-Spell, Justin Testa.

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