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Molina Healthcare, a provider of managed health care services under the Medicaid and Medicare programs, has confirmed that its chief operating officer Terry Bayer is leaving the organization in a few weeks.
The company stated that following Bayer's retirement, the corporate chief operating officer role will no longer be a part of Molina’s organizational structure.
It said this move is consistent with the company’s shift to a flatter organizational structure that will enable the chief executive to be more directly involved with business and health plan operations.
“As we write the next chapter of Molina Healthcare’s story, we are working toward an organizational structure and executive team that can deliver on our margin recovery and sustainability plan,” said Joe Zubretsky, president and chief executive officer.
Bayer commented: “It has been my privilege to serve the Molina Healthcare organization for the last 13 years. I leave with a great sense of pride regarding our accomplishments in increasing access to quality health care by working with our federal and state government partners in 12 states and the Commonwealth of Puerto Rico.”
Molina Healthcare, Retirement, Medicaid, Medicare, Terry Bayer, US