Pat Geraghty will retire as president and CEO of GuideWell and Florida Blue on Dec. 31 after serving since 2011, the corporate introduced March 31.
Throughout his tenure, Geraghty, 65, led the transformation of Florida’s largest well being insurer into GuideWell, a complete well being options enterprise, with a big presence in Puerto Rico and throughout the nation whereas additionally increasing Florida Blue’s attain and impression throughout the state.
Geraghty’s successor has not been named.
“Pat Geraghty’s visionary management has reworked our group and positioned us as a nationwide chief within the evolution of well being care. His dedication to members, workers, and the communities GuideWell serves has been extraordinary,” Thomas Kuntz, chairman of the GuideWell and Florida Blue boards of administrators, mentioned in a information launch.
“Beneath his steering, the corporate has grown from $8 billion to $32 billion in income whereas sustaining a powerful mission focus. He has strengthened the corporate immeasurably and his dedication to our values and to serving to individuals and communities obtain higher well being has had a profound impression on our tradition, the medical health insurance business, and the communities the place GuideWell and its corporations function.”
“Being entrusted with the management of GuideWell / Florida Blue has been the spotlight of my profession. I treasure having had the chance to reshape a conventional insurance coverage firm right into a well being options enterprise with the buyer as the main target, and with wellness, care help, and high quality of take care of our members as integral to our mission of ‘serving to individuals and communities obtain higher well being,” Geraghty mentioned within the launch.
It mentioned he helped diversify the corporate, overseeing acquisitions that expanded the corporate’s geographic attain and enterprise portfolio.
With greater than 18,000 workers, the group now serves greater than 38 million individuals throughout 50 states, Puerto Rico and the U.S. Virgin Islands.
He led the transformation of Florida Blue from a conventional medical health insurance firm to a complete well being options supplier with a concentrate on wellness, preserving individuals wholesome and creating resilient communities throughout the corporate’s service space.
GuideWell, beneath Geraghty’s steering, was a frontrunner in implementation of the federal Reasonably priced Care Act, providing merchandise in all 67 counties in Florida and changing into one of many largest suppliers of particular person insurance coverage protection amongst Blue Cross Blue Defend plans.
Geraghty is a outstanding determine in Florida’s enterprise group and well being care panorama, advocating for higher well being outcomes and group wellness. He’s a longstanding member of the Florida Council of 100, was named Florida Development’s Floridian of the Yr in 2014, Florida Atlantic College’s Enterprise Chief of the Yr in 2023 and was inducted into the First Coast Enterprise Corridor of Fame by the Florida Council on Financial Schooling. In 2019, he was awarded the Humanitarian Silver Medallion by OneJax in recognition of his contributions to the Jacksonville group.
The GuideWell/Florida Blue board of administrators has initiated a nationwide search and succession planning course of and engaged Russell Reynolds Associates, a number one government search and management advisory agency, to judge inside and exterior candidates, the discharge mentioned.
GuideWell contains Florida’s Blue Cross Blue Defend plan, Florida Blue, which is the main well being insurer in Florida; Triple-S Administration, Puerto Rico’s Blue Cross Blue Defend plan; GuideWell Well being, a portfolio of built-in care supply organizations offering main and pressing care at practically 100 Florida medical facilities and affiliate clinics, which incorporates Florida Blue | Sanitas Medical Facilities; Emcara Well being, which companions with main care suppliers to increase care into the house; GuideWell Supply, which offers administrative providers to federal well being care packages; and WebTPA, an administrator of self-funded employer well being plans.