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| NEWS |
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May 29, 2012
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Health Partners Names New CFO
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Philadelphia, PA – Health Partners is pleased to announce the appointment of Rolando J. Portocarrero, CMA, M.B.A. as its new Senior Vice President of Finance and Chief Financial Officer (CFO). Portocarrero will function as an integral part of the executive management team with responsibility for overseeing all aspects of the finance and accounting functions of the organization, including oversight and evaluation of short and long-term strategic financial planning. He will also provide timely and accurate analysis of budgets, procurement, financial risks, trends and forecasts.
Prior to joining Health Partners, Portocarrero served as the CFO and Sr. vice president of finance for Capital District Physicians’ Health Plan (CDPHP) in Albany, NY. The physician-founded plan was established in 1984 and serves 230,000 Commercial members, 115,000 Medicaid members, and 35,000 Medicare members. Prior to his position with CDPHP, Portocarrero was CFO of Health Plus PHSP a 285,000 members’ Medicaid Plan in New York. He also served as vice president of Financial Analysis, Planning and Reporting at Health Net Northeast in New York. Portocarrero has more than 20 years of managed care experience.
“I was attracted to Health Partners because of its demonstrated commitment to making a difference in the health of the community it serves,” said Portocarrero. “Health Partners has a reputation for being as dedicated to its employees, as demonstrated by being selected as a top three workplace in Philadelphia, as it is to the nearly 170,000 members that rely on the organization to provide access to the highest quality care for this otherwise underserved population.”
Portocarrero has a Bachelor of Science degree from the United States Naval Academy in Annapolis, MD. He received his Master of Business Administration from The Graduate School of Business of Rutgers University in Newark, NJ, with concentrations in Finance and Operations Management.
About Health Partners: Health Partners is a not-for-profit health plan serving nearly 170,000 members in the Greater Philadelphia region. Its HealthChoices Medicaid plan consistently ranks number one in the area for member satisfaction based on an annual consumer survey; and is rated as “Excellent,” the highest level possible, by the National Committee for Quality Assurance (NCQA). In 2009, the company launched KidzPartners, which provides free or low-cost health insurance to uninsured children and teens through CHIP, Pennsylvania's Children's Health Insurance Program. Founded more than 25 years ago, Health Partners is one of the few hospital-owned health plans in the country and has received national recognition for its innovations in managed care. For more information about Health Partners, please visit www.healthpart.com.
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For media inquiries contact:
Felicia R. Phillips
Manager, Corporate Communications
(215) 967-4580
Rodney J. Yancey
Senior Communications Specialist
(215) 965-7121
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