MultiPlan Appoints John Prince to its Board of Directors
June 27 2023 - 8:00AM
Business Wire
Adds significant payor industry expertise and
bolsters next phase of company’s growth plan
MultiPlan Corporation (NYSE: MPLN) (“MultiPlan” or the
“Company”), a leading provider of technology and data-enabled cost
management, payment, and revenue integrity solutions to the U.S.
healthcare industry, today announced the appointment of John Prince
to its Board of Directors, effective June 26, 2023. Prince has more
than 25 years of executive leadership experience running businesses
in healthcare services and technology and managing enterprise
functions spanning strategy, corporate development, operations, and
technology for healthcare payors and providers, bringing a valuable
depth of expertise to MultiPlan’s board.
Until June 2023, Prince served as President and Chief Operating
Officer of Optum, UnitedHealth Group’s health services platform,
driving companywide performance for a business with $182B in
revenue and $14B in operating earnings. Since 2005, Prince held
numerous other executive roles with UnitedHealth Group, including
Chief Executive Officer of OptumRx, Executive Vice President and
Chief Financial Officer of Optum, and Chief Executive Officer of
Optum Financial Services. Prior to UnitedHealth Group, Prince
served as Senior Vice President and Head of Healthcare Business
Development and Strategy at JPMorgan Chase.
"John’s ability to identify, develop, and execute strategies
that address the complexities and nuances within the payor space is
unmatched,” said Dale White, CEO of MultiPlan. “He will be a
valuable addition to the MultiPlan board, and we look forward to
collaborating with him as we continue our growth.”
Prince’s appointment coincides with the next phase of
MultiPlan’s growth strategy. The Company recently acquired Benefits
Science LLC to advance key priorities within its growth plan,
including the launch of a new Data & Decision Science service
line and further expansion into rapidly growing markets such as
Medicare Advantage and in-network commercial. With over 40 years of
experience in processing healthcare claims and $500 million
invested in its technology platform, MultiPlan is well positioned
to meet the increased demands of its customers with differentiated
offerings and powerful tools to help solve healthcare’s most
pressing challenges.
“With its market-leading position in out-of-network services,
MultiPlan plays a critical role in the healthcare sector and is
ideally positioned to expand payer value into in-network and
government programs,” said Prince. “MultiPlan’s new data science
capabilities will change the landscape for payer innovation by
increasing understanding and reducing payers’ total cost of care,
and will be a tremendous growth driver for the Company.”
About MultiPlan MultiPlan is committed to delivering
affordability, efficiency and fairness to the US healthcare system
by helping healthcare payors manage the cost of care, improve their
competitiveness and inspire positive change. Leveraging
sophisticated technology, data analytics and a team rich with
industry experience, MultiPlan interprets customers’ needs and
customizes innovative solutions that combine its payment and
revenue integrity, network-based and analytics-based services.
MultiPlan is a trusted partner to over 700 healthcare payors in the
commercial health, government and property and casualty markets.
For more information, visit multiplan.com.
Forward Looking Statements This press release contains
forward-looking statements. These forward-looking statements can
generally be identified by the use of forward-looking terminology,
including the terms “believes,” “estimates,” “anticipates,”
“expects,” “seeks,” “projects,” “forecasts,” “intends,” “plans,”
“may,” “will” or “should” or, in each case, their negative or other
variations or comparable terminology. These forward-looking
statements include all matters that are not historical facts,
including the discussion of MultiPlan’s anticipated growth and
long-term prospects. The forward-looking statements are made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995 and speak only as of the date they
are made. Any forward-looking statements that we make herein are
not guarantees of future performance and actual results may differ
materially from those in such forward-looking statements as a
result of various factors. Factors that may impact such
forward-looking statements also include the factors discussed under
“Risk Factors” in the Company’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2022; and other factors beyond our
control. Should one or more of these risks or uncertainties
materialize, or should any of the assumptions prove incorrect,
actual results may vary in material respects from those projected
in these forward-looking statements. The Company’s periodic and
other filings are accessible on the SEC’s website at www.sec.gov.
We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230623199384/en/
Investor Relations Luke Montgomery, CFA SVP, Finance
& Investor Relations MultiPlan 866-909-7427
investor@multiplan.com Shawna Gasik AVP, Investor Relations
MultiPlan 866-909-7427 investor@multiplan.com Media
Relations Pamela Walker AVP, Marketing & Communication
MultiPlan 781-895-3118 press@multiplan.com
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