Health Industry Career
In September 1998, Baker left state government and became CEO of Harvard Vanguard Medical Associates, a New England–based physicians' group. In May 1999, he was named president and CEO of Harvard Vanguard's parent company, Harvard Pilgrim Health Care, a non-profit health benefits organization. The company had lost $58 million in 1998 and was predicted to lose over $90 million in 1999. Baker responded by cutting the workforce by 90 people, increasing premiums, establishing new contracts with Massachusetts physicians, reassessing the company's financial structure, and outsourcing its information technology. During his tenure as CEO, the company had 24 profitable quarters in a row and earned recognition from the National Committee for Quality Assurance as its choice for America's Best Health Plan for five straight years.
In mid-2007, Baker was invited to join the board of trustees of Beth Israel Deaconess Medical Center. Because of Baker's role in the insurance business, the appointment caused controversy, but he and the hospital's CEO, Paul F. Levy, denied any conflict of interest. Baker also serves on the board of directors of the Kenneth B. Schwartz Center, which, according to its website, "conducts pioneering programs to educate, train and support caregivers in the art of compassionate health care". It is rumored that Baker will take Paul Levy's spot as President of Beth Israel Deaconess Medical Center upon Mr. Levy's resignation.
Read more about this topic: Charles D. Baker, Jr.
Famous quotes containing the words health, industry and/or career:
“Men’s hearts are cold. They are indifferent. Not all the coal that is dug warms the world. It remains indifferent to the lives of those who risk their life and health down in the blackness of the earth; who crawl through dark, choking crevices with only a bit of lamp on their caps to light their silent way; whose backs are bent with toil, whose very bones ache, whose happiness is sleep, and whose peace is death.”
—Mother Jones (1830–1930)
“What more is necessary to make us a happy and prosperous people? Still one thing more … a wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from labor the bread it has earned.”
—Thomas Jefferson (1743–1826)
“A black boxer’s career is the perfect metaphor for the career of a black male. Every day is like being in the gym, sparring with impersonal opponents as one faces the rudeness and hostility that a black male must confront in the United States, where he is the object of both fear and fascination.”
—Ishmael Reed (b. 1938)