Former Elevance CEO to lead value-based pricing revolution
INDIANAPOLIS, October 25, 2022 /PRNewswire/ — Marathon Health, a national leader in employer health solutions for companies of all sizes, today announces the hiring of Pat Murphy as Chief Financial Officer. Murphy brings more than 25 years of financial experience to Marathon Health, serving the last 17 in various leadership roles at Elevance Health (formerly Anthem).
Marathon Health simplifies healthcare for employers by combining independent primary care with value-based population health management to deliver healthier members and meaningful savings. A big component of this mission is price transformation – for employers and patients – and sound financial leadership is key to making this a reality.
“Pat has seen healthcare delivery and pricing from every angle and brings a wealth of experience and momentum to the team,” said Jeff Wells, MD, CEO and co-founder of Marathon Health. “We have piloted risk-based pricing arrangements with our clients for several years to tremendous success, and we are confident that Pat’s leadership will help us bring this payment approach to many more employers.”
“Primary care and value-based care models are key to transforming healthcare. And it’s a proven way to help employers take care of their employees while keeping costs down. I have admired Marathon Health for some time and am excited to have you on board to help them grow this incredible service,” said Murphy.
Murphy lives in Indianapolis with his wife and two children and is an active leader in the community, including past and present leadership roles on the board of the Indiana Sports Corp., Indianapolis Cultural Trail: A Legacy of Gene & Marilyn GlickBishop Chatard High School, Junior Achievement, Catholic Youth Organization and St. Pius X
Marathon Health’s unique healthcare delivery model has attracted a rapidly growing and impressive list of employers including Tyson, Cargill, New Balance, Aflac, Raymond James in addition to municipalities, school districts and unions across the country.
Its independent primary care model gives providers additional time to build relationships with their patients and remains free of any affiliation with a hospital or health system. In-person and virtual care is available at over 250 on-site, in-network, near-site and virtual health centers nationwide.
Marathon Health patients save their employers 2000 dollars on average per year and report better chronic disease management and overall health. To date, Marathon Health has saved its clients more than 1 billion dollars in healthcare costs, with the average company saving approx 11 million dollars.
About Marathon Health
Marathon Health simplifies healthcare for employers by combining independent primary care with value-based population health management to deliver healthier members and meaningful savings. Marathon Health is a five-time Modern Healthcare winner for Best Places to Work in Healthcare and a two-time Best in KLAS award winner for excellence in workplace health services. For more information, please visit www.marathon-health.com.
SOURCE Marathon Health