Umar Farooq
Executive Vice President | Chief Strategy Officer@ Premera Blue Cross
Seattle, Washington, United States
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Umar Farooq is an experienced healthcare professional with 17.8 years of work experience. He has a strong background in strategic planning, leadership, and health insurance. Currently, he serves as the EVP and Chief Strategy Officer for Premera Blue Cross. Prior to this, he held various leadership positions at Lumeris and Centene Corporation, where he played a key role in developing and executing strategies, driving national scalability for growth, and delivering industry-leading experience. Umar has extensive expertise in value-based program development and has successfully implemented provider-aligned health plans.
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Emails and Phone Numbers

@premera.com
@lumeris.com
@centene.com
@gmail.com
@centene.com
@siho.org
@gmail.com
@gmail.com
@commonwealthcare.org
+1 812378****
+1 855339****
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About

Umar is EVP and Chief Strategy Officer for Premera Blue Cross. Prior to Premera, Umar was President of Essence Healthcare at Lumeris, Umar’s responsibilities included developing and executing strategy, driving national scalability for growth, and delivering an industry leading experience for its customers, members and stakeholders. Prior to Lumeris, Umar was General Manager | Market President for Commonwealth Care Alliance of Boston, Massachusetts; a $2B fully integrated payer/provider managed care plan. At CCA Umar was responsible for market and business line performance of Medicare and Medicaid health plans, relationships with government officials, provider groups, and other key strategic partners that drive growth & expansion.Prior to CCA, Umar was a Vice President at Centene Corporation, where he was responsible for MHS health plan's provider strategy, operations, Medicare bid, and strategic planning efforts. While at Centene, he drove regional strategic planning efforts by supporting Market leadership execute 'all products, all markets' growth agenda via product expansion and margin improvement initiatives under Centene's Enterprise Strategy Group. Finally, in his last tour, he assisted Centene's 2020 Transformation efforts which included Marketplace(Ambetter) Network strategy and TX Medicaid Margin improvement planning. Umar has extensive operating experience in the development and formation of Provider Sponsored Health Plans(PSHP) and provider-aligned managed care products. His experience includes domain expertise in value-based program development with health plans and provider systems moving towards total cost of care management across programs in Commercial, Medicare, and Medicaid managed product lines.

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Work Experience

7001 220th Street S.W., Mountlake Terrace, Washington, 98043, US

Insurance

3496
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Umar Farooq's Professional Milestones

  • General Manager | Market Lead (2020-01-01~): Maximized market share by implementing strategic marketing initiatives and driving revenue growth.
  • Vice President Of Network Development And Engagement (2016-09-01~): Driving effective networks to enhance cross-functional collaboration and foster collaboration across organizations.
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Education

Harvard Business School Executive Education
Harvard Business School Executive Education

Education,

Healthcare,

Accounting

2015-2015
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