Umar Farooq
Harvard Business School Executive Education
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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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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.
...See MoreWork Experience
Executive Vice President | Chief Strategy Officer
Insurance
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.
Education
Education,
Healthcare,
Accounting
2015-2015Skill
Healthcare
Managed Care
Strategic Planning
Leadership
Health Insurance
Hospitals
Insurance
Financial Modeling
Process Improvement
Business Development
Health Policy
Analysis
Hipaa
Public Speaking
Finance
Sales
Healthcare Industry
Strategy
Team Building
Medicaid
Financial Analysis
Microsoft Excel
Forecasting
Revenue Cycle
Healthcare Management
Medicare
Healthcare Information Technology
Data Analysis
Healthcare Consulting
Physicians
Executive Management
Business Strategy
Provider Relations
Employee Benefits
Ppo
Marketing
Access
Budgets
Mergers And Acquisitions
Training
Physician Relations
New Business Development
Business Process Improvement
Cross Functional Team Leadership
Performance Improvement
Corporate Development
Network Development
Salesforce.com
Leadership Development
Mergers
Certification
Colleagues
Scott Fredrickson
Product Owner - Principal
Tinh Nguyen
product owner at premera blue cross
Anne Mahoney
product owner at premera blue cross
Linda Huynh
product owner at premera blue cross
Ahmed Mubashir
sr business system analyst sr product owner
Other Named Umar Farooq
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Umar Farooq works for Premera Blue Cross
Umar Farooq's role in Premera Blue Cross is Executive Vice President | Chief Strategy Officer
Umar Farooq works in the industry of Insurance
Umar Farooq's colleagues are Scott Fredrickson,Tinh Nguyen,Anne Mahoney
Umar Farooq's latest job experience is Executive Vice President | Chief Strategy Officer at Premera Blue Cross
Umar Farooq's latest education in Harvard Business School Executive Education