ARLINGTON, Va.--(BUSINESS WIRE)--Health Net Federal Services, LLC, a wholly owned subsidiary of Health Net, Inc., has named Billy Maynard incoming president, effective May 1, 2015. He will replace Thomas Carrato, who will retire later this year after nine years with Health Net Federal Services, the last three as president.
“While we are sad to lose Tom to retirement, we are fortunate to have Billy’s in-depth understanding of the needs of the Department of Defense and federal-sector business planning and strategy,” said Jay Gellert, president and chief executive officer of Health Net.
“Having both Billy and Tom on board at the same time will help ensure a smooth and effective transition of duties and an appropriate handoff of our Department of Defense partnerships and relationships,” said Gellert.
Maynard most recently was a partner at the management consulting firm InfiniTek, where he specialized in federal health care strategy and provided significant consulting support to Health Net and Health Net Federal Services over the past 12 years. Previously, he held business development and strategy positions with advanced technology defense-sector services companies.
“Billy understands Health Net and our TRICARE and Department of Veterans Affairs lines of business very well,” said Steve Tough, president of Government Programs for Health Net. “His deep knowledge of the details of our government-based programs will help this transition.”
A veteran of the U.S. Army, Maynard was executive assistant to NATO's Supreme Allied Commander, Europe, from 1983 to 1990. During this period, he was twice decorated with the Defense Meritorious Service Medal for contributions in support of the NATO Alliance.
Maynard is a graduate of the U.S. Army Institute of Personnel and Resource Management (Adjutant General Corps); studied business administration at the University of Maryland University College Europe; and holds a postgraduate certification in organization development from DePaul University.
Maynard will be based in Arlington, Va.
“Health Net is indebted to Tom for his leadership and guidance,” said Gellert. “He had a remarkable career in the government health care sector, including as a rear admiral in the U.S. Public Health Service, and he helped enrich Health Net’s services to our nation’s military families.”
About Health Net
Health Net, Inc. (NYSE:HNT) is a publicly traded managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans. Its mission is to help people be healthy, secure and comfortable. Health Net provides and administers health benefits to approximately 6.0 million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid, dual eligible, U.S. Department of Defense, including TRICARE, and U.S. Department of Veterans Affairs programs. Health Net also offers behavioral health, substance abuse and employee assistance programs, managed health care products related to prescription drugs, managed health care product coordination for multi-region employers, and administrative services for medical groups and self-funded benefits programs.
For more information on Health Net, Inc., please visit Health Net’s website at www.healthnet.com.
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