There’s been another shakeup at one of the major health insurers in the Albany area.
The interim regional leader of BlueShield of Northeastern New York, Dave Busch, has been let go from the insurer’s parent company, HealthNow New York in Buffalo.
Busch’s position of senior vice president and chief sales officer at HealthNow has been eliminated, a spokeswoman said.
Busch was tapped to lead the Albany area insurance division in September. He took over for Dr. Kirk Panneton, who had been the top executive in this area since 2014. Panneton parted ways with the company in August.
Dr. Thomas Schenk, chief medical officer and senior vice president, has taken over as interim regional executive. A search is underway for a permanent regional executive for BlueShield.
Busch joined HealthNow in 2014, and in his role, he led year-over-year increases in revenue and membership.
HealthNow’s sales leadership team, account executives and customer service representatives will be focused on supporting employer groups, brokers and members, spokeswoman Amber Hartmann said.
“With accelerating changes in the health care landscape, new approaches in sales channels and market segments, HealthNow’s growth and success require vigilance and ongoing effort,” Hartmann said in a statement. “These changes allow us to increase our focus on growth opportunities by each unique sales segment.”
BlueShield of Northeastern New York had more than 111,000 members in the 11-county Albany region in 2018, according to filings with the New York state Department of Financial Services.
The company has about 200 employees at its offices on Century Hill Drive in Latham.
HealthNow brought in $2.6 billion in revenue in 2018 and net income of $47 million. Including its divisions in western New York and the Albany area, the company serves more than 1 million members. That was down slightly from 2017, when the company had a $55 million surplus on revenue of $2.5 billion.
Busch was one of the company’s top earners, according to HealthNow’s 2018 annual filing, taking home $807,387 in salary and bonuses.