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Blue Cross Blue Shield of Massachusetts Announces new CEO

CONTACT: Tara Murray
(617) 246-4851
Tara.Murray@bcbsma.com

Board of Directors selects Andrew Dreyfus as President and Chief Executive Officer

BOSTON — August 18, 2010 — The Board of Directors of Blue Cross Blue Shield of Massachusetts (BCBSMA) announced today that it has chosen Executive Vice President Andrew Dreyfus as the company's new President and Chief Executive Officer. Dreyfus will succeed Bill Van Faasen who has served in an unpaid interim role of President and CEO since March 16, 2010. The change becomes effective on September 7, 2010. The Board also announced that Van Faasen will remain involved with the company in a role still to be determined.

In announcing the selection, BCBSMA Board Chairman Paul Guzzi said, "Andrew is not only an experienced leader in the industry and a nationally known expert on critical issues such as health reform and changing the way we pay for care, but as importantly, he has a broad understanding and passionate commitment to continuing and strengthening the important leadership role BCBSMA has played in our community since the company's founding 73 years ago."

In response to the Board's decision, Dreyfus said, "BCBSMA is a great company with a strong legacy as a health and community leader. I want to thank the Board for giving me the privilege to lead such a highly regarded company during this critical time in health care." Dreyfus added that, "making health care more affordable is, and will continue to be, our company's highest priority. Slowing the unsustainable growth in health care costs will require a broad community solution and I pledge to work with others to achieve our shared goal of high quality, patient-centered health care at a cost that's affordable to individuals, families and employers."

Over the past five years, Dreyfus has served as BCBSMA's Executive Vice President for Health Care Services with a broad scope of responsibility that includes payment, contracting, and performance measurement and improvement for hospitals, physicians and other providers; wellness programs for employers; and care and disease management programs for acute and chronically ill members. He also led the development and execution of the company's Alternative Quality Contract (AQC), an innovative new payment model that aligns physician and hospital payments with the quality of care patients receive. One of the largest private payment reform initiatives in the nation, the AQC has received national recognition as a template for future payment reform efforts.

Dreyfus has been a part of BCBSMA's executive leadership team since 2001, when he was selected as the first President of the Blue Cross Blue Shield of Massachusetts Foundation. Under Dreyfus's leadership, the Foundation established its mission of expanding access to health care for Massachusetts residents and earned a reputation for substantive, nonpartisan community leadership. During his tenure, the Foundation distributed nearly $17 million in grants to community organizations and undertook a series of policy initiatives including the Roadmap to Coverage which formed the basis for the state's landmark 2006 Health Reform Law.

Prior to joining BCBSMA in 2001, Dreyfus was an Executive Vice President at the Massachusetts Hospital Association and held senior positions in the Massachusetts Executive Office of Human Services and the Executive Office of Consumer Affairs and Business Regulation.

Blue Cross Blue Shield of Massachusetts (www.bluecrossma.com) was founded 73 years ago by a group of community-minded business leaders. Today, headquartered in Boston, BCBSMA provides coverage to nearly 3 million members, 2.5 million in Massachusetts. BCBSMA believes in rewarding doctors and hospitals for delivering safe and effective care, and in empowering patients to take more responsibility, become educated health care consumers, and become stronger partners with their doctors. Blue Cross Blue Shield of Massachusetts is an independent licensee of the Blue Cross Blue Shield Association.

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