EAGAN, Minn., April 13, 2017 /PRNewswire-USNewswire/ -- Blue Cross and Blue Shield of Minnesota (Blue Cross) today announced the appointment of Cain A. Hayes as executive vice president, chief operating officer and president of the health business. In this new position, Hayes is accountable for the strategic management and oversight of all Blue Cross-branded lines of business, including commercial segments, government segments and the division responsible for medical management, pharmaceuticals, provider network contracting, and health and wellness programs.
Hayes, a 25 year veteran of health insurance and financial services, comes to Blue Cross from Aetna, where he was president of the national accounts business. In this position, Hayes had full operating responsibility for a multi-billion business segment focused on Fortune 1000 employers, including network and medical management for more than 7 million members across North America.
Hayes' tenure at Aetna also included service as president of the company's Mid-America Region and president of the Government-Sector and Labor Division. Before Aetna, Cain held a number of executive leadership positions at Nationwide and Principal Financial Group.
"Cain Hayes is well-known and well-regarded within the health insurance industry as a leader of high-performing teams that deliver innovative and customer-focused solutions," said Michael Guyette, Blue Cross president and CEO. "I am confident that his proven approach to assessing, developing and executing strategies will play a significant role in realizing our vision of becoming a national leader in consumer health."
Hayes earned a bachelor's degree in business administration from Drake University and a Master of Business Administration from Webster University. Additionally, Hayes earned the Chartered Financial Consultant (ChFC) designation from The American College and the Certified Employee Benefit Specialist (CEBS) designation from The Wharton School, University of Pennsylvania.
About Blue Cross and Blue Shield of Minnesota
Blue Cross and Blue Shield of Minnesota, with headquarters in the St. Paul suburb of Eagan, was chartered in 1933 as Minnesota's first health plan and continues to carry out its charter mission today: to promote a wider, more economical and timely availability of health services for the people of Minnesota. A nonprofit, taxable organization, Blue Cross is the largest health plan based in Minnesota, covering 2.9 million members in Minnesota and nationally through its health plans or plans administered by its affiliated companies. Blue Cross and Blue Shield of Minnesota is an independent licensee of the Blue Cross and Blue Shield Association, headquartered in Chicago. Go to bluecrossmn.com to learn more.
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Jim McManus, 651.662.2882
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SOURCE Blue Cross and Blue Shield of Minnesota