Bright HealthCare CEO to resign

Simeon Schindelman, Bright HealthCare’s CEO, is stepping down from his role effective March 11, according to a Feb. 11 SEC filing

Advertisement

Mr. Schindelman will be succeeded by Jay Matushak, the payer’s current CFO. Mr. Matushak will helm Bright HealthCare as interim CEO while the company conducts a national search for a permanent leader. 

The Bloomington, Minn.-based payer, an arm of Bright Health Group, offers individual and family, Medicaid and small business health plans in 17 states. Cigna invested $750 million in the payer’s parent company in December 2021. 

Bright Health Group declined any further comment on the resignation beyond the SEC filing.

At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.

Advertisement

Next Up in Executive Moves

Advertisement

Comments are closed.