A Virginia health information technology company has hired local industry veteran Mark Foulke to be its new executive vice president for transformational value-based care — a move that has him overseeing the consumer care experience across a network of 2,000 providers.
In his role at practice management and population health tech venture Privia Health, Foulke will meet and engage Privia providers in existing and future markets to assist them in their move to more high value-based arrangements. According to a press release, he will, among other things, coordinate value-based reimbursement with payers, work with Privia’s market presidents to organize teams and improve performance-based reimbursement programs.
Prior to joining Privia, Foulke was COO and market manager for the Tennessee division of Franklin-based Cigna-HealthSpring. There, he led the company’s $1 billion Medicare Advantage line of business and headed up all operations for the Tennessee heath plan. At Privia, he joins former HealthSpring colleague Shawn Morris, who was named CEO earlier this year, and former Baker Donelson Bearman Caldwell & Berkowitz partner Thomas Bartrum.
“I have long admired Privia and its innovative approach to empowering independent medical practices to maximize their operations and deliver the best patient care and experience possible,” Foulke said in the release. “The team has already demonstrated a tremendous amount of success from the earliest days of value-based care programs and is well positioned to lead the charge as the transition to value truly takes hold. I am excited to join Privia and contribute to the company’s culture and continued growth.”
Privia health is a portfolio company of Stamford-based Brighton Health Services.