FRANKLIN, Tenn. - Clover Health Investments, Corp. (NASDAQ: CLOV), a healthcare company specializing in Medicare Advantage, today announced the appointment of Clay Thornton as the new Chief Financial Officer of its Medicare Advantage division. Thornton brings over a decade of experience in healthcare financial management and operational leadership to Clover Health, where he will be instrumental in driving the company's PPO-first product strategy and pursuit of full-year Adjusted EBITDA profitability.
Thornton's previous roles include serving as Regional Chief Financial Officer and Vice President of Operations for Humana Inc (NYSE:HUM)., where he led a business generating $3 billion in revenue and oversaw significant Medicare Advantage membership growth. His recent experience in the venture capital and private equity sectors, providing advisory services to startups and small-to-mid-sized businesses, has further honed his strategic and operational skills.
"I am thrilled to join the team at Clover Health and drive forward their PPO-first approach in the Medicare Advantage space," Thornton stated. "Clover's innovative use of its proprietary Clover Assistant technology and advanced care management systems sets a new standard in managed care."
Andrew Toy, CEO of Clover Health, expressed confidence in Thornton's alignment with the company's mission and his ability to advance their technology-driven, patient-centered care model.
Clover Health is committed to improving healthcare access for Medicare recipients, focusing on health equity for seniors who have historically lacked affordable, high-quality healthcare options. The company is known for its Clover Assistant software platform, designed to support clinical decision-making and improve health outcomes by managing chronic disease.
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