In a surprise announcement, a South African health benefits company Friday said the chief executive of its up and coming Chicago-based U.S. subsidiary would leave "in the next few weeks."Scott Spiker, 50, who became chief executive officer of Destiny Health in 2004, helped to more than double the size of the company as more businesses bought its new consumer-directed health plans. He also led the relocation of the company last year to more spacious downtown Chicago offices from the suburbs after the company grew from just five workers at its launch five years ago to more than 150.Yet despite the overall growth of consumer-directed health plans across the country, Destiny Health's performance "disappointed during the latter half of the year," a financial report posted on the parent company's Web site said.In particular, the company said Destiny has had trouble in the Illinois market, despite growth elsewhere.
Destiny has a different kind of business model that differe from other plans, despite a lower price point few large Illinois companies have been willing to take the risk of working with an overseas funded health insurer. www.medequote.com
http://www.chicagotribune.com/business/chi-0605270025may27,0,4125045.story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment