Nashville health care company taps Humana exec as CEO
A Charlie Martin-founded physician network has a new top executive.
Humana Inc. Deputy Chief Medical Officer Dr. Worthe Holt Jr. has been named CEO of Nashville-based Wellvana Health, according to a news release. He replaces Devin Carty, who will become Wellvana’s chairman.
Wellvana is financed by Martin, founder of Martin Ventures, and several San Antonio physicians. Carty is also CEO of Martin Ventures.
Wellvana builds networks of independent physicians backed up by care coordinators designed to reduce operating costs and improve patient wellness and care. Wellvana’s network is offered to self-insured employers as an avenue to reduce health care costs. Founded in 2018, the company’s first market was San Antonio.
“Wellvana is founded on the principles of supporting primary care and specialty physicians in remaining independent by empowering them with the capital, human resources, contracts and technology to thrive in a value-based world,” Martin said in the release. “Dr. Holt’s demonstrated leadership in health care operations, value-based care and managed care will help scale Wellvana through the next stage of growth.”
At Humana (NYSE: HUM), Holt oversaw physician enterprise, clinical strategy and value-based care, according to the release. He was previously executive vice president and chief operating officer of St. Vincent Health System, a health system in Indiana, and is a retired Air Force major general.
“Wellvana partners with select health insurance programs that align the incentives of everyone in the health care ecosystem to provide great access to world-class care in a way that reduces expense for employers, payors and patients,” Carty said in the release. “Dr. Holt has proven experience partnering with physicians to achieve success in value-based agreements with Medicare, Medicare Advantage, Medicaid, commercial health plans and employers. We are excited to have him lead the Wellvana team.”