When Wayne Lowell was named an Up & Comer in 1993 at the age of 38, his star had risen “in line with the fortunes of PacifiCare Health Systems,” according to the story.
Perhaps the analogy doesn't end there.
Less than five years later, the fortunes of both would change, and Lowell would end up retiring—as he told Modern Healthcare at the time—to spend time with his then-young sons. At PacifiCare he had started out as corporate controller and left as executive vice president, chief financial officer and chief administrative officer.
In his role as CFO, Lowell helped PacifiCare grow from a $40 million to a $4 billion company and complete some 15 acquisitions. As chief administrative officer, he was responsible for information technology, claims processing and enrollment. Lowell's retirement from PacifiCare in February 1998 followed computer-related and contracting problems at its Utah plan to go along with a $22 million loss for 1997, and a $114 million loss for the fourth quarter of that year.
He says his departure was not related to the losses but had more to do with wanting to work with smaller and medium-size companies.
Since leaving PacifiCare, Lowell, now 52, has worked as a self-employed consultant to CEOs and CFOs on strategic, financial and operating challenges. He also serves as a director of several healthcare companies, including managed-care company Molina Healthcare; WellMed Medical Management, a San Antonio-based physician practice management company; and IPC-The Hospitalist Co. The name of his consulting firm, Jonchra Associates, is a melding of the names of his two sons, Jonathan and Christopher.