Dr. Steve Goldberg is no longer the chief medical officer of WellCare Health Plans, the managed-care insurer said this week. His position was terminated, but he will stay on with the company until April 1.
Instead of having a CMO, WellCare is restructuring to have three chief medical directors who focus on quality, utilization management and care models. Those three clinical positions will report to Michael Radu, WellCare's senior VP of clinical operations and business development, a spokeswoman said.
Goldberg will stay on until April 1 to help the chief medical directors absorb his responsibilities. He has been with WellCare since July 2013. He has held clinical leadership roles for several years in the health insurance industry, including stints at Coventry, Express Scripts Holding Co. and Humana. Goldberg was not able to be reached for an interview.
Goldberg will receive a severance package valued at almost $700,000, according to company documents. He made $1.25 million in 2014, making him one of WellCare's highest-paid executives.
WellCare predominantly sells Medicaid, Medicare Advantage and Medicare Part D prescription plans. After years of executive malfeasance and financial troubles, WellCare has been trying to change course under CEO Ken Burdick. The Tampa, Fla.-based company recently won a Medicaid contract with Iowa, although it expects to lose money in the near term on that deal.