Medicare Advantage insurance company Alignment Health elevated Dawn Maroney to the role of company president on Monday.
In her new role, Maroney will oversee Alignment's daily operations, focus on improving members' experience with the health plan, and work with providers, the company said in a news release.
Related: How Highmark, Alignment earned top Medicare Advantage star ratings
Maroney had served as CEO of Alignment Health Plan and president of markets for 10 years, according to her Linkedin profile. She previously held executive positions at Blue Shield of California, Elevance Health and UnitedHealth Group, according to the social media site.
Alignment Health credited Maroney with growing its Medicare Advantage membership while achieving high quality scores.
Alignment Health Plan enrolled 98% of its 209,900 Medicare Advantage members in plans rated at least four out of five stars in the Medicare Advantage Star Ratings program this year, the news release said. The insurer retained its top quality ratings in Nevada and North Carolina and earned at least four stars in its core market of California, according to the release.
Health insurance companies strive to achieve at least four out of five stars in the lucrative quality ratings program so they can capture the maximum federal bonus payment.
For the company’s third quarter ended Sept. 30, 2024, Alignment Health reported a net loss of $26.4 million, or 14 cents per share, a 24.6% improvement over the same period last year. Revenue rose 51.6% to $692.4 million.
Alignment Health did not immediately respond to an interview request. The company is scheduled to present at the 43rd annual J.P. Morgan Healthcare Conference on Wednesday.