NB

Nitin Bhargava

Limited Partner at HC9 Ventures

San Francisco Bay Area

Overview

Work Experience

  • Limited Partner

    2022 - Current

  • Chief Product and Segments Officer, SVP, Commercial and Specialty Business Division

    2021 - 2022

    C-level leader at Elevance Health (previously Anthem, Inc., NYSE: ELV), a Fortune 20 company. Strategy, digital health and therapeutics, product portfolio transformation, consumer segments and profitable growth focus. In addition to leading Integrated Growth Verticals (Student Health Insurance, Labor and Trust i.e., union business, AmeriBen TPA, Network Access Solutions, Workers' Comp), this promotion expanded the role to include leadership of Commercial Product, Dental, Vision, Life & Disability and Core commercial employer group segments. Focus on P&L, Sales and Account Management, organic and inorganic growth and long-term strategic planning for the portfolio of businesses above. Commercial Product consists of teams for Digital health solutions (VPC, Urgent Care, In-home care), Member engagement strategies and Digital Front Door (Sydney Health), Clinical and Longitudinal Care solutions, Wellness offerings, Spending Accounts solutions, Benefit design teams (build, filings and management), Network and Product build for ACO and High Performance Network solutions, Business Intelligence, Product Analytics and Data Science team, and Local Market and National Account portfolio and product strategies. Overall coordination of Commercial Product solutions with IngenioRx, Anthem Digital Platform, Dental, Vision, Life and Disability, Diversified Business Group solutions and external vendor solutions.

  • President, Integrated Businesses, Commercial and Specialty Business Division

    2020 - 2021

    Lead a team of nearly 1,200 professionals in a portfolio of growth verticals, serving nearly 5 million members. Driving both organic and inorganic growth, with P&L and operating responsibility. - Anthem Student Advantage - AmeriBen, an Anthem subsidiary - Labor and Trust - Stop Loss - Network Access (Anthem's JAA) and TPA Strategy

  • National Head, Commercial Segment Solutions (Individual, Small Group and Large Group)

    2019 - 2020

    National leadership role for all the core Segments - Large Group, Small Business (usually 2-50 employees) and Individual (ACA/Exchange and non-ACA) businesses, ensuring profitable growth, expansion and cross-sell of Rx and Specialty across commercial health plans in 14 states. Revenues >$25 billion

  • National Large Group Segment Head

    2018 - 2019

    National role focusing on Profitability, Growth, Product, Marketing and GTM strategy for risk-based and fee-based offerings with large employers - revenues of $18 billion and ~14.5 million members. Initiatives included product portfolio streamlining, standing up new businesses such as Student Health Insurance (University and College vertical), growth in Labor and Trust vertical (>70% market share), refinement and execution of Self-funded/fee-based strategy, Jointly Administered Agreements (JAA/network rental) and review and acquisition of TPA (AmeriBen).

  • Senior Vice President, Employer Markets

    2016 - 2018

    Operating responsibility for all Employer Group lines of business at Blue Shield of California. This includes Premier Accounts (2000+), Middle Market (100 - 2,000), Small Group (2 - 100), Public and Labor, FEP, and CalPERS business units as well as Underwriting department. Blue Shield's Employer Markets division serves approximately 2.5 million members and has nearly $10 billion in revenues.

  • President, Great Lakes Region (5 states)

    2015 - 2016

    Growth in consumer business opportunity. Operating responsibility for all Aetna businesses except Medicaid and National Accounts in the five state Great Lakes region (IL, IN, MI, WI and MN). Revenues over $1 billion (mostly fee-based/self-funded) and operating earnings over $110 million.

  • President, Ohio and Kentucky Markets

    2012 - 2015

    Turnaround opportunity. P&L, sales, distribution, and operating responsibility for Aetna's business in OH and KY, including health care delivery network strategy and contracting. Business lines include Medical, Pharmacy, Life, Disability, Retiree Programs and Dental. Products are distributed to customers with sizes ranging from 2 to 3,000 employees (and in some cases, 5,000), as well as individual purchasers. Approximate revenue of >$2 billion. Press Release here: https://www.businesswire.com/news/home/20120810005525/en/Aetna-Names-Nitin-Bhargava-Head-OhioKentucky-Market

  • Senior Vice President and head, Aetna Medicare, Mid-America Region

    2010 - 2012

    Market expansion, double-down and optimization opportunity. P&L, sales, and distribution management for the Senior Market business for 17 states in Southwest and Midwest United States. Key markets include Texas, Ohio, Illinois, Missouri, Michigan, and Wisconsin. Product portfolio includes Medicare Advantage, Medicare Supplement and PDP, currently serving a customer base of over 400,000 members.

  • Vice President, Sales, Consumer Segment

    2008 - 2010

    Scale achievement and business maturation opportunity. Distribution and Sales for 16 states in the midwestern US with responsibility for: - Individual Medicare - Market strategy, Sales leadership, Marketing and Advertising planning - Employer Group Medicare and Retiree health - Sales, Retention, risk and fee-based funding and benefit management strategies - Individual Major Medical (i.e., pre-65 commercial products) and ancillary product growth (sales and retention)

  • Vice President, Sales, Retiree Markets

    2006 - 2007

    Start-up sales and market development in the Midwest for Medicare business. Drove footprint and team build-out. Profitable growth by team in revenues from low tens of millions to over two billion in 18 months.

  • Business Development

    2005 - 2006

    Start-up and distribution development opportunity: Business-to-business deals for Medicare/Senior market business to develop national distribution and supporting marketing, advertising planning and execution for Medicare Prescription Drug Program (PDP) start-up. Delivered 70,000+ members at launch of national product. Business growth worth $125 MM+ revenues in a 10 month period of pre-launch target identification, deal making, launch, implementation and 6 months of post-launch execution.

  • Head of IT Business Infrastructure Management

    2002 - 2005

    Drove dialog, business needs assessment and project investments with all Aetna business and application delivery areas through identification of technology infrastructure solutions, strategy development and costing of IT infrastructure over multi-year periods to support business solutions across the Aetna enterprise. Included assessment and recommendation for in-house, off-the-shelf commercial (e.g., ERP, CRM, BI, IVR and speech enabled applications etc.), outsourcing (domestic and international), and software as a service initiatives. Directed a team of seasoned and highly experienced IT professionals.

  • Program Manager, M&A, Technology Initiatives, Competitive Benchmarking

    2000 - 2002

    M&A due diligence, and management of merger and divestiture related initiatives. SG&A and IT benchmarking with industry peers and non-industry best of class companies.

  • Chief of Staff, Enterprise Management Systems

    1999 - 2000

    Launch of Offshore initiative; Strategic Plan Development; Cost Benefit analysis for projects; Annual Operating and Business Plan development; Expense and staff planning; Reporting and communication with CIO/CEO/Chairman offices

  • Project Manager

    1997 - 1999

  • Technology/Infrastructure Strategy

    1995 - 1997

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