Health New England Appoints Michael Marrone Chief Financial Officer
SPRINGFIELD — Health New England announced the recent appointment of Michael Marrone as chief financial officer. In this role, he will lead all aspects of financial strategy for the organization, aiming to provide cost-effective healthcare coverage while maintaining high-quality member care.
Marrone is also responsible for accounting and financial reporting and also oversees provider operations. He joins Health New England’s executive leadership team and reports directly to President and CEO Maura McCaffrey.
“Mike’s broad healthcare-industry experience and financial acumen make him a great asset to the company and a valuable addition to our executive team. We’re thrilled to welcome him to our organization,” McCaffrey said.
Prior to joining Health New England, Marrone was chief financial officer, New England market at Aetna Inc. in Hartford, Conn. In this role, he was responsible for the profit and loss for all commercial and Medicare health, group, and dental businesses across health plans in six states. His career also includes more than nine years at Blue Cross Blue Shield of Massachusetts, where he served in various leadership roles in financial management, including medical economics, trend-management analytics, and informatics.
Marrone holds a bachelor’s degree in business management with a concentration in economics from the University of Maine, Farmington, as well as an MBA from the University of Southern Maine Graduate School of Business.
Based in Springfield, Health New England is a nonprofit health plan serving members in Massachusetts and Connecticut. A wholly-owned subsidiary of Baystate Health, Health New England offers a range of healthcare plans in the commercial, Medicaid, and Medicare markets.