Bruce D. Broussard

Last updated
Bruce Broussard
Bruce D. Broussard Headshot 2020.jpg
Broussard in 2020
Born
Bruce Dale Broussard

1961or1962(age 62–63)
Hamilton, New York, U.S.
Education Texas A&M University (BS)
University of Houston (MBA)

Bruce Dale Broussard (born 1961or1962 [1] ) is an American business executive. From 2013 to 2024, Broussard was chief executive officer (CEO) of Humana, a healthcare company with headquarters in Louisville, Kentucky. [2] Prior to joining Humana, he had several executive roles, including CEO of McKesson Specialty/US Oncology. [3]

Contents

Broussard has participated in business advocacy organizations such as the Business Roundtable, [4] The Business Council, [5] and the American Heart Association CEO Roundtable. [6] He is a board member of HP Inc., [7] and a member and previous chair of America's Health Insurance Plans. [8] Broussard was chair of the trust for the National Mall, [9] a nonprofit philanthropic partner of the National Park Service dedicated to restoring and preserving the National Mall.

Biography

Broussard was born in Hamilton, New York, the son of Wilbert and Sandy Broussard. [10] His father served in the US Air Force and then spent his career in technology working at several telecommunications companies, [10] requiring the family to move to several different cities, eventually landing in Houston, Texas, where Broussard spent the remainder of his childhood.

Broussard received a BBA in finance and accounting from the Mays Business School at Texas A&M University, and a Master of Business Administration in finance from the University of Houston. [2] [11] He is a certified public accountant.

Career

Beginning in 1990 he was vice president and treasurer for Continental Medical Systems. Three years later he became chief financial officer at Sun Healthcare Group. During the next year he was chief financial officer and executive vice president at Regency Health Services. From 1997 to 2000 he was CEO of Harbor Dental. [2]

In 2000 Broussard began working for US Oncology, which was acquired by the McKesson Corporation in 2010. [12] For six years, he was the company's chief financial officer. [13] He became president in 2005 [13] and was head of investor relations. He was also in charge of pharmaceutical services, pharmaceutical distribution, marketing, and growth initiatives. [13] He became CEO of US Oncology in 2008, and chairman a year later. [14]

In 2011, Broussard became president of Humana and in 2013, was promoted to CEO, succeeding Michael B. McCallister. Under Broussard's tenure, Humana's revenue grew to $92.9 billion in 2022 from $39.1 billion in 2012 and its net income doubled to $2.8 billion. Its stock price increased from $63 to over $500. [15]

Since 2013, Broussard's focus on Humana's Medicare Advantage business saw a 17 percent increase in membership compared to traditional Medicare, outpacing the rest of the industry. [16] He has also been credited with expanding Humana's focus from solely health insurance to an integrated healthcare model. [17]

In 2023, Humana announced that Broussard would step down in 2024, to be replaced by Envision Healthcare president and CEO Jim Rechtin, after which Broussard will continue in a strategic advisor role into 2025. [18]

Broussard's board roles include HP Inc., and chair of the trust for the National Mall. [19]

Related Research Articles

<span class="mw-page-title-main">Aetna</span> American insurance company

Aetna Inc. is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid insurance and benefit programs, and through Medicare. Since November 28, 2018, the company has been a subsidiary of CVS Health.

<span class="mw-page-title-main">Cigna</span> American health services organization

The Cigna Group is an American multinational managed healthcare and insurance company based in Bloomfield, Connecticut. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups. Cigna is incorporated in Delaware.

Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. In 2023, the company ranked 42 on the Fortune 500 list, which made it the highest ranked company based in Kentucky. It is the fourth largest health insurance provider in the U.S.

<span class="mw-page-title-main">HCA Healthcare</span> American healthcare facilities company

HCA Healthcare, Inc. is an American for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owned and operated 186 hospitals and approximately 2,400 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 20 states and the United Kingdom. As of 2024, HCA Healthcare is ranked #61 on the Fortune 500 rankings of the largest United States corporations by total revenue.

McKesson Corporation is a publicly-traded American company that distributes pharmaceuticals and provides health information technology, medical supplies, and health management tools. The company delivers a third of all pharmaceutical products used or consumed in North America and employs over 51,000 employees. With $308.9 billion in 2024 revenue, it is the ninth-largest company by revenue in the United States and the nation's largest health care company. The company is headquartered in Irving, Texas. It is a member of the S&P 500 and New York Stock Exchange, where it is traded under the ticker symbol NYSE: MCK.

<span class="mw-page-title-main">Cardinal Health</span> American multinational health care services company

Cardinal Health, Inc. is an American multinational health care services company, and the 14th highest revenue generating company in the United States. Headquartered in Dublin, Ohio, the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations. The company also manufactures medical and surgical product, including gloves, surgical apparel, and fluid management products. In addition, it operates one of the largest networks of radiopharmacies in the U.S. Cardinal Health provides medical products to over 75 percent of hospitals in the United States.

UnitedHealth Group Incorporated is an American multinational health insurance and services company based in Minnetonka, Minnesota. Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. It is based on a market based health insurance system as opposed to universal health care.

G. Kennedy Thompson, also known as Ken Thompson, is an American banker and businessman who was chairman, president, and CEO of Wachovia Corporation, formerly First Union Corporation, from 2000 through 2008. During his leadership, Wachovia grew to become the nation's fourth largest bank.

AHIP is an American political advocacy and trade association of health insurance companies that offer coverage through the employer-provided, Medicare Advantage, Medicaid managed care, and individual markets.

<span class="mw-page-title-main">Bauer College of Business</span> Business school of the University of Houston

The C.T. Bauer College of Business is the business school of the University of Houston, and is fully accredited by the AACSB International. It offers BBA, MBA, MS Accountancy, MS Finance and the Houston metropolitan area's only Ph.D. program in business administration.

<span class="mw-page-title-main">Cousins Properties</span> American real estate company

Cousins Properties Incorporated is a publicly traded real estate investment trust (REIT) that invests in office buildings in Atlanta, Charlotte, Austin, Phoenix, Tampa, and Chapel Hill, North Carolina. The company has developed notable properties including CNN Center, Omni Coliseum, 191 Peachtree Tower, and Emory Point in Atlanta.

John H. Hammergren is an American businessman. He is best known for his role as chairman and CEO of McKesson Corporation since 1999. On November 1, 2018, Hammergren announced his plan to retire. On April 1, 2019, he officially retired from McKesson. He was succeeded by Brian Tyler.

<span class="mw-page-title-main">Mark Bertolini</span> American businessman

Mark T. Bertolini is an American businessman who is currently the CEO of Oscar Health, a tech-driven health insurance company located in New York. He was the co-CEO of Bridgewater Associates, one of the world's largest hedge funds, and was previously the CEO of Aetna, a Fortune 50 diversified health care benefits company with over $60 billion in 2015 revenue. Bertolini assumed the role of CEO on November 29, 2010 and of chairman on April 8, 2011, until Aetna was sold to CVS on November 28, 2018.

Change Healthcare Inc. is a provider of revenue and payment cycle management that connects payers, providers, and patients within the U.S. healthcare system. The name also refers to a company founded in 2007 which subsequently became part of the current conglomerate. The company operates the largest financial and administrative information exchange in the United States.

<span class="mw-page-title-main">Chuck Robbins</span> American businessman

Charles H. Robbins is an American businessman, and the chairman and chief executive officer (CEO) of Cisco Systems.

Envision Healthcare is a United States healthcare company and national hospital-based physician group.

Optum, Inc. is an American healthcare company that provides technology services, pharmacy care services and various direct healthcare services.

<span class="mw-page-title-main">Karen S. Lynch</span> American businesswoman

Karen S. Lynch is an American businesswoman and the former president and chief executive officer (CEO) of CVS Health. Lynch is on the board of directors of AHIP and previously CVS Health and U.S. Bancorp. In 2015, she became the first female president of Aetna. She has held executive positions at Magellan Health Services and Cigna. In 2021, she became the highest-ranking female chief executive on the Fortune 500 list. She is a member of the President's Export Council, The Business Council, and the Business Roundtable.

James A. Rechtin is an American business executive. Since July 2024, he has been chief executive officer (CEO) of Humana, a healthcare company.

References

  1. ↑ "Insurer Humana's longtime CEO Broussard to step down next year". Reuters. October 11, 2023.
  2. 1 2 3 "Bruce Dale Broussard". Bloomberg.com. Retrieved May 8, 2018.
  3. ↑ Azevedo, Mary Ann (21 October 2005). "Broussard named president of US Oncology". www.bizjournals.com. Retrieved 2024-01-30.
  4. ↑ "President and CEO". www.businessroundtable.org. Retrieved 2023-08-11.
  5. ↑ Admin. "Active Members". The Business Council. Retrieved 2023-08-11.
  6. ↑ "Humana". CEO Roundtable. Retrieved 2023-08-11.
  7. ↑ "HP - Governance - Board of Directors - Person Details". investor.hp.com. Retrieved 2023-08-11.
  8. ↑ "Bruce D. Broussard". AHIP. Retrieved 2023-08-11.
  9. ↑ "Bruce D. Broussard". Trust for the National Mall. 2023-02-28. Retrieved 2023-08-11.
  10. 1 2 "Wilbert Broussard Obituary - Houston, TX". Dignity Memorial. Retrieved 2023-08-11.
  11. ↑ "Bruce D. Broussard". Businessweek. Bloomberg Businessweek. Archived from the original on August 11, 2013. Retrieved October 30, 2014.
  12. ↑ Whelan, David. "Why Did McKesson Buy U.S. Oncology?". Forbes. Retrieved 2019-09-19.
  13. 1 2 3 Azevedo, Mary Ann (21 October 2005). "Broussard named president of US Oncology". Houston Business Journal.
  14. ↑ Barr, Greg (6 August 2009). "US Oncology founder to retire". Houston Business Journal. Archived from the original on 2009-08-09.
  15. ↑ Livingston, Shelby (October 11, 2023). "Humana just tapped an Envision exec to be its next CEO as the insurance giant pushes deeper into clinics and home care". Business Insider . Retrieved December 18, 2023.
  16. ↑ "Businessperson of the Year". Fortune Magazine. Retrieved 5 January 2024.
  17. ↑ Minemyer, Paige (October 11, 2023). "Humana CEO Bruce Broussard to step down next year". FierceHealthcare . Retrieved January 29, 2024.
  18. ↑ Evans, Olivia (October 11, 2023). "Humana CEO Bruce Broussard to step down in 2024. Here's what we know". Louisville Courier Journal . Retrieved December 18, 2023.
  19. ↑ "Board — People". Trust for the National Mall. 28 February 2023. Retrieved 5 January 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.