Joseph Molina

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Joseph Molina
Born (1958-05-16) May 16, 1958 (age 67)
California, United States
Occupations Business executive, physician
Known forFormer CEO of Molina Healthcare

Joseph Mario Molina (born May 16, 1958) is an American business executive in the healthcare industry who was the former CEO of his family's business Molina Healthcare.

Contents

Early life and education

Joseph Molina was born in California in 1958. He obtained his M.D. from the University of Southern California, where he was elected to membership in Alpha Omega Alpha and Sigma Xi. He has an honorary doctorate from Claremont Graduate University. [1]

Molina did his medical internship and residency at the Johns Hopkins Hospital. [2] After that, he was a fellow for four years at the University of California, San Diego, and the San Diego Veterans Affairs Medical Center, in endocrinology and metabolism. Thereafter he became assistant professor of medicine at USC.

Career

The whole Molina family launched the health care business that would become Molina Healthcare Inc.. The siblings Mario, Joseph, John and three sisters working at the first three clinics for their father. They were expected to help out so they worked the reception desk, painted buildings, cleaned, washed windows and did anything that needed to be done, other than seeing patients. Mario however did eventually see patients, after qualifying as a doctor.

Prior to his leadership roles at the firm, Joseph Molina held a number of other key roles at Molina Healthcare. These included Medical Director (supervising medical and risk management matters) and vice president (in charge of provider contracting, member services, marketing and QA).

Following the death of his father and founder of the company, C. David Molina, MD in 1996, Joseph Molina took on key executive roles as chief executive officer, chairman of the board and president.

In 2009 Molina Healthcare took in $3.7 billion, of which $31 million was profit. [3] Molina's personal total compensation for 2014 was: $7,854,147. [4]

Other positions

He is also a director of America's Health Insurance Plans and a member of the Financial Solvency Standards Board, the American College of Physicians, California Medical Association and the boards of the California Association of Health Insurance Plans, Aquarium of the Pacific, and the Homeboy Industries. He is also on the board of trustees at Johns Hopkins Medicine. [5]

Recognition

Molina received the Ernst & Young Greater Los Angeles Entrepreneur of the Year Award in 2002. In the same year, he was inducted into the Long Beach Community College Hall of Fame. He became an honoree of the Greater Long Beach National Conference for Community and Justice. Time Magazine featured him as one of America's most influential Hispanics in 2005. [6]

References

  1. ↑ "Los Angeles Champions of Health Awards". NMF. Archived from the original on 16 April 2015. Retrieved 16 April 2015.
  2. ↑ "Board of Advisors Joseph M Molina". SCGH. Archived from the original on 14 May 2015. Retrieved 16 April 2015.
  3. ↑ Olivarez-Giles, Nathan (23 May 2010). "How I Made It: J. Mario Molina and John Molina". LA Times. Retrieved 16 April 2015.
  4. ↑ "Executive Profile* Joseph Mario Molina M.D." Bloomberg. Retrieved 16 April 2015.
  5. ↑ "About Molina". Molina Healthcare. Retrieved 16 April 2015.
  6. ↑ Alvarez, Vanessa A. "CEO of largest Latino healthcare provider says everyone needs to fix the flawed system". NBC Latino. Retrieved 16 April 2015.
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