Meet the Change Healthcare Board of Directors

Change Healthcare is a leading provider of healthcare technology solutions, and its Board of Directors plays a critical role in guiding the company towards success. In this article, we will introduce you to the members of the Change Healthcare Board of Directors, provide an overview of their roles and responsibilities, and examine the impact of their decisions on the company's growth and development.

Who are the Change Healthcare Board of Directors?

The Change Healthcare Board of Directors is made up of individuals with diverse backgrounds and expertise across the healthcare and technology industries. The current members are listed below:

• Neil de Crescenzo
• Timothy Peters
• George Lazenby
• Robert Taylor
• Christopher Lofgren
• J. Edward Coleman
• Ann S. Hackett
• Tony G. Coelho
• Jessica L. Denison
• Barbara J. Desoer

Each of these individuals brings a unique set of skills and experiences to the Board, helping to ensure that Change Healthcare is well-equipped to tackle the challenges facing the healthcare industry.

Change Healthcare is a leading healthcare technology company that provides data and analytics solutions to improve clinical, financial, and patient engagement outcomes. The Board of Directors plays a critical role in guiding the company's strategic direction and ensuring that it stays at the forefront of innovation in the healthcare industry. With their collective expertise and experience, the Board is well-positioned to help Change Healthcare continue to drive positive change in the healthcare ecosystem.

The role of the Board of Directors in Change Healthcare

The Board of Directors at Change Healthcare has a number of important responsibilities, including:

• Overseeing the overall strategy and direction of the company
• Ensuring that the company is financially sound and in compliance with relevant regulations
• Approving major investments and acquisitions
• Providing guidance and supervision to the executive team

By performing these duties, the Board plays a crucial role in guiding Change Healthcare towards long-term growth and success.

In addition to these responsibilities, the Board of Directors at Change Healthcare also plays a key role in ensuring that the company operates in an ethical and socially responsible manner. This includes setting policies and guidelines for corporate social responsibility, such as environmental sustainability, diversity and inclusion, and community engagement. By prioritizing these values, the Board helps to build a strong reputation for Change Healthcare and maintain the trust of its stakeholders.

The history of Change Healthcare and its current leadership team

Change Healthcare has a long and storied history, with roots dating back to the 1980s. Over the years, the company has evolved to become a leading provider of healthcare technology solutions, with a focus on improving patient outcomes and streamlining healthcare workflows.

At the helm of Change Healthcare is CEO Neil de Crescenzo, who joined the company in 2015. de Crescenzo has a wealth of experience in the healthcare industry, having previously held senior executive positions at companies like Oracle and IBM.

Change Healthcare has made significant strides in recent years towards improving healthcare outcomes. The company has developed innovative solutions that leverage artificial intelligence and machine learning to help healthcare providers make more informed decisions. These solutions have been particularly effective in areas like medical imaging, where they have helped to improve diagnostic accuracy and reduce the need for invasive procedures.

In addition to its focus on technology, Change Healthcare has also been a vocal advocate for healthcare reform. The company has been a strong supporter of initiatives aimed at improving access to care and reducing healthcare costs. This includes efforts to promote value-based care models, which prioritize patient outcomes over the volume of services provided.

How the Board of Directors influences company strategy and decision-making

The Board of Directors at Change Healthcare plays a key role in shaping the company's overall strategy and making important decisions about investments, acquisitions, and other major initiatives.

By working closely with the executive team, the Board is able to ensure that the company is well-positioned to take advantage of emerging trends and seize new growth opportunities.

Additionally, the Board of Directors also plays a crucial role in overseeing the company's risk management practices. They work to identify potential risks and develop strategies to mitigate them, ensuring that the company is able to navigate challenges and maintain stability in the face of uncertainty.

The impact of strong corporate governance on business success

Strong corporate governance is critical to the success of any business, and Change Healthcare is no exception. By ensuring that the company is well-managed and in compliance with relevant regulations, the Board of Directors helps to build confidence among investors, customers, and other stakeholders.

This, in turn, can help to drive growth and increase shareholder value over the long term.

One of the key benefits of strong corporate governance is that it can help to mitigate risk. By implementing effective risk management strategies and ensuring that the company is operating in a transparent and ethical manner, the Board of Directors can help to minimize the likelihood of legal or reputational issues arising.

Furthermore, strong corporate governance can also help to attract and retain top talent. Employees are more likely to want to work for a company that is well-managed and has a strong reputation, which can ultimately lead to increased productivity and innovation.

The backgrounds and expertise of each member on the Change Healthcare Board

As noted earlier, each member of the Change Healthcare Board of Directors brings a unique set of skills and experiences to the table. To give just a few examples:

• J. Edward Coleman has served in leadership positions at a number of leading technology companies, including Gateway and Micron Technology.
• Ann S. Hackett has a background in finance and accounting, having previously held senior roles at companies like Ernst & Young and Ryder System.
• Tony G. Coelho is a former member of Congress who has been a vocal advocate for disability rights throughout his career.

By leveraging this diverse knowledge and expertise, the Board is able to make more informed decisions and guide Change Healthcare towards continued growth and success.

In addition to the aforementioned members, the Change Healthcare Board also includes several other highly accomplished individuals. For example, Pamela J. Pure has extensive experience in the healthcare industry, having previously served as the CEO of McKesson Technology Solutions. Similarly, Neil de Crescenzo has a background in healthcare technology, having held leadership positions at companies like IBM Watson Health and Oracle.

Furthermore, the Board includes members with expertise in areas such as corporate governance and strategic planning. For instance, Linda S. Sanford has served on the boards of several major corporations, including IBM and Deere & Company, and has been recognized as one of the most powerful women in business by Forbes magazine. Similarly, William F. Borne has a background in private equity and has helped guide numerous companies through periods of growth and transformation.

How the Change Healthcare Board is structured and organized

The Change Healthcare Board of Directors is structured in a way that ensures effective oversight and decision-making. Specifically, the Board is made up of both inside and outside directors, with an independent lead director serving as a liaison between the Board and the executive team.

This structure helps to ensure that there is proper oversight and accountability within the organization, while also giving the executive team the flexibility they need to execute on the company's strategic goals and initiatives.

In addition to the Board of Directors, Change Healthcare also has several committees that are responsible for overseeing specific areas of the company's operations. These committees include the Audit Committee, the Compensation Committee, and the Nominating and Governance Committee. Each committee is made up of a group of directors who have expertise in the relevant area, and they work closely with the executive team to ensure that the company is operating effectively and in compliance with all relevant laws and regulations.

Finally, the Board of Directors and executive team at Change Healthcare are committed to maintaining a strong culture of ethics and integrity throughout the organization. This includes regular training and education for employees on topics such as anti-corruption, data privacy, and cybersecurity, as well as a robust system for reporting and investigating any potential violations of company policies or ethical standards. By prioritizing ethics and integrity, Change Healthcare is able to build trust with its customers, employees, and stakeholders, and maintain its position as a leader in the healthcare technology industry.

The responsibilities and duties of the Board members at Change Healthcare

Individual Board members at Change Healthcare have a range of specific responsibilities and duties, including:

• Participating in regular Board meetings and providing input on strategic decisions
• Providing guidance and supervision to the executive team
• Maintaining the integrity of the company's financial reporting and compliance with relevant regulations
• Ensuring that the company is acting in the best interests of shareholders and other stakeholders

By fulfilling these responsibilities, Board members help to ensure that Change Healthcare is well-governed and positioned for long-term success.

In addition to these specific responsibilities, Board members at Change Healthcare also have a duty to stay informed about industry trends and developments, as well as to maintain a strong understanding of the company's operations and performance. This requires ongoing education and engagement with the company's leadership team and other stakeholders, as well as a commitment to continuous improvement and growth.

Changes and updates to the Change Healthcare Board over time

The makeup of the Change Healthcare Board of Directors has evolved over time, as new members have been added and others have stepped down. As the company continues to grow and evolve, we can expect to see ongoing changes to the Board as well.

By maintaining a diverse and engaged Board, Change Healthcare is able to stay ahead of the curve and adapt to changing market conditions.

Comparing the Change Healthcare Board to other healthcare industry leaders

When compared to other healthcare industry leaders, the Change Healthcare Board of Directors stands out for its depth of experience and diverse backgrounds. This, in turn, helps to position the company for continued success in the years to come.

However, as the healthcare industry continues to evolve, it will be important for the Board to stay abreast of emerging trends and adapt its strategy accordingly.

The importance of diversity and inclusion on a company's Board of Directors

Diversity and inclusion are critical components of any effective Board of Directors, and the Change Healthcare Board is no exception. By leveraging the diverse perspectives and backgrounds of its members, the Board is able to make more informed decisions and better reflect the needs of the company's customers and stakeholders.

Moreover, research has shown that diverse Boards are more likely to outperform their peers, underscoring the importance of continuing to prioritize diversity and inclusion in the years to come.

How shareholder relations are managed by the Change Healthcare Board

As with any publicly traded company, managing shareholder relations is a critical component of the work done by the Change Healthcare Board of Directors. This can involve everything from communicating with investors to managing proxy voting and other related tasks.

By staying engaged and responsive to the needs of its shareholders, Change Healthcare is able to build trust and confidence among investors, supporting the continued growth of the company over the long term.

Examining key decisions made by the Change Healthcare Board in recent years

Over the years, the Change Healthcare Board of Directors has made a number of key decisions that have helped to shape the company's trajectory. Some recent examples include:

• Approving the acquisition of National Decision Support Company, a provider of clinical decision support solutions
• Appointing Neil de Crescenzo as CEO in 2015
• Making a public offering of the company in 2019

By making strategic decisions like these, the Board has helped to position Change Healthcare for continued growth and success in the years to come.

Future plans for growth and development, as guided by the Board of Directors

Looking ahead, the Change Healthcare Board of Directors will continue to play an important role in guiding the company towards new opportunities for growth and development. This may involve investments in new technologies, partnerships with other players in the healthcare industry, or other strategic initiatives to drive long-term value for shareholders and customers.

By leveraging their collective expertise and experience, the Board is well-positioned to help steer Change Healthcare towards a bright future in the years to come.