Bruce D. Broussard: Difference between revisions
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In 2000 Broussard began working for US Oncology, which was acquired by the [[McKesson Corporation]] in 2010.<ref>{{Cite web|url=https://www.forbes.com/sites/davidwhelan/2010/11/01/why-did-mckesson-buy-u-s-oncology/|title=Why Did McKesson Buy U.S. Oncology?|last=Whelan|first=David|website=Forbes|language=en|access-date=2019-09-19}}</ref> For six years, he served as the company's chief financial officer.<ref name=":0">{{Cite web|last=Azevedo|first=Mary Ann|date=21 October 2005|title=Broussard named president of US Oncology|url=https://www.bizjournals.com/houston/stories/2005/10/17/daily40.html|access-date=|website=Houston Business Journal}}</ref> He became president in 2005<ref name=":0" /> and was head of [[investor relations]]. He was also in charge of pharmaceutical services, pharmaceutical distribution, marketing, and growth initiatives.<ref name=":0" /> He became chief executive officer of US Oncology in 2008, and chairman of the board a year later.<ref>{{Cite web|last=Barr|first=Greg|date=6 August 2009|title=US Oncology founder to retire|url=https://www.bizjournals.com/houston/stories/2009/08/03/daily48.html|url-status=live|archive-url=https://web.archive.org/web/20090809145233/http://www.bizjournals.com:80/houston/stories/2009/08/03/daily48.html |archive-date=2009-08-09 |access-date=|website=Houston Business Journal}}</ref> |
In 2000 Broussard began working for US Oncology, which was acquired by the [[McKesson Corporation]] in 2010.<ref>{{Cite web|url=https://www.forbes.com/sites/davidwhelan/2010/11/01/why-did-mckesson-buy-u-s-oncology/|title=Why Did McKesson Buy U.S. Oncology?|last=Whelan|first=David|website=Forbes|language=en|access-date=2019-09-19}}</ref> For six years, he served as the company's chief financial officer.<ref name=":0">{{Cite web|last=Azevedo|first=Mary Ann|date=21 October 2005|title=Broussard named president of US Oncology|url=https://www.bizjournals.com/houston/stories/2005/10/17/daily40.html|access-date=|website=Houston Business Journal}}</ref> He became president in 2005<ref name=":0" /> and was head of [[investor relations]]. He was also in charge of pharmaceutical services, pharmaceutical distribution, marketing, and growth initiatives.<ref name=":0" /> He became chief executive officer of US Oncology in 2008, and chairman of the board a year later.<ref>{{Cite web|last=Barr|first=Greg|date=6 August 2009|title=US Oncology founder to retire|url=https://www.bizjournals.com/houston/stories/2009/08/03/daily48.html|url-status=live|archive-url=https://web.archive.org/web/20090809145233/http://www.bizjournals.com:80/houston/stories/2009/08/03/daily48.html |archive-date=2009-08-09 |access-date=|website=Houston Business Journal}}</ref> |
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In 2011, Broussard became president of Humana and in 2013, he was promoted to CEO, succeeding [[Michael_McCallister | 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 also increased from $63 to above $500.<ref name="Livings10112023">{{cite news |title=Humana just tapped an Envision exec to be its next CEO as the insurance giant pushes deeper into clinics and home care |last=Livingston |first=Shelby |work=[[Business Insider]] |url=https://www.businessinsider.com/humana-ceo-broussard-stepping-down-envision-exec-rechtin-successor-2023-10 |date=October 11, 2023 |access-date=December 18, 2023}}</ref> |
In 2011, Broussard became president of Humana and in 2013, he was promoted to CEO, succeeding [[Michael_McCallister | 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 also increased from $63 to above $500.<ref name="Livings10112023">{{cite news |title=Humana just tapped an Envision exec to be its next CEO as the insurance giant pushes deeper into clinics and home care |last=Livingston |first=Shelby |work=[[Business Insider]] |url=https://www.businessinsider.com/humana-ceo-broussard-stepping-down-envision-exec-rechtin-successor-2023-10 |date=October 11, 2023 |access-date=December 18, 2023}}</ref> |
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: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.<ref name="Fortune-Businessperson-2023">{{cite news |title=Businessperson of the Year |url=https://fortune.com/ranking/businessperson-of-the-year/2020/bruce-broussard/ |access-date=5 January 2024 |work=Fortune Magazine |language=en}}</ref> He has also been credited with expanding Humana's focus from solely health insurance to an integrated healthcare model.<ref name="FH23">{{cite news |title=Humana CEO Bruce Broussard to step down next year |last=Minemyer |first=Paige |work=[[MidOcean_Partners|FierceHealthcare]] |url=https://www.fiercehealthcare.com/payers/humana-ceo-bruce-broussard-step-down-next-year |date=October 11, 2023 |access-date=January 29, 2024}}</ref> |
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: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 serve in a strategic advisor role into 2025.<ref name="Evans10112023">{{cite news |title=Humana CEO Bruce Broussard to step down in 2024. Here's what we know |last=Evans |first=Olivia |work=[[Louisville Courier Journal]] |url=https://www.courier-journal.com/story/money/companies/2023/10/11/louisville-based-humana-will-soon-have-a-new-ceo-in-2024-what-we-know/71140732007/ |date=October 11, 2023 |access-date=December 18, 2023}}</ref> |
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:Broussard's board roles include HP, Inc., and chair of the Trust for the [[National Mall]] Board Chair.<ref>{{cite web |title=Board — People |url=https://nationalmall.org/people/category/Board |website=Trust for the National Mall |access-date=5 January 2024 |date=28 February 2023}}</ref> |
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If implemented, the current final sentence "In 2013, he became president and CEO of Humana." would need to be removed because it would be redundant. |
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As for the Compensation section, I would like to propose deleting it in its entirety as this section because it lacks any context surrounding the compensation and later increases. It seems to me that Wikipedia does not typically go into this kind of detail about a person's compensation, unless it has something to do with why they are notable in the first place, which is not the case here. |
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Revision as of 18:59, 26 March 2024
Bruce Broussard | |
|---|---|
_(cropped).jpg) Broussard in 2020 | |
| Personal details | |
| Born | Bruce Dale Broussard |
| Education | Texas A&M University, College Station (BS) University of Houston (MBA) |
Bruce Dale Broussard is an American business executive. Since, 2013, Broussard has served as chief executive officer and president of Humana, a healthcare company with headquarters in Louisville, Kentucky.[1] Prior to joining Humana, Broussard served in several executive roles, including chief executive office of McKesson Specialty/US Oncology.[2]
Broussard participates business advocacy organizations such as the Business Roundtable,[3] The Business Council,[4] and the American Heart Association CEO Roundtable.[5] He is a member of the Board of Directors of HP Inc.,[6] and a member and previous Chair of America's Health Insurance Plans.[7] Broussard serves as Chair of the Board of Directors of the Trust for the National Mall,[8] 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.[9] His father served in the US Air Force and then spent his career in technology working at several telecommunications companies,[9] requiring the family to move to several different cities, eventually landing in Houston, Texas where Broussard spent the remainder of his childhood.
Broussard was seventeen, his family adopted a Vietnamese family upon their displacement from Vietnam following the Vietnam war.[10]
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.[1][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 chief executive officer of Harbor Dental.[1]
In 2000 Broussard began working for US Oncology, which was acquired by the McKesson Corporation in 2010.[12] For six years, he served as 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 chief executive officer of US Oncology in 2008, and chairman of the board a year later.[14] In 2011, Broussard became president of Humana and in 2013, he 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 also increased from $63 to above $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 serve in a strategic advisor role into 2025.[18]
- Broussard's board roles include HP, Inc., and chair of the Trust for the National Mall Board Chair.[19]
If implemented, the current final sentence "In 2013, he became president and CEO of Humana." would need to be removed because it would be redundant.
As for the Compensation section, I would like to propose deleting it in its entirety as this section because it lacks any context surrounding the compensation and later increases. It seems to me that Wikipedia does not typically go into this kind of detail about a person's compensation, unless it has something to do with why they are notable in the first place, which is not the case here.
References
- ^ a b c "Bruce Dale Broussard". Bloomberg.com. Retrieved May 8, 2018.
- ^ Azevedo, Mary Ann (21 October 2005). "Broussard named president of US Oncology". www.bizjournals.com. Retrieved 2024-01-30.
- ^ "President and CEO". www.businessroundtable.org. Retrieved 2023-08-11.
- ^ Admin. "Active Members". The Business Council. Retrieved 2023-08-11.
- ^ "Humana". CEO Roundtable. Retrieved 2023-08-11.
- ^ "HP - Governance - Board of Directors - Person Details". investor.hp.com. Retrieved 2023-08-11.
- ^ "Bruce D. Broussard". AHIP. Retrieved 2023-08-11.
- ^ "Bruce D. Broussard". Trust for the National Mall. 2023-02-28. Retrieved 2023-08-11.
- ^ a b "Wilbert Broussard Obituary - Houston, TX". Dignity Memorial. Retrieved 2023-08-11.
- ^ Humana CEO Bruce D. Broussard's 2018 Ripple of Hope Gala Remarks, retrieved 2023-08-11
- ^ "Bruce D. Broussard". Businessweek. Bloomsberg Businessweek. Archived from the original on August 11, 2013. Retrieved October 30, 2014.
- ^ Whelan, David. "Why Did McKesson Buy U.S. Oncology?". Forbes. Retrieved 2019-09-19.
- ^ a b c Azevedo, Mary Ann (21 October 2005). "Broussard named president of US Oncology". Houston Business Journal.
- ^ Barr, Greg (6 August 2009). "US Oncology founder to retire". Houston Business Journal. Archived from the original on 2009-08-09.
- ^ 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.
- ^ "Businessperson of the Year". Fortune Magazine. Retrieved 5 January 2024.
- ^ Minemyer, Paige (October 11, 2023). "Humana CEO Bruce Broussard to step down next year". FierceHealthcare. Retrieved January 29, 2024.
- ^ 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.
- ^ "Board — People". Trust for the National Mall. 28 February 2023. Retrieved 5 January 2024.