Her­zlinger re­signs Well­Care post, trades jabs with in­surer

Modern Healthcare - - Late News -

Regina Her­zlinger re­signed as a di­rec­tor for Well­Care Health Plans af­ter the Tampa, Fla., man­aged-care com­pany said it would not nom­i­nate her to re­main on the board. Her­zlinger, a Har­vard Busi­ness School pro­fes­sor, in her res­ig­na­tion let­ter, charged some board mem­bers con­spired to re­move her as a di­rec­tor and said the fail­ure to nom­i­nate her for an­other year went against share­hold­ers’ in­ter­ests. She ar­gued the com­pany faced se­ri­ous chal­lenges, cit­ing weak op­er­a­tions in re­cent months; re­cent CMS sanc­tions, now lifted; and turnover and limited ten­ure among Well­Care’s ac­count­ing staff. Well­Care, in a Se­cu­ri­ties and Ex­change Com­mis­sion fil­ing, said it strongly dis­agreed with Her­zlinger and called her claims un­sup­ported. The com­pany’s re­sponse ar­gued Her­zlinger mis­char­ac­ter­ized facts and mo­tive and made er­ro­neous con­clu­sions.

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