Richard C. Zoretic retired in May, 2014 as president of WellPoint’s Government Business Division (GBD), a $34 billion business encompassing WellPoint’s Medicaid, Medicare, CareMore, and Federal Employee Program businesses. In this capacity, Richard was responsible for approximately half of WellPoint’s annual revenue and one quarter of corporate earnings.
Prior to joining WellPoint, Richard served as chief operating officer of Amerigroup Corporation from 2007 to 2012, where he had overall responsibility for company operations including local health plans, medical management programs, provider networks, health care analytics, information technology, and customer service operations. Richard joined Amerigroup in 2003 initially as chief marketing officer and assumed responsibility for health plan operations in 2005.
As COO of Amerigroup, Richard was the operational leader for the enterprise transforming the company’s operational and financial performance during his tenure. Under his leadership, Amerigroup grew from 1.3 million members to 2.7 million members from 2007 to 2012. Annual revenue grew from $2.8 billion to $8.7 billion and Amerigroup’s market capitalization rose from $1.9 billion to $4.9 billion.
Richard began his career in 1980 with MetLife’s Group Life & Health operations, where he held a series of positions of increasing responsibility over a 13-year period. From 1994 to 2000, he held senior leadership positions at UnitedHealth Group, including senior vice president of United Healthcare’s mid-Atlantic operations and President of the company’s commercial middle market business segment. He later served as a management consultant in Deloitte Consulting’s health care practice prior to joining Amerigroup.
Richard currently serves on the boards of Molina Healthcare, Aveanna Healthcare, KEPRO, and InnovAge. He is also a Board Advisor to Babel Health. He previously served as a member of the Board of Visitors for Eastern Virginia Medical School (EVMS) as well as chairman of the Board of EVMS Health Services, a fully integrated multi-specialty physician practice affiliated with the medical school.
Richard earned a degree in finance from Pennsylvania State University.