Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | | (636) 273-6711

Departing Humana exec likely to receive $1.9M: 5 things to know

James Murray, former CEO and executive vice president of Louisville, Ky.-based Humana, is departing the company to take on the CEO position at another company, according to Louisville Business First.

Here are five things to know:

1. A U.S. Securities and Exchange Commission filing shows Humana will pay Mr. Murray $1.29 million, which equates to 19 months of his annual base salary.

2. If Mr. Murray maintains his noncompete and confidentiality agreements until Dec. 31, 2018, he could receive a $646,000 lump-sum payment. This payment is equal to nine months of his annual base salary.

3. In sum, Humana could pay Mr. Murray $1.94 million.

4. Louisville Business First reports Mr. Murray's total compensation was $3.65 million in 2016, up from $1.2 million in 2015. He had a $678,000 bonus last year.

5. Humana representatives did not comment to Louisville Business First regarding Mr. Murray's payments.

More articles on coding, billing and collections:
Iowa Medicaid bailout could cost US taxpayers $225M: 3 key notes
70% of physicians still unprepared to face MACRA alone: 5 key notes
Will Anthem really leave the ACA insurance exchanges? 5 key notes

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers