Ray Flachbart

Former President & Chief Executive Officer at Blue Cross of Idaho Health Service, Inc.

Ray Flachbart

Ray Flachbart

Former President & Chief Executive Officer at Blue Cross of Idaho Health Service, Inc.

Biography

Ray Flachbart was named President and CEO of Blue Cross of Idaho on January 1, 2001. Under his leadership, revenues at Blue Cross of Idaho have increased from $440 million to over $1.2 billion, and membership has increased 80 percent to 550,000 members. From 2003 through 2006, Blue Cross of Idaho generated greater member growth on a percentage basis than any other Blue Plan in the United States.

Prior to joining Blue Cross of Idaho, Ray was the Senior Vice President and General Manager of AmeriHealth of Texas, Inc., a subsidiary of Independence Blue Cross. Ray led the start-up of AmeriHealth of Texas, which grew from the 17th largest to that state’s sixth largest health plan in two years.

Ray also worked for Prudential Healthcare for 11 years in Connecticut, New Jersey and Texas. In Houston, Texas, he led Prudential’s health plan to increases in membership, profits, and customer satisfaction for three consecutive years. Previously, Ray was a health care consultant with InterQual and Amherst Associates, working with hospitals and multi-hospital systems on strategic planning and financial engagements.

Ray is Chairman of the Board of the Blue Cross of Idaho Foundation for Health, and he serves on the Board of Directors for the Blue Cross and Blue Shield Association, the Boise State University Foundation, the Idaho Business Coalition for Education Excellence, and the Danny Thompson Memorial Leukemia Foundation.

Ray received his BA from Cleveland State University and his MA and MBA (with a concentration in finance) from the University of Chicago.

Overview
Career Highlights

Blue Cross of Idaho Health Service, Inc.

RelSci Relationships

396

Number of Boards

4

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RelSci Relationships are individuals Ray Flachbart likely has professional access to. A relationship does not necessarily indicate a personal connection.

President & Chief Executive Officer at Blue Cross of Idaho Foundation for Health, Inc.

Relationship likelihood: Strong

Vice President, Chief Operating Officer at St. Luke's Health System Ltd.

Relationship likelihood: Strong

Chief Banking Officer at Idaho Trust Bank

Relationship likelihood: Strong

Chairman & Chief Executive Officer at Norco, Inc.

Relationship likelihood: Strong

Former President at Regence BlueShield of Idaho, Inc.

Relationship likelihood: Strong

Former Chief Marketing Officer & Senior Vice President at Blue Cross of Idaho Health Service, Inc.

Relationship likelihood: Strong

Leader, Literacy & Whole System Reform at Education Northwest

Relationship likelihood: Strong

Executive Vice President, Chief Operations Officer at Albertsons Cos., Inc.

Relationship likelihood: Strong

Executive Vice President & General Manager at Intermountain Gas Co.

Relationship likelihood: Strong

Member, Board of Directors at Boise Metro Chamber of Commerce

Relationship likelihood: Strong

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Ray Flachbart
Former President & Chief Executive Officer at Blue Cross of Idaho Health Service, Inc.
Family Members
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Leader, Literacy & Whole System Reform at Education Northwest

TO IMPROVE EDUCATIONAL RESULTS FOR CHILDREN, YOUTH AND ADULTS BY PROVIDING RESEARCH AND DEVELOPMENT ASSISTANCE IN DELIVERING EQUITABLE, HIGH-QUALITY EDUCATIONAL PROGRAMS. THE ORGANIZATION PROVIDES RESEARCH AND DEVELOPMENT ASSISTANCE TO EDUCATION, GOVERMNMENT, COMMUNITY AGENCIES, BUSINESS AND LABOR.

Education

Cleveland State University in Cleveland, Ohio, provides diverse academic and professional opportunities and one of the most enticing scholarship programs a school could offer. More than 200 academic programs exist at Cleveland State and include the liberal arts, sciences, humanities and professional fields. Cleveland State is home to the Marshall College of Law and also has numerous pre-professional programs primarily designed for those who wish to go into medical fields after graduating. Students at Cleveland State may also benefit from the school’s professional opportunities and urban location by applying for a local internship related to their major. Cleveland State’s more than 200 student clubs and organizations also span the complete range of creative, cultural, religious, recreational and other types of activities. Cleveland State students usually don’t need to worry about money either. First of all, Cleveland State has one of the most affordable tuition rates in Ohio. Also, eligible entering freshmen that excelled in high school and on the SAT will automatically receive a scholarship that covers a substantial part of their tuition. Other sources of financial aid may be applied for as well, including federal grants and loans as well as Cleveland State University grants. General undergraduate admissions requirements include a minimum grade point average of 2.3. Individual departments, such as the Engineering Division, the Education and Human Services Division and the Music Department have additional requirements. Those applying for Music, for example, will need to audition while those in Engineering are required to have a higher grade point average than those in other departments.

UCE’s Office of Investments is responsible for managing the University's investment assets, which includes overseeing the endowment to ensure that it benefits both current and future generations of the University of Chicago. They oversee the broad investment strategy and provide input to the development of the strategic and tactical investment policies of the University & UCMC endowments, pension plans and self-insurance trust assets. Their strategy combines qualitative and quantitative analysis, seeking to achieve superior investment performance on a risk-adjusted basis.

Career History
President & Chief Executive Officer
2000 - 2013

Blue Cross of Idaho Health Service, Inc. engages in the provision of health insurance products and services. The firm's products include traditional indemnity, PPO, and supplemental Medicare. The company was founded in 1945 and is headquartered in Meridian, ID.

Consultant
Prior

Part of McKesson Corp., InterQual, Inc. is an American company located in Marlborough, MA. The firm provides clinical support data for the health care players. It was acquired by McKesson Corp. on 10 Jul 98 for $130 million.

Professional
Prior

Prudential HealthCare, Inc., a subsidiary of CVS Health Corp., is an American company that provides health care insurance services. The firm was acquired by Aetna, Inc., part of CVS Health Corp. since November 2018, from PGIM, Inc. on 06 Aug 99 for $500 million.

Boards & Committees
Director
Current

Boise Metro Chamber of Commerce is a nonprofit company headquartered in Boise, ID, specializing in business associations.

Director
Prior

A nonprofit Idaho organization, the Boise State University Foundation was established in 1964 for the benefit of Boise State University. The Foundation works closely with the Division of University Advancement to inspire, generate, and prudently manage private support for the university. The Boise State University Foundation is recognized as a tax-exempt organization under 501(c) (3) of the Internal Revenue Code (#82-6010706). Contributions to the Foundation are tax-deductible. The Foundation funds are managed by professional fund custodians and investors whose performance is reviewed quarterly by a committee of the Boise State University Foundation Board of Directors.

President & Chairman
Tenure Unconfirmed
Non-Profit Donations & Grants

Learn how non-profit organizations benefit from RelSci
$2,000 - $4,999
2012

LIBERAL ARTS COLLEGE COMMITTED TO EXCELLENCE IN ACADEMIC INSTRUCTION AND SCHOLARSHIP.

$500 - $999
2012

PROVIDING AFFORDABLE, COMPREHENSIVE HEALTH CARE TO EVERYONE IN OUR COMMUNITY.

$1,000 - $1,999
2011

LIBERAL ARTS COLLEGE COMMITTED TO EXCELLENCE IN ACADEMIC INSTRUCTION AND SCHOLARSHIP.

Political Donations
$500
2010

Co-Founder at The Majority Group

$300
2009

Co-Founder at The Majority Group

$500
2009

Former Senator from Arkansas

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