Tenet Names Matt Cowley Chief Executive Officer of Its Health Plans in Arizona

Business Wire

DALLAS--(BUSINESS WIRE)--

Tenet Healthcare Corporation (THC) has named Matt Cowley as chief executive officer of its Arizona health plan operations, effective September 22. He will oversee the strategic operations of Phoenix Health Plan, LLC, and Phoenix Health Plans, Inc. Tenet’s Phoenix health plans serve Medicaid members in Arizona’s largest county and offer Medicare Advantage members around the state access to more than 50 hospitals and 6,700 physicians—comprising one of Arizona’s largest health networks.

“Matt’s extensive experience with Medicaid and Medicare insurance plans will serve him well as he positions the Arizona health plans as high-value insurers within the state,” said Phillip Roe, senior vice president of finance and head of health plan operations at Tenet Healthcare. “Working closely with Conifer Health Solutions, Matt will build and manage a risk-based platform of products and drive continual improvement in clinical, operational and financial performance of the health plans.”

Cowley also will serve as president and chief operating officer of Advantage Healthcare Management Company, which provides management and administrative services for Tenet’s health plans across the United States.

Since 2009, Cowley has served as the head of Medicare products for Aetna-managed Mercy Care Plan in Arizona, and he previously served as vice president of planning and strategy for Aetna Medicaid. Earlier in his career, Cowley served as a consultant for a variety of Fortune 500 healthcare and finance companies.

Cowley holds a Master of Business Administration degree from Harvard Business School and a Bachelor of Arts degree from Brigham Young University.

About Tenet

Tenet Healthcare Corporation is a national, diversified healthcare services company with more than 105,000 employees united around a common mission: to help people live happier, healthier lives. The company operates 80 hospitals, more than 190 outpatient centers, six health plans and Conifer Health Solutions, a leading provider of healthcare business process services in the areas of revenue cycle management, value based care and patient communications. For more information, please visit www.tenethealth.com.

The terms "THC", "Tenet Healthcare Corporation", "the company", "we", "us" or "our" refer to Tenet Healthcare Corporation or one or more of its subsidiaries or affiliates as applicable.

About Phoenix Health Plan, LLC

Phoenix Health Plan (PHP) is a health plan contracted with the Arizona Health Care Cost Containment System (AHCCCS), Arizona’s Medicaid system. PHP services Maricopa County.

PHP is committed to providing exceptional healthcare and customer service to our members in partnership with AHCCCS. Phoenix Health Plan members can count on more than 3,780 physicians and providers, more than 25 hospitals, urgent care centers, a 24-hour Nurse Advice Line and transportation services. For more information, visit www.phoenixhealthplan.com.

About Phoenix Health Plans, Inc.

Phoenix Health Plans offers three affordable, yet benefit-rich Medicare Advantage health plan options along with one of the largest healthcare networks in Arizona. These plans are designed to meet a broad range of needs for Medicare-eligible individuals in Arizona. Both Phoenix Advantage (HMO) and Phoenix Advantage Select (HMO) serve Medicare-eligible residents of Coconino, Gila, Maricopa, Mohave, Pima, Pinal, Santa Cruz, and Yavapai counties. Phoenix Advantage HMO offers health benefits, and Phoenix Advantage Select (HMO) offers health benefits plus dental, vision and over-the-counter allowance benefits. Phoenix Advantage Plus (HMO SNP) serves those eligible for Arizona’s Medicaid program and Medicare in Maricopa County. Phoenix Health Plans is an HMO and HMO Special Needs Plan with a Medicare contract and a contract with the Arizona Medicaid program. For more information, visit www.phoenixhealthplans.com.

This release contains “forward-looking statements” – that is, statements that relate to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “assume,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include, but are not limited to, the factors disclosed under “Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year ended December 31, 2013, and in our quarterly reports on Form 10-Q, periodic reports on Form 8-K and other filings with the Securities and Exchange Commission. The information contained in this release is as of the date hereof. The company assumes no obligation to update forward-looking statements contained in this release as a result of new information or future events or developments.

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Contact:
Tenet Healthcare Corporation
Corporate Communications
Steven Campanini, 469-893-2640
mediarelations@tenethealth.com
or
Investor Relations
Thomas Rice, 469-893-6992
investorrelations@tenethealth.com

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