TAMPA, Fla., Nov. 9, 2015 (GLOBE NEWSWIRE) — Health Insurance
Innovations, Inc. (HII) (Nasdaq:HIIQ), a leading developer,
distributor, and virtual administrator of affordable health plans today
announced that Patrick McNamee has been named Chief Executive Officer
and a member of the Board of Directors of Health Insurance Innovations
Inc., effective immediately.
Mike Kosloske in his capacity as Founder, Executive Chairman of the
Board and Chief of Product Innovation Executive shall consult with the
Chief Executive Officer of the Company (CEO) on matters related to the
strategy and vision for the company, development and implementation of
its existing product portfolio and new products, carrier relations and
the growth and management of the AgileHealthInsurance business and the
HealthPocket business. “We are pleased to execute our transition plan,
“said Mr. Kosloske. ” Pat is a strong, hands-on leader. Since he joined
the company in June, Pat has demonstrated that he is a great fit for
our organization, bringing more than 25 years of executive leadership
and operations experience to HII. Meanwhile, these changes allow me to
focus on those areas of the business where I can make the most
Mr. McNamee’s career demonstrates a record of remarkable success
leveraging information technology, process improvement, M&A integration
and general management leadership to drive both significant revenue
growth and operating cost efficiency. Mr. McNamee began his career at
the General Electric Corporation, attaining increasing levels of
achievement and responsibility over a 14-year period. His first role at
GE was in product management at GE Medical in development of radiology
information systems, after which he was promoted successively to Chief
Information Officer GE Power Plants, Chief Information Officer and
General Manager of e-Business for GE Transportation, Chief Information
Officer and Chief Quality Officer for NBC, and lastly as President and
CEO of GE Surgery, a division of GE Medical Systems.
Mr. McNamee then took on the role of President and CEO of Physician
Systems at Misys Healthcare Systems. Most recently Mr. McNamee served
as EVP & Chief Operating Officer of Express Scripts Holding Company,
where he helped grow the company from $10 billion to more than $100
billion in revenues over a nine- year tenure. Mr. McNamee joined HII in
June 2015 as President.
Mr. McNamee earned a master’s degree and a bachelor’s degree in
Biomedical Engineering from Marquette University
Mr. McNamee serves on the Board of Directors of HD Supply Holdings,
Inc. as well as Corizon Health. He also serves as an Executive Advisor
for the private equity firm, Beecken Petty O’Keefe & Company.
“It is a tremendous privilege to lead a team that has proven to be so
successful in meeting the insurance needs of consumers”, said Mr.
McNamee. “With Mike (Kosloske) at the helm of product development, HII
will continue its record of health insurance innovation and partnership
with the best health insurance companies.”
About Health Insurance Innovations, Inc. (HII)
HII is a market leader in developing innovative health insurance
products that are affordable and meet the needs of health insurance
plan shoppers. HII develops insurance products through partnerships
with best-in-class insurance companies and markets them via its broad
distribution network of licensed insurance agents across the nation.
HII’s data-centric, paperless business model is facilitated by its
Consumer Division that provides real-time data used to identify
opportunities and underserved needs in the health insurance market.
HII’s Consumer Division includes AgileHealthInsurance.com, a website
for researching, comparing and purchasing Term Health insurance
products and HealthPocket.com, an independently managed free website
that compares and ranks all health insurance plans, and uses objective
data to publish unbiased health insurance market analyses and other
consumer advocacy research. Additional information about HII can be
found at HiiQuote.com.