Michael Engelhard, MBA
Los Angeles, CA
An accomplished health plan executive, Michael Engelhard has more than 25 years of financial leadership in health care, banking, and business services.
He has a keen understanding of all aspects of publicly funded health care programs. A strategic thinker, he knows how to strengthen an organization’s business operations and outcomes.
Michael is credited with turning around Gold Coast Health Plan both financially and operationally. When he took over as the plan’s chief executive officer, it was operating under multiple corrective actions and the supervision of a state regulatory monitor. Michael assembled and guided a strong leadership team that ushered the health plan into a new era. Within two years the plan was compliant with regulatory capital requirements and met all contractual and operational requirements while improving health care quality service to its members.
Previously Michael served as interim CEO at CalOptima, the largest county organized health system in California. He began his tenure at CalOptima by serving as chief financial officer and treasurer leading the plan’s finance, treasury, accounting, procurement and actuarial services. As treasurer, Michael served as acting chairman of the board of directors’ investment committee.
As vice president and regional finance officer for the senior products division at Health Net, Inc., a publicly traded Fortune 200 company, Michael was responsible for creating the financial processes for managing implementation of the Medicare prescription drug plan. Under his direction, the division grew to more than 100,000 members with revenues expanding by tens of millions. He also had served as the company’s vice president of investor relations.
Michael received a bachelor’s degree in nuclear engineering from the University of California at Santa Barbara and a Master of Business Administration with a concentration in finance from Columbia Business School in New York City.
Michael enjoys family, golf, wine and other relaxing activities.