Sanford Health Plan
Gregory Pence has extensive experience in the insurance industry, particularly in actuarial and financial roles. Gregory has worked for various companies, including Sanford Health Plan, LeanAnalytics.com, LLC, Beacon Health Options, AArete, Minuteman Health, Inc., Aetna, Lovelace Health Plan, Axene Health Partners, LLC, MHN, and Health Net.
At Sanford Health Plan, they held the position of Director of Actuarial Services starting in 2022. Prior to that, from 2013 to 2022, they worked as a Consulting Actuary at LeanAnalytics.com, LLC, where they delivered financial solutions and implemented market relative benchmarking strategies.
From 2018 to 2022, Pence was the VP of Underwriting and Pricing at Beacon Health Options. Before that, they served as a Subject Matter Expert at AArete from 2014 to 2018, focusing on population health management strategies and risk adjustment optimization.
Pence also held the role of Interim CFO and Chief Actuary at Minuteman Health, Inc. from 2014 to 2017, where they provided financial leadership and analytic expertise. At Aetna, from 2014 to 2015, they were the Head Actuary for the individual product line, leading pricing and underwriting efforts.
Prior to these roles, Pence served as the Chief Actuary at Lovelace Health Plan from 2009 to 2014, and as a Consulting Actuary at Axene Health Partners, LLC in 2009. Gregory also worked at MHN as the CFO, Chief Analytic Officer, Treasurer, and Chief Actuary from 2003 to 2008, overseeing financial management, operations, and analysis. Before that, they held the position of VP Finance at Health Net from 2003 to 2008, where they coordinated financial planning, actuarial experience, and risk management initiatives.
Overall, Pence has a strong background in actuarial services, financial management, and healthcare analytics, with experience spanning several organizations in the insurance industry.
Gregory Pence attended Troy High School in Fullerton from 1972 to 1976. After graduating from high school, they went on to study Mathematics at California State University, Fullerton, from 1976 to 1981, earning a Bachelor of Arts degree.
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Sanford Health Plan
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Uniquely positioned in the upper Midwest, Sanford Health Plan is a provider-owned health plan that is part of Sanford Health’s integrated system of care. As one of the largest non-profit, rural health systems in the country, we lead the region in affordable, sustainable health coverage in an evolving health care landscape. - Our network includes expert providers across Minnesota, Iowa, North Dakota and South Dakota, with access to providers nationwide. - Second largest carrier in South Dakota and North Dakota - Leader in integrated coverage and care between insurance and providers - Innovator in care and disease management coordination and benefits - 20+ years in business - 200,000 members served - 25,000 regional providers and 700,000 providers nationwide - 349 hospitals NCQA Accreditation Commercial HMO and QHP Marketplace HMO Plans Sanford Health Plan’s Commercial HMO and Marketplace plans are accredited by the National Committee for Quality Assurance (NCQA). NCQA is an independent, not-for-profit organization dedicated to assessing and reporting on the quality of managed care plans, managed behavioral health care organizations, preferred provider organizations, new health plans, physician organizations, credentials verification organizations, disease management programs and other health-related programs. NCQA’s mission is to improve the quality of health care. Learn more about this distinguished accreditation.