Shantel
Key Takeaways:
- Cambia Health Solutions announces the appointment of Mike Rains as the new Chief Financial Officer.
- Rains brings extensive experience from his previous roles, including at Elevance Health and Cambia Health Solutions.
- His appointment comes as a part of a planned transition following the retirement of the current CFO, Vince Price.
- Rains’ strategic approach and commitment to serving members align perfectly with Cambia’s mission and culture.
About Cambia Health Solutions
Cambia Health Solutions, based in Portland, Oregon, is a pioneering force in the healthcare sector committed to transforming the healthcare experience. The company places people at the center of its operations, seeking to make healthcare more economically sustainable and efficient for families. Its broad reach encompasses millions of Americans, including over 3.4 million served by their regional health plans.
Embracing a New Chapter with Mike Rains
The appointment of Mike Rains as the new CFO is a significant milestone in Cambia’s history. With former CFO Vince Price retiring at the end of the year, Rains is poised to continue the work of driving financial stability across the enterprise.
Rains is a familiar face at Cambia, having served as Vice President of Strategic Finance from 2012-2014. His recent tenure as CFO for the Government Business Division at Elevance Health further solidified his reputation as a capable leader with a strategic approach to growing healthcare business.
Rains at the Helm: A Vision for Growth and Innovation
Cambia’s President and CEO, Jared Short, extended a warm welcome to Rains, stating, “Mike brings a rigorous and strategic approach to growing health care business, is committed to serving members and is aligned with Cambia’s mission and culture. His expertise will help ensure we continue to create value for our customers.”
Excited about his return to Cambia, Rains expressed, “I look forward to building on the strong foundation of financial stability Cambia has established. I am excited to return to a company that has a keen focus on sustainable growth, innovation and the vision to make health care easier and lives better for people.”
With a Bachelor’s degree in accounting from Ball State University and an MBA from Butler University, Rains is equipped to drive Cambia’s journey towards sustainable financial health and customer-centric transformation.
Cambia’s Commitment to Transforming Healthcare
As Rains steps into his new role, Cambia is set to continue its mission of transforming healthcare, making it more sustainable, efficient, and customer-focused. The appointment of a CFO with a shared vision and commitment to these values reaffirms Cambia’s dedication to its transformative mission.
