Clover Health Investments appoints Clay Thornton as CFO of MA division

Clover Health announced Clay Thornton as the newly appointed Chief Financial Officer of its Medicare Advantage (MA) division. Thornton, with an impressive track record spanning over a decade of healthcare financial management and operational leadership, joins as the Company enters the next phase of its lifecycle, targeting Adjusted EBITDA profitability for the full-year 2024, while emphasizing a differentiated PPO-first product strategy supported by its state-of-the-art technology and care management platform.

Thornton’s expertise in driving financial strategies that bolster quality outcomes, member and provider satisfaction, and sustainable business expansion makes him an ideal fit for Clover. His notable achievements include leading a $3BN revenue business as Regional Chief Financial Officer and Vice President of Operations for Humana Inc. He later spearheaded Humana’s Medicare Advantage membership growth as the company’s Head of National Growth Strategy. These experiences have sharpened his skills in managed care strategy and financial operations, preparing him to lead Clover’s MA financial strategy.

“I am thrilled to join the team at Clover Health and drive forward their PPO-first approach in the Medicare Advantage space,” said Thornton. “Clover’s innovative use of its proprietary Clover Assistant technology and advanced care management systems sets a new standard in managed care, offering an unparalleled opportunity to reshape healthcare for the better. I am committed to leveraging my background to enhance Clover’s financial and operational performance, ensuring we deliver on our promise of improved health outcomes and member satisfaction.”

Immediately prior to joining Clover, Thornton’s strategic acumen was further honed in the venture capital and private equity sectors, where he provided leadership and advisory services to startups and small-to-mid-sized businesses. This blend of experience has equipped him with a unique perspective on driving growth and operational excellence in dynamic and competitive environments.

Andrew Toy, CEO of Clover Health, commented on Thornton’s appointment, stating, “Clay’s extensive background in healthcare finance and strategic growth, combined with his innovative spirit, aligns perfectly with Clover’s mission. His leadership will be instrumental in advancing our PPO-first approach, ensuring we continue to thrive in Medicare Advantage through our technology-driven, patient-centered care model.”
MB Bureau