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Yahoo
6 days ago
- Business
- Yahoo
Parent company of Harvard Pilgrim Health Care and Tufts Health Plan, Point32Health, recognized as one of the most community-minded organizations in the country
Named by Points of Light to The Civic 50 for the fifth time CANTON, Mass., June 4, 2025 /PRNewswire/ -- The parent company of Harvard Pilgrim Health Care and Tufts Health Plan, Point32Health, was named to Points of Light's The Civic 50 for the fifth time. The Civic 50 recognizes the top socially responsible organizations in the United States and showcases how leading companies are moving social impact and community into their practices, values and core business. "Our colleagues' dedication to the people and communities we serve is evident across all aspects of our organization – from our Foundation community investments to colleague engagement in service and giving to business practices that prioritize people and their well-being," said Eileen Auen, executive chair of Point32Health. "We know that for our business to thrive, communities must also thrive. That's why community is central to our purpose to guide and empower healthier lives for everyone." In 2024, Point32Health and the Point32Health Foundation gave nearly $14 million in grants, matching gifts, sponsorships, volunteer time, in-kind and other contributions to support nonprofit organizations in local communities. Colleagues volunteered 13,215 hours, valued by Independent Sector at more than $525,000. "In an ever-evolving landscape, companies are looking to ensure that they can meet the needs of their communities, customers and stakeholders," said Jennifer Sirangelo, president and CEO, Points of Light. "Companies like Point32Health are leading the way in showing how social impact benefits their employees' well-being, strengthens the communities where they do business, and brings value and meaning to their work. Their efforts provide a model for others looking to bring the benefits of volunteering and social impact to their workforce and they're extremely deserving of this recognition." Point32Health was one of only six New England-based companies named to the list. The Civic 50 survey is administered by True Impact, and the results are analyzed by VeraWorks. The survey instrument consists of quantitative and multiple-choice questions that inform the scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate community engagement. To view the Points of Light report and see the full list of The Civic 50 2025 honorees, visit View original content: SOURCE Point32Health
Boston Globe
02-06-2025
- Business
- Boston Globe
Amid financial challenges, Point32Health hires a new chief executive
Gilligan said his appointment at Point32Health, which serves nearly 2 million members, comes at a 'pivotal time in the health care industry.' 'As we enter this important next chapter for our organization, we will position Point32Health to perform at its full potential and to drive growth,' he said in a statement. Advertisement Point32Health, which was formed in 2021 by the merger of Tufts and Harvard Pilgrim, has suffered serious financial setbacks in recent years. Point32Health struggled last year. For the first six months of 2024, the insurer reported an operating loss of $155 million on $4.7 billion in revenue, according to an Aug. 15 news release. Advertisement Like other health insurers, it has faced skyrocketing costs for prescription drugs, including medications that fight obesity. Last month, following the lead of Blue Cross Blue Shield, Point32Health said it was significantly scaling back its coverage of costly Starting Jan. 1, Point32Health will dramatically change how and when it pays for Zepbound — the insurer's Similar to Blue Cross Blue Shield, Point32Health will give large employers the option of paying extra to continue covering the weight-loss drug for its workers. But for patients who are insured by a smaller employer or who purchase their plans through the state's marketplace, Point32Health is ending coverage of the popular but pricey drug for weight loss altogether. The change comes as Eileen Auen, executive chair of Point32Health's board of directors, had served as interim head of the insurer since Hayes's departure. A selection committee of the board oversaw the recruitment of a new chief executive and retained a national executive search firm to assist in the process. Gilligan is a native of New England and graduate of the College of the Holy Cross, according to Point32Health. Advertisement Jonathan Saltzman can be reached at
