Fran S. Soistman

Biography

Fran Soistman is Executive Vice President of Aetna and President of Government Services. Fran is a member of the Executive Committee, the senior governing body of the Company and reports to both the President and CEO of the company. He is responsible for driving growth and innovation in the company’s Medicare, Medicaid, Consumer Marketplace and Federal Employees Health Benefits Program businesses. The Government Services businesses account for nearly 60 percent of Aetna’s total revenue. Mr. Soistman has more than 35 years of experience in health insurance and managed care. Prior to joining Aetna, he was Executive Vice President, Chief Operating Officer and co-founder of Jessamine Healthcare, a firm focused on strategic investment opportunities in the health care industry. Before his tenure at Jessamine, Mr. Soistman held several senior leadership positions at Coventry Health Care, including Executive Vice President for the Individual Consumer and Government Business Division. In this role, he was responsible for the company’s individual Medicare Advantage, Medicare Part D, Medicaid and commercial individual products, which served more than 2.5 million members across the United States. In June 2004, Mr. Soistman was a recipient of the Ernst & Young Entrepreneur of the Year award in the Healthcare Technology/ Services category. From 2004 to 2008, he was appointed by Governor Rendell to serve on the Pennsylvania Health Care Cost Containment Council, providing direction for the state agency charged with addressing growing health care costs. In 2012 Mr. Soistman was the recipient of the Towson University Distinguished Alumni Award, and in 2015 he received a Doctor in Humane Letters. Mr. Soistman serves on multiple higher education boards, including the Towson University Board of Visitors where he serves as Chairman of the Board, the University System of Maryland Foundation Board of Directors, and the Penn State University Presidential Leadership Board.

Research Interest

Health insurance and managed care