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Mike Fay earned his Bachelor of Business Administration Degree in accounting from Iowa State University. He is currently a member of the Iowa Chapter of the Healthcare Financial Management Association and is a graduate of the Greater Des Moines Leadership Institute.


Fay is vice president of Health Networks and Innovation. He is involved in numerous strategic initiatives including innovation around network, product, consumer transparency, trend management, and strategic consulting with key accounts. In addition, he continues to provide strategic direction and leadership to Network Economics, Network Innovation, Care Innovation, Consumer Transparency and Provider Contracting.

Fay joined Wellmark Blue Cross and Blue Shield in 1984 and was promoted to vice president of Provider Economics in June of 1998. In that role he led the Provider Economics team in developing, implementing, and maintaining all hospital, physician, and other provider compensation strategies and claims-payment editing processes at Wellmark, including the development and implementation of the universal contract.