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Mike Fay earned his bachelor’s of business administration degree in accounting from Iowa State University. He is also a Health Insurance Associate (HIA) and Managed Health Care Professional (MHP), as designated by the Health Insurance Association of America and a Professional as designated by the Academy for Health Care Management.


Fay joined Wellmark Blue Cross and Blue Shield in 1984 and was promoted to vice president of Provider Economics in 1998. In that role, he led the Provider Economics team in developing, implementing, and maintaining all hospital, physician, and other provider compensation strategies. He also was responsible for claims editing and payment policy processes at Wellmark including the development and implementation of the Universal Contracting Strategy. In his current role as vice president, Health Networks, he is involved in numerous strategic initiatives (i.e., product pricing, innovation around product, networks and distribution, health care reform, and, strategic consulting with key accounts). He also provides strategic direction and leadership to the Network Economics and Network Innovation teams. Fay is currently a member of the Iowa Chapter of the Health Care Financial Management Association and is a graduate of the Greater Des Moines Leadership Institute.