In newly created position, Snyder to lead consolidated risk management team
Today, CareFirst BlueCross BlueShield (CareFirst), the largest not-for-profit health plan in the mid-Atlantic region, announced Matthew (Matt) Snyder‘s role as Senior Vice President and Chief Risk Officer.
With more than 25 years of experience leading process improvement and risk initiatives in organizations through interactions with executive leadership, boards, and audit committees, Snyder leads a risk management team at CareFirst of recently consolidated departments: audit, enterprise risk, special investigations, privacy, and compliance. This new division represents CareFirst’s continued ability to properly analyze and manage risk, and Snyder will oversee this core function allowing the organization to remain competitive and healthy in the industry.
“During a time of change, both at CareFirst and throughout the healthcare industry, I am confident that Matt has the vision, experience and values to support continued efforts to fulfill our not-for-profit mission,” said CareFirst President and CEO Brian D. Pieninck. “Matt’s extensive experience in enterprise risk, global risk dynamics and unique perspective on connecting efficiencies will elevate CareFirst’s approach to navigating the evolving healthcare landscape with empathy and flexibility.”
“Through my professional career, what has become crystal clear to me is I want to make a difference,” Snyder said. “And I can accomplish that by using my experience and skills to make sure the environment at CareFirst is conducive for others to make a difference in members’ lives. How do I remove the barriers for others to get their job done? Their role is getting from Point A to Point B. My role is enabling the path that best gets them there efficiently.”
Prior to joining CareFirst, Snyder served as Senior Vice President of Internal Audit, Compliance & Risk Management at Centene, managing domestic and international risk and compliance functions. Centene is a diversified, multinational healthcare enterprise that provides a portfolio of services to government-sponsored healthcare programs focusing on underinsured and uninsured individuals.
He has also served as a partner in a large, multinational audit and advisory firm leading risk assurance services for major healthcare organizations. Additionally, he was a member of World 50 Chief Risk Officers, a private community for CROs at globally respected organizations sharing experiences to discover better ideas.
In addition to his work at CareFirst, Snyder serves as a Board Director for the St. Louis Sports Commission and The Little Bit Foundation (TLBF), which is committed to breaking down barriers to learning for students living in poverty through partnerships and programs that serve the needs of the whole child. TLBF aims to empower students to achieve their academic goals and dreams for the future.
About CareFirst BlueCross BlueShield
In its 85th year of service, CareFirst, an independent licensee of the Blue Cross and Blue Shield Association, is a not-for-profit healthcare company which, through its affiliates and subsidiaries, offers a comprehensive portfolio of health insurance products and administrative services to 3.6 million individuals and employers in Maryland, the District of Columbia and Northern Virginia. In 2021, CareFirst invested $26.2 million to improve overall health, and increase the accessibility, affordability, safety and quality of healthcare throughout its market areas. To learn more about CareFirst BlueCross BlueShield, visit our website at www.carefirst.com and our transforming healthcare page at www.carefirst.com/
