Blue Cross Blue Shield of Massachusetts Andreana Santangelo named 2021 Boston Business Journal CFO of the Year
As Executive Vice President and Chief Financial Officer of the largest private health plan in Massachusetts and one of the largest independent nonprofit Blue Cross Blue Shield schemes in the country, Santangelo is responsible for all financial, investing, real estate, actuarial and underwriting activities related to the financial management of nearly 8 billion dollars annual turnover and more than 2.8 million members.
Appointed CFO in 2016, the first woman to hold the role in the company’s 84-year history, Santangelo has ensured that Blue Cross remains financially strong while operating in an extremely competitive and highly regulated healthcare market. This year, Santangelo has led the company through some of the most difficult times in its history, playing a critical leadership role during the COVID-19 pandemic.
“Andrea’s expert management of Blue Cross’s financial health over the past five years has enabled us to better support our members, clients, clinical partners, employees and the community,” said André Dreyfus, President and CEO of Blue Cross. “Her leadership was more important than ever as she helped the company overcome a myriad of challenges amid the uncertainty and volatility created by the pandemic. We are proud of her for receiving this well-deserved honor. . ”
“I am excited and grateful for this honor,” Santangelo said. “This recognition is a testament to the incredible work done by everyone at Blue Cross to meet the challenges of the past year. As we continue to learn, adapt and move forward, I remain committed to doing my part to maintain Blue Cross’s position as a leader in the healthcare industry and a pillar of the community. “
In a video recorded for the Boston Business Journal, Santangelo notes that his journey inspired his success. His family arrived at Boston East of their native Italy when she was seven. She learned English through a Boston public school immersion program and then graduated in Salvatorian from East Boston High School before earning a Bachelor of Science in Mathematics at the University of Massachusetts Amherst.
Santangelo joined Blue Cross in 2003 as Vice President and Senior Actuary before becoming the Company’s Chief Actuary, with responsibility for pricing, IT, reserves and financial forecasting. .
Santangelo is the Executive Co-Sponsor of Blue Cross’s AzuLatinx Employee Resource Group, helping to cultivate a diverse and inclusive workforce. She also sits on the Board of Directors of Junior Achievement of New England and the Board of Directors of Brocktonbased at HarborOne Bancorp, Inc.
BBJ Award for CFO of the Year this year will be held virtually at July 14th.
About Blue Cross Blue Shield of Massachusetts
Blue Cross Blue Shield Massachusetts (www.bluecrossma.org) is a community-based, not-for-profit health insurance plan headquartered in Boston. We are committed to relentlessly pursuing quality, affordable and equitable health care with an unparalleled consumer experience. In keeping with our promise to always put our members first, we are ranked among the best health plans in the country for member satisfaction and quality. Connect with us on Facebook, Twitter, Youtube, and LinkedIn.BlueLinks for employers
SOURCE Blue Cross Blue Shield of Massachusetts