Michelle Wright: Payer executive. Mom, first and foremost. || EP. 158

Michelle Wright: Payer executive. Mom, first and foremost. || EP. 158


Laurie McGraw is speaking with Inspiring Woman Michelle Wright.

 

In this 2024 WBL (Women Business Leaders) Series, Michelle begins our conversation talking about what it means to play the long game. She has always been in Maryland and for nearly thirty of those years she was a senior executive at Carefirst BlueCross BlueShield. To play the long game, it must be interesting.

 

Michelle started off in finance and then moved into HR. Michelle is quick to point out that the HR field has evolved significantly over the past two decades. But at the time, she was concerned about being pigeonholed. With curiosity and purpose, she earned her MBA, learned the business of BCBS, and took on responsibility for several of their product lines. Today she uses that experience to consult with others who are entering the payer space. The lines are blurred today with provider organizations and growth companies taking on risk.

 

Michelle also opened up as to what drives her strong advocacy regarding access, opportunity for best health, and why innovation is so important. Her adult son is very affected by autism. Less than 5% of mental health professionals will see those with severe issues. Many years of multiple powerful medications. Five years of worsening symptoms, declining health, and limited remaining options that might provide benefit. So Michelle went back to school to gain her PharmD. She began exploring emerging therapies such as medical cannabis. And this began to work. After two years, her son is now off his previous six different medications. And while this is not a cure for her son’s autism, it has been an enormous step forward. For everything Michelle has accomplished professionally, she is very clear as to her why. She is a Mom. “This is why we do what we do.”

 

Closing out the conversation, Michelle provides her WBL story. She has established a strong network and was connected to her most recent Board appointment through WBL. “This sisterhood is powerful.” And if you want to get connected, be connected, all you have to do is ask.

 

Guest Bio:

Board director, strategic advisor, business and community leader, with a unique mix of value-based health care, integration and human capital management experience; including finance, strategy and planning, M&A, product management, and governance; all resulting in alignment across operations, organization and services.

– A proven record of managing boards, distributed organizations, and executive teams through transformation and integration.
– Experience in health care payor, provider and health IT, value-based care, behavioral health, wellness, disease & care management.
– Board, corporate, integration, quality and system governance.
– Executive Compensation, Leadership & Succession, Diversity & Inclusion, Business Continuity.

[00:00:00] We all do what we do for our families, right? Like it's like, well, that's what we do for our

[00:00:03] families. And I think it's a stereotype, but I think women just, you know, will be the tiger mom,

[00:00:09] whether they're three or they're three. Right? Like so, you know, when I get home, I'll have

[00:00:15] to brush his teeth and I'll have to help him in the bathroom still and all those things,

[00:00:18] but he has more peace in his mind. And so if the advocacy work I do outside of my day job

[00:00:26] can help with that, then that's great. You know, and there's it's never too late. Like I

[00:00:31] got my degree during COVID, which was amazing. Like it was a lot of work, but it was,

[00:00:35] you know, working full time while you're doing that. But yes, it was a good thing.

[00:00:39] Well, you're really speaking to obviously a very important part of your why.

[00:00:49] This is Inspiring Women and I'm talking to Michelle Wright and she is a long-time

[00:00:54] executive and she is the founder of Certis Consulting. We're going to talk about your

[00:00:58] long career in the payer space, in the HR space and trends that you're seeing.

[00:01:02] Michelle, thank you for being on Inspiring Women. Thank you so much. It's an honor to be here.

[00:01:07] It's great to talk to you. So just in terms of, you know, you're in Maryland and you've been

[00:01:13] in Maryland for I think your entire career, right? Born and raised. So you've been playing

[00:01:18] the long game, but give us sort of like the bio sketch of sort of like where did you start?

[00:01:22] How did it evolve over the years? Right. So gosh, I have, it's funny, even though I've played the

[00:01:29] long game, I have a lot of different experiences. And so I find that that's kind of the secret to

[00:01:35] the long game. Like if you're going to be with one company for a long time, which I was,

[00:01:39] I was with a payer for 20 plus years, but you have to keep finding, you can be there as

[00:01:45] long as you're finding opportunity, you're still growing. Right. And so I did and I came out of

[00:01:50] school with degrees in, I have degrees in math and computer science and business and

[00:01:57] pharmacy. So I have like multiple degrees in different topics, but it's helped me

[00:02:04] create opportunities for myself and growth. And I've never wanted to be pigeonholed.

[00:02:09] I came up first through finance and I did actuarial work coming out of school. And then

[00:02:16] I moved over into HR at some point, helping companies. And then I really just never wanted

[00:02:25] to be pigeonholed. I was chief human resources officer for a large payer, a state payer,

[00:02:30] but I never wanted to just be HR. I always wanted to, I actually, maybe it's a little bit of

[00:02:37] the syndrome of women not always feeling good enough, but I never wanted to just be the,

[00:02:42] I don't know, not disparaging, but I didn't want to just be the HR girl. Right. Like that is,

[00:02:46] that is the one place where women, right. It is more common. Right. Senior executives that are out

[00:02:52] there and there are some women on the team very often that woman might be the senior HR person.

[00:02:58] And that's the only person in the room. Right. A woman often. And I never wanted to just be

[00:03:04] the HR person. I wanted to, I learned early on from a great mentor that I had, who was a female

[00:03:11] leader, who the importance of understanding the business that goes behind it. And I think that's

[00:03:16] what makes me super effective. So in my time, my last 10 years with the blues, I was the chief

[00:03:22] human resources officer, but I also ran product lines. Oh, as the chief. So again,

[00:03:28] I had that opportunity coming up in a large business that had lots of different opportunities.

[00:03:35] And so I ran wellness and disease management products across government sectors, self-insured,

[00:03:42] fully insured. Oh my gosh. You really have done all the different angles. Direct to consumer.

[00:03:47] And so when you're doing that and you can see the people aspect as well as the business

[00:03:54] aspect, I think it just makes you like super valuable, but I've never wanted to be

[00:03:58] pigeonholed and just slotted. So I had a lot of opportunities. I had a lot of opportunities.

[00:04:03] Well, my goodness, you've done all the different things. And I think also today,

[00:04:06] I mean, the chief human resources person, that's a different level of role. Today,

[00:04:12] human capital is always the most important thing, but in a post pandemic world and building

[00:04:16] an engaged workforce, and then also being able to have all the business understanding in terms

[00:04:21] of understanding all the angles that you do is incredible. So we're talking to a bonafide

[00:04:27] payer expert sort of like knowing all the angles that you do. So I want to talk about

[00:04:32] some of the trends that are out there with payers today, because certainly over the past,

[00:04:37] I don't know, few decades, I'll just say the amount of power that is in the payers hands

[00:04:42] has really shifted. And so first, maybe I just asked you what are the trend lines that we

[00:04:48] should be paying attention to just from a payer perspective that you think about as you advise

[00:04:54] payers and help them work on their strategies? And I'll just say, most of what I do now is not

[00:05:01] advising payers. Oh really? Which is really interesting. But payers are big and they have

[00:05:06] lots of people there that are smart and know like I was when I was there and know what

[00:05:11] they're doing and they have the money to get consultants to talk with that. I'm often

[00:05:17] advising the people that want to work with payers. And you're very much, the lines are blurred

[00:05:24] because so many groups are taking on risk now. And so you have big health systems taking on

[00:05:31] risk. You have providers taking on risk. You have that managed Medicare, Medicaid space. And

[00:05:37] so you have all of these different avenues where people are taking on risk and kind of

[00:05:42] becoming like quasi payers. Right? And so I tend to advise growth companies, the companies that

[00:05:50] are growing pretty fast and a lot of them are either providers or they're people that

[00:05:56] are providing healthcare services like niche services and they want to find out how to get

[00:06:02] in with payers. And so is it how to access payers and then partner with them? Is it

[00:06:06] sort of reimbursement strategies? Or around the strategies for what's the payer perspective

[00:06:18] what you need as part of your pitch. Right? What are the points in your pitch that you want

[00:06:23] to get their attention because payers get, oh my gosh, so many pitches. I mean, weekly requests

[00:06:32] to just see this pitch, that pitch and always from great people and great ideas. But you're

[00:06:37] inundated and there are all these niche things that you as the payer or the large provider

[00:06:42] have to integrate all those services. And you have to think about like, how am I going to

[00:06:47] like, this is great. This diabetes management group or this sickle cell group or this group

[00:06:53] that does behavioral health for substance abuse. But I have to like work across all of that

[00:07:01] like, how am I going to manage all these relationships seamlessly for my client?

[00:07:06] So I want to actually, I want to move to behavioral health and some of the new innovative

[00:07:10] areas of care that are out there. But before we go there, Michelle, so four organizations

[00:07:16] that you advise, what are some of the key things that they don't know that you're

[00:07:20] helping them know to work successfully with a payer? What are you seeing generally?

[00:07:26] I mean, again, first of all, a lot of times when people are, when private equity, which

[00:07:35] is very much in a lot of these conversations, right? And they're trying to get into it.

[00:07:43] They're getting into a provider space or they're getting into something and maybe it isn't

[00:07:47] something they've 100% done before. You're just, you're working on the value proposition

[00:07:52] with them. So I've done it from the boardroom and I've also done it as a consultant. And

[00:07:57] I'm generally, like I said, I'm working on their value proposition and how to maximize

[00:08:02] those relationships. And they may be existing relationships and they may be new relationships

[00:08:07] they're trying to form because there are smaller companies coming up.

[00:08:10] Yep. I know you've spent time in some of the new spaces and we're spending a lot of

[00:08:15] time talking about behavioral health or like new opportunities for care. And sometimes things

[00:08:21] that are slightly adjacent to what might be considered traditional medicine. So maybe

[00:08:27] Michelle, could you just tell us sort of like what you're seeing out there that's interesting

[00:08:32] to you that think that may have the opportunity for a lot of change or opportunity for people

[00:08:38] who really need care in those spaces? Yeah, I think there's probably like three or so things

[00:08:45] that I think are innovative right now. First of all, access is all anybody's talking about

[00:08:50] because we came out of, it was not great before and now we come out of COVID and there's no

[00:08:55] way, and especially for children. Yeah. My gosh. And underserved populations, right? Just like

[00:09:01] maternal health and other things where it's the most affected is underserved populations,

[00:09:06] people of color, all kinds, you know, so it's really, really difficult. So what I'm seeing

[00:09:11] is companies being really creative with ideas around access because we can't just mint

[00:09:17] a bunch of psychologists and social workers and they're like, they're not there. Like

[00:09:22] all the ones that are there have been really, really hard to meet the demand. So I just see

[00:09:27] groups just going so much further than just the traditional telehealth, right? Because that

[00:09:32] was the game during COVID. But even beyond that, you know, different types of programs,

[00:09:38] peer training, parent training, like I could go on, but there's a lot of things going

[00:09:43] at that access, which I think is super, super important. You know, I think what's close to

[00:09:50] my heart because I do have an adult son who's profoundly affected by autism and, you know,

[00:09:58] he's had labels of schizophrenia and catatonia and like just so many things over the years,

[00:10:03] and he is very, very affected, not like anything anyone sees on TV. And when you look

[00:10:11] at the numbers, I was looking at a PBS special a few months ago. I think only like less than 5%

[00:10:18] of the mental health providers in the country will even take on someone with profound and

[00:10:27] really serious diagnoses where it not, you know, look, anxiety, depression, all of those

[00:10:33] things are important, but this is like people who, you know, are using the emergency room

[00:10:38] regularly for their healthcare because they are sitting and waiting for inpatient beds because

[00:10:45] there is no, they're just sitting in emergency rooms for a week at a time waiting because

[00:10:49] there's no place for them to get service. Right. So Michelle, like just, you know,

[00:10:54] beyond being an expert as a mom, you know, with a son who maybe doesn't fit whatever the

[00:11:02] right, you know, numbers are or a therapy program that, you know, is traditional sort of like,

[00:11:09] what do you think about? How do you provide all that expertise for the care delivery system

[00:11:15] and then, but help your son. This is very, very close to home.

[00:11:19] So the third area is that I have advocated for a lot. So there's medication management,

[00:11:25] right? So people often with very severe behavioral mental health needs are on a cocktail that they

[00:11:33] are regularly on five to 10 medications daily. My son, when he was at his worst about five years

[00:11:40] ago, one of the five medications he was on at the time was just a benzo like had a van or Xanax.

[00:11:47] He took it six times a day. That was one medication that he brought at the time.

[00:11:52] Antidepressants, neuroleptics, you know, just anything, anti-psychotics, mood stabilizers,

[00:11:59] seizure medications to, but he doesn't have seizures, but they give them seizure medications.

[00:12:05] So you're on all these medications. They were not working. His symptoms were getting worse and

[00:12:10] worse. And we actually, okay, so this is I work in traditional healthcare, but he actually

[00:12:19] benefited when we had after five years of him being really, really ill and them talking about

[00:12:25] inpatient, talking about electroconvulsive therapy. They were talking about just another

[00:12:34] level of medications. We actually tried medical cannabis on our son. And it's amazing, not

[00:12:42] amazing in that it's not like a cure. There's a cure, right? He's got a lot of issues, but

[00:12:49] we did notice a small difference right away. And I've actually studied that some. So that is

[00:12:56] my pharmacy degree is actually when I got in my fifties going back to school. And I went

[00:13:02] to university Maryland pharmacy school where they had developed a first in the nation master's

[00:13:07] program in medical cannabis pharmacy, because there is a lot of science there. And a lot of

[00:13:14] things that my son suffers from is where there is a lot of scientific evidence. So I studied

[00:13:19] that and I advocate in that area. So I advocate not for adult use or recreational use. That's not

[00:13:27] I'm not saying I'm against it. I'm not saying I'm for it. I'm not even going to go there.

[00:13:31] What I do advocate for is medical access because it is the only thing that has helped my son. I

[00:13:38] make pills for my son, what my husband does. He's the assistant pharmacist. And my son

[00:13:45] is a three-year-old essentially, even though he's in his thirties and he would not smoke

[00:13:50] or vape. And I don't want him to smoke or vape, but we make pills for him. We make capsules

[00:13:55] for him. He takes capsules several times a day and he's pretty much off all of his medications.

[00:14:02] It took two years to wean him off all his medications, but he's off all of those. So

[00:14:06] what I do now is I try to advocate for the safe medical use and forwarding a lot of the

[00:14:15] laws that will support medical use more in our country. Michelle, I really appreciate you

[00:14:20] telling this very, very personal story and just how important not just the work that you do

[00:14:27] on behalf of patients everywhere, but how very personal this is. And how as somebody who with

[00:14:32] all the degrees that you have and all the experience you have, how you've had to study

[00:14:37] more, learn more, find other ways to work within the health system and provide opportunity

[00:14:44] for your son. So again, thank you for sharing that story. I really-

[00:14:48] We all do what we do for our families. That's what we do for our families. And I think it's a

[00:14:54] stereotype, but I think women will be the tiger mom whether they're three or they're three.

[00:15:03] When I get home, I'll have to brush his teeth and I'll have to help him in the bathroom still

[00:15:07] and all those things, but he has more peace in his mind. And so if the advocacy work I do

[00:15:13] outside of my day job can help with that, then that's great. It's never too late. I

[00:15:20] got my degree during COVID, which was amazing. It was a lot of work, but it was

[00:15:25] working full time while you're doing that, but it was a good thing.

[00:15:28] Well, you're really speaking to obviously a very important part of your why in terms of what

[00:15:34] you do. And maybe I could just bring it around to some of the additional work that you do

[00:15:39] because you bring that to helping other women. You bring that to mentoring, you bring that to

[00:15:44] the boardroom. And so maybe as we just think about your leadership journey and close out on

[00:15:50] this inspiring women conversation, I would love to hear from you as you think about leadership

[00:15:57] and what's important to you as you show up every day as a leader, what advice might you

[00:16:04] give to other and specific business inspiring women? So other younger women who are out there

[00:16:10] who are ascending into leadership. What are the things that you might advise to them as they

[00:16:14] think about forging their own careers? I think one is common, and you probably hear it on

[00:16:21] almost every one of your podcasts because I think women do mentor women well. I've had lots

[00:16:27] of mentors, but my female mentors in particular, finding like-minded successful women and just ask.

[00:16:35] I mentor multiple women and I just think it's so important. That's what I love about WBL.

[00:16:42] That's what I love about this organization is because it's just every day. You help each

[00:16:50] other all the time. And if I can't help you, I'm going to find somebody that can help you.

[00:16:54] Do you have a WBL story? I do have a WBL story. So I was in WBL for a long time when I was an

[00:17:01] executive and I didn't really get that involved. And then when I started doing advisory after I

[00:17:07] left PayorWorld, I attended the board programs. So there's two big programs. They do a year and

[00:17:13] one is on board service. And I attended that and out of that, I've attended that multiple times.

[00:17:18] And out of that, I had been on boards before. I've been on boards for 20 years, but I've been on

[00:17:23] boards a long time, but it focused me to get on specific boards and I did. I found my board

[00:17:34] seat through WBL. So I'm on multiple nonprofit boards and finance committees and I have a

[00:17:42] governor's appointment in the state of Maryland for a board, but they helped me find

[00:17:48] a board out of the nonprofit space, which was something that I had been seeking.

[00:17:52] So absolutely. And I get calls. I would say that there's probably,

[00:17:58] and this is you got to find your tribe, right? You have to find that group of women

[00:18:01] around you. And I would say that there are 10 people today that I could name at WBL that I

[00:18:08] could just ping to and say, does anybody know anybody in this space or in this particular company

[00:18:16] or on this board? And I will get like, ping, ping, ping, ping, ping, ping, ping, ping, ping.

[00:18:22] Everybody's saying, yeah, well no, I don't, but I know somebody who can help.

[00:18:27] It's such a great organization for that. The sisterhood of it is so powerful and I love WBL

[00:18:34] for that. So I'm super proud to represent them in this.

[00:18:38] Yes, and be a part of it and help others as you do. Thank you so much, Michelle. This has been

[00:18:45] an amazing inspiring women conversation. I'm inspired having listened to you and I've been

[00:18:50] speaking to Michelle Wright and Michelle, thank you so much.

[00:18:54] Thank you, Lori. Appreciate it.

[00:18:56] This has been an episode of inspiring women with Lori McGrath. Please subscribe, rate,

[00:19:01] and review. We are produced by Kate Cruz at Executive Podcast Solutions.

[00:19:07] More episodes can be found on inspiringwomen.show. I am Lori McGrath and thank you for listening.