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SCAN Health Plan Announces Creation of $205 Million Foundation Dedicated to the Needs of Seniors
Date:4/11/2008

Bruce Chernof, MD, to take reins as CEO of new charity

LONG BEACH, Calif., April 11 /PRNewswire/ -- SCAN Health Plan announced today the launch of a new $205-million charitable foundation that will focus on innovative solutions to the healthcare needs of California's seniors. Called "The SCAN Foundation," the new organization will become, when fully operational, one of the nation's largest foundations targeted at the needs of the elderly.

SCAN also announced the appointment of Bruce Chernof, MD, as chief executive officer of the Foundation. A nationally known and respected healthcare leader, Chernof will leave his current post as director and chief medical officer of the Los Angeles County Department of Health Services to join the Foundation in late May.

The SCAN Foundation is being created through a contribution from SCAN Health Plan, a nonprofit Medicare Advantage organization based in Southern California. The California Department of Managed Health Care has authorized the creation of the Foundation.

SCAN Health Plan's mission is to support healthy and independent aging. "We believe that the establishment of a foundation is the best use of a portion of our dollars, totally consistent with our values and a natural continuation of the legacy of the 12 seniors who founded SCAN more than 30 years ago," said Dave Schmidt, CEO of SCAN Health Plan. "The establishment of the Foundation is part of the continuing commitment to community benefit by SCAN."

The SCAN Foundation has already committed to spend $5 million toward programs that address the health-information technology needs of California's seniors. Other areas of emphasis may include geriatric education, work in select geriatric disease states and finding new ways to support seniors' ability to remain independent and at home.

"Over the past six years, SCAN has been very successful in efficiently managing its operations and employing sound money-management prac
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SOURCE SCAN Health Plan
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