Healthcare Industry Veteran Brings Services Expertise to Global Venture Capital Firm’s Robust Healthcare Practice
Menlo Park, CA – February 13, 2019 – New Enterprise Associates, Inc. (NEA), a leading global venture capital firm, today announced the appointment of Alan M. Muney, MD, MHA as Venture Advisor on the firm’s healthcare investment team; he will focus on companies within NEA’s healthcare services portfolio.
Dr. Muney joins NEA from Cigna, where he served as the Chief Medical Officer, responsible for clinical strategy and policy, health advocacy programs, coverage policy, and quality measurement and improvement, and as the Executive Vice President of Total Health and Network, responsible for the market medical and clinical nurse executives, total health physician operations, total health clinical operations, dental clinical operations, as well as medical, behavioral and dental contracting. Prior to Cigna, Dr. Muney was an Executive Director in the Private Equity Group at The Blackstone Group, and the CEO of Equity Healthcare, which he founded to manage the healthcare costs of Blackstone's portfolio companies. He previously served as Executive Vice President and Chief Medical Officer of Oxford Health Plans, Chief Medical Officer of United Healthcare’s Northeast region, Senior Vice President and Chief Medical officer for Avanti Health systems, and Regional Medical Director for Mullikin Medical Centers in California.
Dr. Muney is board-certified in pediatrics; he received a B.S. in Biology and a Doctor of Medicine degree from Brown University, and a Masters in Health Administration from the University of La Verne.
“Dr. Muney’s impressive experience covers a multitude of facets across the managed care landscape.” said Mohamad Makhzoumi, General Partner and Head of Healthcare Services and Healthcare IT Investing at NEA. “At NEA, we pride ourselves on our extensive network of resources, and Dr. Muney’s expertise in business development, program management, and employer health benefit design, combined with his ability to manage relationships between healthcare professional, regulators, and media will be invaluable to the NEA portfolio. We’re thrilled to formalize our relationship with Dr. Muney and to officially welcome him as an NEA Venture Advisor.”
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With more than $20 billion in cumulative committed capital since the firm’s first fund closed in 1978, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 225 portfolio company IPOs and more than 375 acquisitions. www.nea.com.
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