Gregory E. Deavens becomes Independence Blue Cross’ first African American leader as Dan Hilferty retires
Daniel J. Hilferty, a tireless and influential Philadelphia civic leader, on Tuesday announced his retirement as Chief Executive of Independence Health Group, the region’s largest health insurer.
While leading Independence during a period of growth, including the rollout of the Affordable Care Act, Hilferty, 64, played central roles in raising money for Pope Francis’ visit to Philadelphia in 2015 and the Democratic National Convention the next year.
“I made this decision knowing our organization is well-positioned to succeed now and into the future. Independence has never been stronger,” said Hilferty, who is to leave Dec. 31 but will serve as an adviser for two years.
Hilferty’s successor is Gregory E. Deavens, who joined Independence as its Chief Financial Officer in 2017 after serving in senior positions in the life insurance industry.
Deavens, 59, becomes the first African American to take over the Blue Cross insurer.
He will lead a company that has seen its revenues more than double in the last decade, from $9.3 billion in 2010 to $19 billion in 2019. Much of the increase came from the growth of its Medicaid subsidiary, AmeriHealth Caritas, providing medical care for low-income people.