CareSource Names Vice President of Treasury

DAYTON, Ohio, Jan. 26, 2016 -- CareSource, a nonprofit, Ohio-based health plan, recently announced Steve Skerl as Vice President, Treasury. Skerl has senior level leadership experience working with public and privately held organizations.

The executive role of Vice President, Treasury was created as CareSource continues unprecedented growth with product line expansion into multiple states. The organization's growth is a result of an innovative business model that supports under-served populations to provide them with unparalleled consumer experiences that fulfill their health care needs.

In the past year, CareSource launched new Medicare Advantage plans in Indiana and Kentucky, entered the health care exchange market in West Virginia, and created a Life Services division designed to provide support and opportunities to promote the social needs of health care for Medicaid members.

In his role, Skerl will oversee all of CareSource's treasury functions, including tax, insurance and financial risk management, banking relationships, cash management and organizational investment strategies.

An accomplished executive, Skerl has held a variety of financial roles across several industries and led numerous growth initiatives to include acquisition and integration, investment and capital markets activities. Most recently, Skerl served as Vice President, Finance and Global Treasurer at General Cable Corporation, a Fortune 500 company.

"Steve is a high-performing leader in the finance field," said Tarlton Thomas, CareSource Chief Financial Officer. "Steve's track record in managing change through dynamic environments will be an asset to CareSource as it continues expanding through new markets and product offerings."

Skerl earned a bachelor's degree in Finance from Marquette University and an MBA in Finance from Northern Illinois University. He currently serves as president of the board of directors for United Rehabilitation Services of Greater Dayton, a nonprofit agency enhancing the quality of life for children and adults with disabilities or other special needs.

About CareSource

CareSource is a leading, member-centric, regional nonprofit health plan headquartered in Dayton, Ohio. As one of the nation's largest managed Medicaid plans, CareSource serves more than 1.4 million members in Ohio, Kentucky, and West Virginia.

After successfully launching CareSource Just4Me in Ohio in 2013, and in Kentucky and Indiana in 2014, the company is expanding its coverage area to West Virginia. CareSource is also extending its product offerings to include Medicare Advantage plans in Kentucky and Indiana.

CareSource is living its mission to make a lasting difference in its members' lives by improving their health and well-being. CareSource understands the challenges consumers face navigating the health system and works to put health care in reach for those it serves.

A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=38645

CONTACT: Fran Robinson
         Media Relations Manager
         CareSource
         937-531-2374 - Office