Adam S. Boehler

Adam Seth Boehler (born June 23, 1979) is an American businessman and government official who served as the first CEO of the U.S. International Development Finance Corporation. He was nominated by President Donald Trump.

Adam Boehler
1st CEO of the U.S. International Development Finance Corporation
In office
October 1, 2019 – January 20, 2021
PresidentDonald Trump
Preceded byPosition established
Succeeded byDev Jagadesan (acting)[1]
Personal details
Born
Adam Seth Boehler

(1979-06-23) June 23, 1979
Albany, New York, U.S.
Spouse(s)Shira Boehler
Children4
EducationUniversity of Pennsylvania

He previously served in the Trump administration as Director of the Center for Medicare and Medicaid Innovation, as well as Senior Advisor for Value-based Transformation for Health and Human Services Secretary Alex Azar and Deputy Administrator of the Centers for Medicare and Medicaid Services. He joined CMS in April 2018.[2][3]

Early life and education

Boehler was born in Albany, New York. His father is a primary care physician and his mother was a speech pathologist and entrepreneur. Boehler received a Bachelor of Science in Economics from the University of Pennsylvania in 2000. During college, Boehler was a summer roommate of Jared Kushner, for whom he would later work on a Trump administration team coordinating tests for COVID-19.[4]

Career

During college, Boehler worked for a summer at the Financial and Fiscal Commission, a government agency managed by the Parliament of South Africa.[5]

Boehler started his career at Battery Ventures, a technology venture capital firm that focuses on investments in software and emerging technologies.[6]

Boehler was also an Operating Partner at Francisco Partners, a global private equity firm based in San Francisco with a focus on healthcare technology and services. Boehler founded and was Chairman of Avalon Health Solutions, a leading provider of laboratory benefit management services.[7] Previously, Boehler was the founder and CEO of Accumen, a provider of laboratory management services to health systems.[8][9]

Prior to joining CMS, Boehler was founder and CEO of Landmark Health, the largest provider of home-based medical care in the country.[10] Landmark's physicians and nurse practitioners take care of 100,000 of the most frail patients in over twenty locations across the country.

Trump administration

Boehler was appointed Director of the Center for Medicare and Medicaid Innovation at the United States Department of Health and Human Services (HHS) in April 2018. While at HHS, Boehler also served as Senior Advisor[11] for Value-based Transformation to Secretary Alex Azar and Administrator of the Centers for Medicare and Medicaid Services (CMS).

On July 10, 2019, Donald Trump nominated Boehler for the position of CEO of the newly formed U.S. International Development Finance Corporation, a government agency created through the Better Utilization of Investments Leading to Development (BUILD) Act.[12][13] The BUILD Act consolidates the Overseas Private Investment Corporation (OPIC) and the Development Credit Authority (DCA) of the United States Agency for International Development (USAID) into one entity, with a more than doubled investment cap of $60 billion and new financial tools to mobilize private capital.[14] He was unanimously confirmed by the United States Senate on September 26, 2019.[15]

Under his tenure at the IDFC, Boehler helped draft an executive order that repurposed the IDFC toward domestic purposes. The IDFC's first domestic loan was a controversial $765 million loan to Kodak intended to transform the photography company into a pharmaceutical company. The IDFC's watchdog is probing the loan, and the Securities and Exchange Commission is investigating allegations of insider trading prior to the announcement of the Kodak loan.[16]

Personal life

Boehler currently resides in Washington, D.C. with his wife, Shira, and their four children.[17]

References
  1. https://www.devex.com/news/biden-names-acting-heads-of-development-agencies-98957
  2. "CMMI's Adam Boehler wants to 'blow up' fee for service". FierceHealthcare. Retrieved December 23, 2019.
  3. GmbH, finanzen net. "Health Care Powerhouse Stops by CDPHPAdam Boehler Shares Vision on Future of Health Care in America | Markets Insider". markets.businessinsider.com. Retrieved April 14, 2020.
  4. Lahut, Jake (July 31, 2020). "Jared Kushner asked his college roommate to create a national coronavirus testing plan, according to a new report". Business Insider. Retrieved August 4, 2020.
  5. https://www.foreign.senate.gov/imo/media/doc/091919_Boehler_Testimony.pdf
  6. "Battery Ventures". Battery Ventures. Retrieved December 23, 2019.
  7. Development, Avalon Application. "Laboratory Benefit Manager". Avalon Healthcare Solutions. Retrieved December 23, 2019.
  8. "Accumen.com - Delivering Healthcare Performance". Accumen.com. Retrieved December 23, 2019.
  9. correspondent, ELIZABETH CRISP | Washington. "New Orleans resident Adam Boehler takes reins of federal foreign investment effort". NOLA.com. Retrieved April 14, 2020.
  10. "In Home Medical Care with Doctor House Calls". Landmark Health. Retrieved December 23, 2019.
  11. "CMMI's Adam Boehler wants to 'blow up' fee for service". FierceHealthcare. Retrieved December 23, 2019.
  12. "OPIC President and CEO Washburne Statement as President Signs BUILD Act into Law | DFC". www.dfc.gov. Retrieved December 23, 2019.
  13. "Adam Boehler | DFC". www.dfc.gov. Retrieved December 23, 2019.
  14. "President Donald J. Trump Announces Intent to Nominate Personnel to Key Administration Posts". The White House. Retrieved December 23, 2019.
  15. "PN972 - Nomination of Adam Seth Boehler for United States International Development Finance Corporation, 116th Congress (2019-2020)". www.congress.gov. September 26, 2019. Retrieved December 23, 2019.
  16. Rappeport, Alan; Swanson, Ana; Thrush, Glenn (October 25, 2020). "Kodak Loan Debacle Puts a New Agency in the Hot Seat". The New York Times. ISSN 0362-4331. Retrieved October 26, 2020.
  17. "Adam Boehler | DFC". www.dfc.gov. Retrieved April 14, 2020.

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