257: Paul Markovich on new builds, breakups, and bold healthcare bets

In this special live episode from the 2025 Advisory Board Summit, host Rachel (Rae) Woods sits down with a leader well-versed in bold transformation: Paul Markovich. After more than a decade as President and CEO of Blue Shield of California, Paul now leads Ascendiun—a new nonprofit parent company that includes Blue Shield of California, its clinical services firm Altais, and the newly launched health services business, Stellarus. Together, they explore the mounting pressures facing health plans and the bold bets Paul has made in pursuit of a powerful mission: to eagerly create a healthcare system that is worthy of friends and family—and sustainably affordable. Upholding that mission while navigating constant disruption is no easy feat. In this episode, you’ll learn: How organizations can drive radical change without losing public trust What action steps leaders can take today, from getting their digital house to restructuring their pharmacy models What it takes to prioritize, scale, and sustain bold moves across a complex organization We’re here to help: Ascendiun Blue Shield of California is ditching its PBM. Here's our take. Radio Advisory's Leadership playlist Understand your customer: Health plans Home - 2025 Advisory Board Virtual Summit Series There are two events remaining in the 2025 Advisory Board Summit Series. Click here to learn more and secure your spot. Advisory Board Fellowship A transcript of this episode as well as more information and resources can be found on RadioAdvisory.advisory.com.