USM Foundation

Francis S. Soistman, Jr.

Executive Vice President of Government Services, Aetna

Fran S. Soistman is Executive Vice President of Aetna and President of the Government Services segment. He is responsible for driving growth in the company’s Medicare, Medicaid and Federal Employees Health Benefits Program. In addition, he is responsible for growing Aetna’s presence within the Accountable Care Act expansion through Individual and Public Exchanges. These combined businesses account for approximately $29.0 billion in revenue, nearly 48% of Aetna’s total revenue.

Mr. Soistman has more than 30 years of experience in health insurance and managed care. Prior to joining Aetna, he was Executive Vice President, Chief Operating Officer and co-founder of Jessamine Healthcare, a firm focused on strategic investment opportunities in the health care industry. Before his tenure at Jessamine, Mr. Soistman held several senior leadership positions at Coventry Health Care, including Executive Vice President for the Individual Consumer and Government Business Division. In this role, he was responsible for the company’s individual Medicare Advantage, Medicare Part D, Medicaid and commercial individual products, which served more than 2.5 million members across the United States.

In June 2004, Mr. Soistman was a recipient of the Ernst & Young Entrepreneur of the Year award in the Healthcare Technology/Services category. From 2004 to 2008, he served on the Pennsylvania Health Care Cost Containment Council, providing direction for the state agency charged with addressing growing health care costs.

Mr. Soistman serves on several boards, including the University System of Maryland Foundation Board of Directors, Penn State University Presidential Leadership Academy Board of Directors, and Towson University Board of Visitors where he serves as Vice Chair of the Board.
He holds a bachelor’s degree in accounting and finance from Towson University and is a graduate of The Stanford University Executive Program.

Francis Soistman Profile Image

Francis S. Soistman, Jr.

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