Horizon Blue Cross Blue Shield of New Jersey has created a new executive position and staffed it with a fraud and risk specialist.
Chief Security Officer Douglas E. Falduto has been appointed to the newly-created position of vice president, administration and chief security officer.
In this new role, Falduto will assume leadership of the company’s risk management, real estate and administration operations. He will also maintain current responsibilities for Horizon BCBSNJ’s special investigations unit, business continuity, and information and corporate security programs.
Since first joining Horizon BCBSNJ in 1987 as an underwriting specialist, Faldudo has been promoted to investigations manager, director of investigations and security, and most recently in 2011, chief security officer.
Falduto serves on the New Jersey Insurance Commissioner’s Fraud Advisory Board and is a member of the New Jersey Department of Homeland Security’s Domestic Preparedness subcommittee, representing the health insurance industry.
He has served on the executive committee and board of directors of the National Health Care Anti-Fraud Association and as the chairman of the New Jersey Health Care Fraud Workgroup, which reported to the New Jersey Office of the Attorney General and the New Jersey Department of Banking and Insurance.