President and CEO
Executive Mosaic is honored to announce Richard Montoni, chief executive of MAXIMUS, as the newest inductee into the Washington 100, the premier group of leaders who drive innovation and growth at the intersection of the public and private sectors.
After serving as MAXIMUS’ chief financial officer and treasurer for four years, Montoni elevated to his current role in 2006 “during a transition period where the company faced significant challenges,” he told GovCon Exec.
“It was the best career move because it allowed me to draw successfully upon my prior experiences as a CFO and CPA to help drive our successes with the other talented members of our management team and with the full support of the board of directors.”
Montoni said some of his top priorities during this process were maintaining quality and controlling risk while settling outstanding legacy program issues, instituting growth and optimization-focused processes and divesting non-core businesses.
“We’ve come a long way as an organization and today we are very much in growth mode. Our growth over the past several years is a result of successfully leveraging a blend of people, process and technology to serve diverse beneficiary populations in high-profile and complex government programs.”
Montoni said that MAXIMUS follows a “multi-faceted” growth strategy and sees U.S. health reform as a long-growth driver for the company. The company has already leveraged its position as the leading operator of Medicaid and other public health insurance programs into Affordable Care Act opportunities and now operates two customer contact centers for the federal health insurance marketplace and six state-based health insurance exchanges.
In international markets, MAXIMUS recently purchased a health assessments provider in the U.K. and has launched “welfare-to-work operations” in the U.K., Canada, and Saudi Arabia after having related success in Australia.
“Fundamentally, economic and demographic factors are driving reforms around the world and MAXIMUS is well positioned to assist governments with meeting their program objectives,” Montoni said.
“We see considerable demand for our core services as governments around the world seek solutions to universal social issues, such as access to quality health care and income security through sustainable employment.”
Montoni is quick to point to MAXIMUS’ team as the “lifeblood” of the company, and noted recent decorations for CFO David Walker and the emergence of Bruce Caswell, president and general manager of the Health Services operation, as a “much sought-after speaker and subject matter expert on health insurance exchanges,” as two examples.
“Our team is compassionate, hard-working, experienced and knowledgeable, and their contributions often spark innovation, develop and refine our technology, and ultimately drive exceptional performance for the organization.”
|Maximus Unit Lands Spot on UK Govt Employment, Health Services Framework; Richard Montoni Comments||01/13/2017|
|Maximus Plans New Hampton, VA Customer Support Center; Richard Montoni Comments||11/16/2016|
|Maximus' Laura Rosenak Receives WICSEC Child Support Leadership Honorary Lifetime Award; Richard Montoni Comments||10/17/2016|
|Richard Montoni: Maximus’ Laura Rosenak Gets WICSEC Honorary Lifetime Award for Child Support Leadership||10/13/2016|
|Maximus, Teammates Win DOL Challenge With Visual Career Pathway Prototype; Richard Montoni Comments||09/20/2016|
|Maximus, Teammates Create Visual Career Pathway Prototype for DOL Challenge; Richard Montoni Comments||09/19/2016|
|Maximus Foundation Donates to Florida Disaster Fund to Help Orlando Shooting Victims; Richard Montoni Comments||08/01/2016|
|Richard Montoni: Maximus Foundation's Florida Disaster Fund Donation to Support Victims of Orlando Shooting||07/28/2016|
|RICHARD MONTONI: MAXIMUS’ ASCEND BUY TO SUPPORT PUBLIC HEALTHCARE PROGRAMS||03/07/2016|
|Richard Montoni: Maximus Buys Ascend for Public-Sector Health Services Push||03/02/2016|
|Maximus to Repurchase $200M in Shares; Richard Montoni Comments||08/17/2015|
|Richard Montoni: Maximus Donation to Help Fund SC Youth, Health Programs||08/03/2015|
|Maximus Donates to SC Church Shooting Victim Memorial Fund; Richard Montoni Comments||07/30/2015|
|Richard Montoni: Maximus Project Hope Donation Targets Nepal Medicine Relief||06/11/2015|
|Richard Montoni: Maximus Donates $29K for Nepal Earthquake Relief Efforts in Nepal||06/09/2015|
|MAXIMUS POSTS 10% GAIN FOR Q2 2015; RICHARD MONTONI COMMENTS||05/11/2015|
|Maximus Reports 9.7% Revenue Hike in 2Q; Richard Montoni Comments||05/08/2015|
|RICHARD MONTONI: ACENTIA BUY ADDS GROWTH PLATFORMS FOR MAXIMUS’ FED PORTFOLIO||04/08/2015|
|Richard Montoni: Maximus Wraps Up Acentia Purchase||04/06/2015|
|Richard Montoni: Jobactive Contract Win Validates Maximus Commitment to Human Services Work||04/01/2015|
|Richard Montoni: Maximus to Help Manage Australia Employment Services Program||03/31/2015|
|RICHARD MONTONI: MAXIMUS SEEKS TO EXTEND FEDERAL REACH WITH ACENTIA ACQUISITION||03/10/2015|
|Maximus Inks $300M Cash Deal for Acentia in Contract Vehicle Growth Push; Richard Montoni Comments||03/09/2015|
|Maximus Execs to Present at Investment Conference||02/25/2015|
|Richard Montoni Selected To Wash100 List for Leadership in Financial Performance||02/23/2015|
|Richard Montoni, Maximus CEO, Inducted Into Wash100 for Financial Performance Leadership||02/06/2015|
|Richard Montoni: Health, Human Services Contracts Drive Maximus' 15% Revenue Growth in Q1 2015||02/06/2015|
|Richard Montoni: Maximus Eyes Geographic Expansion, Diversity, Partnerships||01/22/2015|
|Richard Montoni: MAXIMUS Delivers UK Work Program to Additional Region||12/19/2014|
|RICHARD MONTONI: MAXIMUS TO EXTEND WORK PROGRAM SERVICE SUPPORT IN UK||12/19/2014|
|RICHARD MONTONI: MAXIMUS REAFFIRMS COMMITMENT TO SERVICE MEMBERS||11/26/2014|
|Richard Montoni, MAXIMUS CEO, Signs Statement of Support for Guard and Reserve Employees||11/25/2014|
|MAXIMUS REPORTS DOUBLE-DIGIT REVENUE, PROFIT UPTICKS FOR FY 2014||11/13/2014|
|MAXIMUS Reports 28% Revenue Hike for FY 2014, 24% Profit Increase; Richard Montoni Comments||11/13/2014|
|Richard Montoni: MAXIMUS to Add Healthcare Workers for UK Benefits Assessment Contract||10/30/2014|
|MAXIMUS to Manage UK Health, Work Service Program; Richard Montoni Comments||07/25/2014|
|Richard Montoni: MAXIMUS' $150M Stock Buyback Plan Wins Board Approval||06/24/2014|
|Richard Montoni: ACA, Medicaid Contracts Increase MAXIMUS' FY 2014 Guidance||05/08/2014|
|Richard Montoni: Maximus Targets $200M in Annual Revenue From Affordable Care Act Work||03/03/2014|
|Richard Montoni: Health Services Work Drives 'Better Than Expected' 1Q for MAXIMUS||02/06/2014|