The Federal Reserve Bank of New York today announced that the Board of Governors of the Federal Reserve System has appointed Pat Wang, president and chief executive officer of Healthfirst, as a Class C director for a three-year term, ending December 31, 2025. Class C directors on the New York Fed’s Board of Directors represent the interests of the public.
Ms. Wang joined Healthfirst, one of the country’s largest not-for-profit health insurers, in 2008 as its president and CEO. Prior to joining Healthfirst, she worked at the Greater New York Hospital Association for 17 years, where she served as senior vice president for finance and managed care and helped create Healthfirst with a consortium of area hospitals. Healthfirst now has 1.8 million Medicaid and Medicare Advantage members in New York City; Long Island; and Westchester, Sullivan, Orange, and Rockland counties. Earlier in her career, Ms. Wang practiced health law and clerked for the Honorable Whitman Knapp in the U.S. District Court for the Southern District of New York. She is a graduate of Princeton University and New York University School of Law, where she received her J.D. degree, cum laude.
In 2022, Ms. Wang was a member of the New York Fed’s Community Advisory Group, which is comprised of leaders of nonprofits, community organizations, foundations, and anchor institutions. The primary goal of the Community Advisory Group is to provide the New York Fed, including President John C. Williams, with a real-time view of the economic issues faced by a diverse set of communities across the Second District.