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Former Standard CEO Dies at 70

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Eric Edmond Parsons, 70, a former chairman and chief executive officer of Standard Insurance Company of Portland, Ore., died Wednesday, according to Standard.

Parsons began working for the Standard in 1968. He later became the chief financial officer. He succeeded Ron Timpe as the chief executive officer of the holding company StanCorp Financial Group Inc., in 2002.

(Related: Parsons To Become StanCorp CEO)

Parsons, in turn, was succeeded by the company’s current chairman, president and CEO, J. Greg Ness, in 2009, as the 2007-2009 Great Recession was cresting.

Parsons was a graduate of Lewis & Clark College and Northwestern University’s School of Mortgage Banking. He held the Fellow in the Life Management Institute professional designation.

He played a major role in health system change efforts in Oregon as chairman’s of the Oregon State Health Policy Board. The board spearheaded the creation of the state’s coordinated care organization program and has been working on efforts to improve that system.

A coordinated care organization plan is a type of managed care organization plan, similar to an accountable care organization plan, that tries to take an aggressive approach to serving as a medical home for a patient, encouraging the patient to participate in wellness and condition management programs, and coordinating care when a patient needs medical services.

Parsons also served on the Oregon Health & Science University Foundation board and on the board of the Oregon Business Council.

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