MVP Health Care, the health insurer based in Schenectady, NY, has a new chief financial officer, James Hynek.<br /><br />Before taking the job at MVP, Hynek worked in the insurance industry for more than 22 years, including his most recent stops as an administrator for health care companies in Pennsylvania and Delaware.<br /><br />MVP insures about 613,000 people, who are primarily in upstate New York. The nonprofit headquartered in Schenectady is the largest health insurer based in the Capital Region.<br /><br />Hynek is part of the leadership transition at MVP since 2013, when Denise Gonick became CEO and president of the health insurer.<br /><br />Gonick took over for David Oliker, who retired after overseeing MVP since it was created 30 years ago.<br /><br />Addressing MVP's choice for CFO in a news release, Gonick pointed to Hynek's more than two decades overseeing fiscal affairs at other health insurers.<br /><br />"He will strengthen our financial foundation and help us continue to become the kind of nimble and competitive organization that can best serve our members' needs," Gonick said.<br /><br />Much of the turnover at MVP comes while health insurers are adapting to the federal Affordable Care Act, which is seeking to expand health insurance coverage and overhaul a range of other related government regulations.<br /><br />MVP cut 100 jobs last month, following a previous round of 90 layoffs in 2013.<br /><br />Hynek will be replacing Mark Fish, who left MVP in 2013 after serving as CFO.<br /><br />MVP did not release salary details for Hynek. In 2013, Fish received $746,648 in total compensation as CFO for MVP, including a salary of $395,214, according to data filed with the state.<br /><br />Hynek started at MVP last week when the nonprofit hired him after a national search for its new CFO.<br /><br />He had been serving as chief accounting officer at AmeriHealth Caritas in Philadelphia, Pennslyvania. Previously, Hynek was CFO and treasurer at BlueCross BlueShield of Delaware, and CFO at Coventry Health Care of Delaware.<br /><br />From 1995 to 1998, he served as controller at Preferred Care Inc., in Rochester, NY.<br /><br />Hynek has a bachelor's degree in accounting from Bradley University in Illinois. He is a certified public accountant. Along with service on boards for various health care agencies, Hynek is also a member of the American Institute of Certified Public Accountants.<br /><br />MVP is looking to rebound after declines in revenue during the past two years, which Gonick attributed to industry-wide challenges tied to implementing the federal Affordable Care Act.<br /><br />Revenue for MVP declined in 2013 from $2.7 billion to $2.5 billion, a 7 percent decrease. The nonprofit also reported a loss of $13.6 million on its revenue for the year.<br /><br />In 2012, MVP's revenue declined about 7 percent, falling from $2.9 billion. Net income also decreased from $32.7 million to $25.5 million, a 20 percent decline.