LaunchPoint named to Crain’s Chicago’s Fast 50 list of fastest growing companies in Chicago area

Parent company of Discovery Health Partners and Ajilitee realizes 385% growth over five years

 

ITASCA, IL (June 22, 2017) – LaunchPoint, provider of solutions, consulting, and analytics for healthcare organizations, today announced they have for the second year been named to the Crain’s Chicago Fast 50 list of fastest growing companies in the Chicagoland area. LaunchPoint and its two divisions, Discovery Health Partners and Ajilitee, maximize financial performance and improve member experience for more than 60 health plans nationally through a range of payment and revenue integrity solutions.

“We’re pleased to be counted among the region’s success stories,” said Paul Vosters, president. “Healthcare continues to be a dynamic market space, and we continue to experience strong demand for our solutions.” Solutions include Coordination of Benefits, Eligibility, MSP Validation, Subrogation, and Payment Integrity Consulting, all powered by a data-driven technology platform, advanced analytics, and deep healthcare expertise.

LaunchPoint earned a ranking of #29 on the 2017 Fast 50 list, having grown 385% over the last five years. The company is one of three healthcare firms on Crain’s annual survey of economic growth engines in the Chicago area.

About LaunchPoint

LaunchPoint is the parent company of Discovery Health Partners and Ajilitee, which together deliver solutions, consulting, and analytics that solve the business challenges healthcare clients face as they try to maximize financial performance and improve the member experience. We offer a unique combination of deep healthcare expertise and analytics-powered technology solutions to help our clients improve operational efficiency, achieve financial integrity, and generate measurable results. More information is available at www.launchpointcorporation.com.

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LaunchPointLaunchPoint named to Crain’s Chicago’s Fast 50 list of fastest growing companies in Chicago area
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LaunchPoint appoints Chief Information Officer

Blend of pioneering technology vision and healthcare expertise make Moe Alkhafaji a perfect fit

 

ITASCA, IL (February 21, 2017) –Discovery Health Partners, the payment integrity division of LaunchPoint, today announced it has appointed Moe Alkhafaji as Chief Information Officer (CIO).

Alkhafaji joins Discovery from HealthEngine, where in the role of CTO he applied his big data and machine learning expertise to rearchitect and transform its healthcare pricing and quality information portal technology.  Prior to that, Alkhafaji was co-founder of Cancer IQ, a cancer risk analysis API that is fully integrated with hospital information systems and which was widely hailed for its ground-breaking technology.  Alkhafaji was also a co-founder and CTO at medCPU, where he architected and developed a combination of solutions that consisted of natural language processing algorithms, machine learning models, and a decision support engine to deliver a state-of-the-art automated medical advisor for large hospital systems.  The company was later acquired by UPMC and Merck.  Alkhafaji has also held roles at Chicago Mercantile Exchange, Argonne National Labs, and Abercrombie and Kent, among other firms.

“Moe’s background as an entrepreneur and pioneer in high-performance computing, informatics, and technology architecture for enterprise healthcare systems makes him a much-valued addition to our team,” said Amy Mosser, COO.  “He understands how to get value out of the data and how to build on what is there to keep our Healthcare Analytics Platform three steps ahead of competitors.”

In his new role, Alkhafaji will oversee technology architecture, platform and solution enhancements, new solution development, and IT operations for Discovery, including its Coordination of Benefits, Medicare Secondary Payer Validation, and Subrogation solutions.  Discovery serves 50+ plans and has been recognized for its fast growth and innovative technology solutions.

Alkhafaji holds a Master of Science degree in Computer Science from the University of Chicago.  He resides with his family in Chicago, Illinois.

 

About Discovery Health Partners

Discovery Health Partners, a division of LaunchPoint, offers payment and revenue integrity and risk management solutions that help health payers improve revenue, avoid costs, and influence member well-being.  We offer a unique combination of deep healthcare expertise and analytics-powered technology solutions to help our clients improve operational efficiency, achieve financial integrity, and generate measurable results.

 

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LaunchPointLaunchPoint appoints Chief Information Officer
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LaunchPoint announces leadership transition

ITASCA, IL (September 29, 2016) – On the heels of nationally recognized, award-winning revenue gains, LaunchPoint today announced the appointment of CEO Bruce Simpson.  Simpson will be responsible for the day-to-day leadership and growth of the company.  As co-founder Terrence Ryan hands over the CEO reigns, he will continue to be instrumental in driving the strategic direction of LaunchPoint as he continues in his role as LaunchPoint’s Chairman of the Board.

“Bruce’s appointment builds on the recent executive appointments we have made, including the additions of a new board member, a COO and VP of Analytics, to help advance the leadership, depth, and breadth of an already scaling business,” states outgoing CEO Ryan.  LaunchPoint board member Roderick Walker concurs, “Working hand-in-hand with the board, Terrence has continued in the same spirit to support bringing in new talent at the CEO level,” states Walker. “Rest assured, the Board will continue to leverage Terrence’s experience through the next phase of LaunchPoint’s growth.”

Simpson joins LaunchPoint with a long and distinguished history in senior executive and operating roles.  Previously, Simpson has worked with recognized companies in the technology/software-as-a-service and telecommunications industries, including Novarra, Digi-Data, Lucent, Ameritech, and Octel.

About LaunchPoint

LaunchPoint operates businesses that provide information-driven solutions, software, and services for healthcare organizations. Its two divisions are Discovery Health Partners, a provider of payment integrity and risk management software and solutions for healthcare payers, and Ajilitee, a healthcare information and analytics consulting business. LaunchPoint has been named three years in a row to the Inc. 5000 list, recognized as one of the country’s fastest growing companies. In 2014, LaunchPoint was named the 100th fastest-growing company on the 2014 Inc. 500 list and #14 in Healthcare.  Most recently, the company was ranked the #4 fastest growing company in Chicago by Crain’s Chicago Business and achieved Gold-Level Fit-Friendly Worksite status from the American Heart Association. More information is available at www.launchpointcorporation.com, www.ajilitee.com and www.discoveryhealthpartners.com.

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LaunchPointLaunchPoint announces leadership transition
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LaunchPoint selected a finalist for Chicago Innovation Awards

ITASCA, IL (September 19, 2016) – LaunchPoint division Discovery Health Partners, a provider of payment integrity and population risk management solutions for healthcare payers, is named a top 100 finalist in the Chicago Innovation Awards. Chosen out of a record-breaking 643 entries, Discovery Health Partners’ Medicare Secondary Payer (MSP) Validation Solution is honored for its work helping Medicare Advantage plans recoup millions of dollars to their bottom lines by ensuring member healthcare premiums paid by Centers for Medicare and Medicaid Services (CMS) are accurate. In addition to restoring $148 million across 27 health plans in the last three years, Discovery Health Partners’ innovation has helped clients optimize future revenue by correcting inaccurate eligibility information so that plans receive correct premiums and pay claims correctly in the future.

As part of the honor, Discovery Health Partners is invited to participate in The Practical Innovator, an executive education program at Northwestern’s Kellogg School of Management. The top 25 finalists will be awarded at the 15th annual Chicago Innovation Awards on October 25th.

“Our solutions bring revenue protection to our clients. By studying the problem, identifying roadblocks in the process, and redesigning the process to address those challenges, we have achieved near perfect success at restoring underpaid premiums on behalf of our clients,” said Paul Vosters, president, Discovery Health Partners. “We saved one major healthcare plan $32 million within a three-to-six month period by restoring underpaid premiums.”

With a core team of experts in healthcare payer payment integrity, Discovery Health Partners developed a set of software solutions that reside on its proprietary Healthcare Analytics Platform. The MSP Validation solution is often delivered as an outsourced business process with Discovery experts managing the entire process on behalf of the client.   According to Vosters, this has led to a 99 percent success rate restoring premiums for clients. Clients can also subscribe to the service as cloud-based software to manage the MSP process in-house, with their own staff.

About Discovery Health Partners

Discovery Health Partners is a division of LaunchPoint, a provider of payment integrity and risk management software, solutions, and services for healthcare organizations. We offer a unique combination of deep healthcare expertise and powerful technology solutions to help our clients drive improved payment integrity and risk management with measurable results. LaunchPoint has been named one of the fastest growing private companies in the U.S. for the third year in a row, according to Inc. Magazine’s annual Inc. 5000 list, including a ranking of #100 in 2014. Most recently, the company was ranked the #4 fastest growing company in Chicago by Crain’s Chicago Business. More information is available at www.launchpointcorporation.com and www.discoveryhealthpartners.com.

 

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LaunchPointLaunchPoint selected a finalist for Chicago Innovation Awards
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LaunchPoint on Inc. 5000’s fastest-growing companies list for third year

Divisions Discovery Health Partners and Ajilitee contribute to growth

ITASCA, IL (August 17, 2016) – LaunchPoint, a provider of payment integrity and risk management solutions, software, and services for healthcare organizations, has been named one of the fastest-growing private companies in the U.S. for the third year in a row, according to Inc. Magazine’s annual Inc. 5000 list. LaunchPoint’s 94 percent three-year growth earned the company a ranking of 3,454 among the fastest growing private firms, following up its ranking of #1,505 on the prestigious list last year and #100 on the prior list in 2014. To achieve consistent growth, LaunchPoint has constantly evolved its product offerings, retained talent, and increased its client base, which now comprises 50 health plans, including three of the five largest plans in the U.S. In addition, LaunchPoint has increased its employee base by 59 percent since the start of the year. More information is available at http://www.inc.com/profile/launchpoint

“This is an exciting time in our industry and LaunchPoint is pleased the efforts of our employees are recognized by Inc. 5000 with this distinguished award,” said Terrence Ryan, CEO of LaunchPoint. “We will continue to help our health plan clients measure and improve their payment integrity and population risk management programs to help them achieve long term financial health.”

To date in 2016, LaunchPoint has added eight new client relationships, and expanded 12 existing client agreements. In addition, the firm was recently ranked the 4th fastest growing Chicago-area company on the 2016 Crain’s Fast Fifty listing.

The company more than doubled its footprint in the Itasca, Illinois headquarters to accommodate growing staff additions. LaunchPoint was also honored for the third year in a row with the Gold Fit-Friendly Worksite designation from the American Heart Association.

 

About LaunchPoint

LaunchPoint operates businesses that provide information-driven solutions, software, and services for healthcare organizations. Its two divisions are Discovery Health Partners, a provider of payment integrity and risk management software and solutions for healthcare payers, and Ajilitee, a healthcare information and analytics consulting business. LaunchPoint has been named three years in a row to the Inc. 5000 list, recognized as one of the country’s fastest growing companies. More information is available at www.launchpointcorporation.com, www.ajilitee.com and www.discoveryhealthpartners.com.

 

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LaunchPointLaunchPoint on Inc. 5000’s fastest-growing companies list for third year
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LaunchPoint announces new analytics executive

Steve Forcash Brings Expertise in Payment Integrity and Analytics as new Vice President of Analytics

ITASCA, IL (July 25, 2016) – LaunchPoint, a provider of payment integrity and risk management solutions, software, and services for healthcare organizations, today announced it has appointed Steve Forcash as Vice President, Analytics. A healthcare executive with strong experience in data and analytics, Forcash will be responsible for the advancement of LaunchPoint’s analytics vision and strategy operations, while partnering with LaunchPoint’s product strategy, finance, business operations, and information technology teams to assess opportunities, develop learning, and drive analytics adoption rates for LaunchPoint divisions Discovery Health Partners and Ajilitee.

LaunchPoint marked 4,700 percent growth over a five-year period and was named the 100th fastest-growing company on the 2014 Inc. 500 list and #14 in Healthcare.  In addition, the firm was recently ranked the 4th fastest growing Chicago-area company on the 2016 Crain’s Fast Fifty listing.

“The changing demands of the healthcare industry call for analytic-minded payment integrity executives like Steve,” said Terrence Ryan, LaunchPoint CEO.  “He will help improve payment integrity and risk management case identification and compel data-driven decision making, to benefit LaunchPoint and our clients.”

Since 2012, Forcash has served in senior management positions overseeing analytics and payment integrity operations at Change Healthcare (formerly Emdeon).  During this time, he oversaw gains in revenue per case improvements as well as managed the implementation of medical-record search capability to improve productivity. He also drove double-digit performance improvements to the post-payment audit and recovery organization through the development of analytic-driven claim valuation techniques. Previously, he held analytics leadership roles at MultiPlan, Inc. (formerly Viant), most recently as Vice President of Reporting and Analytics.

“I am passionate about the role of analytics in improving the cost-effectiveness of healthcare in our country. LaunchPoint is a fast-growing company, with advanced tools that allow clients real transparency into the process,” said Forcash. “I am excited about the opportunity to expand on our current capabilities, by adding more advanced analytic resources aimed at driving incremental growth for LaunchPoint clients. “

Forcash received his Bachelor of Arts degree, Cum Laude in Mathematics and Spanish from Augustana College in Rock Island, Illinois. Steve resides in Clarendon Hills, Illinois with his wife and two daughters.

About LaunchPoint

LaunchPoint operates businesses that provide information-driven solutions, software, and services for healthcare organizations. Its two divisions are Discovery Health Partners, a provider of payment integrity and risk management software and solutions for healthcare payers, and Ajilitee, a healthcare information and analytics consulting business. LaunchPoint has been named two years in a row to the Inc. 5000 list, recognized as one of the country’s fastest growing companies. More information is available at www.launchpointcorporation.com, www.ajilitee.com and www.discoveryhealthpartners.com.

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LaunchPointLaunchPoint announces new analytics executive
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LaunchPoint achieves third AHA Fit-Friendly Worksite Award

Company recognized for outstanding attention to employee health and well-being

ITASCA, IL (June 21, 2016) – LaunchPoint, a provider of payment integrity and risk management software, solutions, and services for healthcare organizations, has been recognized by the American Heart Association for the third consecutive year as a Gold-Level Fit-Friendly Worksite. The award honors LaunchPoint for encouraging its employees to make healthy choices and stay active through its Swellness program, which promotes, “It’s swell to be well.” LaunchPoint has continued to grow and expand the program, thanks in part to a dedicated “Swellness Culture Committee” instituted in 2015 and comprised of employees who develop and cultivate fresh Swellness initiatives.

“As a business serving the healthcare community, it is extremely important that we make good health a priority for our employees,” said Terrence Ryan, LaunchPoint CEO. “To be honored by the American Heart Association for our team’s dedication to creating a healthy environment for our employees is truly a privilege.”

LaunchPoint’s Swellness program offers a variety of programs and activities that support employees in achieving better health and wellness through offerings such as:

  • Company sponsorship for a variety of 5Ks and races
  • Access to a large network of fitness facilities for a low monthly fee through our insurance carrier and free access to the building’s on-site gym
  • Healthy snacks and drinks on premises
  • A relaxed dress environment that includes “athleisure” clothes that allow employees to wear work-appropriate exercise clothes to workout in before, during, or after work at the on-site gym or fitness facility of their choice
  • “Wednesday Walking Club” where employees are invited to walk one of two mapped courses on the grounds surrounding the LaunchPoint office
  • Wellness-based Corporate Service Awards such as gym bags, massages, bikes, fitness club or class, or a Fitbit exercise monitoring system
  • Biometric assessments to provide a benchmark for employees to measure fitness progress
  • Walking meetings wherein teams are encouraged to hold meetings away from the conference room and on the walking courses
  • “Hey Nineteen,” a fitness challenge that encouraged some friendly competition to see who could climb the 19 flights of stairs to the LaunchPoint office in the shortest amount of time
  • Fitness Fridays, in which the company schedules light fitness activities or health education sessions that take place during the workday that have included activities such as yoga, Zumba, Ultimate Frisbee, badminton tournaments, bird identification walk, meditation strategies, and a nutritionist

About LaunchPoint

LaunchPoint operates businesses that provide information-driven solutions, software, and services for healthcare organizations. Its two divisions are Discovery Health Partners, a provider of payment integrity and risk management software and solutions for healthcare payers, and Ajilitee, a healthcare information and analytics consulting business. LaunchPoint has been named two years in a row to the Inc. 5000 list, recognized as one of the country’s fastest growing companies. In 2014, LaunchPoint was named the 100th fastest-growing company on the 2014 Inc. 500 list and #14 in Healthcare.  Most recently, the company was ranked the #4 fastest growing company in Chicago by Crain’s Chicago Business. More information is available at www.launchpointcorporation.com, www.ajilitee.com and www.discoveryhealthpartners.com.

 

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LaunchPointLaunchPoint achieves third AHA Fit-Friendly Worksite Award
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LaunchPoint announces Chief Operations Officer

Amy Mosser brings expertise in healthcare analytics and operational management

 

ITASCA, IL (June 13, 2016) – LaunchPoint, a provider of payment integrity and risk management solutions, software, and services for healthcare organizations, today announced it has appointed Amy Mosser as Chief Operations Officer (COO). A healthcare industry veteran with exceptional operations experience, Mosser will oversee operations, client advocacy, legal services, IT and product development at LaunchPoint and its divisions, Discovery Health Partners and Ajilitee. Current LaunchPoint President and COO Paul Vosters will remain in his position as President, continuing to lead product strategy, including new product market launches and strategic business development.

LaunchPoint marked 4,700 percent growth over a five-year period and was named the 100th fastest-growing company on the 2014 Inc. 500 list and #14 in Healthcare.  In addition, the firm was recently ranked the 4th fastest growing Chicago-area company on the 2016 Crain’s Fast Fifty listing.

“Having worked with Amy previously as a client at Knightsbridge Solutions, we know she is adept at fostering highly productive business relationships across an organization,” said Terrence Ryan, LaunchPoint CEO.  “Her expertise in forming and executing strategies to drive growth in healthcare organizations coupled with her great ability to connect with people will benefit LaunchPoint and its employees.”

Since 2009, Mosser has served as COO with the for-profit subsidiary of the American Hospital Association, Health Forum.  During this time, she led strategic development of healthcare marketing and information solutions expanding product offerings to an audience of technology, professional services, insurance, and other health industry suppliers. Concurrently, she served as Vice President, Licensing Development.  With P&L accountability for operations, business development, marketing, and sales, Amy and her team delivered exceptional revenue, profitability, and enterprise-wide business process improvements.

In addition, Mosser has held operating and executive leadership roles including CEO of FR&R (now part of Marcum LLP), a top-20 professional services firm providing accounting, consulting and tax services; COO of the American Board of Medical Specialties (ABMS), the information source for physician credentials and standards; and SVP and GM of Solucient (now part of Truven Health Analytics), a healthcare analytics firm.

“I have a deep interest and expertise in healthcare analytics and helping companies manage high growth through industry changes,” said Mosser. “Having worked with both Terry and Paul previously, I respect their integrity-driven decision making, and I’m looking forward to helping continue the momentum at LaunchPoint as it moves through the maturation process of its development both operationally and from a revenue standpoint.”

Mosser received her Bachelor of Arts degree in Mathematics at Northwestern University and her Masters of Business Administration from The Wharton School, University of Pennsylvania.  She has also attended the Executive Program at the Northwestern Kellogg School of Management. Amy and her family reside in Evanston, Illinois.

 

About LaunchPoint

LaunchPoint operates businesses that provide information-driven solutions, software, and services for healthcare organizations. Its two divisions are Discovery Health Partners, a provider of payment integrity and risk management software and solutions for healthcare payers, and Ajilitee, a healthcare information and analytics consulting business. LaunchPoint has been named two years in a row to the Inc. 5000 list, recognized as one of the country’s fastest growing companies. More information is available at www.launchpointcorporation.com, www.ajilitee.com and www.discoveryhealthpartners.com.

 

 

 

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LaunchPointLaunchPoint announces Chief Operations Officer
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LaunchPoint ranked fourth on Crain’s Chicago’s 2016 Fast Fifty list

Parent company of Discovery Health Partners and Ajilitee achieves 4,688% five-year Growth in latest Crain’s ranking

ITASCA, IL (June 6, 2016) – LaunchPoint, a provider of payment integrity and risk management solutions, software, and services for healthcare organizations, today announced it has been named the fourth fastest growing company on the 2016 Crain’s Chicago Business Fast Fifty list.  LaunchPoint’s impressive five-year growth of nearly 4,700% can be attributed to its ability to constantly evolve its product offerings, retain talent, and grow its client base, which now comprises 46 health plans, including three of the five largest plans in the U.S.

“We are honored to be recognized as one of the top four fastest growing companies in Chicago,” stated Terrence Ryan, CEO of LaunchPoint.  “Our health plan customers are under intense regulatory and consumer pressure, and LaunchPoint has proven to be the right payment integrity and risk partner, enabling them to improve their bottom lines and influence member health outcomes.”

In addition to being honored with Crain’s Fast Fifty recognition, LaunchPoint has been on the Inc. 5,000 list of fastest growing private companies in the U.S. two years in a row.  In 2014, LaunchPoint was named the 100th fastest-growing company on the 2014 Inc. 500 and #14 in Healthcare.  LaunchPoint is also an American Heart Association Gold Fit-Friendly Worksite in recognition for promoting employee health and wellness.  To read more about LaunchPoint’s Crain’s Chicago Fast Fifty listing, please visit http://www.chicagobusiness.com/section/fast-50.

 

About LaunchPoint

LaunchPoint operates businesses that provide information-driven solutions, software, and services for healthcare organizations. Its two divisions are Discovery Health Partners, a provider of payment integrity and risk management software and solutions for healthcare payers, and Ajilitee, a healthcare information and analytics consulting business. LaunchPoint has been named two years in a row to the Inc. 5000 list, recognized as one of the country’s fastest growing companies. More information is available at www.launchpointcorporation.com, www.ajilitee.com and www.discoveryhealthpartners.com.

 

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LaunchPointLaunchPoint ranked fourth on Crain’s Chicago’s 2016 Fast Fifty list
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LaunchPoint announces new board appointment: Terri Kline

Terri Kline brings expertise in health payer and health provider industries to LaunchPoint board of directors

ITASCA, IL (May 2, 2016) – LaunchPoint, a provider of cloud-based solutions, software, and services for healthcare organizations, today announced it has appointed Terri Kline to its Board of Directors.  Kline’s appointment brings significant health payer and provider expertise to round out LaunchPoint’s board of seasoned health-technology and finance executives.

“Terri’s extensive health payer and health provider experience will be a tremendous asset to the LaunchPoint board, and when you couple that with her years as an experienced board member, it was a natural fit,” states Terrence Ryan, LaunchPoint CEO.  “Finding a match like Terri who understands how valuable the right board member is to the growth of a business and can back it up with incredible industry knowledge is a rare find, and we are pleased to have her join the team.”

Kline has spent nearly 35 years working in the health industry, two-thirds of them working with health plans.  Kline currently provides strategic healthcare consulting, due diligence, and interim management services to both development-stage and mature health organizations.  In addition, she is a Limited Partner and Member of the CEO Council at Council Capital.

“Having spent many years on both the health payer and provider sides of the claims process, I’ve seen how the system works for everyone involved and where the challenges and opportunities lie in the payment integrity space,” said Kline.  “LaunchPoint operates in a very technical business where we are helping payers and providers navigate the complex claims process, but in the end we are really helping them give their patients and customers a better experience.”

Kline currently serves as a Director of Presbyterian Health Plan and an Advisor to NFANT and Medivo. Previously, she served as a Director and Chairman of the Board for Availity, Medecision and Innovista Health Solutions. Kline was also the Senior Vice President & Chief Health Care Management Officer of Health Care Service Corporation (HCSC), a Senior Vice President of HealthSouth, the CEO of CHA Health (a University of Kentucky Health System Health Plan), the CEO of United Healthcare of Georgia, and the Regional Vice President of Aetna Health Plans. Her experience also includes executive roles with OnCare, PARTNERS National Health Plans, and the Voluntary Hospitals of America.  She received a BA in Biology from Kalamazoo College and a MPH from the University of Michigan. Kline resides in Georgia, where she is an avid tennis player, hiker, and supporter of the National Park Service.

About LaunchPoint

LaunchPoint operates businesses that provide information-driven solutions, software, and services for healthcare organizations. Its two divisions are Discovery Health Partners, a provider of payment integrity and risk management software and solutions for healthcare payers, and Ajilitee, a healthcare information and analytics consulting business. LaunchPoint has been named two years in a row to the Inc. 5000 list, recognized as one of the country’s fastest growing companies. In 2014, LaunchPoint was named the 100th fastest-growing company on the 2014 Inc. 500 list and #14 in Healthcare.  More information is available at www.launchpointcorporation.com, www.ajilitee.com, and www.discoveryhealthpartners.com.

 

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LaunchPointLaunchPoint announces new board appointment: Terri Kline
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