LAS VEGAS and NASHVILLE, Tenn., June 9 AHIP INSTITUTE 2010 -- Emdeon Inc. (NYSE: EM), a leading provider of healthcare revenue and payment cycle management solutions, today announced the appointment of Franklin Baumann, M.D., as chief medical officer. In this newly created role, Dr. Baumann will provide clinical oversight and strategic planning for Emdeon's Interactive Care Management suite of solutions including the Emdeon CareComm(SM) and Emdeon Utilization Alerts products. Dr. Baumann will also provide leadership in support of Emdeon's Payment Integrity and other clinical information initiatives.
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Dr. Baumann is a distinguished and proven leader and has held senior clinical leadership positions at organizations such as Dreyer Medical Clinic and Rush-Copley Medical Center. He most recently served as Medical Director at UnitedHealthcare, where he was responsible for promoting evidence-based medicine through direct interactions with practicing physicians and nurses and providing clinical support to network providers, facilities and the sales force. He is a board-certified general surgeon and has been published in numerous trade publications.
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"Dr. Baumann has the ideal combination of clinical and business experience to help us expand our clinical information products and services," said George Lazenby, chief executive officer of Emdeon. "Under his leadership, Emdeon will be well-positioned to address market needs in our payment integrity and clinical information exchange businesses, and to more fully deploy our Interactive Care Management solutions in the market. We are excited to have him join Emdeon."
Dr. Baumann holds a bachelor of science degree in physics from the Illinois Institute of Technology, a master of science degree in medical physics from Rush Graduate College and a doctorate of medicine degree from Rush Medical College. In addition, he performed a general surgery residency at Rush-Presbyterian-St. Luke's Medical Center in Chicago, Illinois.
During America's Health Insurance Plan's (AHIP) Institute 2010, Dr. Baumann will be participating as a panelist at the breakfast symposium, Creating Collaborative Healthcare Communities: Using Technology to Coordinate Care and Improve Outcomes. The symposium is scheduled for Thursday, June 10th at 7:30 a.m. Emdeon will be also be exhibiting at AHIP's Institute 2010 and demonstrating its Interactive Care Management and Payment Integrity solutions at booth number 317.
About Emdeon
Emdeon is a leading provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon's product and service offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of products and services, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle process. For more information, visit www.emdeon.com.
Statements made in this press release that express Emdeon's or management's intentions, plans, beliefs, expectations or predictions of future events are forward-looking statements, which Emdeon intends to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Forward-looking statements may include information concerning Emdeon's possible or assumed future results of operations, including descriptions of Emdeon's revenues, profitability and outlook and its overall business strategy. You should not place undue reliance on these statements because they are subject to numerous uncertainties and factors relating to Emdeon's operations and business environment, all of which are difficult to predict and many of which are beyond Emdeon's control. Although Emdeon believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Emdeon's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements, including the risks discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections and elsewhere in Emdeon's Annual Report on Form 10-K for the year ended December 31, 2009, as well as Emdeon's periodic and other reports, filed with the Securities and Exchange Commission.
You should keep in mind that any forward-looking statement made by Emdeon herein, or elsewhere, speaks only as of the date on which made. Emdeon expressly disclaims any intent, obligation or undertaking to update or revise any forward-looking statements made herein to reflect any change in Emdeon's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
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