UMC, Inc. Adds Two Seasoned Veterans to Its Executive Management Team
AURORA, Ill., May 17, 2011 /PRNewswire/ -- UMC, Inc. (UMCN: PK), a provider of revenue cycle management solutions to hospitals, physician group practices, clinics, and other healthcare providers, formally announces today the appointments of Patrick B. Gough as chief operating officer and James ("Jim") Beutel as chief sales and marketing officer.
Gough, a thirty (30) year veteran of the ARM industry, will oversee the Company's day-to-day operations including its wholly-owned subsidiary, UMC Healthcare Solutions, L.L.C. He reports to Danniel E. Stevens, chairman, president, and chief executive officer. Prior to joining UMC, Inc., Gough served as an independent consultant to two ARM firms. Gough's notable accomplishments as a consultant include assisting a client in saving more than $900,000 per year stemming from resolving many consumer attorney complaints and increasing client placements over 300% through improved performance strategies. Previously, Gough was executive vice president, chief operating officer, and part owner of Credit Bureau Accounts, Inc. (CBA) where he played a critical role in growing the company from a 47-person local entity into a 225-person national company, increasing the enterprise value of the organization 375% over the subsequent five-year period. This achievement led to a top 50 Nielsen rating in the U.S. and the successful sale of CBA to Convergent Resources, Inc. His invaluable experience will aid the Company and its subsidiaries in its efforts to profitably grow its healthcare services, process outsourcing business, and will aid in introducing other accounts receivable and revenue cycle management service offerings to the healthcare marketplace.
Beutel, a thirty-five (35) year sales and marketing executive with demonstrated successes in building and managing multi-million dollar sales operations, has recently joined UMC as chief sales and marketing officer. He will also report to Mr. Stevens. Beutel will be responsible for overseeing and accelerating the Company's revenues and client base growth by successfully developing and fostering relationships among an extensive network of agents, clients, and other service partners for the proliferation of UMC Healthcare Solutions' entire revenue cycle service offerings. Additionally, Beutel will be responsible for identifying products and services which assist UMC, Inc. and its affiliates in developing a sustainable competitive market advantage. Over his distinguished career, Beutel has sold in excess of $600 million in revenue cycle management products and services to healthcare providers. He has held senior management positions at such companies as: National Healthcare Payer Networks, Sun Capital Healthcare, West Asset Management, and most recently, the position of vice president of sales for Kadent Corporation.
"These two important additions to the Company's executive team reflect our ongoing commitment to develop and deliver solutions to address the critical challenges affecting of our customers," said Danniel E. Stevens, president and chief executive officer. "I am delighted to welcome Patrick and Jim to UMC, Inc. and I look forward to their contributions in strengthening our value proposition and driving innovation in our healthcare markets."
Along with Stevens, Gough and Beutel, Cleston Lord, the company's corporate secretary, serves as legal adviser to the Company.
About UMC, Inc.
UMC, Inc., through its subsidiaries and affiliates, provides e-commerce software solutions, extended business office, and traditional collection services to the healthcare industry. For more information, visit www.umchealthcare.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause UMC, Inc.'s performance to differ materially. Such risks include, without limitation: changes in trends in the financial services industry; our ability to compete successfully with competitors in the market; our ability to maintain client contracts or to enter into new contracts; uncertainties related to future incentive payments; and, our ability to operate successfully in new lines of business.
SOURCE UMC, Inc.