Ancillary Care Management Expands Senior Management Team with Addition of Three Healthcare Industry Veterans; New Executives Position ACM for Continued Growth and Success.Business Editors/Health/Medical Writers LOS ANGELES--(BUSINESS WIRE)--Dec. 8, 2003 Ancillary Care Management(TM) (ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. (TM)), the nation's leading specialty pharmacy and ancillary care benefits management company, has added three senior healthcare executives to its management team. Christopher M. Sherlock, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. has joined the company as Chief Financial Officer, Robert J. Glaser has signed on as Executive Vice President of Sales and Marketing, and Gary A. Loeber, R.Ph. will serve as Executive Vice President of Business Development. The executives will help identify additional market opportunities, improve and streamline operations and manage the company's expansion. "ACM pioneered specialty pharmaceutical and affiliated ancillary care benefits management nearly a decade ago and the company is poised for tremendous growth in the coming year," said David Willcutts, ACM's Chief Executive Officer. "The addition of these industry veterans to our team will enable us to better serve current health plan clients. Their expertise will also enable us to efficiently ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale services for the new clients we anticipate bringing on, including those acquired through our exclusive marketing and services agreement with Medco Health Solutions Medco Health Solutions, Inc. (NYSE: MHS) is a leading pharmacy benefit manager (PBM) company based in Franklin Lakes, New Jersey. The current chairman is David Snow. The company formed in August 2003 as a spinoff from Merck & Co.. ." Christopher M. Sherlock will serve as ACM's Chief Financial Officer, helping ACM enhance its centralized finance, claims and accounting team. Sherlock brings more than a decade of experience in employee benefit plan consulting, brokerage and administration, including Prescription Benefit Management (PBM PBM - play by mail. See play by electronic mail. ), Utilization Management Utilization management is the evaluation of the appropriateness, medical need and efficiency of health care services procedures and facilities according to established criteria or guidelines and under the provisions of an applicable health benefits plan. (UM), and Benefits Brokerage. His previous positions include serving as Chief Financial Officer for USI Administrators. Robert Glaser Robert Glaser is an American educational psychologist, who has made significant contributions to theories of learning and instruction. His scholarship has been recognized by several awards including the American Educational Research Association Presidential Citation Award (2003), brings more than 25 years of healthcare sales, marketing and management experience to ACM, including more than 20 years working for Merck and Co. A proven leader in commercializing new products and services in emerging markets, Glaser will help ACM to continue to build a sales and account management team to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. market opportunities, manage key strategic relationships with new business partners, lead the development of new products and services for ACM and participate in setting the strategic direction for the Company. Gary Loeber's career in the pharmacy benefits management industry spans more than 20 years, including senior positions at Prime Therapeutics, Diversified Pharmaceutical Services, Express Scripts/Value Rx and Reliable Drug Stores. As ACM's EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition of Business Development, Loeber will employ his experience in the strategic development and management of ACM Key Accounts Management, ACM's pharmacy department, pharmaceutical manufacturer contracting, pharmacy network development and oversight. Further, he brings to ACM an expertise in manufacturer contracting and network development. "I'm pleased to welcome Chris, Bob and Gary to ACM," Willcutts said. "Their addition to our leadership team further positions ACM for success now, and well into the future." About ACM ACM is the nation's leading specialty pharmacy and ancillary care benefits management company focused on improving patient care and reducing costs related to services provided in an ancillary care setting, defined as the home, doctor's office or other non-hospital environment. Founded in 1995, the privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. contracts with health plans nationwide, serving over 18 million covered lives. ACM applies paperless automation to the traditional paper-based systems used by payers and providers when managing these benefits. ACM is based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , California and links payers, providers, clinicians, allied health professionals, suppliers and patients through its Web site, which offers a progressive suite of applications that manage all aspects of ancillary care. More information can be found at www.acmcentral.com. Ancillary Care Management and ACM are trademarks of ACM. |
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