CORNING FRANKLIN HEALTH NAMES ROBERT EIDUS, M.D., AS PRESIDENT AND CHIEF OPERATING OFFICER.CORNING, N.Y.--(BUSINESS WIRE)--JULY 31, 1995--Corning Incorporated (NYSE NYSE See: New York Stock Exchange :GLW GLW Glasgow Airport (UK) GLW Gross Laden Weight GLW Good Lady Wife (Australia) ) today announced the appointment of Robert Eidus, M.D., as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Corning Franklin Health, formerly Franklin Health Group. Dr. Eidus will report to David Levy, M.D., Chief Executive Officer of Corning Franklin Health. Corning Life Sciences Inc. -- a wholly-owned subsidiary of Corning Inc. -- acquired Franklin Health Group in February, 1995. Specializing in disease management, Corning Franklin Health is dedicated to bringing the best medical care to people with serious illness -- about 5% of the patient population -- that drive approximately 60% of health care costs. These complex diseases include cancer, HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome , prematurity and chronic diseases. The company's clients are Fortune 200 companies from all industry sectors, including manufacturing, banking and financial services, retail, entertainment and communications. Corning Franklin Health is currently based in Ramsey, New Jersey Ramsey is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,351. Ramsey was incorporated as a borough by an Act of the New Jersey Legislature on March 10, 1908, from portions of Hohokus Township (now . Before this appointment to Corning Franklin Health, Dr. Eidus was Executive Vice President of ChoiceCare, a Cincinnati, Ohio-based HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, , with over 2,500 physicians participating in its network. In that capacity, he was responsible for medical policy, group practice development, medical quality and cost management. Between 1988 and 1991, Dr. Eidus was Vice President and Medical Director at U.S. Healthcare in New Jersey, where he oversaw medical management, including quality assurance, physician recruitment and network maintenance for the 150,000-member HMO. He led both organizations to 3-year full NCQA NCQA National Committee on Quality Assurance, see there accreditation. Dr. Eidus joined U.S. Healthcare after having served as Chairman of the Department of Family Practice and Director of the Family Practice Residency Program at St. Joseph's Hospital and Medical Center St. Joseph's Hospital and Medical Center is a hospital in Phoenix, Arizona, USA. It is currently operated by Catholic Healthcare West. Services St. Joseph's is a certified level I trauma center for adults. in Paterson, New Jersey “Paterson” redirects here. For other uses, see Paterson (disambiguation). Paterson is a city in Passaic County, New Jersey, United States. As of the United States 2000 Census, the city population was 149,222. . Commenting on this appointment for Corning Franklin Health's headquarters in Ramsey, New Jersey, Dr. Levy said: "Bob Eidus' strong track record in building successful medical organizations is critical to the company as we grow to meet the burgeoning demand for disease management from both corporate clients and within the managed care industry itself. In addition to his impressive medical executive skills, Bob shares the company's vision that the best medical decisions are made between patients and their doctors, and the proper role of medical management is to inform and support these parties." Dr. Eidus commented: "Corning Franklin Health is clearly leading the way in the next generation of managed care. I look forward to helping build what I believe will provide a new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. for health care management in this country." "Corning Franklin Health is becoming an important platform in Corning Life Sciences' long-term strategy to provide seamless disease management solutions that leverage our world-class diagnostic expertise at Corning Clinical Laboratories and Corning Nichols Institute, and which interface with the drug development resources of Corning Pharmaceutical Services," said Van Campbell, Vice Chairman of Corning Incorporated and Chairman of Corning Life Sciences. Corning Incorporated is a Fortune 500 company which reports its financial results in four segments: specialty materials, communications, laboratory services, and consumer products. For 1994, revenues totaled $4.8 billion. CONTACT: Todd Fogarty Corning Incorporated 607-974-8206 |
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