Cardium Health Positioned for Market Leadership with New Chief Executive Officer.FARMINGTON, Conn. -- Cardium Health Services health services Managed care The benefits covered under a health contract , Inc., a leading provider of health and disease management programs to large, self-insured employers, today announced the promotion of Daniel Cave to president and chief executive officer. Mr. Cave had served as 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. since joining Cardium Health in September 2003. Prior to his promotion, he had assumed additional responsibility for the company's sales and marketing functions. From 1997 to 2000, Mr. Cave served as President of Prudential HealthCare's Specialty Healthcare business operation, where he had responsibility for the company's disease management, pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. , behavioral healthcare, worker's compensation, 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. and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. business operations. Following his tenure at Prudential HealthCare, Cave served as Vice President of Operations for CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) Pharmacy Management. Mr. Cave replaces Charleen Ernst, the company's co-founder and former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Cave commented, "On behalf of the company, I wish to thank Charleen for her contributions and wish her well in the future." In addition to extensive experience at the senior executive level in the healthcare services and employee benefits industry, Mr. Cave co-founded an early-stage cardiovascular disease Cardiovascular disease Disease that affects the heart and blood vessels. Mentioned in: Lipoproteins Test cardiovascular disease management company in the mid-1990's. "Dan is an accomplished executive who was recruited to the company for his strategic vision and operating expertise in leading healthcare service businesses. Over the past year, he has driven the redesign of Cardium Health's operating model and service integration capabilities, both of which have been instrumental in the company's recent dramatic growth," noted Tim Buono, a principal at the Greenwich, Connecticut-based investment firm Tullis-Dickerson & Co., Cardium Health's largest shareholder. Buono added "Dan is a high-energy leader with outstanding strategic skills and a strong record of success; we're pleased to have him as Cardium Health's Chief Executive." Charles Schellhorn, President and CEO of Argus Health Systems and member of Cardium Helath's Board of Directors, also commented, "I've known Dan professionally and personally for a number of years. He is a talented leader with over 20 years of experience in virtually all aspects of employee benefits and healthcare services, and I am confident that Cardium Health's future is bright with Dan as the company's Chief Executive." About Cardium Health: Cardium Health is a national health and disease management company. As one of the leading providers of disease management programs to large, self-insured employers, the company's core focus is on reducing health care costs related to heart disease, diabetes, asthma, chronic obstructive pulmonary disease chronic obstructive pulmonary disease n. Abbr. COPD A chronic lung disease, such as asthma or emphysema, in which breathing becomes slowed or forced. , back pain and smoking, while improving the health and wellness of the aging workforce. Cardium Health's programs are based on proven clinical and economic best-practice protocols and easily integrate into employers' back-to-work and wellness initiatives. For more information about Cardium Health and its programs, visit www.cardiumhealth.com, email cardium@cardiumhealth.com, or call 860.677.8900. |
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