CorSolutions Chief Medical Officer Promoted to President and Chief Operating Officer; Dr. Richard Vance Selected to Drive CorSolutions Toward Emerging Market Opportunities.Health/Medical Writers BUFFALO GROVE Buffalo Grove A village of northeast Illinois, a suburb of Chicago. Population: 43,300. , Ill.--(BW HealthWire)--July 13, 2001 CorSolutions, the market leader in health intelligence and solutions, today announced the promotion of Richard Vance, M.D., from chief medical officer to 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. . "As CorSolutions' services evolve to meet growing market demands, Dr. Vance's vast product development experience, clinical insight and business understanding of the health care delivery market make him a positive choice to navigate the company's strategic direction," said L. Peter Smith, 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. of CorSolutions. "For the past year as chief medical officer, he has played a pivotal role in our company's successful product development and quality enhancement initiatives, establishing CorSolutions at the forefront of proactive condition management. His contributions have set the foundation for CorSolutions to provide comprehensive wellness services to a broad range of customers from health plans to employer groups employer group Association of employers Managed care An entity with a current group benefits agreement in effect with a health plan to provide covered health care services to its employee-subscribers and eligible dependents. ." As president of CorSolutions, Dr. Vance will drive the company's growth through its new service platform and a continually expanding product line designed to meet the comprehensive needs of today's health system. Initiatives also include extending quality from the clinical setting to business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and the implementation of CorSolutions' company-wide six-sigma redesign. Dr. Vance will continue to oversee health improvement and product development, while assuming leadership of CorSolutions' operations, sales, marketing and information technology initiatives. Since joining CorSolutions in August 2000, Dr. Vance has spearheaded a number of quality improvement initiatives, continuing the company's long-standing history of proven clinical and financial outcomes. Under his clinical leadership, CorSolutions integrated a comprehensive technology platform to further enhance outcomes through biometric monitoring tools, Internet services and internal automation systems. He also guided the company's product and service line expansion, including expansion of its diabetes offering, development of an asthma management program and creation and launch of the industry's most comprehensive health intelligence solution. Dr. Vance joined CorSolutions as a former customer, bringing a frontline front·line also front line n. 1. A front or boundary, especially one between military, political, or ideological positions. 2. Basketball See frontcourt. 3. Football The linemen of a team. perspective from his years at Humana as vice president and corporate medical director for population health improvement. At Humana, he worked closely with CorSolutions to implement chronic disease management programs that consistently delivered industry-leading results. Dr. Vance also played a role in a number of Humana's quality initiatives, including development of key quality indicators for physician performance and the development of Humana's templates for the National Committee of Quality Assurance's (NCQA's) clinical studies and clinical guidelines. Today, Dr. Vance continues to play a key role in the industry's quality initiatives, serving as a member of the NCQA NCQA National Committee on Quality Assurance, see there advisory council on accreditation in disease management. About CorSolutions CorSolutions Medical, Inc. is the market leader in condition management and health intelligence solutions. Its multi-condition approach helps patients with asthma, diabetes, congestive heart failure congestive heart failure, inability of the heart to expel sufficient blood to keep pace with the metabolic demands of the body. In the healthy individual the heart can tolerate large increases of workload for a considerable length of time. , coronary artery disease coronary artery disease, condition that results when the coronary arteries are narrowed or occluded, most commonly by atherosclerotic deposits of fibrous and fatty tissue. , and 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. to maintain healthy lifestyles, enhancing their overall quality-of-life. CorSolutions' technology-driven service offerings range from education and wellness tools to long term chronic care management programs, optimizing the health and care of patients across all acuity acuity /acu·i·ty/ (ah-ku´i-te) clarity or clearness, especially of vision. a·cu·i·ty n. Sharpness, clearness, and distinctness of perception or vision. levels. Using the exclusive MULTIFIT(SM) approach of physician-directed, nurse-mediated, patient-managed care, CorSolutions consistently delivers measurable health improvements and significant cost-savings for its customers. The company currently has more than 100 contracts representing 45 million commercial and 1.5 million Medicare risk members throughout the country. Based in Buffalo Grove, IL, CorSolutions has grown from $5 million in annual revenues in 1995 to more than $45 million in 2000. For more information, visit the company's corporate Web site at www.corsolutions.com. |
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