Creditek Healthcare Expands Experienced Leadership Team; John Gallatin and Joseph DeSilva Join as Vice Presidents of Business Development.Business Editors PARSIPPANY, N.J.--(BUSINESS WIRE)--March 18, 2003 Creditek LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading provider of revenue cycle business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ), today announced the addition of two senior sales executives, John Gallatin and Joseph DeSilva. Mr. Gallatin has over twenty-five years of healthcare sales and management expertise. Most recently, he was partner 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 J.A. Thomas & Associates, a healthcare consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in compliance documentation management programs for hospitals and physicians. Previously, he held senior positions with some of the nation's leading healthcare companies, including Coram Healthcare, Caremark International, and Baxter. "John has a proven track record in goal attainment and profitability," commented Corey V. Torrence, Creditek President and 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. . "We will look to him to provide significant value to Creditek and its clients and are pleased to have him on board." Mr. DeSilva is a senior executive with broad expertise in the administration, financial management, operations, marketing, strategic planning, business and professional development of medical institutions. He has held several senior executive and CEO positions with healthcare consulting firms, academic teaching hospitals, and healthcare delivery systems including Via Health, The Genesee Hospital, Mercy Healthcare Arizona, and University Hospitals of Cleveland University Hospitals is a major not-for-profit medical center in Cleveland, Ohio, United States. With 150 locations throughout northeast Ohio, it encompasses a network of hospitals, outpatient centers and primary care physicians. . "Joe's business development and relationship building accomplishments are extremely impressive," said Corey Torrence. "He has the experience to further accelerate our organizational growth and increase Creditek's recognition within the industry." ABOUT CREDITEK CREDITEK LLC is one of the world's leading business process firms, specializing in invoice-to cash cycle outsourcing for Fortune 1500-sized firms. Founded in 1982, Creditek has built its foundation and reputation on three primary factors: People, Processes and Technology. Creditek has over 30 million hours of industry, practical, and technical experience that has directly influenced the development and retention of their over 100-strong client base. With over $10 billion in receivables under management, Creditek works with corporations to map key business performance indicators such as cash flow, days sales outstanding In accountancy, Days Sales Outstanding is a company's average collection period. A low figure indicates that the company collects its outstanding receivables quickly. Typically it is looked at either quarterly or yearly (90 or 365 days). (DSO See CSO. ), percent current receivables, dilution, and dilution recoveries against financial revenue processes to optimize corporate value-creation opportunities. The company has strong backing from both Parthenon Capital and General Atlantic Partners. Creditek has experts in each aspect of finance and accounting processes, as well as specific, industry knowledge and heavy client concentration in all significant industry sectors, including Media and Entertainment, Technology and Communication, Energy, Consumer Package Goods, Retail and Transportation, Financial Services, Manufacturing, and Healthcare. For more information, visit www.creditek.com. |
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