GTESS Announces the Promotion of Two Key Executives.RICHARDSON, Texas -- GTESS Corporation, a leading provider of 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 services to the healthcare industry, today announced that it has promoted John McGahey to Senior Vice President and Chief Revenue Officer and Kevin Naughton to Senior Vice President and Chief Financial Officer. Mr. McGahey is responsible for leading all the Company's sales, account management and business development initiatives. Mr. Naughton is responsible for directing financial plans and programs, supporting strategic and business planning processes, and acting as liaison to current and future shareholders in the financial markets. "John and Kevin exemplify the type of dedication, commitment and enthusiasm required of highly successful leaders in high-growth companies," said Deborah M. Gage, GTESS 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. . "They have built dedicated and high-performing teams that have had a tremendous impact on GTESS' strategic and operational initiatives." John McGahey Since joining GTESS in 2002, Mr. McGahey has built the key infrastructure and systems necessary to support and sustain the Company's double-digit revenue growth, including the development of its direct lead generation function, business development efforts and a world-class account management team. He has built a high-performing direct sales team consisting of deeply experienced healthcare professionals that fully appreciate our client's needs and strategic initiatives. Prior to joining GTESS, Mr. McGahey held leadership roles within leading healthcare technology companies such as Allscripts Healthcare Solutions, ALM Surgical, Automatic Data Processing Same as data processing. and CompHealth-Medimorphus. He has successfully built world-class sales, marketing and business development teams to introduce new technologies and services to the healthcare payer and provider markets, including: clinical claims editing and HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, compliance software, ASP solutions and outsourced services. McGahey holds a bachelors degree from Marquette University in Wisconsin, and has published numerous articles on HIPAA technology solutions. Kevin P. Naughton Mr. Naughton has led many financial, operational, and strategic initiatives for the Company, including the Company's first round of venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends (December 2003), the Company's financial audits, and the re-negotiation and restructuring of the Company's banking and partner relationships. Prior to joining GTESS in March of 2003, Mr. Naughton was the CFO See Chief Financial Officer. and COO of Pavilion Technologies in Austin, Texas, a privately held enterprise optimization software company. Prior to that, he was the CFO of S2 Systems in Dallas, a provider of software services to the financial and healthcare markets and a subsidiary of Stratus Computer Corporation. Early in his career Mr. Naughton held various finance and accounting positions with Stratus Computer and Computervision Corporation. Naughton holds a bachelors degree in accounting and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in finance and marketing from Bentley College in Waltham, Mass. GTESS is a provider of business process outsourcing (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 ) solutions for healthcare plans and benefit managers. The Company leverages proprietary technology that replaces error-prone human processes with automated workflow in a superior service model to lower the cost and improve the quality of healthcare payment systems. Our services include a total pre-adjudication claims processing system of integrated, client-customized applications (the "Claims Gateway Solution") for claims receipt, verification, data quality improvement, duplicate claim detection, member and provider verification, PPO-Connect(TM) network management and repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing services, claim routing and tracking, and document management. The Claims Gateway Solution uses business process management (BPM) technologies to create new efficiencies and offer process transparency throughout the claim process. Our 'clean-claim' HIPAA-compliant electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) delivery systems go beyond what can be achieved by automating parts of the process, or outsourcing operations off-shore. We deliver higher-quality data and cleaner claims which result in dramatic improvements in turn-around times and processing costs. |
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