onehealthbank.com Names New Chief Executive Officer; Joseph T. Sebastianelli Joins onehealthbank.com as Chairman, Chief Executive Officer and President.Business Editors/Health and Medical Writers CRANBURY, N.J.--(BW HealthWire)--June 7, 2000 onehealthbank.com, an innovative web technology company that enables on-line financial settlement of healthcare transactions at the point-of-service, today announced that Joseph T. Sebastianelli, age 54, has been named Chairman, Chief Executive Officer and President. Mr. Sebastianelli brings almost 30 years of strategic, high profile experience in healthcare, insurance, and the legal profession to onehealthbank.com. Mr. Sebastianelli has held a number of executive positions including President of Aetna, Inc. (NYSE NYSE See: New York Stock Exchange : AET AET Aetna, Inc. AET After Extra Time AET Actual Evapotranspiration AET Alliance for Environmental Technology AET Alpha-Ethyltryptamine AET Applied Extrusion Technologies, Inc. ) and a member of their Board of Directors. He also served as Co-President and Principal Medical Administrative Officer of U.S. Healthcare U.S. Healthcare is a now-defunct healthcare company. The logo had an apple. The merger with Aetna In 1996, the company merged with Aetna, calling it Aetna U.S. Healthcare. The U.S. Healthcare apple logo was next to the Aetna name, and U.S. Healthcare under it. U.S. , Inc., where he assisted the company's founder and chairman in analyzing and pursuing strategic options eventually leading to the $9 billion merger with Aetna, Inc. Immediately prior to joining onehealthbank.com, he was the Chief Executive Officer of Scripps SCRIPPS Cardiology A clinical trial–Scripps Coronary Radiation to Inhibit Proliferation Post Stenting Care and Executive Vice President of Scripps Health Scripps Health is a not-for-profit, community-based health care delivery network in San Diego, California, that includes four acute-care hospitals on five campuses, more than 2,300 affiliated physicians, an extensive ambulatory care network, home health care and associated support , San Diego's largest healthcare system. In that role, he restructured the system's payor payor (payer) n. The one who must make payment on a promissory note. agreements from capitated risk to fee-for-service fee-for-ser·vice adj. Charging a fee for each service performed. . "The wealth of healthcare and insurance industry experience that Joe brings to onehealthbank.com provides us with great depth of understanding of payors and providers," said Dean F. Boyer, Co-Founder and Chief Knowledge Officer, onehealthbank.com. "His tremendous leadership skills and proven track record of success will be key for guiding us through the spectrum of corporate, commercial and regulatory matters that affect this business." "This is one of the most innovative companies I've seen, with a truly outstanding solution for the healthcare industry's claims processing and payment problem," said Sebastianelli. "I am excited to lead onehealthbank.com in bringing this unique offering to the marketplace." onehealthbank.com (http://www.onehealthbank.com) is an innovative Internet technology company that enables on-line financial settlement of healthcare transactions at the point-of-service using a unique bank payment and insurance identification card. |
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