Discovery Health Partners announces new Board of Director appointments

Three Board additions bring wealth of healthcare payer, consulting services, and strategic growth management experience to an already deep Board of Directors bench

ITASCA, IL (November 20, 2018) — Discovery Health Partners today announce the addition of three new Board members to support the company as it continues its growth in the payment and revenue integrity space. New to the Discovery Board are Carol Lindstrom, recently retired vice chairman of Deloitte LLP; Ken Coleman, former founder, chairman, and CEO of ITM Software; and Chris Wenner, director at Carrick Capital Partners and a member of the Carrick Capital Partners founding team.

“We are pleased to welcome Carol, Ken, and Chris to Discovery Health Partners and know their significant range of career and board experiences will be an invaluable resource to our team,” stated Discovery Health Partners’ CEO Jason Brown. “Their strengths underscore the priorities we share at Discovery – creating strong customer relationships, building teams with superior talent, growing revenue both organically and inorganically and delivering the best payment integrity and revenue optimization solutions available in the healthcare payer marketplace.”

Coming off its fifth Inc. 5000 win and with plans to continue its fast-paced growth, Discovery Health Partners is excited to welcome its new Board of Directors members.

CAROL LINDSTROM  

Carol Lindstrom was, until her recent retirement, the vice chairman of Deloitte LLP. She joined Deloitte in 1993 to build and lead the technology consulting practice. During her tenure, she served as the advisory partner for some of Deloitte’s largest clients. She built and led the Strategic Relationship Management group and a relationship program focused on top global clients. She led Deloitte’s global and US alliances and built several technology businesses. Carol was a member of the Deloitte & Touche Board of Directors for six years, served on the Deloitte Touche Tohmatsu (DTT) Global Board of Directors for eight years, and was the president of the Deloitte Foundation for many years. Prior to joining Deloitte, she was a partner at Andersen Consulting. She currently serves on the board of directors of Genpact Ltd. (G), Exponent Inc. (EXPO), Energous (WATT), Entertainment Partners, and two not-for-profit boards: the St. Helena Hospital Foundation and the Workday Foundation.

KENNETH L. COLEMAN

As a Silicon Valley pioneer, Ken Coleman was the founder, former chairman, and CEO of ITM Software, an enterprise software company focused on the information technology function. Previously, he was EVP of global sales, services, and marketing for Silicon Graphics, Inc. (SGI). Prior to joining SGI, Ken was VP of product development at Activision. Earlier, he spent 10 years at Hewlett-Packard Company, where he held several management positions. Ken serves on the board of directors of CSAA Insurance Group, Entertainment Partners, Saama Technologies, and Complia Health. Previously, he was chairman of two public technology companies, MIPS Technology and Accelrys, and served on the board of City National Bank. Ken also currently serves as a mentor/coach for CEOs in the Silicon Valley technology sector and is an advisor to venture capital firm Andreessen Horowitz. He also served as a captain in the United States Air Force.

CHRIS WENNER 

Chris Wenner is a director at Carrick Capital Partners and a member of the founding team. Chris leads the firm’s thematic sourcing effort focusing on healthcare, cyber security, and enterprise software. Chris serves as a board observer at Instamed and Complia Health. Prior to joining Carrick, Chris worked at the investment bank of Perella Weinberg Partners, where he focused on mergers and acquisitions and private capital transactions in the technology industry for clients including Oracle, Google and Hewlett-Packard. Chris graduated from the University of California with a Bachelor of Arts in Economics.

About Discovery Health Partners

Discovery Health Partners’ mission is to deliver unique, actionable analytic insights and technology-powered solutions to help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies with government programs. Serving more than 60 health plans across the U.S., including six of the 10 largest U.S. health plans, Discovery has been recognized consistently for its growth—earning a spot on the Inc. 5000 list five years in a row and the Crain’s Fast 50 three times. For more information on Discovery Health Partners, go to www.DiscoveryHealthPartners.com.

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Discovery Health PartnersDiscovery Health Partners announces new Board of Director appointments
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Discovery welcomes Peggy Barber as new Vice President of Client Operations

Executive brings two decades of operations and client value expertise

ITASCA, IL (September 19, 2018) — Discovery Health Partners today announced the appointment of Peggy Barber as its new Vice President of Client Operations. In this role, Peggy is responsible for bringing excellence to the client onboarding experience, driving higher client satisfaction, and optimizing the company’s training and quality programs.

Peggy is an accomplished executive leader with expertise in Payment Integrity; Fraud, Waste, and Abuse, and Medicare/Medicaid Managed Care. She brings a wealth of experience heading up client-facing and operational functions for other payment integrity firms, a top-5 health plan, and other industry-leading companies.

“Peggy’s deep healthcare knowledge, along with her client management and operations experience at Fortune 100 companies, will be a tremendous asset to our team as we scale to better serve our clients,” said Discovery’s CEO Jason Brown. “Adding Peggy to our executive team is a key part of our strategy to deliver profound value for our customers.”

About Discovery Health Partners

Discovery Health Partners’ mission is to deliver unique, actionable analytic insights and technology-powered solutions to help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies with government programs. Serving more than 60 health plans across the U.S., including five of the 10 largest U.S. health plans, Discovery has been recognized consistently for its growth—earning a spot on the Inc. 5000 list five years in a row and the Crain’s Fast 50 three times. For more information on Discovery Health Partners, go to www.DiscoveryHealthPartners.com.

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Discovery Health PartnersDiscovery welcomes Peggy Barber as new Vice President of Client Operations
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Discovery named to Inc. 5000 list for fifth straight year

Latest recognition places Discovery in the Hall of Fame among elite group of fastest-growing private companies

ITASCA, IL (August 15, 2018) – Discovery Health Partners today announced that for the fifth year in a row, the company has been named to Inc. Magazine’s annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Discovery has earned a spot on the list since 2014, when it debuted at #100. This year, Discovery’s three-year growth rate of 115 percent landed the company at #3364 on the list. Discovery’s fifth-straight appearance on the list also puts them in the 5-Time Inc. 5000 Honoree Hall of Fame. According to Inc. Magazine, only one in ten companies who earn a spot on the Inc. 5000 list repeat that achievement five times.

“It’s an honor to be ranked among the fastest-growing companies in America for the fifth consecutive year,” said Discovery CEO Jason Brown. “To sustain our growth trajectory for this long is truly a testament to our entire team at Discovery and the work we’re doing to continue our tradition of creating profound value for our clients and delivering innovative solutions to meet their changing needs.”

The Inc. 5000 list provides a glimpse into America’s most dynamic economic segment—its independent small businesses. To qualify for the list, companies must have been founded and generated revenue by March 31, 2014, and be based in the U.S., privately held, for profit, and independent as of December 31, 2017.

See this year’s full Inc. 5000 list here.

About Discovery Health Partners

Discovery Health Partners’ mission is to deliver unique, actionable analytic insights and technology-powered solutions to help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies with government programs. Serving more than 60 health plans across the U.S., including five of the 10 largest U.S. health plans, Discovery has been recognized consistently for its growth—earning a spot on the Inc. 5000 list five years in a row and the Crain’s Fast 50 three times. For more information on Discovery Health Partners, go to www.DiscoveryHealthPartners.com.

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Discovery Health PartnersDiscovery named to Inc. 5000 list for fifth straight year
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Carrick Capital Partners acquires majority stake in Discovery Health Partners

Carrick makes significant investment, buying shares from early-stage investors to become majority shareholder

SAN FRANCISCO AND NEWPORT BEACH, CA (August 9, 2018) – Carrick Capital Partners, an investment firm focused on technology-enabled services including SaaS, Software, BPO and Transaction Processing, today announced the close of an additional significant investment in Discovery Health Partners.

The transaction, which follows an initial investment of $22.5 Million in August of 2015, makes Carrick the majority shareholder through the purchase of an undisclosed number of shares from early-stage investors.

“This investment underscores our confidence in the team, the market and the company’s execution,” said Carrick Capital Partners Managing Director Steve Unterberger. “We have witnessed how effectively Discovery has used their combination of an existing loyal customer base, powerful data analytics and machine learning expertise to rapidly develop new offers, specifically those focused on government funded programs. Our shared focus on operational excellence and growth, and our confidence in Discovery’s team, made this opportunity to take a majority position very attractive.”

Discovery Health Partners’ customer base consists of more than 60 health plans, including five of the 10 largest U.S. health plans, 12 Blues plans, more than 50 Medicare Advantage plans, and numerous regional and community plans. As reimbursement has become more complex and government programs have continued to grow, Discovery has led the industry in innovative solutions that help health plans and other healthcare organizations reduce waste, fraud, and inefficiency.

“Having worked closely with Discovery Health Partners for the past three years, the team at Carrick knows firsthand how the company has successfully grown to capitalize on the market opportunity in payment integrity. In Jason Brown, they have a phenomenal CEO who is a strategic thinker with great operating acumen. Customers today are looking to do more with fewer vendors, and Discovery has positioned themselves as the vendor of choice by leading the industry in innovation and earning unparalleled customer satisfaction,” added Carrick Capital Partners Managing Director Alex Mason.

According to Discovery Health Partners CEO Jason Brown, “Payment integrity for healthcare payers is rapidly evolving and the world is shifting to pre-pay as quickly as technology will allow. At Discovery, we are delivering solutions that will solve client problems not being addressed by other vendors. Our partnership with Carrick, which enables us to tap into their operational and technological expertise, has been critical to our success. It will play an even greater role as we continue building a portfolio of solutions that creates tangible value for our health plan clients. We are very pleased by the vote of confidence that Carrick’s additional investment represents and we are excited for the continued impact we will make together.”

Both Alexander Mason and Steve Unterberger will remain actively involved as members of the Discovery Health Partners Board of Directors.

About Discovery Health Partners

Discovery Health Partners’ mission is to deliver unique, actionable analytic insights and technology-powered solutions to help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies with government programs. Serving more than 60 health plans across the U.S., including five of the 10 largest U.S. health plans, Discovery has been recognized consistently for its growth—earning a spot on the Inc. 5000 list four years in a row and the Crain’s Fast 50 three times. For more information on Discovery Health Partners, go to www.DiscoveryHealthPartners.com.

About Carrick Capital Partners

Headquartered in San Francisco and Newport Beach, Carrick Capital Partners is a growth-oriented investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast-growing, technology-enabled businesses. Carrick adds value by taking a concentrated approach and dedicating significant resources post-investment.  Leveraging decades of experience, Carrick helps scale great companies that deliver excellent returns for investors, stimulating economic growth and positively impacting the industry landscape. Working directly with CEOs and entrepreneurs, Carrick fulfills a vital need for investment capital and growth expertise. For more information, please visit www.carrickcapitalpartners.com.

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Discovery Health PartnersCarrick Capital Partners acquires majority stake in Discovery Health Partners
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Discovery welcomes Heather Rodemann as new Vice President of Subrogation Operations

Executive brings track record of subrogation operational excellence

ITASCA, IL (July 24, 2018) — Discovery Health Partners today announced the appointment of Heather Rodemann as its new Vice President of Subrogation Operations. Heather is responsible for directing the company’s Subrogation organization and driving continuous improvement in how the company delivers subrogation services for its clients.

Throughout her career, Heather has established herself as an innovative Subrogation expert. She spent 13 years at Optum, ultimately leading their Subrogation division where she was responsible for a 300-person team across 4 domestic locations and the Philippines, delivering hundreds of millions in recoveries annually for customers.

“Appointing Heather to lead our Subro organization is part of our continued commitment to delivering subrogation service excellence to our customers,” said Discovery’s CEO Jason Brown. “I’m confident Heather’s domain expertise combined with the great Subro team we have in place will enable us to make our Subrogation business the best in the industry.”

“I have a passion for serving customers, understanding what it takes to exceed their expectations, and helping organizations transform their operations in order to deliver profound client value,” commented Heather. “I am thrilled that I have the opportunity to put my passions to work for Discovery.”

 

About Discovery Health Partners

Discovery Health Partners’ mission is to deliver unique, actionable analytic insights and technology-powered solutions to help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies with government programs. For more information, go to DiscoveryHealthPartners.com.

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Discovery Health PartnersDiscovery welcomes Heather Rodemann as new Vice President of Subrogation Operations
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Discovery welcomes Andrew Blackmon as new Chief Revenue Officer

Executive brings experience growing tech-enabled healthcare companies, passion for improving US healthcare

ITASCA, IL (July 18, 2018) – Discovery Health Partners today announced that Andrew Blackmon has joined the company as its new Chief Revenue Officer.

As Discovery’s CRO, Andrew is responsible for cultivating successful, long-term relationships with US healthcare payers and helping to solve their challenges around revenue optimization, payment integrity and complying with regulatory changes.

Throughout his career of over 20 years, Andrew has developed a passion for leveraging technology-centric solutions that improve healthcare administration and transform the healthcare ecosystem.  He comes to Discovery from xG Health Solutions, a spin-out of Geisinger Health, where he served as Chief, Sales and Business Development. Prior to xG, Andrew led the Population Health and Risk Management sales team at McKesson via its acquisition of MedVentive.

“We are very excited to welcome Andrew to the team,” Jason Brown, Discovery CEO, commented. “His vision for how technology-powered solutions can improve the healthcare payer space is very well aligned with Discovery’s overall mission.”

“Andrew brings tremendous industry knowledge and a track record of building superior relationships with prospects and clients,” added Steve Unterberger, Managing Director at Carrick Capital Partners and a member of Discovery’s Board.  “We have the highest confidence that Andrew will play a key role in Discovery’s continued growth and in enhancing our value to clients with our continually expanding solution portfolio.”

About Discovery Health Partners

Discovery Health Partners’ mission is to deliver unique, actionable analytic insights and technology-powered solutions to help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies with government programs. For more information, go to DiscoveryHealthPartners.com.

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Discovery Health PartnersDiscovery welcomes Andrew Blackmon as new Chief Revenue Officer
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Discovery Health Partners celebrates 10th anniversary

ITASCA, IL (July 17, 2018) – Today marks the 10th anniversary for Discovery Health Partners, a leader in payment and revenue integrity solutions for health plans.

Established in July 2008 and then operating from a suburban Chicago public library, Discovery now serves more than 60 health plans across the U.S. The company launched with six employees in 2008 and today employs 206 out of its headquarters in Itasca, IL.

“In the 10 years since it was founded, Discovery Health Partners has honed its expertise in technology-powered healthcare solutions and analytics to build one of the strongest payment and revenue integrity operations in the industry,” said Jason Brown, CEO of Discovery. “For a company to make it this long in such a dynamic industry is something to really celebrate,” he added.

With a client list that includes five of the top 10 largest U.S. health plans, 12 Blues plans, more than 50 Medicare Advantage plans, and numerous regional and community plans, Discovery has been recognized consistently for its growth. The company has earned a spot on the Inc. 5000 list four years in a row and the Crain’s Fast 50 three times.

“I truly feel proud and humbled by all the teamwork, talent, and perseverance of the people I have had the honor of working with these past 10 years,” said Elizabeth Longo, General Counsel and Privacy Officer of Discovery and one of the company’s founding employees. “It is our commitment to teamwork that has enabled us to grow into the strong, dynamic, innovative company that we are today.”

“From our executive offices to our call center to our account management team, and everyone in between, our employees have worked hard to make Discovery Health Partners a great place to work and a valued partner to our clients,” said Brown. “As we’re able to deliver revenue and cost savings to our clients, they are, in turn, able to put those dollars back into programs to help improve their members’ health and lower overall cost of care. That’s what drives our mission to be the best payment integrity and revenue optimization company serving healthcare payers.”

About Discovery Health Partners

Discovery Health Partners’ mission is to deliver unique, actionable analytic insights and technology-powered solutions to help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies with government programs. For more information, go to DiscoveryHealthPartners.com.

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Discovery Health PartnersDiscovery Health Partners celebrates 10th anniversary
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Discovery named to 2018 Crain’s Fast 50 list

ITASCA, IL (June 26, 2018) – Discovery Health Partners today announced they have been named to the Crain’s Fast 50 list of fastest growing companies in the Chicagoland area for the third consecutive year. Discovery offers a range of payment and revenue integrity solutions and serves more than 60 health plans nationally.

“We’re proud to be included on this list of companies that are in growth mode,” said Jason Brown, CEO of Discovery. “This award reinforces that all of us at Discovery are working together, working hard, and working on the right things that create value for our customers and our company.”

Discovery earned a ranking of #48 on the 2018 Fast 50 list, having grown 260.0% over the last five years. The company is one of only four companies that have made the list for a third time.

About Discovery Health Partners

Discovery Health Partners’ mission is to deliver unique, actionable analytic insights and technology-powered solutions to help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies with government programs. For more information, go to DiscoveryHealthPartners.com.

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Discovery Health PartnersDiscovery named to 2018 Crain’s Fast 50 list
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Discovery Health Partners achieves HITRUST CSF® Certification to further mitigate risk in third-party privacy, security, and compliance

HITRUST certification validates Discovery’s commitment to meeting key regulations and protecting sensitive information

 

Itasca, IL – February 7, 2018 – LaunchPoint Corporation’s division Discovery Health Partners, a leading provider of payment and revenue integrity solutions, today announced that it has earned certified status for information security by HITRUST for its Discovery Case Manager, Dashboard and Reports, Secure File Transfer Protocol (SFTP), and Medicare Secondary Payer (MSP) technologies. These technologies drive the use of data across Discovery’s solutions including Medicare Secondary Payer (MSP) Validation, Subrogation, and Coordination of Benefits.

HITRUST CSF Certified status demonstrates that these technologies have met key regulations and industry-defined requirements and are appropriately managing risk. This achievement places Discovery in an elite group of organizations worldwide that have earned this certification. By including federal and state regulations, standards and frameworks, and incorporating a risk-based approach, the HITRUST CSF helps organizations address these challenges through a comprehensive and flexible framework of prescriptive and scalable security controls.

“The healthcare industry is under significant pressure to meet complex compliance requirements for patient privacy and data protection,” said Moe Alkhafaji, Discovery Health Partners’ Chief Information Officer. “In entrusting their data to us, our clients expect a highly secure environment. I am thrilled that we can demonstrate our commitment to meet their needs through our HITRUST CSF certification, the gold standard in our industry.”

“HITRUST has been working with the industry to ensure the appropriate information protection requirements are met when sensitive information is accessed or stored in a cloud environment. By taking the steps necessary to obtain HITRUST CSF Certified status, Discovery Health Partners is distinguished as an organization that people can count on to keep their information safe,” said Ken Vander Wal, Chief Compliance Officer, HITRUST.

 

About Discovery Health Partners

Discovery Health Partners, a division of LaunchPoint, offers payment and revenue integrity solutions that help health payers improve revenue, avoid costs, and enhance the member experience. We offer a unique combination of deep healthcare expertise and analytics-powered technology solutions to help our clients improve operational efficiency, achieve financial integrity, and generate measurable results.

 

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Discovery Health PartnersDiscovery Health Partners achieves HITRUST CSF® Certification to further mitigate risk in third-party privacy, security, and compliance
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LaunchPoint introduces Jason Brown as new CEO

Brings deep healthcare expertise and history of scaling high-growth tech-enabled services companies

 

ITASCA, IL (January 16, 2018) – Discovery Health Partners today announced that Jason Brown has joined the company as Chief Executive Officer and a member of the LaunchPoint Board of Directors. Brown takes over day-to-day leadership from Bruce Simpson, who has retired.

Brown brings deep healthcare experience on the payer and provider sides and a history of scaling high-growth technology and tech-enabled services companies to his new CEO role.

“I have the great fortune to take the helm at a pivotal period of growth for the company, and I am absolutely thrilled to join a team of very talented and dedicated people,” said Brown. “We are committed to continuing to bring innovative technology and analytics solutions to solve our clients’ problems in new and creative ways.”

“The Board and I are ecstatic to welcome Jason. He brings an expert understanding of healthcare and technology, which will help Discovery continue as the market-leading premium restoration solution provider to Medicare Advantage plans and help accelerate our next phase of growth,” commented Terrence Ryan, LaunchPoint Chairman of the Board.

“This executive addition comes at a significant time for Discovery as the company achieved record growth in 2017 and scales to take advantage of a rapidly growing market for healthcare solutions that reduce waste, lessen administrative inefficiencies, and improve revenue,” added Steve Unterberger, Managing Director at Carrick Capital Partners and a LaunchPoint Board member.

Prior to Discovery, Brown was President of Health Plan Services, Market Operations, at Evolent Health (NYSE: EVH), where he was responsible for driving performance, growth, and profitability. Previously, Jason served as President of the Population Health Business for Valence Health prior to its sale to Evolent Health.

Brown is a Phi Beta Kappa graduate of Morehouse College and received an MBA from Harvard Business School.

 

About Discovery Health Partners

Discovery Health Partners, a division of LaunchPoint, offers payment and revenue integrity solutions that help health payers improve revenue, avoid costs, and enhance the member experience.  We offer a unique combination of deep healthcare expertise and analytics-powered technology solutions to help our clients improve operational efficiency, achieve financial integrity, and generate measurable results.

 

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Discovery Health PartnersLaunchPoint introduces Jason Brown as new CEO
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