BEDMINSTER, N.J. & ATLANTA--(BUSINESS WIRE)--The newly formed company created by the recent merger of Premier Healthcare Exchange (“PHX”), Stratose, GlobalCare and Pay-Plus® Solutions (“PPS”) announced today the appointment of Douglas E. Klinger as Chief Executive Officer.
Mr. Klinger is an accomplished executive and proven business builder with over 25 years of experience working with leading companies in the healthcare, technology and financial services industries, most recently as President of Sears Holdings Health and Wellness Solutions. Previously, Mr. Klinger was President of Monster North America, a diversified group of internet media and software companies, President of CIGNA Health Services, a $6 Billion revenue group of diversified healthcare services companies, and Chief Executive Officer of CIGNA Dental Health, the #1 dental insurer in the US with over 13 million members and over $1 Billion of revenue. Mr. Klinger began his career in leadership roles at PNC Institutional Management and PNC Corporate Banking.
“We are thrilled to have Doug on board as Chief Executive Officer” said Dave Ament, Managing Partner of Parthenon Capital Partners, a leading private equity firm and investor in the combined company. “Doug’s executive qualities and experience in healthcare and technology make him a perfect match to lead the transformation of these four strong companies into a dominant provider of healthcare value management with unmatched technology and customer service. We look forward to announcing additional business building milestones in the near future, including the launch of a combined company brand in the second quarter.”
“Our newly-formed company is well-positioned to be the industry leader in healthcare value management with market-leading positions in network management, claims integrity and payment remittance solutions for healthcare payors” said Doug Klinger. “I look forward to supporting our expert teams with delivering consistently superior quality and value to payors, providers and patients while helping to improve the efficiency and effectiveness of our country’s healthcare system.”
About the Combined Companies
PHX, Stratose, PPS and GlobalCare merged their respective organizations in January 2016, creating the next generation company in claims cost containment and healthcare value management. The merger brought four best-in-breed companies, each with leading technology solutions, together to form an end-to-end solution to address the ever changing needs of the healthcare community. The combined company offers a powerful, unique technology solution to address the broad claims cost containment and value management needs of healthcare payors including large and medium-sized health plans, TPAs, providers and patients. Combined, the four organizations provide a comprehensive array of network management, claims integrity, payment remittance solutions and analytical services for medical, dental and workers’ compensation claims to over 500 payor clients. In addition, the combined company delivers electronic payments and explanation of payments to over 180,000 healthcare providers and serves patients with provider lookup and medical referral services. The combined company is a leader in new product innovation and technology development with a long track record addressing the complex needs of the healthcare community.