NEW YORK--(BUSINESS WIRE)--Spencer Young, SVP of Operations and Client Development became the CEO of NYCHSRO/MEDREVIEW, Inc., a health review organization, on April 1. He replaces Joseph Stamm, who served for 36 years as President and CEO.
Mr. Young’s vision for the future includes aims of operational excellence and efficiency, strengthening client relationships and expanding the client base. “I want to continue the growth trajectory that we have had for several years,” said Mr. Young. “We are looking for organic growth by expanding our claims audit and review offerings to our base. Then we plan to increase that base through expanded services.”
“The outstanding work to deploy the latest technological advances to our infrastructure and create industry-leading workflows has paid off in our ability to scale quickly while improving the quality of our audits,” added Young. “The recent launch of a dedicated Customer Service Department to handle audit status queries, medical records requests, and others, frees our account managers to focus solely on the client. I have very big shoes to fill and expectations to meet. I am going to do my best to do both.”
Mr. Stamm, who was with the firm for 45 years, is a new board member, former CEO and present consultant to the company. “I want to acknowledge everyone who helped establish this review organization as one of the most successful in New York and nationwide,” said Mr. Stamm. “I look forward to working with the Board to ensure a seamless transition, and I have every confidence that Spencer Young, our expanding executive team, and our excellent staff all together will not only ensure our continued growth but will far surpass our historic achievements.”
Key achievements under Mr. Stamm’s leadership include:
- Founding of MedReview Inc., the for-profit counterpart of NYCHSRO in 1984
- Expanding business as a health review organization to 50 states and U.S. territories
- Achieving accreditation of URAC and certification of HITRUST
- Launching a 24-hour Prior Authorization call center
Mr. Stamm also negotiated ongoing contracts with one of the largest labor-management funds in the nation, New York City’s Office of Labor Relations and Human Resources Administration, and since 2009, a national rollout of all lines of business for one of America’s largest healthcare insurers.
Board Chairman Norman B. Medow, MD, also spoke about the firm’s once-in-a-half-century transition and its newest Board member.
“Joe Stamm is stepping down but not leaving us, and he leaves the organization in able hands,” Dr. Medow said. “Spencer Young takes the helm with the Board's robust support. We are fully confident that the former and current CEO will each carry out their new roles with continued success and to the benefit of the entire company.”
MedReview’s exceptional integration of medical expertise with business intelligence developed through 45 years in the field of claims audit and review is the cornerstone of this organization’s state-of-the-art operational efficiency and effectiveness on behalf of its clients. What we do is not just a business; it is a mission.
In support of these efforts to ensure fair and accurate billing and payment to clients and providers while also monitoring the quality of care provided, MedReview has sought and won both HITRUST certification since 2018 as well as URAC accreditation as an Independent Review Organization (IRO) and a Health Utilization Management (HUM) organization since 2012.