SALT LAKE CITY, UTAH – October 26, 2009 – HealthCare Insight (HCI), a division of Verisk Health, Inc., and a provider of clinically validated fraud, abuse, and overpayment prevention solutions for private and public-sector payors, announced today the addition of Larry Schor to its executive team as corporate development officer (CDO).
As CDO, Schor will be responsible for identifying and evaluating new strategic opportunities that align with HCI business operations and growth initiatives. In alliance with other senior business leaders he will direct the design, planning, and execution of HCI’s overall business strategy and will be responsible for piloting merger and acquisition strategies.
Schor brings more than 25 years of expertise as a senior executive officer with extensive operations, technical, sales, start-up, and turn-around experience. He is a frequent national speaker, as well as a recognized thought leader and visionary in eHealthcare, informatics, strategic marketing, and business development.
“Possessing a diverse background and understanding of our industry, Larry brings remarkable depth and expertise about the entire health care space to HCI,” said Dr. Barry Johnson, president of HCI. “We are privileged to add another key member to our management team whose high standards and experience will enable us to expand and grow our business through strategic alliances with other quality organizations.”
Schor added, “I'm delighted to join HCI’s senior leadership team at a time when public concern about the cost of health care reform is driving greater market demand for fraud prevention and payment integrity solutions. Acquisitions and development of new market segments, such as Medicaid and Medicare, will be major contributors to HCI’s future growth. I am privileged to be part of this dynamic organization and look forward to leading a successful launch of our corporate development efforts.”
About HealthCare Insight (HCI)
HCI, a division of Verisk Health, Inc., provides private and public-sector health care claims payors (including health plans, managed care organizations, insurance carriers, third-party administrators, Medicaid, and Medicare) with a comprehensive suite of clinically validated fraud and abuse surveillance services designed to maximize claims administration accuracy and minimize payment waste. Each of HCI’s customizable software-as-a-service (SaaS) solutions relies on a unique prepayment process that combines proprietary software systems with detailed review by experienced clinicians (doctors, nurses, and dentists) and investigators on all suspect claims and billing patterns. HCI’s differentiated process enables payors to target fraud with greater efficiency by significantly increasing the quality of results returned.