Salt Lake City, April 16, 2013 — Verisk Health, a global leader in data-driven healthcare solutions, announced the appointment of Larry Gray as president of the company’s Payment Accuracy division. The healthcare industry veteran brings more than three decades of leadership experience and a proven track record in business growth, financial management, customer retention, and value-driven product innovation. In his new role, Gray will lead the strategic direction of Verisk Health’s claims editing and fraud, waste, and abuse solutions.
“Larry’s extensive healthcare and corporate development expertise make him the ideal choice to lead the overall vision and strategy of our Payment Accuracy business unit,” said Joel Portice, president of Verisk Health. “Verisk Health has built a solid foundation for delivering value to the market and driving measureable performance across our business. Larry’s leadership experience and his track record for heading successful product development efforts, improving operational efficiencies, and nurturing talented management teams further strengthen our position as a premier healthcare information technology organization.”
As president of the Verisk Health Payment Accuracy division, Gray will be responsible for driving innovation and performance across the company’s real-time claims editing and prepayment fraud, waste, and abuse solutions. Before joining Verisk Health, Gray played key strategic roles for some of healthcare’s leading organizations, including president of Gray Dynamics, chief operating officer of U.S. Oncology, and president and chief executive officer of FHP of California.
“Healthcare fraud, waste, and abuse schemes are causing the industry billions each year. I’m excited to join a company at the forefront of fighting this growing and disconcerting trend,” said Gray. “Verisk Health is redefining the industry by delivering a convergence of technology, analytics, and human touch expertise that enable payers to organize preemptively against fraud schemes and mitigate significant financial losses. It’s a privilege to be able to join this team and guide it to the next level.”
Public and private payers use Verisk Health’s payment accuracy solutions to improve the efficiency of special investigation units, drive greater cost savings results, and eliminate ineffective pay-and-chase processes.