Published:
Gateway EDI Establishes Independent Board with Industry Veterans
ST. LOUIS - (BUSINESS WIRE) - Gateway EDI, one of the nation's fastest-growing health care revenue
cycle management (RCM) providers, today announced that Ms. Kathleen
Earley (former President and COO of TriZetto Group, Inc.), Ms. Peni
Garber (Partner, ABRY Partners) and Mr. Harry Totonis (President and
CEO, Surescripts) have joined Timothy R. Fogerty, Chairman and CEO, on
the company's Board of Directors. In addition, Mr. Barrett Toan (former
Chairman, Express Scripts, Inc.) has been appointed an Advisor to the
Board.
"Since 1995, Gateway EDI has provided a suite of RCM solutions to
medical providers to help them get paid quickly and accurately for their
service. In order to continue to deliver the best value to our
customers, I'm delighted to have formalized our Board of Directors with
a seasoned team of health care and IT industry veterans," said Tim
Fogerty. "These talented individuals will help shape our strategic
direction and product roadmap while furthering our commitment to
customer service and support."
Today's announcement comes on the heels of several key milestones for
Gateway EDI:
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Gateway EDI now partners with over 350 practice management software
vendors, who recommend its solution to health care providers;
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Over 65,000 health care providers (physicians) use Gateway EDI
services today, comprising 14,000 provider offices in all 50 U.S.
States: a nearly 50% year-over-year increase from September 2008;
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In September 2009, over 13 million health care claims and over 1
million checks were processed electronically via Gateway EDI;
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Gateway EDI successfully introduced a collaborative Reimbursement
Manager product, to ensure that a physician's office is being
reimbursed properly;
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In an industry averaging a 30% claims rejection rate, Gateway EDI has
seen robust growth in membership to its 99 Percent Club, which is
comprised of clients submitting over 200 claims per month
and experiencing an acceptance rate of 99%.
"Gateway EDI is a market leader in the health care clearinghouse space,
offering its customers outstanding products and exceptional service. I
am delighted to be working with Tim and his team as they continue to
help physicians meet reimbursement challenges in this complex health
care environment," said Peni Garber. "ABRY has several portfolio
investments in the health care information space, and I look forward to
lending my experiences and collaborating with this accomplished Board of
Directors."
The Gateway EDI Board of Directors additions are:
Kathleen Earley, former President and COO, TriZetto Group, Inc.
Kathleen Earley was President and COO of TriZetto Group, Inc. until that
company was bought by Apax Partners, a private equity company, for $1.4
billion. Before that, Ms. Earley was with AT&T Corporation, where she
served as Senior Vice President of Enterprise Networking and Chief
Marketing Officer. Prior to AT&T, Ms. Earley spent 17 years with IBM.
She serves as a Director of two public companies: Switch & Data
Facilities Company and Digital Realty Trust, Inc. Ms. Earley earned BS
and MBA degrees from the University of California, Berkeley.
Peni Garber, Partner, ABRY Partners
Peni Garber joined ABRY Partners, a leading private investment firm, in
1990. She is co-head of ABRY's mezzanine/senior equity effort with
responsibility for sourcing and leading transactions. Representative
investments include Commonwealth Business Media, Dolan Media, Education
Media (Houghton Mifflin Harcourt), Healthport, Orion HealthCorp, and
Gateway EDI. Prior to joining ABRY, Ms. Garber was with
PricewaterhouseCoopers. She is a summa cum laude graduate of Bryant
College.
Harry Totonis, CEO, Surescripts
Harry Totonis is President and CEO of Surescripts. Before that, he was
head of Advisors Services at MasterCard, the professional and
information services arm of MasterCard Worldwide. Earlier, Mr. Totonis
was Senior Partner with Booz Allen Hamilton. During his 14 year career
he focused on strategy consulting for global companies. He also served
in several executive positions, including Managing Partner of the firm's
global banking and insurance practice and as a member of the firm's
executive leadership team. He earned a degree in Computer Science from
The Ohio State University and an MBA in Finance from Fisher College.
In addition to these strategic additions to Gateway EDI's Board of
Directors, the company has named Mr. Barrett Toan as an advisor to the
Board:
Mr. Barrett Toan, CEO, Express Scripts, Inc. (retired)
Barrett Toan joined Express Scripts, Inc. in 1989. He was named
President in 1990 and CEO in 1992. Mr. Toan was Chairman of the Board
from 2000 until 2006 and remained the CEO until his retirement in 2005.
Previously, he worked in various state government positions in Arkansas,
was Commissioner of Social Services in the Missouri Department of Social
Services and later moved into the private sector, launching Sanus Health
Plan of St. Louis in 1985 which he took public as Gencare. Mr. Toan is a
Director for the St. Louis Art Museum and the Missouri Botanical Garden
and serves on the boards of Genworth Financial Corporation (NYSE: GNW)
and Sigma-Aldrich Corporation (NASDAQ: SIAL). He received his masters in
Public Administration from the Wharton School of Finance at the
University of Pennsylvania and holds an AB from Kenyon College.
About Gateway EDI
Gateway EDI, one of the nation's largest health care electronic data
interchange (EDI) providers, takes responsibility for its clients'
revenue cycle from patient to payment. The company's powerful software
tools combined with its experienced customer service team, offer the
industry the best solutions for revenue cycle management.
Year after year, Gateway EDI boasts unusually high performance and
operational standards. Ninety-eight percent of all customer calls are
answered in person with a 92 percent instant resolution. Based in St.
Louis, the privately-held firm maintains full accreditation by the
Electronic Healthcare Network Accreditation Commission (EHNAC), an
industry endorsement for excellence in industry standards and best
practices. For more information, please visit www.gatewayedi.com.
Gateway EDI
Michelle Llewellyn, 314-802-6701
Director,
Marketing
mllewellyn@gatewayedi.com
or
Schwartz
Communications
Shweta Agarwal, 781-684-0770
gatewayedi@schwartz-pr.com
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