Phoenix, AZ, May 16, 2012 – Adreima, a national provider of outsourced healthcare revenue cycle management (RCM) services, today announced that Bob Wilhelm has been named Chief Executive Officer, effective May 7. Wilhelm has more than 15 years of healthcare executive experience, including most recently as a division president for The TriZetto Group, a leading technology and service solutions provider to the healthcare market.
Adreima, a portfolio company of Waud Capital Partners (WCP), is a leading healthcare RCM company, combining Medicaid expertise with a clinically integrated suite of patient access and reimbursement solutions, including eligibility, denials prevention/management and accounts receivable management services, to more than 100 hospital clients in 16 states.
"Adreima is poised for continued, rapid growth, and I'm excited and honored to be a part of a company that offers a broad array of revenue cycle products," said Wilhelm. "Adreima's services have created measurable value for its hospital clients, and the company is well-positioned to expand the services provided to these hospitals and increase the number of clients served nationwide."
Wilhelm joins Adreima from TriZetto, where he served as President, Provider Market, focusing on that company's revenue cycle solutions. Prior to TriZetto, Wilhelm was an executive with Cerner Corporation responsible for the Asia Pacific market.
Wilhelm succeeds Connie Perez, who has been named President of Adreima and who will focus on ensuring that client priorities, values and experiences remain core to the company's operations.
"Through acquisitions and organic growth, Adreima has more than quadrupled in size over the last three years. We value Connie's leadership during this period and are proud of the culture she established. Bob's leadership roles and executive experience in larger organizations will allow Adreima to maintain its growth trajectory while continuing to deliver outstanding results for its clients," said David Neighbours, Partner at WCP.
Headquartered in Phoenix, Adreima is a leading healthcare revenue cycle management company combining Medicaid expertise with a clinically integrated suite of patient access and reimbursement solutions, including eligibility, denials prevention/management and accounts receivable management services, to more than 100 hospital clients in 16 states across the U.S. Adreima was acquired by Waud Capital Partners in August 2008.
For additional information on Adreima, visit www.adreima.com.
About Waud Capital Partners
Waud Capital Partners is a private equity investment firm founded in 1993 that partners with exceptional management teams to invest in middle-market growth equity investments, buyouts, industry consolidations and recapitalizations. The firm seeks to invest $10 million to $100 million in private companies in the following four areas: healthcare services, business and consumer services, specialty distribution and value-added industrial businesses. Typically, the companies in which WCP invests have enterprise values between $30 million and $300 million. The firm has completed more than 100 acquisitions since its founding and currently has approximately $1 billion of capital under management.
For additional information on WCP, visit the firm's website at www.waudcapital.com.
For Further Information:
David Neighbours, Partner
Waud Capital Partners
Bob Wilhelm, Chief Executive Officer
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