VERNON HILLS, Ill., May 4 /PRNewswire/ -- Concuity, Inc., the healthcare industry’s leader in managed care reimbursement, announced today the appointment of John M. Pellettiere as executive vice president and chief operating officer. Concuity also disclosed that it has recently secured $5 Million in funding from Hercules Technology Growth Capital, Inc with a potential of an additional $2 Million. This news comes as part of the firm’s strategic decision to relocate its California-based corporate headquarters to Vernon Hills, Illinois. Concuity’s engineering and non-corporate positions will remain in California.
Mr. Pellettiere joins Concuity with over 20 years of strategic healthcare finance, operations and business development experience. Prior to joining Concuity, Mr. Pellettiere was senior vice president, chief financial officer and treasurer of AbilityOne Corporation. Before AbilityOne, he was senior vice president and chief financial officer of Beltone Electronics. His experience also includes senior management positions with Caremark International and Baxter International.
“This is a very exciting time of growth for Concuity. Mr. Pellettiere is a seasoned healthcare executive who has had a stellar career,” said Robert E. Watson, president and CEO of Concuity, Inc. “John brings with him a diverse array of experience and we look forward to his contribution as we continue our efforts to exceed our client’s revenue reimbursement expectations through operational excellence.”
About Concuity
Concuity, Inc. offers an ASP solution that helps increase hospital revenue by identifying and correcting managed care payer non-compliance issues within the revenue cycle. Founded in 2000 by a group of healthcare industry visionaries, Concuity improves its customers’ bottom lines by delivering technology and service solutions to create and negotiate better contracts, ensure accurate implementation and compliance, and collect what’s owed. Clients include Sutter Health, Stanford Hospitals and Clinics, HealthSouth, Riverside Medical Center, a member of the Rush System for Health, and Providence Health System. Concuity is headquartered in Vernon Hills, Ill., with offices throughout the U.S. For further information about Concuity’s solution, please contact Amy Bergau, marketing director for Concuity, Inc., at 312-217-0546, or visit our Web site at http://www.concuity.com/.
Media Contact: Amy Bergau 312-217-0546 abergau@concuity.com
Concuity, Inc.
CONTACT: Amy Bergau of Concuity, Inc., +1-312-217-0546, orabergau@concuity.com
Web site: http://www.concuity.com/