Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
SOURCE AMC Health
Senior financial executive will help telehealth innovator enhance financial operations and accelerate growth
NEW YORK, May 22, 2014 /PRNewswire/ -- In yet another sign of the company's continuing growth and market leadership in developing innovative end-to-end telehealth solutions, AMC Health today announced that Walter D. Hosp has been appointed to the newly created position of Chief Financial Officer, starting on July 7, 2014. During his 25 years of experience in multiple industries, Mr. Hosp has led all aspects of financial and administrative management, including spearheading strategies to secure the highest financial return on capital; optimizing financial and business workflow processes; and analyzing, negotiating and integrating new business opportunities.
Hiring Mr. Hosp further demonstrates AMC Health's commitment to enhancing the strength of its senior management team as well as the company overall. His broad-based expertise includes control, treasury, planning and analysis, corporate development, investor relations, information technology, legal, risk management, compliance and human resource functions. This will help AMC Health enhance its financial operations to accommodate the company's continued growth, which is being fueled by the escalating need for the company's proven telehealth solutions in the emerging value-based healthcare delivery system.
Mr. Hosp's many accomplishments include directing more than $20 billion in various financing transactions, managing more than 25 merger and acquisition transactions and building several innovative financial organizations. He currently serves as a Director and Chair of the Audit Committee for the Trustwave Holdings, Inc. Board and was formerly on the boards of Bostwick Laboratories, Inc., Hexcel Corporation and the United Way of Westchester and Putnam Counties where he served as Chairman of the Board.
The healthcare industry veteran comes to AMC Health after serving seven years as Executive Vice President, CFO and Chief Administrative Officer of HMS Holdings Corporation, a publicly traded leader in cost-containment solutions for government and private healthcare payers. During his tenure as CFO, revenues more than tripled from approximately $150 million to $500 million, and he managed the acquisition of seven companies.
Previously, Mr. Hosp spent five years as Vice President and Treasurer of Medco Health Solutions, Inc. (now Express Scripts), then a $38 billion publicly traded company and the largest pharmaceutical benefits manager in the U.S. He led the financing activities for the spin-off of Medco from Merck & Co. and the acquisition of Accredo Health. His extensive resume also includes six years as CFO and President of the Business Support Center at CIBA Specialty Chemicals Corporation (now BASF Corporation), as well as six years as Vice President and Treasurer of CIBA-Geigy Corporation (now Novartis Corporation), a U.S. subsidiary of an $18 billion pharmaceutical, agricultural chemicals and specialty chemicals company.
"AMC Health is at the forefront of a revolution in the way healthcare is delivered," said Nesim Bildirici, President and CEO of AMC Health. "We have the opportunity to make a difference in the health and lives of millions of Americans and their families. Adding Walter to our executive team ensures we have the financial acuity that will allow us to take full advantage of all the opportunities before us. Attracting a CFO of Walter's caliber and accomplishments demonstrates the strength of our business and financial position, and shows that AMC Health is poised for explosive growth over the next few years. We are delighted to welcome him to the team."
"As the transformation of the healthcare delivery system evolves, ACOs, health systems, hospitals, payers and other healthcare organizations are increasingly recognizing that AMC Health's telehealth solutions can improve their clinical and financial outcomes by addressing traditional gaps in care, engaging patients and providing the monitoring, care and interventions needed to eliminate preventable emergency department visits and hospitalizations," said Walter Hosp.
He continued, " AMC Health is also a pioneer in re-inventing clinical trials by introducing e-visits and remote monitoring for costly and often inconvenient in-person site visits. By eliminating many of the obstacles that inhibit enrollment or cause patients to drop out of clinical studies, AMC Health can substantially improve patient recruitment and retention, safety and data quality while reducing costs and time to market. This is clearly a company on the move that believes in developing forward-looking applications. I look forward to working with the management team to take advantage of the vast array of growth opportunities."
Mr. Hosp received his master's of business administration degree in finance from New York University (NYU) Graduate School of Business. He graduated Magna Cum Laude with a bachelor's degree in finance/economics from NYU, and he earned an associate degree in business administration from the State University of New York at Farmingdale.
For photo of Mr. Hosp, please click here.
About AMC Health
Headquartered in New York City, AMC Health is a leading provider of telehealth solutions that provide customized, scalable, cost-effective programs that assist organizations serving at-risk populations and those conducting clinical trials. A proven combination of technology and end-to-end support services enables safe, dependable monitoring at home. AMC Health's remote patient monitoring programs deliver clinically actionable information that enhances care coordination, improves patient outcomes, improves the quality and reduces the cost of clinical trials, and reduces the overall cost of healthcare. For more information, visit www.amchealth.com.
Contact: Jan Shulman
Amendola Communications for AMC Health
480-664-8412 ext. 12
©2012 PR Newswire. All Rights Reserved.