AURORA, Ill., May 17, 2011 /PRNewswire/ -- UMC, Inc. (UMCN:
PK), a provider of revenue cycle management solutions to hospitals,
physician group practices, clinics, and other healthcare providers,
formally announces today the appointments of Patrick B. Gough as chief operating officer and
James ("Jim") Beutel as chief sales and marketing officer.
Gough, a thirty (30) year veteran of the ARM industry, will
oversee the Company's day-to-day operations including its
wholly-owned subsidiary, UMC Healthcare Solutions, L.L.C. He
reports to Danniel E. Stevens,
chairman, president, and chief executive officer. Prior to
joining UMC, Inc., Gough served as an independent consultant to two
ARM firms. Gough's notable accomplishments as a consultant
include assisting a client in saving more than $900,000 per year stemming from resolving many
consumer attorney complaints and increasing client placements over
300% through improved performance strategies. Previously,
Gough was executive vice president, chief operating officer, and
part owner of Credit Bureau Accounts, Inc. (CBA) where he played a
critical role in growing the company from a 47-person local entity
into a 225-person national company, increasing the enterprise value
of the organization 375% over the subsequent five-year period.
This achievement led to a top 50 Nielsen rating in the U.S.
and the successful sale of CBA to Convergent Resources, Inc.
His invaluable experience will aid the Company and its
subsidiaries in its efforts to profitably grow its healthcare
services, process outsourcing business, and will aid in introducing
other accounts receivable and revenue cycle management service
offerings to the healthcare marketplace.
Beutel, a thirty-five (35) year sales and marketing executive
with demonstrated successes in building and managing multi-million
dollar sales operations, has recently joined UMC as chief sales and
marketing officer. He will also report to Mr. Stevens.
Beutel will be responsible for overseeing and accelerating
the Company's revenues and client base growth by successfully
developing and fostering relationships among an extensive network
of agents, clients, and other service partners for the
proliferation of UMC Healthcare Solutions' entire revenue cycle
service offerings. Additionally, Beutel will be responsible
for identifying products and services which assist UMC, Inc. and
its affiliates in developing a sustainable competitive market
advantage. Over his distinguished career, Beutel has sold in
excess of $600 million in revenue
cycle management products and services to healthcare providers.
He has held senior management positions at such companies as:
National Healthcare Payer Networks, Sun Capital Healthcare, West
Asset Management, and most recently, the position of vice president
of sales for Kadent Corporation.
"These two important additions to the Company's executive team
reflect our ongoing commitment to develop and deliver solutions to
address the critical challenges affecting of our customers," said
Danniel E. Stevens, president and
chief executive officer. "I am delighted to welcome Patrick and Jim
to UMC, Inc. and I look forward to their contributions in
strengthening our value proposition and driving innovation in our
healthcare markets."
Along with Stevens, Gough and Beutel, Cleston Lord, the company's corporate secretary,
serves as legal adviser to the Company.
About UMC, Inc.
UMC, Inc., through its subsidiaries and affiliates, provides
e-commerce software solutions, extended business office, and
traditional collection services to the healthcare industry.
For more information, visit www.umchealthcare.com.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and
unknown risks that may cause UMC, Inc.'s performance to differ
materially. Such risks include, without limitation: changes
in trends in the financial services industry; our ability to
compete successfully with competitors in the market; our ability to
maintain client contracts or to enter into new contracts;
uncertainties related to future incentive payments; and, our
ability to operate successfully in new lines of business.
SOURCE UMC, Inc.