Healthcare Industry Veteran Brings Extensive Clinical and Analytics Expertise to Leading Big Data Analytics Company
Cleveland, OH — May 28, 2013 — Explorys, the leader in big data-driven healthcare transformation, today announced that Dr. Russell Richmond, CEO of Objective Health, has joined its Board of Directors where he will leverage his expertise as a physician and healthcare technology entrepreneur to provide strategic counsel to the company. Over the past twelve months, Explorys has been experiencing unprecedented growth, adding four new customers to its national network, which currently consists of 14 IDNs, 200 hospitals, and over 100,000 providers.
“Dr. Richmond brings unparalleled healthcare market intelligence to Explorys, which will be essential as we continue to expand the depth of our big data analytics applications to meet the ever-changing needs of delivering smarter healthcare,” stated Stephen McHale, CEO of Explorys. “His specialized experience working with population health and big data analytics companies will be invaluable as we continue to build upon the momentum we have achieved this past year.”
Dr. Richmond has expertise in the healthcare provider market, with a focus on healthcare reform, population health, and risk management. His experience includes building large data-analytics companies such as Objective Health, Verisk Health, and D2Hawkeye, as well as counseling CEO’s of large provider and payor organizations as a management consultant. At Objective Health, Dr. Richmond and his team built the company’s solution for reducing health system’s costs, which impacted over 400 hospitals. Dr. Richmond also led Verisk Health and D2Hawkeye from the early stages into significant subscription revenue businesses. Prior to D2Hawkeye, Dr. Richmond advised health system CEO’s on strategy and operations as a McKinsey consultant, spending nearly six years in McKinsey’s Boston and Detroit offices. Dr. Richmond holds a MD from the University of Cincinnati and a Bachelor of Science in Biology from the University of Michigan.
“Explorys’ innovative Network model and intuitive big data platform are already significantly disrupting the healthcare market, and I am excited to share my expertise in business development and healthcare informatics to provide guidance as the company continues to expand its customer base and solution portfolio,” stated Dr. Russ Richmond. “In the midst of a rapid transformative era in healthcare, Explorys changes the game by enabling organizations to analyze and benchmark clinical, pharmaceutical, financial, and operational data across the largest data compilation in the industry. I look forward to working with other industry experts on the Board to help Explorys extend its leadership position in clinical big data analytics.”
The Explorys Board of Directors currently consists of eight industry professionals, including the company’s CEO, Stephen McHale; Stephen Glass, CFO of Cleveland Clinic; Dr. Andrew D. Firlik, managing partner at Foundation Medical Partners; Steven Lindseth, CEO of YouDocs Beauty, Inc.; Dr. Joe Cunningham, managing director of Santé Ventures; Paul Wallace, managing director of the Heritage Group; and John McHale, Chairman of the Board of BreakingPoint. Together, these distinguished professionals help to maximize future opportunities and ensure Explorys maintains its position as the leader in big data-driven healthcare transformation.
Founded in 2009 as an innovation spinoff from Cleveland Clinic, Explorys provides the healthcare industry’s first secure, cloud-based Enterprise Performance Management (EPM) platform that leverages BIG DATA to transform healthcare. While applying the power of massively-parallel data processing, its comprehensive network enables the nation’s leading provider organizations to more effectively leverage their data to drive value-based care and Population Health Management results utilizing both business and clinical intelligence, and meaningful performance evaluation. The Explorys network is made up of over 100 billion data elements encompassing 40 million patients, 200 hospitals, and 14 major integrated healthcare systems with over 100,000 providers who collectively deliver $46 billion of care annually. Deploying solutions comprised of expert resources and exceptional tools, Explorys unlocks the power of BIG DATA to improve healthcare for everyone. www.explorys.com