PatientFocus, a Nashville-based medical billing company, has named healthcare entrepreneur Philip Hertik and investor Lucius E. Burch IV to its board. Hertik is the retired chairman and CEO of Windsor Health Group. Burch is the manager of Burch House G.P. and Burch House II G.P., two family partnerships.
Medical billing company PatientFocus today announced that healthcare entrepreneur Philip Hertik and veteran venture capital investor Lucius E. Burch, IV, have joined the company’s board of directors. Serving as an outsourced extension of the healthcare billing office, PatientFocus provides full-service patient-pay account management (payments due after insurance and before bad debt) to hospitals, physician groups and other providers across the country.
Hertik and Burch join a PatientFocus board already comprised of well-known healthcare executives and medical experts, including: Jim Lackey, founder and former CEO of Passport Health Communications and current CEO of EnableComp; Luke Simons, former managing partner of J.C. Bradford & Co.; and Dr. Rand Frederiksen, a cardiologist with more than 40 years of experience as a healthcare provider and managing partner for his physician practice group.
“We are honored that Phil Hertik and Lucius Burch, IV, are joining our board, and we appreciate their confidence in PatientFocus. Our clients, revenues and employees tripled during 2012. Their experience will be invaluable in helping us manage our growth while expanding our national footprint,” said David E. Frederiksen, PatientFocus founder and CEO.
PatientFocus, formerly known as PatientCredit, was launched in 2010 by David Frederiksen and Evan Austill, PatientFocus COO and fellow Vanderbilt University MBA graduate. The company’s customers now span more than 50 client sites in nine states. Current clients include leading national healthcare corporations Anesthesia Medical Group, e+CancerCare and Optimal Radiology. To support its rapid growth, PatientFocus recently announced the move of its corporate headquarters to new offices in downtown Nashville.
About Philip Hertik
Philip Hertik is the retired chairman and CEO of Windsor Health Group, Inc., which was sold to global insurer Munich Re in 2010. Windsor currently owns and operates Windsor Health Plan, Inc., a southeast regional managed healthcare plan serving Medicare Advantage enrollees, and Windsor HomeCare Network, a specialty managed care company which organizes and manages networks of home healthcare providers. Prior to founding Windsor, Hertik was chairman and CEO of Coventry Corporation (now Coventry Health Care), a publicly-traded regional managed care and insurance organization. Before joining Coventry, he served in senior executive capacities for Preferred Care and HealthAmerica, both managed care companies. Hertik is a certified public accountant and holds a master’s degree in accounting and a bachelor’s degree in economics from the State University of New York.
About Lucius Burch, IV
Lucius E. Burch, IV, is the manager of Burch House G.P. and Burch House II G.P., two family partnerships primarily investing in direct venture capital deals for Burch Investment Group. He has more than twenty years of venture capital investing experience specializing in information technology, communications, business services and healthcare services. Prior to joining Burch Investments in 2008, he was a partner with Massey Burch Capital Corp. and an associate at Massey Burch Investment Group prior to Massey Burch Capital Corp. Burch previously worked with Prudential Bache Capital Funding in its corporate finance group focusing primarily on healthcare. He holds a BBA in finance and business administration from Belmont University.
Located in Nashville, PatientFocus is a medical billing company focused exclusively on self-pay and patient-pay accounts after insurance and before bad debt collections. PatientFocus functions as an outsourced extension of its clients’ billing office, providing every patient flexible, interest-free payment options without a credit check. PatientFocus manages 100 percent of patient communications, including statements, inbound and outbound telephone follow-up, and online payment options.