SOUTHFIELD, Mich., Feb. 8, 2016 /PRNewswire/ -- David Farbman, CEO of HealthRise Solutions, announced today the inaugural members of the HealthRise Advisory Board. Joining the board in February are Florine Mark, David Victor, Rich Helppie, Andrew Echt and David Madgy. The Advisory Board will be a source of objective advice and insight for the revenue cycle improvement company, bringing a diverse blend of experience, knowledge and industry expertise.
"There comes a moment in every company's growth when an influx of experts is a game changer," said David Farbman. "This board is a powerhouse that will help drive HealthRise to achieve greater success for our partners in lifting revenue and improving revenue cycle operations throughout the country."
In 2012, Farbman co-founded HealthRise Solutions with Peter Davis, CEO of Impact Management Services, and Oakwood Healthcare (now a part of Beaumont Health). The HealthRise team worked hand-in-hand with Oakwood's existing revenue cycle team to substantially lift revenue at the $1.2B health system. HealthRise currently works with several major hospital systems totaling approximately $5 billion in net patient revenue. The company also has several near term engagements and is poised to grow rapidly in the times ahead.
On joining the HealthRise Advisory Board, David Victor commented, "In today's challenging healthcare environment, providers ensuring they're paid for all services rendered is no longer a 'nice to do' it's a 'must do.' This isn't just a key component of fiscal health for healthcare organizations, it's now an important piece of the national healthcare affordability puzzle. HealthRise is an entrepreneurial company wholly devoted to this mission with professionals who are passionate, smart, hardworking and dedicated to maximizing their clients' revenue cycle success. And HealthRise's successes to date have been profound, not marginal, and they're just getting started. I'm excited to be involved with a Michigan-based company positioned to have such important impact."
Richard Helppie added, "Payment systems in healthcare are undergoing change. HealthRise understands how to meet this challenge." Dr. David Madgy said, "With every regulatory change and industry shift, healthcare billing and collecting gets more complicated. HealthRise has demonstrated that they are ahead of the curve on these changes, allowing hospitals to focus on what they do best: treat patients."
"I have had the great opportunity to work with David and the Farbman family on many Detroit community efforts for the last 15 years. I am extremely proud of the business and philanthropic leadership David is carrying forth in forging such a positive difference for Detroit's growth, enhancing the local health care system, and providing exciting job and career opportunities for a significant cadre of Detroit young professionals. I look forward to facilitating David's momentum and help maximize business success in order to achieve the collective vision of enhancing Detroit's overall vitality," said Andrew Echt.
The 2016 members of the HealthRise Advisory Board are:
Florine Mark, President and CEO of The WW Group, Inc., based in Farmington Hills, Michigan. For more than 30 years, Florine has used her knowledge, influence, energy and resources to help people help themselves. Florine is the leading U.S. franchise holder of Weight Watchers International. The WW Group, Inc. is an internationally recognized weight loss enterprise; Oprah Winfrey recently acquired 10% of the company.
David Victor, President and CEO, American Educational Institute, a national, accredited sponsor of continuing education for physicians, dentists, attorneys and affiliated healthcare professionals. He is the past national president of AIPAC and is currently on the national board of directors.
Richard Helppie, founder and managing partner of Vineyard Capital Group, LLC and co-founder of Santa Rosa Consulting Inc. in 2007 and serves as its chairman and Chief Executive Officer.
Andrew Echt, COO of Arbor Investments and Director of Applebaum Family Philanthropy. He was formerly the Chief Financial Resource Development Officer of the Jewish Federation of Metropolitan Detroit.
Dr. David Madgy, Chief of the Otolaryngology department at Detroit Medical Center, is among the attending staff at Providence Hospital and William Beaumont Hospital and is a professor of Otolaryngology at Michigan State University.
HealthRise Solutions is an end-to-end revenue cycle improvement company headquartered in Southfield, Michigan, dedicated to achieving sustainable lift for health care systems.
SOURCE HealthRise Solutions