COLUMBUS, Ohio, Dec. 15, 2016 /PRNewswire/ -- Quantum Health today announced that Michael Formica has been named Executive Vice President of Sales, effective January 1, 2017. In the past year, Formica was instrumental in adding several marquee clients in the large and jumbo group market, which led to Quantum Health's highest increase in enrollment in its history at a 45 percent year-over-year growth.
"Michael has over 20 years of experience in the healthcare and human resource industries," says Kara Trott, Founder and Chief Executive Officer of Quantum Health. "He has a deep understanding of building and deploying successful sales teams. He has proven to be an exceptional leader, a strong contributor, and we're absolutely thrilled he has accepted this new challenge. I have every confidence he will lead our organization to even greater success."
Formica joined Quantum Health in 2013 as Senior Vice President of Sales. As the leader of both the regional and national sales teams, Formica worked closely with the executive and marketing teams to develop business goals and implement sales and communication strategies.
Formica earned his Bachelor of Science in Business Administration from Northeastern University in Boston, Massachusetts.
Jim Stark, Executive Vice President of Sales since 2008, will be stepping down after 45 years in the healthcare industry. Over the last nine years, Stark has played an integral role in building the sales infrastructure for Quantum Health, including successfully deploying its national sales efforts after incubation of the company's innovative consumer healthcare navigation model.
"Under Jim's leadership, we've grown by nearly 900 percent with a sustained average annual growth rate of 30 percent," says Trott. "Those are some astounding statistics. Jim's contributions to our organization's growth have been absolutely invaluable. I know that Jim is ready to spend more time with his family and enjoy his vacation home in Tahoe, and we're excited that he will continue to serve Quantum Health in the role of Senior Vice President of Payer Relations."
About Quantum Health
Quantum Health is an award-winning consumer healthcare navigation company that delivers an unparalleled consumer experience based on empathy and trust, enabling employers to achieve industry-leading satisfaction rates and independently validated claim savings. Launched in 1999, Quantum Health's model is based on years of consumer research and the insights learned from guiding millions of consumers and their providers through their healthcare journey. Based in Columbus, Ohio, Quantum Health has earned numerous awards and honors, including being named a Fastest-Growing Privately Held Company for the past nine years by Inc. 5000; one of the 50 Fastest-Growing Women-Owned/Led Companies for the past four years by the Women Presidents' Organization; a Best Place to Work for the past 10 years by Columbus Business First; and a Great Place to Work® Best Small & Medium Workplaces by FORTUNE Magazine and Entrepreneur Magazine. Learn more at Quantum-Health.com, and connect with us on Twitter (@QuantumHealth1), and LinkedIn (Company: Quantum Health).
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SOURCE Quantum Health