Thomas W. Butts Joins ZirMed as CEO Former GE Healthcare Executive to Lead Louisville-based Revenue Cycle Management Solution Company

LOUISVILLE, Ky., Aug. 3, 2011 /PRNewswire/ -- ZirMed, a leading provider of software-as-a-service based revenue cycle management solutions, today announced the addition of Thomas W. Butts as its new President and CEO.  Mr. Butts brings more than 27 years of experience in the healthcare technology industry and has served in roles including General Manager of GE Healthcare, President and Chief Operating Officer of IDX Systems Corporation, and CEO of Optos, Plc.  In addition to serving as the President and CEO, Mr. Butts will also serve as a member of ZirMed's Board of Directors.  

"ZirMed is leading a wave of healthcare information technology companies capitalizing on the opportunities to transform the delivery of medical services in the US," commented Doug Leone, a member of ZirMed's Board of Directors and partner with Sequoia Capital.  "Tom's history of success and deep market knowledge are remarkable, and we eagerly anticipate his contributions as ZirMed continues to grow and expand."

ZirMed, which provides technology solutions to improve administrative and payment processes for healthcare businesses, has been regularly recognized as one of the fastest growing private companies in the nation and has routinely garnered top marks in independent industry reviews.  "ZirMed is an exciting company competing in an arena that is rife with opportunity, and I'm looking forward to building upon ZirMed's history of success," said Mr. Butts.  

Mr. Butts is replacing Jerry Merritt, ZirMed's former President and CEO, who has stepped down from the position for personal reasons. "I am proud of the exceptional team assembled at ZirMed, and I would like to extend my sincere appreciation to all those individuals who contributed to ZirMed's success during my tenure" said Mr. Merritt.  "We thank Jerry for his many years of service, and we wish him well in his future endeavors," said Dr. Stratton Warden, Chairman of ZirMed's Board of Directors.  

About ZirMed  

ZirMed is a nationally recognized leader in delivering revenue cycle management solutions to healthcare providers, serving more than 100,000 healthcare providers.  ZirMed leverages the power of technology to cure administrative burdens and increase cash flow, enabling providers to not just survive but thrive.  ZirMed solutions include eligibility verification, credit/debit card processing, check processing, claims management, coding compliancy and reimbursement management, electronic remittance advice, patient statements, patient e-commerce solutions, and lock box services.  ZirMed is ranked among Inc. magazine's 500/5000 fastest growing companies and Healthcare Informatics magazine's Top 100 companies.  For more information about ZirMed, visit www.zirmed.com.

About Sequoia Capital

Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into enduring companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba Networks, Tony Hsieh of Zappos, Omar Hamoui of AdMob, Steve Streit of Green Dot and Reid Hoffman and Jeff Weiner of LinkedIn. To learn more about Sequoia Capital visit www.sequoiacap.com.

SOURCE ZirMed



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