GREENWOOD VILLAGE, Colo., Dec. 19, 2017 /PRNewswire/ -- In a move that signals the company's focus on building an aggressive financial apparatus in 2018, Recondo Technology, the market leader in cloud-based single-platform revenue cycle management solutions, has brought in Craig Niemiec as the company's new chief financial officer. Niemiec brings decades of accomplishments acquired from financial leadership positions at companies like McKesson Technology, ALLTEL, and Electronic Data Services, and specializes in building teams that relentlessly drive topline growth and cost reductions.
For the past six years, Niemiec has also been a sought after financial executive for private equity entities, lending his strategic expertise to CFO roles at AxisPoint Health and IMD-Soft.
"Craig Niemiec brings an exciting blend of health IT financial leadership and corporate scale experience to the Recondo executive team. With Recondo finishing our second year in a row of back-to-back 40 percent growth, Craig is that rare CFO who can put sound and consistent business processes in place to support this dynamic momentum. I couldn't be happier to welcome Craig to the Recondo team," said Jay Deady, Recondo CEO.
A results-driven financial leader
Niemiec brings significant expertise in strategically leading financial operations at technology companies, including those in the healthcare IT sector.
During almost a decade at McKesson Technology, Niemiec helped drive business growth of the company from $1 billion in revenues and flat earnings to over $3 billion, creating operating margins of near 12 percent. Additionally, he performed financial due diligence and integration for numerous acquisitions totaling over $2.5 billion.
At ALLTEL, he directed all CFO functions including finance, accounting, tax, management reporting, forecasting and mergers and acquisitions. He successfully drove cost reductions, including a consolidation of professional services that resulted in $15 million in savings.
Most recently, Niemiec applied his expertise to private equity-helmed companies, serving as CFO and helping to steer the carve out and related building of a stand alone business and related infrastructure; and as CFO for international clinical software and services company IMDSoft, where he was instrumental in establishing the "go forward global strategy" for the business.
"Over the course of my career as a financial executive, I've seen up close the true picture of a company's market viability and financial health. That's one of the reasons I'm really looking forward to joining Recondo Technology. Even during one of the most tumultuous years for national healthcare policy, the company has achieved 40 percent growth, added some of the most well-known hospitals in the country as customers, and launched innovative new solutions that bring artificial intelligence technologies like machine learning and natural language processing that improve the hospital's revenue cycle management," Niemiec stated.
He added, "In short, Recondo is in an enviable position for 2018. I'm thrilled to be joining an outstanding leadership team and looking forward to a very exciting year ahead."
A photo of Craig Niemiec can be downloaded here.
About Recondo Technology
Recondo's cloud-based solutions deliver industry leading automated, accurate, and actionable financial clarity to all participants within the healthcare revenue cycle. Recognized by Black Book Research as one of the top three leaders in revenue cycle management software, Recondo empowers more than 900 hospitals with solutions that connect providers, payers, and patients to ensure proper payments across the care continuum. The company's patented software and expertise streamline operations and allow providers to be paid more, faster, and at a cheaper cost. Recondo brings efficiencies and cost savings to patient access through to payment processing—a continuum today where inaccuracy and inefficiencies currently cost U.S. healthcare a staggering $480 billion per year. Learn more at www.recondotech.com.
Amendola Communications for Recondo
SOURCE Recondo Technology