POWELL, Ohio, May 5 /PRNewswire/ -- Click4Care, Inc. has elected Albert S. Waxman, PhD, as its Chairman, effective April 2. Dr. Waxman, founder of Psilos Group and a visionary entrepreneur and investor in healthcare services and technologies, brings with him extensive expertise in healthcare product, service, and company development.
In this role, Dr. Waxman will participate in directing strategy, vision, and operations, as well as facilitating business relationships, said Click4Care president and CEO David Blauer. The Click4Care board chose Waxman for his successful work as a "value-added venture capitalist," decades of industry expertise, and financial acumen.
Dr. Waxman's election marks the next stage in his relationship with Click4Care, which began with a $10 million Psilos Group equity investment completed in April of last year. Dr. Waxman said, "I'm enthusiastic about my continued involvement with this exemplary company. Click4Care is transforming the way in which care management is administered, creating gains for members, employers, providers and health plans. This kind of innovation is the hallmark of the evolution of consumer-directed healthcare. Click4Care is leading the way." Through his activities at Psilos, Dr. Waxman is chair and/or a director of several other Psilos companies, including Comprehensive NeuroScience, Inc.; HealthEdge; Quality Metric; Extend Health; and Mauna Kea. He is also on the Board of Cenegenics (a non-Psilos investment). He focuses much of his time on building relationships among Psilos companies and leading Psilos' overall investments strategy.
Dr. Waxman replaced Jan-Erik Lundberg, a Click4Care founder and Chairman since inception. Click4Care would like to thank Mr. Lundberg for his leadership and the immeasurable contributions that he has made to Click4Care's success. Mr. Lundberg will remain on Click4Care's Board.
About Psilos Psilos Group has been a successful healthcare venture capital and private equity firm since its founding in 1998. With over $500MM under management, Psilos focuses its investments across the healthcare services, healthcare information technology, and medical technology sectors. Psilos invests nationwide in businesses that are poised to create enduring market value by fundamentally improving the U.S. healthcare system. Psilos portfolio companies are sustainable and high-value businesses that have a demonstrated ability to reduce the costs of healthcare delivery, improve clinical quality and advance the alignment of payer, patient and provider incentives. Psilos has offices in New York, the San Francisco Bay Area and Santa Fe, New Mexico.
About Click4Care Click4Care provides innovative medical management software that dramatically improves healthcare for payers, providers, and patients. Its award-winning ThinkHealth product suite drives enterprise-wide changes in the processes and business models of healthcare delivery, which enables providers to reduce costs and improve the quality of care that patients receive. Some of the world's most progressive health insurance providers rely on ThinkHealth for a more consumer-driven approach to medical management. Today, millions of people are benefitting from ThinkHealth's best-of-breed technology and medical management content. For more information, visit http://www.click4care.com/. DATASOURCE: Click4Care, Inc.
CONTACT: Dina Maiorana, Click4Care, Inc., +1-614-839-9950, Web site: http://www.click4care.com/
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