“This is a pivotal time in healthcare and our momentum showcases the need for greater transparency and data analysis of prescription drug data."
COLUMBUS, Ohio (PRWEB) August 17, 2020
Today, HealthPlan Data Solutions (HDS), the pioneer of near real-time, pre and post payment integrity solutions for pharmacy benefit plans, is announcing the appointments of Dr. Steve Allen and Sue Tyler to the company’s board of directors. Dr. Allen will also serve as Chairman of the Board. The news comes on the heels of explosive company growth marked by a more than 200 percent increase in revenue year-over-year, including a projected 125 percent increase in revenue from now until the end of the year.
“This is a pivotal time in healthcare and our momentum showcases the need for greater transparency and data analysis of prescription drug data,” said Dee Sarbok, co-founder and CEO of HDS. “As we continue to pioneer this space, we have sought out thought leaders in the industry who support our mission and understand the need for objective insights in healthcare. Sue brings a tremendous level of financial prowess and Steve’s expertise and track-record is unmatched, so we are beyond fortunate to add them as advisors to help guide our next phase of growth.”
As the former CEO of Nationwide Children’s Hospital, Dr. Allen oversaw a period of significant growth, including developing the hospital into a world-class institution with leading genetics research. He is nationally recognized as one of the most prominent voices in American pediatric healthcare policy.
“My professional and personal focus has been in establishing research and practices that innovate healthcare and deliver better outcomes,” said Dr. Allen. “HDS is providing a level of objective analysis that this industry needs right now and will ensure payers and providers can more effectively serve patients.”
Allen joins the board with Tyler, former Chief Financial Officer (CFO) and Treasurer of Medical Mutual of Ohio. She brings a proven track-record of rapidly scaling businesses through organic growth, new product introductions, geographic expansion and acquisitions. She has served in leadership roles in finance, operations and P&L for companies ranging in size from startup through Fortune 500.
“I’m excited to join the HDS board because it allows me to leverage my healthcare payer expertise and my passion for supporting high-growth healthcare companies to build a successful business that can really make an impact,” added Tyler.
As a result of a greater need for insight into payment pricing for pharmacy benefit plans, HDS has grown its customer base by nearly 50 percent year-over-year, as well as increased its strategic partner network by 250 percent. To accommodate this explosive growth, HDS has increased its team by 158 percent year-over-year and expects to grow its workforce by another 38 percent within the next 12 months.
Top business leaders in Ohio have taken note of the impact of these additions to the HDS team. “Steve Allen transformed Nationwide Children’s Hospital during his time as CEO and is a powerful asset to the Ohio business community. He will certainly drive continued growth for HDS,” said Alex Fischer, chairman of Nationwide Children’s Hospital and CEO of the Columbus Partnership, a non-profit organization of CEOs from Columbus Ohio’s leading businesses and institutions.
“Steve Allen and Sue Tyler are tremendous additions to the HealthPlan Data Solutions team. I am confident that together they will improve one of the largest and most important parts of Ohio’s economy,” added Pat Tiberi. Tiberi is a former member of the U.S House of Representatives who worked on healthcare policy and is currently president and CEO of the Ohio Business Roundtable, a nonprofit organization composed of CEOs of many of Ohio’s largest companies.
About HealthPlan Data Solutions
HealthPlan Data Solutions (HDS) is the pioneer of near real-time, pre and post payment integrity solutions for pharmacy benefit plans. By delivering transparency into plan performance, HDS ensures the accuracy of pharmacy benefit claims, while bending the pharmacy cost curve. Powered by a combination of industry expertise and proprietary technology, HDS automates the reporting and analysis of high volumes of prescription claims data in just minutes. With timely and objective analyses to complement existing cost containment measures like annual audits, HDS restores accountability across the industry by identifying and correcting problems as they occur, HDS solutions empower pharmacy payers to realize immediate prescription cost savings. For more information, visit https://hds-rx.com/.