SOURCE: Advanced Practice Strategies

Advancing Knowledge, Empowering Caregivers.

September 17, 2013 09:00 ET

Advanced Practice Strategies Announces New Chief Executive Officer

Mission-Driven Company Poised for Continued Growth

BOSTON, MA--(Marketwired - September 17, 2013) - Advanced Practice Strategies (APS) today announced Russell Richmond, MD as its new Chief Executive Officer and Board Director. Russ joins the company from Objective Health, a division of McKinsey & Company. APS accelerates high reliability in healthcare delivery by measuring and improving clinical knowledge and judgment. The company provides services to over 1,250 hospitals, health systems, and medical liability insurers.

"I joined APS because of its mission, exciting and disruptive platform, and rapidly growing customer base," said Russ. "The opportunity to strengthen and support the performance of physicians and nurses -- the dedicated professionals who deliver care every day -- combined with the chance to lead an organization experiencing such rapid growth, made the decision to join APS incredibly easy."

"Russ Richmond brings to Advanced Practice Strategies a wealth of leadership experience and expertise," said APS board member Jeff Stolte, Investment Manager at Ascension Health Ventures. "After nearly 20 years in business, with services deployed in more than 25% of U.S. hospitals, APS has launched a new disruptive technology and achieved significant growth. Russ' demonstrated expertise in setting and executing strategic direction, combined with his mission-driven style, was an excellent match for the company's needs. His energy and vision are evident and will be an asset to the company and its clients." Ascension Health Ventures is an investor in APS.

Russ began his career at McKinsey & Company after completing his medical training. Subsequently, he took the role of Executive Vice President for D2Hawkeye, a company that primarily served the healthcare payer market and was acquired by Verisk Health in 2009. He returned to McKinsey in 2009 to launch Objective Health, a data analytics solution focused on healthcare providers. Russ also currently serves as a board member of Explorys, a data and analytics platform for healthcare transformation.

Russ earned his BS in Biology from the University of Michigan, his MD from the University of Cincinnati, and completed his internship in Internal Medicine and Pediatrics at the University of Michigan. He resides with his wife and three children in Newton, Massachusetts.

About Advanced Practice Strategies:
Advanced Practice Strategies (APS) is eliminating risk and reducing healthcare costs by fundamentally restructuring lifelong clinical education. Using a data-driven approach, APS is objectively assessing clinician knowledge and judgment, quantifying resulting risk, and reducing that risk through personalized education. The company's newest innovation, GNOSIS™, is a groundbreaking mobile, cloud-based tool that saves clinician learning time, rapidly improves performance, reduces medical malpractice risk, and increases patient safety, all while ensuring administrators are equipped with a transparent performance dashboard at the clinician, organization, and system-wide levels. GNOSIS redefines continuing clinical education while addressing healthcare quality, costs, and satisfaction in today's accountable medical world. Grounded in the rich experience of its Demonstrative Evidence Group, that uses visual strategy to educate juries in complex medical malpractice cases, APS has amassed a wealth of knowledge on risk in medicine and has become the leader in improving lifelong clinician learning. For more information, please visit www.aps-web.com.

About Ascension Health Ventures
Ascension Health Ventures (www.ascensionhealthventures.org) was launched in 2001 as a wholly-owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension, a parent holding company formed in 2012. AHV's role has been to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy.

Contact Information

  • Media Contact
    Kiran Ganda
    Director, Marketing Communications
    Advanced Practice Strategies
    617-275-7294
    kganda@aps-web.com