SOURCE: Agilence Health Advisors, LLC

May 05, 2006 10:17 ET

Agilence Health Advisors, LLC is Launched

Business Acceleration Firm to Focus on Advancing Performance in Health Care Markets

NEW YORK, NY -- (MARKET WIRE) -- May 5, 2006 -- Agilence Health Advisors, LLC, a new business performance acceleration company focused on the health care industry, announced its formation today. Agilence will serve Academic Medical Centers and Community Hospitals, Health Insurers and Health Spending Accounts Providers, Health Information Technology Firms, and Venture Capital Portfolio Companies. The company will be headquartered in Manhattan's financial district in sympathy and support of the efforts to revitalize Downtown New York City.

Chairman and Practice Leader John R. Prufeta stated, "Agilence was formed to fill a significant need for performance acceleration resources in the health care sector. We passionately believe that the current health care system will undergo dramatic changes to ultimately fulfill its mission to deliver high quality, affordable care. Major structural change and innovations in terms of product development, cost reduction, skills, processes and technologies are necessary. Speed, agility, and efficient use of capital and human resources will be the signature values of the successful health care business of the future. The Agilence product array provides our clients with just-in-time access to powerful performance acceleration resources that rapidly scale new ideas and ventures including expert interim and permanent talent, advanced product distribution networks, business process innovations and enterprise organizational development services."

Physician and Medical Center Initiatives Practice Leader Jeff Weisberg, MD added, "Agilence offers me a unique opportunity to work with other senior executives who have been important players in health care over the recent era. These past few decades in health care have seen a rapidly growing complexity that has demanded expertise in business, law and governmental regulation, sophisticated clinical and administrative matters, insurance and managed care, and executive creativity. Agilence brings together an esteemed group of health care leaders who have been on the front lines in all of these critical disciplines. We will stand together to help clients reach their objectives. Our focus will be on execution."

The market demand for Agilence Health Advisors' products is driven by a real need for established and new venture health care businesses to gain access to products and services that are either too difficult or too expensive to develop organically. With health care venture fund coffers filled to the brim, the competition for ideas, talent, and ultimately performance, is uncommonly fierce. Agilence provides new ventures with an advanced resource tool-kit to rapidly scale the enterprise, thereby making capital investments more efficient, and with higher yields. Established health care organizations will access Agilence products and services to launch and sustain new initiatives, turn-around distressed businesses, and to improve the performance of incumbent business lines.

The Agilence practice leadership and associate team has extensive backgrounds leading and founding significant publicly and privately held healthcare businesses in health care delivery, insurance and technology.

Agilence has developed four core product and service lines named Propel, Periscope, Virtuoso and Dossier.

Propel provides Agilence customers with a high performance product and service sales capability. Agilence has invested heavily in building an effective distribution system that enables established and new venture health care enterprises to inexpensively and efficiently sell products and services in the health care marketplace.

Periscope is Agilence Health Advisors' interim management and executive search offering. Recent landmark studies (McKinsey & Co, "The War for Talent") describe high quality management talent as an extremely scarce and elusive resource. Health care's demand for quality talent will far exceed supply, even over the longer term. Through Periscope, Agilence has developed a superior resource for interim and permanent health care talent.

Virtuoso is Agilence Health Advisors' performance consulting and advisory product. Virtuoso assists health care customers with compensation alignment, executive development and coaching, capital sourcing, and product/service assessments.

Agilence product Dossier was developed as an analytic tool-kit and enterprise evaluation protocol. Dossier tools and analytics are employed in the Propel, Periscope and Virtuoso products to optimally organize execution priorities and tasks.

About Agilence Health Advisors, LLC

Agilence Health Advisors, LLC is headquartered in the Financial District in New York City, NY. Through its Propel, Periscope, Virtuoso and Dossier products, Agilence provides business performance acceleration and turn-around services to Academic Medical Centers and Community Hospitals, Health Insurers and Health Spending Accounts Providers, Health Information Technology Firms, and Venture Portfolio Companies. Individuals seeking more information are invited to view the company website at www.agilenceadvisors.com, or call 866.805.0376.

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