SOURCE: ArborMetrix, Inc.

ArborMetrix, Inc.

July 26, 2012 08:05 ET

ArborMetrix Appoints Brett Furst as CEO

Industry Veteran to Expand Market Share and Position ArborMetrix for Sustained Growth and Leadership

ANN ARBOR, MI--(Marketwire - Jul 26, 2012) - ArborMetrix, Inc., a Mich.-based healthcare analytics and software company specializing in the measurement of hospital and specialty-based care, today announced the appointment of Brett Furst as CEO. Furst brings more than 22 years of experience in facilitating collaboration through data exchanges and large-scale software solutions in the healthcare, manufacturing and consumer packaged goods industries.

"Brett's experience guiding early-stage development as well as established companies will be an invaluable asset to advance our growth strategy," states John Birkmeyer, M.D., founder and chief scientific officer of ArborMetrix. "We were very impressed that Brett played a major role in transforming Covisint into one of the largest health information exchange and portal solution providers, enabling organizations to connect, communicate and collaborate to improve quality, safety and cost effective care. Brett's extensive knowledge of the healthcare industry, outstanding leadership, experience and proven track record make him the perfect fit for ArborMetrix as we look to capitalize on the tremendous market opportunity to accelerate growth and increase market share."

Most recently, Brett served as vice president of healthcare at Covisint, a division of Compuware. Under his leadership, Covisint Healthcare became one of the nation's largest and fastest growing cloud-based health information exchange providers.

"ArborMetrix is on the cutting edge of healthcare analytics," states Furst. "The company's ability to deliver real-time, easy-to-understand and actionable data that enables hospitals and health plans to accurately measure the quality and cost of acute and specialty care, is essential for organizations as the industry moves toward accountable care and value-based purchasing."

In 2011, ArborMetrix received initial funding from Arboretum Ventures, an investment led by Managing Director Paul McCreadie, who currently serves as ArborMetrix's chairman of the board. Founded in 2001, Arboretum Ventures is an early stage venture capital firm specializing in the healthcare sector. The firm is headquartered in Ann Arbor, Mich. and currently manages $235 million with an aim to transform young companies into thriving businesses that improve patient outcomes and lower the cost of care.

About ArborMetrix
ArborMetrix, Inc., based in Ann Arbor, Mich., is a healthcare analytics and software firm specializing in measurement of hospital and specialty-based care. The company focuses on developing rigorous data analysis and actionable business intelligence solutions, which deliver cost and quality performance metrics for hospitals, hospital systems, health plans and professional associations. For more information, visit www.arbormetrix.com, email info@arbormetrix.com or call 734-661-2562.

Link to Brett Furst photo

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