SOURCE: ZirMed

October 24, 2010 16:23 ET

Industry Leader in Healthcare Revenue Cycle Management Processes 750 Millionth Healthcare Transaction -- Adds to Executive Management Team

Vice Presidents of Marketing and Sales Added to Continue Company's Substantial Year-Over-Year Growth

LOUISVILLE, KY--(Marketwire - October 24, 2010) -  ZirMed®, a leading national provider of revenue cycle management solutions, today announced several significant company milestones.

This month, ZirMed processed its 750 millionth healthcare transaction. The company currently processes over 20 million monthly transactions that include patient payments, claims, remittances and eligibility verifications.

"We now process as many transactions in a month as we did in all of 2004," said Jerry Merritt, president and chief executive officer of ZirMed Inc. "Our substantial organic growth is self-funded, not inflated by acquisitions. We have achieved growth through our partner relationships and integration of our solution into practice management and EMR systems."

Over the last five years, ZirMed's revenue has grown at a Compound Annual Growth Rate (CAGR) of 39%.

To help manage and accelerate ZirMed's growth, the company recently added two new senior executives.

Kevin Weinstein joins ZirMed as Vice President of Marketing and will oversee industry relations, messaging and new opportunity generation as well as managing the company's brand. He was previously Vice President of Marketing and Sales Operations at Allscripts. Mr. Weinstein also worked as a management consultant with Oliver Wyman and earlier oversaw the investment process for an early stage venture capital fund. Mr. Weinstein earned a Master of Business Administration from Northwestern University's Kellogg School of Management and a Bachelor of Arts in English from Colgate University.

Kraig Brown joins ZirMed as the Vice President of Sales and will lead sales execution for the company. Mr. Brown comes to the company from PGi, a web, video conferencing and document delivery company, where he was Senior Vice President of Sales. While at PGi, Mr. Brown oversaw inside and web based sales, building significant industry partner relationships with companies such as Cisco Webex, Adobe, and Microsoft. Prior to joining PGi, Mr. Brown was Senior Vice President of Sales at Xpediate Consulting, a high-growth private company focused on healthcare compliance. Kraig Brown received his Bachelor of Science in Education at the University of Georgia and his Master of Arts at David Lipscomb University.

Showcasing at MGMA Annual Conference:

ZirMed will be showcasing its solutions October 24-27 at the MGMA Annual Conference, at the Ernest N. Morial Convention Center in New Orleans. ZirMed will be demonstrating its revenue cycle management solutions in Exhibit Booth #838. For more information about ZirMed, visit the company's MGMA exhibit or visit www.zirmed.com.

About ZirMed:
ZirMed is a nationally recognized leader in delivering revenue cycle management solutions to healthcare providers. ZirMed enables healthcare providers to leverage the power of technology to cure administrative burdens and increase cash flow. ZirMed solutions include eligibility verification, credit/debit card processing, check processing, claims management, coding compliancy and reimbursement management, electronic remittance advice, patient statements, patient e-commerce solutions, provider credentialing, and lock box services. ZirMed solutions are designed to complement provider workflow and to provide innovative, creative and flexible solutions for healthcare's most pressing administrative challenges. For more information about ZirMed, visit www.zirmed.com.

Contact Information

  • PRESS CONTACT:
    Hanni Itah
    S&S Public Relations
    847.415.9316
    Email Contact

    ZIRMED CONTACT:
    Kevin Weinstein
    Vice President of Marketing
    ZirMed
    502.657.5587
    Email Contact