SOURCE: ServRx, Inc.

ServRx, Inc.

August 26, 2015 15:10 ET

ServRx Names Seasoned Financial Executive Mark Smith as Chief Financial Officer

SCOTTSDALE, AZ--(Marketwired - Aug 26, 2015) - ServRx, Inc., a leading electronic workers' compensation prescription claims processing company, today announced the appointment of Mark L. Smith to the position of Chief Financial Officer ("CFO"). Mr. Smith possesses 25+ years of experience as a senior financial officer, including 15 years in the healthcare related industry. His familiarity with both publicly traded and privately owned growth companies is extensive, including technology and financial services industries.

Mr. Smith joins ServRx from his former position as the CFO of iTech Broker, Inc., an internet marketing and financial services firm involved in custom website design and development, eCommerce solutions, SEO, and name branding campaign services.

Previously, Mr. Smith was CFO for Village Estates Corporation, a healthcare company that developed, owned and operated health and assisted care facilities. He was instrumental in designing a groundbreaking billing and service tracking system in the senior care industry.

He spent nearly 10 years as CFO at Avesis Incorporated, a NASDAQ public company. Avesis is a healthcare company that offers ancillary health benefit programs through its nationwide preferred provider organization. Avesis is also a third-party claims administrator of prescription drug programs as well as vision, dental, and hearing programs. Mr. Smith worked alongside the founder of Avesis, who was also the cofounder of National Council for Prescription Drug Programs (NCPDP) and the innovator behind the creation of the pharmacy benefits management (PBM) segment of the healthcare industry.

An alumnus of Indiana University, Mr. Smith earned a Bachelor of Science in Accounting, obtained his CPA certification, and joined the accounting firm of Coopers & Lybrand. He is a past member of the American Institute of Certified Public Accountants as well as the Arizona Society of Certified Public Accountants.

Mr. Smith stated, "I'm extremely honored to join this fast-growing leader in the electronic workers' compensation prescription claims processing industry. I believe with my past experience of understanding explosive growth companies coupled with my public company compliance background, I can bring a fresh perspective to the financial and accounting functions of this dynamic growing company. I look forward to rolling up my sleeves and working alongside the ServRx team and Board of Directors in an effort to help this company advance to the next level."

"Mark is an accomplished executive with significant leadership and business experience, including proven ability as a successful CFO with strong financial discipline in both the healthcare and technology sectors. He will be a tremendous addition to our team," said Todd Delano, ServRx's President and Chief Executive Officer. "We believe Mark possesses the right blend of financial and business expertise required to help us continue the traction we've gained in the marketplace by executing on our current long-term growth and financial strategy."

About ServRx, Inc.
ServRx is a leading electronic workers' compensation prescription claims processing company. Through utilizing the most sophisticated IT systems in the industry and working with NPDS, ServRx ensures its clients benefit from real-time adjudication, immediate payment confirmation, and other elements of a customized suite of services. As such, within the last decade, the ServRx executive team has processed over $3 billion in workers' compensation and commercial prescription claims. The Company's common stock is not registered under the Securities Exchange Act of 1934 and the Company does not currently file periodic or other reports with the Securities and Exchange Commission.

About The Miller Group
MILLER, established in 1972 and headquartered in Scottsdale, Arizona, is comprised of several affiliated companies including Miller Capital Corporation, Miller Investments, Inc., and Miller Management Corporation. The Miller Group offers a broad range of services including venture capital and private equity investing, debt financing, financial advisory, and management consulting to public and private middle-market companies throughout North America, Europe, and Asia. A select group of current and past clients include: America West Airlines®, Bowlin Travel Centers, Inc.®, Capital Title Group, Inc., DELSTAR Companies, Inc., Legal Broadcast Network, LLC, Magma®, McMurry, Inc., NJOY®, Ritz Carlton Magazine, Sequence Media Group, ServRx, Inc., Sunshine Minting, Inc.®, Telgian Corporation®, and US Air Express. 

Contact Information

  • Further Information Contact:
    Rudy R. Miller
    Chairman, President & CEO
    The Miller Group
    (602) 225-0505
    Email Contact