COLUMBUS, Ohio, April 23, 2013 (GLOBE NEWSWIRE) -- CoverMyMeds, LLC announced today that Theodore W. Frank has been named chief financial officer (CFO), responsible for long run strategic financial positioning.
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Prior to CoverMyMeds, Frank was COO/CFO of SparkBase, an innovative provider of loyalty and gift card programs to retailers and other businesses. Before SparkBase, Frank was a venture partner for JumpStart, one of Ohio's most recognized accelerators for high growth companies.
"Ted is a successful entrepreneur and seasoned business advisor. His skills will certainly help CoverMyMeds further the transition from a promising startup to a sustainable, fast growing company in the rapidly evolving healthcare IT space," said Ray Leach, CEO of JumpStart.
CoverMyMeds' CEO, Alan Scantland, added; "We are pleased that Ted has agreed to take on an even larger role, as we have valued his contributions as an Advisory Board Member. His credibility with business partners and the financial community amplifies his impact across the company."
CoverMyMeds is the only one-stop-shop for electronic prior authorization management for prescription drugs, and is usable for any medication and virtually all health plans. The automated system is free to use by providers, and helps improve time-to-therapy, prescription abandonment, and drug adherence.
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