AP NEWS

Millennia Patient Services Names New CEO, Announces Strategic Investment from Eir Partners

November 7, 2018

RALEIGH, N.C. & NEW YORK--(BUSINESS WIRE)--Nov 7, 2018--Millennia Patient Services (“MPS”), the leader in comprehensive, PMS agnostic, technology-enabled patient revenue solutions, announced today the appointment of Tom Ormondroyd as Chief Executive Officer and an investment from Eir Partners, a New York City based health care technology focused investment firm. Mr. Ormondroyd joins from nThrive, where he was previously the President of Education and Analytics. As part of the announcement, Samara Keaton, current CEO of MPS, will continue to direct all substantive technology development and platform enhancement that will continue to deliver market-leading patient receivable and technology solutions to the Company’s rapidly expanding base of physician practices, hospitals and health systems.

Mr. Ormondroyd has nearly a decade of healthcare revenue cycle experience, helping organizations solidly scale their operational capacities to meet market demand while concurrently exceeding customer expectations. Prior to nThrive, Mr. Ormondroyd was the Senior Vice President of Education and Analytics at Precyse, one of the country’s largest health information management technology and services vendors.

“Tom has demonstrated impressive entrepreneurship and innovation within larger revenue cycle operations,” said Samara Keaton, current CEO at Millennia Patient Services. “His extensive knowledge of medical revenue cycle management solution delivery and expertise in creating highly scalable, “best of breed” operational capacity will accelerate MPS’s ability to scale, innovate, and deliver comprehensive patient revenue solutions to all healthcare providers.”

The announcement is being made at a time when MPS is undergoing a period of rapid and exciting growth and in conjunction with an investment partnership with Eir Partners, a growth-oriented investment firm focused exclusively in the health care technology marketplace. Eir has partnered with MPS to provide the company significant strategic resources to support the growing demand for consumer-friendly patient revenue solutions.

“We are appreciative of the outstanding leadership that Samara has provided and excited to welcome Tom as MPS enters its next stage of growth,” added Brett Carlson, MPS Board Member and CEO at Eir Partners. “We have an incredible opportunity to build a single solution to help providers timely realize patient direct-pay revenue and most importantly - greatly enhance the consumer financial experience.”

“I am thankful to be able to join a high-growth, innovation-driven organization that has filled a significant gap in the market and has demonstrated measurable and impactful results for its customers,” said Mr. Ormondroyd. “I share the MPS vision for revolutionizing and modernizing the healthcare patient revenue cycle and look forward to leading the company and its provider partners to continued success.”

“MPS joins Revint as two companies in the Eir Partners portfolio helping providers realize and accelerate timely revenue receipt and/or reimbursement,” said John Woody, Chief Operating Partner at Eir Partners. “Between the two, we are helping over 2,000 health care organizations with this acute challenge.”

View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005092/en/

CONTACT: Media

For Millennia Patient Services

Tom Ormondroyd

tomo@mpsonlineservices.com

or

For Eir Partners

Brett Carlson

bcarlson@eirpartners.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK NORTH CAROLINA

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY HEALTH OTHER HEALTH PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Eir Partners

Copyright Business Wire 2018.

PUB: 11/07/2018 10:00 AM/DISC: 11/07/2018 10:00 AM

http://www.businesswire.com/news/home/20181107005092/en

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