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Media Contact: Laura Figge Communications Manager Health Essentials (714) 404-9625 [email protected] HEALTH ESSENTIALS POSITIONED TO PROVIDE COORDINATED CARE FOR FRAIL ELDERLY New Chief Executive Officer, Chief Medical Officer and President combine successful strategies to coordinate care for elderly population Santa Ana, Calif., (July 24, 2013) – Health Essentials, a physician-driven organization that specializes in providing coordinated care for medically complex and frail-elderly patients, has named Michael Radu as Chief Executive Officer (CEO), Tyler Jung, MD as Chief Medical Officer (CMO) and Steve Larkin as President of Care Delivery. In September 2012, Health Essentials received a growth capital investment from SV Life Sciences and Bessemer Venture Partners to leverage its expansion and enhance the coordination of care for the most medically complex and at-risk patients. Subsequently, its highest priority was to recruit leaders who have developed successful strategies in coordinated care for the vulnerable elderly. “Mike Radu has all of the qualities we were seeking in a CEO,” said Alan Hoops, Executive Chairman. “With 25 years of experience in healthcare, I’m confident that he’ll lead our family of companies to achieve the benchmarks we’ve set for success.” Radu has held several senior level executive positions with major health plans, public affairs organizations and medical groups; most notably, he spent the past 12 years at United Healthcare as COO of Collaborative Care for Optum, where he participated in turning it into the largest physician care delivery organization in the country. “I’m reenergized by Health Essentials’ unique care model and the opportunity to help these chronically-ill individuals at the most vulnerable time in their lives,” noted Radu. “With the rapid

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Page 1: HEALTH ESSENTIALS POSITIONED TO PROVIDE …healthessentials.com/releases/HE _CEO-CMO-Pres_PR NEWSWIRE_FINAL.pdfHEALTH ESSENTIALS POSITIONED TO PROVIDE COORDINATED CARE FOR FRAIL ELDERLY

 

Media Contact:

Laura Figge Communications Manager Health Essentials (714) 404-9625 [email protected]

HEALTH ESSENTIALS POSITIONED TO PROVIDE COORDINATED CARE FOR FRAIL ELDERLY

New Chief Executive Officer, Chief Medical Officer and President combine

successful strategies to coordinate care for elderly population

Santa Ana, Calif., (July 24, 2013) – Health Essentials, a physician-driven organization that

specializes in providing coordinated care for medically complex and frail-elderly patients, has

named Michael Radu as Chief Executive Officer (CEO), Tyler Jung, MD as Chief Medical

Officer (CMO) and Steve Larkin as President of Care Delivery.

In September 2012, Health Essentials received a growth capital investment from SV Life

Sciences and Bessemer Venture Partners to leverage its expansion and enhance the

coordination of care for the most medically complex and at-risk patients. Subsequently, its

highest priority was to recruit leaders who have developed successful strategies in coordinated care for the vulnerable elderly.

“Mike Radu has all of the qualities we were seeking in a CEO,” said Alan Hoops, Executive

Chairman. “With 25 years of experience in healthcare, I’m confident that he’ll lead our family of

companies to achieve the benchmarks we’ve set for success.”

Radu has held several senior level executive positions with major health plans, public affairs

organizations and medical groups; most notably, he spent the past 12 years at United

Healthcare as COO of Collaborative Care for Optum, where he participated in turning it into the

largest physician care delivery organization in the country.

“I’m reenergized by Health Essentials’ unique care model and the opportunity to help these

chronically-ill individuals at the most vulnerable time in their lives,” noted Radu. “With the rapid

Page 2: HEALTH ESSENTIALS POSITIONED TO PROVIDE …healthessentials.com/releases/HE _CEO-CMO-Pres_PR NEWSWIRE_FINAL.pdfHEALTH ESSENTIALS POSITIONED TO PROVIDE COORDINATED CARE FOR FRAIL ELDERLY

changes in healthcare, I’m looking forward to being part of an organization that will make big

improvements to caring for the frail elderly population.”

In addition to Radu’s appointment, Tyler Jung, MD will serve as CMO of Health Essentials to

spearhead the managed care clinical strategy and oversee GeriNet Medical Associates, a

Health Essentials managed medical group.

“Dr. Jung is an expert in caring for high-risk patients and implementing post-acute care

programs,” said Hoops. “He shares with us a commitment to coordinated care, patient

satisfaction and clinical excellence. Together, we’ll work to achieve the ‘Triple Aim of

Healthcare’ set by the Institute of Healthcare Performance: better health for the population,

better care for individuals and lower cost through improvement.”

Dr. Jung has over 15 years of leadership experience at DaVita HealthCare Partners, one of the

nation’s largest operators of medical groups and physician networks. He received his Medical

Degree from Tulane Medical School and completed his residency and fellowship at Harbor

UCLA Medical Center. He is triple-board-certified in internal medicine, critical care and

pulmonary medicine.

Steve Larkin has also been appointed to President of Care Delivery to ensure quality and

consistency of care by Health Essentials’ three Medicare-certified hospice services: Gerinet

Healthcare, Hospice Touch, Inc. and Health Essentials Hospice.

Prior to joining Health Essentials, Larkin served as the CEO of Hospice of Arizona and has been

active at both the State and National level to help shape legislation and public policy to improve

the care of chronically-ill patients.

Health Essentials is a Nevada Limited Liability Company organized and existing as

HealthEssentials, LLC. It specializes in caring for the most frail and vulnerable patients across

California, Arizona, and Nevada. The Health Essentials family of companies includes a medical

group (GeriNet Medical Associates), Medicare-certified hospice services (Gerinet Healthcare,

Hospice Touch, Inc. and HealthEssentials Hospice) a pharmacy (Comfort Rx), and a durable

medical equipment (DME) supplier (Health Essentials DME). For more information, visit

www.healthessentials.com.

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