Health

Former Livongo CEO Zane Burke to lead Quantum Health

Former Livongo Health and Cerner chief executive Zane Burke has joined Quantum Health as the new CEO, the company said Wednesday.

Burke, who will also serve on the board of directors, will replace Kara Trott, founder of the 22-year-old healthcare navigation company, as CEO on September 27, after which Trott will take over as chairman of the board. …

As Quantum Health seeks to expand, Trott said it was important to hire a CEO with experience developing other healthcare companies.

“The organization needs additional skills and support that we didn’t have at the company,” Trott told Modern Healthcare. This included skills such as “scaling, understanding how to access different end markets, and just a broader set of experiences that have been on them a few more times.”

She talked about Burke’s experience in scaling two successful healthcare software companies.

Most recently, Burke served as CEO of Livongo, a digital healthcare company specializing in chronic disease management, where he led the company through one of the largest initial public offerings in digital healthcare in 2019, as well as a $ 18.5 merger with the telemedicine giant. billion dollars. Teladoc Health last year. Burke left Livongo following the merger.

He joined Livongo as CEO in 2018 after being president of Cerner, an electronic health records company.

“We all know healthcare is difficult to navigate,” Burke told Modern Healthcare. At Quantum Health, “Our real goal is how to make care navigation for everyone?”

Burke will lead Quantum Health in its next growth phase, according to a company press release. Dublin, Ohio, a privately-owned company, Quantum Health, founded by Trott in 1999, contracts with self-insured employers to coordinate member care, including billing and benefit issues, and connecting members to health services.

This next phase could include expanding to neighboring markets in addition to employer-sponsored health plans, Trott said.

Quantum Health also plans to build its leadership team and recruit staff for new roles.

In early September, Quantum Health hired Drew Domek, formerly executive vice president and chief information officer for shoe retailing company Designer Brands, formerly DSW, as its chief technology officer. The company also added Peter McClennen, former Teladoc president, to the board of directors.

Trott declined to share Quantum Health’s annual revenues, but said the company had positive cash flow 15 months after its launch and was profitable in its second year.

Companies that guide consumers through the complex healthcare landscape with member engagement and service coordination services have become a popular area in digital health.

Glen Tullman, founder of Livongo and former CEO of Allscripts, an EHR company, launched Transcarent, an employee health navigation startup earlier this year. He is currently the executive chairman and CEO of a company that has already raised $ 98 million from investors, according to Crunchbase

Accolade, an employee benefit company that went public last year, acquired PlushCare in June, which offers virtual primary care directly to the consumer. And telemedicine company Doctor On Demand in May merged with Grand Rounds, a company that specializes in navigation for specialized medical institutions.

Quantum Health announced at the end of 2020 investment in growth from private equity firms Warburg Pincus and Great Hill Partners, although the amount of investment has not been disclosed. According to Trott, Quantum Health has not disclosed details of the investment or the amount of funding the company has raised to date.


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