Remedy Partners, a leading provider of software and services enabling the organization and financing of healthcare around patient episodes of care and a New Mountain Capital portfolio company, today announced the appointment of Steve Senneff as Chief Financial Officer, effective immediately. The addition of Mr. Senneff further deepens Remedys senior leadership team and will support the companys continued growth.
Mr. Senneff joins Remedy from DigitalOcean, a provider of cloud platforms to deploy, manage and scale applications of any size, where he served as Chief Financial Officer. Prior to DigitalOcean, Mr. Senneff served in multiple executive roles, including Chief Operating Officer and most recently as Chief Financial Officer, at Cotiviti Holdings, a leading provider of payment accuracy and analytics-driven solutions primarily focused on the healthcare industry.
“We are excited to welcome Steve to the Remedy team,” said Christopher Garcia, Chief Executive Officer of Remedy Partners. “Steve brings valuable industry experience, proven leadership abilities and extensive expertise from leading the financial functions of successful high-growth technology-enabled companies. We are excited to have him join Remedy as we build upon our current momentum and continue to accelerate our growth along with the support of our partners at New Mountain Capital.
“Steve has demonstrated impressive financial, technological and cultural leadership at DigitalOcean and Cotiviti,” said Matt Holt, Managing Director at New Mountain Capital and a board member of Remedy. “His diverse skill set and entrepreneurial drive will help Remedy further its mission of supporting the management of bundled payment programs to improve patient care while reducing costs.”
Kyle Peterson, Director at New Mountain Capital and a board member of Remedy, added, “We are delighted to welcome Steve and look forward to his leadership as Remedy enters its next stage of growth.”
Mr. Senneff said, “I am excited to work with Remedys talented management team and New Mountain to continue the companys impressive growth trajectory and best position the company for future success. I value the company’s commitment to continuous innovation in delivering services that support patient care and reduce costs. I look forward to supporting the advancement of Remedys advanced software and technology to enable the continued development of the platform and the evolution from fee-for-service to value-based payment for healthcare.”
Mr. Senneff graduated with a degree in Accounting from the University of Iowa and received a Masters in Finance from Purdue Universitys Krannert School of Management.
About Remedy Partners
Remedy Partners delivers software and services that enable payers, employers and at-risk providers to organize and finance healthcare delivery around a patients episode of care. For healthcare providers, Remedy Partners software, analytics and administrative services support bundled payment contracts with Medicare and commercial insurers, often through shared-risk partnerships. For payers, Remedy Partners empowers the development of bundled payment contracting programs and guides the development of bundled payment networks. Remedy Partners presently delivers its services to partners at more than 1,000 healthcare locations nationwide. To learn more, please visit www.remedypartners.com.
About New Mountain Capital
New Mountain Capital is a New York based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $20 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com.
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New Mountain Capital
Dana Gorman, Abernathy MacGregor