Investors in Profitable, Growing Service Businesses
David Whitt named CFO at Passport Health
Franklin, TN
David Whitt has been named Chief Financial Officer at Passport Health Communications, Inc. He will be responsible for all financial and legal functions at the health care revenue cycle management software and services company.
Whitt was previously CFO and Treasurer at Cavalier Telephone Corporation in Richmond, Va., a post he held for 10 years. He began his career at KPMG and was also with PricewaterhouseCoopers in Richmond. Whitt is a Certified Public Accountant with a wide range of financial experience in controllership, tax management, auditing, compliance, pricing and financial analysis. He has also led activities surrounding major leveraged equity investments, mergers and acquisitions and debt recapitalizations.
“David’s breadth of financial experience and business acumen will be extremely valuable to Passport’s continued growth and future success. We are delighted to have him join the executive team,” said Passport CEO Scott MacKenzie.
Passport Health Communications, Inc. is a leading provider of patient access and revenue cycle solutions to health care providers and payers. The company has grown significantly in the past 10 years and plans to continue expanding in 2010. Recent new offerings include Patient Payment Estimation (PPE), Registration Quality Assurance (RQA) and patient payment collection (eCashiering) to provide a full patient payment solution at the point of access and online.
About Passport Health Communications, Inc.
Passport is a health care information technology and services organization headquartered in Franklin, Tenn. The Passport family of companies sells administrative, clinical and financial tools to help health care providers determine eligibility and payment and get paid faster. Its products and services are used by approximately one-third of all U.S. hospitals and more than 5,000 other health care provider facilities in all 50 states. For more information, visit www.passporthealth.com.
About Spectrum Equity Investors
Spectrum Equity Investors is a private equity firm focused on investing in profitable, growing services businesses. Founded in 1994 with offices in Boston and California, Spectrum manages over US$4 billion in capital across five funds. Spectrum invests behind strong management teams and provides active board-level assistance to help create and realize value. Spectrum has been an active investor in online and electronic information service providers such as RiskMetrics Group (NYSE: RMG), World-Check, Seisint, Ancestry.com, iPay Technologies, Passport Health Communications and SurveyMonkey.
