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MedSolutions Announces Organizational Change NASHVILLE, March 27, 2000 – MedSolutions, Inc., today announced that Frank Kyle, the Company’s Chief Executive Officer, is moving to a new position with MedCare Investment Fund. MedCare has engaged Mr. Kyle to head up its search for a new opportunity in the healthcare services sector. Mr. Kyle, who has founded two previous successful companies for MedCare, will be President and CEO of the new venture but will remain on the Board of Directors at MedSolutions. MedSolutions, a Nashville company founded by Mr. Kyle and funded by MedCare Investment Fund, specializes in the management of radiology services for managed care organizations, health insurance carriers, employers, large physician groups, independent physician associations, and other provider systems offering comprehensive health benefits. "It
is a win-win opportunity for all parties,” said Sam Brooks, President
of MedCare Investment Fund. “Mr. Kyle has demonstrated his management
skill by founding two successful companies for MedCare previously, and
we feel the time for a new venture is ripe." Upon Mr. Kyle’s formal
transition, Curtis J. “Curt” Thorne will assume the executive management
position at MedSolutions. Mr.
Thorne joined MedSolutions as President and Chief Operating Officer in
1998, bringing with him strong operations background, information technology
expertise, and a broad managed care knowledge base. Prior to joining MedSolutions,
Mr. Thorne served as President and COO of Adesso, a California-based specialty
physician management company. He also served in senior management positions
with Aetna Healthplans, The Travelers, and CIGNA HealthCare. In his new role, Mr. Thorne will work to expand the current managed care offerings and to develop an e-health solution for MedSolutions customers. "It's obvious that the Internet is fundamentally changing the way people access health information and services," Mr. Thorne said, "and we want to be one of the first to offer high quality assistance to the market for the services we provide." MedSolutions continues to lead the managed care industry as foremost provider of radiology management programs in the nation. Today, MedSolutions maintains management contracts for 1.6 million members covering a range of imaging medical management and risk assumption services. For more information, please contact Jim Phifer, EVP Sales & Marketing at 800-467-6424 or jphifer@medsolutionsinc.com.
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