Founder and CEO Dr. Zahid Butt transitions to Board of Directors and will continue to serve as a strategic advisor
Columbia, MD, (September 24, 2024) — Medisolv, Inc., a leader in healthcare quality data management, announces that David Lucey Jr. has joined the company as Chief Executive Officer effective Monday, September 16, 2024. Lucey succeeds Dr. Zahid Butt, Medisolv’s founder and CEO since 1999, who will continue to serve the company as a member of the Board of Directors and a strategic advisor with a focus on regulatory affairs and key strategic initiatives.
Lucey assumes the top executive role at Medisolv with more than 30 years of executive leadership experience in the healthcare technology solutions and Software as a Service (SaaS) space. He brings a wealth of experience and a proven track record of leading innovative companies to substantial growth and profitability. He most recently served as CEO at Biscom, an industry leader in secure information exchange and workflow automation solutions for many of the country’s largest healthcare and payer organizations. Lucey successfully executed Biscom’s acquisition by Concord Technologies this past year. He has also served in leadership roles for other prominent companies, including HighRoads, ikaSystems (acquired by UST HealthProof), SDI Health (acquired by IQVIA, and NaviNet (acquired by NantHealth).
Under Lucey’s leadership, Medisolv is well-positioned to continue its mission to provide cutting-edge quality management solutions supporting 500+ measures that assist healthcare organizations in improving patient care, regulatory reporting, and value-based payment programs. He will oversee the company’s growth and the advancement of Medisolv’s flagship software, ENCOR, used by hospitals and providers to capture, measure, and submit quality and safety measures data to multiple national programs, including CMS. Medisolv currently employs 140 people, and serves more than 1,800 hospitals, 15,000 providers, ACOs, and state agencies impacting care for 130 million patients nationwide.
”Dr. Butt has built Medisolv into the clear national market leader in healthcare quality measurement and reporting over the past 25 years, now serving one in every four hospitals in the country. We are grateful for the trust he put in us as the company’s partner last year as we embarked on the next chapter of Medisolv’s growth. We are confident that David is the right leader for that next chapter, and excited to collaborate with Dr. Butt in his new role,” said Brian Cramer, BVP Forge Operating Partner.
“It has been an honor to lead Medisolv on this remarkable journey for the past 25 years,” said Dr. Zahid Butt, Medisolv Founder and former CEO. “We have been at the forefront of the movement to advance digital quality measurement and improve the quality of U.S. healthcare and I’m extremely proud of both the mission-driven company culture we have built, and the impact we have made in improving patient outcomes at scale. I look forward to supporting Medisolv’s strategic direction in the future and additional efforts to advance digital quality measurement at the national level. In David Lucey, Medisolv is gaining a leader who is knowledgeable and has operating experience in both the health system and payer markets. He has an impressive history of developing customer centric solutions serving the most sophisticated healthcare organizations. I am confident he is perfectly suited to lead Medisolv in its next phase of growth and innovation.”
“It is a tremendous privilege to have this opportunity to join Medisolv, and to be trusted to lead such an exceptional company whose expert team and groundbreaking solutions are highly regarded as being among the best in healthcare data quality management,” said David Lucey, Jr., CEO of Medisolv. “This company’s success is a testament to Dr. Butt and his team’s dedication to serving the healthcare community, and equipping quality leaders with the comprehensive knowledge, advanced technology, and human expertise needed to improve all aspects of patient care. I am excited to team up with Dr. Butt and BVP Forge, and lead Medisolv’s 140 dedicated employees on behalf of our tremendous customer base to play a significant role in the company’s further growth.”
For more information about Medisolv and its solutions, please visit www.medisolv.com.
Medisolv is a national leader in healthcare quality data management solutions for hospitals, providers, ACOs, and more. Its all-in-one quality management platform, ENCOR, helps healthcare organizations advance patient care by measuring and improving their performance on more than 500 national quality and safety measures, including those required by the Centers for Medicare and Medicaid, The Joint Commission, private payers, and state agencies. Medisolv now serves more than 1,800 hospitals and 15,000 providers nationwide. They have been honored with the Best in KLAS award and the Black Book award for healthcare client satisfaction, as well as the HIMSS Policy Changemaker award for their pioneering work in digital quality measurement.
For more information about Medisolv, please visit www.medisolv.com.
Contact: Erin Heilman
Vice President, Marketing
Medisolv
(443) 264-4362
eheilman@medisolv.com