Panacea Healthcare Solutions, LLC, a healthcare financial consulting and software development company specializing in Hospital coding, compliance, revenue cycle and reimbursement software and services announced today the expansion of its management team.
“We are pleased to announce that three highly respected and seasoned professionals have joined the Panacea team to proactively develop and introduce new solutions in these challenging times for our hospital clients. We are pleased that Panacea’s management team now covers such a wide spectrum of healthcare financial expertise including accounts receivable and revenue cycle management, charge description master, finance, reimbursement, coding and compliance”, stated Frederick Stodolak, Chief Executive Officer at Panacea.
Covering West Coast operations, Mr. Gary Fong has joined the company as a Senior Vice President. Mr. Fong has more than thirty years of healthcare experience and was the founder and COO of the CDM Services Group (CDMSG) where he was responsible for directing its operations. Services provided by CDMSG included complete Charge Description Master (CDM) Review and Update, web-based CDM Maintenance, Corporate Standard/Consolidated CDM Development and Implementation, as well as other related services.
Joining the company’s New Jersey office as a Senior Vice President and Officer, Mr. Gregory M. Adams is the former CFO of Holy Name Hospital (Teaneck, New Jersey) and currently an officer of the National HFMA, serving as the Secretary/ Treasurer. Prior to his position at Holy Name, Mr. Adams held the position of Executive Director at CBIZ KA Consulting for 8 years and has over 20 years experience as a hospital CFO.
Panacea has also rounded out its healthcare financial services by adding Mr. John Manzi to the team as a Senior Vice President, concentrating on hospital reimbursement for our clients. An expert in Medicare reimbursement, Mr. Manzi has assisted in recovering millions of dollars in errors for Medicare Cost Outliers payments and through Medicare PRRB appeals and re-openings. His expertise also includes Medicare Cost Report preparation & review, development of reimbursement software, revenue enhancement, product line profitability management, RAC assessments and clinical compliance audits.
Panacea Healthcare Solutions, LLC, (www.panaceahealthsolutions.com) with offices in Florida, Arizona and New Jersey, provides expert financial and information technology advice and systems that improve bottom line performance to healthcare providers, payers, and software companies. Panacea’s areas of expertise included Coding, Compliance, Finance, Reimbursement and Revenue Cycle Consulting and Systems.