SAN DIEGO–(BUSINESS WIRE)– A-Life Medical, Inc., the pioneer and leading provider of computer-assisted coding (CAC) products and services to the healthcare industry, announced today that Jaye Connolly has been named president, effective immediately. Connolly replaces Tom Bang, who served at A-Life Medical in this role since November 2006. Prior, Connolly had served as chief operating officer and chief financial officer for A-Life Medical for more than five years and led the initiative to expand A-Life’s CAC offerings into the hospital market.
In addition to her role as president, Connolly will serve on the A-Life Medical Board of Directors.
“The Board highly appreciates and acknowledges Jaye’s performance and guidance during the past five years, which has enabled the company to achieve continuous operating profit and steadily increasing revenues,” said Robert Jaffe, A-Life’s executive chairman.
“Jaye’s excellent analytic and organizational skills have provided the platform and direction for A-Life’s next stage of evolution. Jaye is prepared to lead the Company into its next phase of aggressive growth amid a changing healthcare industry,” Jaffe concluded.
Connolly has extensive management, finance, acquisition and IPO experience having served in key management roles at six publicly traded corporations. During her career, Connolly led 18 accretive acquisitions adding more than $1.0 billion to revenue. For more than 25 years, Connolly demonstrated leadership across a variety of roles spanning the healthcare sector including those in diagnostic imaging, clinical laboratory, physician practice management and hospital services. Before joining A-Life, Connolly served as vice president of business development/mergers and acquisitions at InSight Health Corp. and director of internal audit at Laboratory Corp. of America, where she successfully implemented the company’s corporate wide compliance, audit and ethics program.
“Over the past decade, A-Life’s singular focus on the physician and hospital markets has paid big dividends for our customers across the U.S. We have continually provided the healthcare market with the only proprietary and patented natural language processing technology, LifeCode®, which truly differentiates our extensive CAC offerings. We will continue to build our presence and add new professionals to our team as we demonstrate A-Life’s unmatched capabilities in the marketplace,” Connolly explained.
As president, Connolly will also become a member of the Board of Directors of A-Life Hospital, A-Life Medical’s wholly owned subsidiary. She joins Frank Baker, managing director and co-founder of S.A.C. Private Capital Group (SAC PCG) and board member of MedQuist, Inc. and Jaffe. Prior to A-Life, Jaffe served as chairman and vice chairman of several large public companies and numerous private companies, after starting his career at Goldman Sachs.
