John Bardis, founder and former CEO of revenue cycle management firm MedAssets, has been appointed Health and Human Services assistant secretary for administration.
Bardis founded MedAssets, a developer of revenue cycle and supply chain management technology, in 1999 and served 15 years as CEO, leading the company through its IPO in 2007.
[Also: MedAssets sold to PE firm, will merge with Precyse]
MedAssets grew in total net revenue from $188.5 million in 2007 to $720.2 million in 2014 during his tenure, according to published reports. Bardis resigned as CEO on February 2015.
In November 2015, MedAssets was sold for $2.7 billion to Pamplona Capital, which sold one half of the company while merging the other with its Precyse subsidiary.
This story first appeared on Healthcare Finance.
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