Portfolio — Company Profile

Company Background

In this era of healthcare reform, the Affordable Care Act and the pressures of ongoing healthcare cost growth provide strong motivation for employers to shift to self-insurance. Employers who self-insure hire third party benefit administrators to design and operate their health plans. This industry is highly fragmented and historically paper-based. Lucent Health provides a technology platform to move from paper based to electronic transaction processing and brings value-added healthcare cost management solutions to reduce employer expenditures while maintaining quality of care for employees. Small and mid-sized employers have particularly strong incentives to move to self-insurance and represent significant growth potential for Lucent.

Key Management

Brett Rodewald

Chief Executive Officer

  • 25 years in the payment/transaction processing industry
  • Most recently President of Comdata, a leading payment processor generating $350 million of annual revenue
  • Previously at Bank of America and First Union National Bank

Alex Arnet

Chief Commercial Officer

  • 25 years of senior leadership in the healthcare benefits industry
  • Former Chief Sales Officer at HealthSmart, which manages $6 billion in claims annually
  • Previously at United Health Group/United Healthcare Administrators, Great-West Healthcare, and Prudential

Daniel Dugan

Senior Vice President
President of North America Administrators

  • 30 years in the healthcare benefits industry
  • Former CEO of North America Administrators

David Reynolds

Senior Vice President
President of Capitol Administrators

  • 45 years in the benefits and insurance industry
  • Former CEO of Capitol Administrators
  • Previously at Foundation Health Preferred Administrators, United Healthcare and Travelers
  • Board member and past president at Health Care Administrators Association (HCAA)

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