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)
