Advanced Medical Pricing Solutions, a Cimmaron Healthcare Capital portfolio company focused on supporting self-insured employers and healthcare stakeholders in providing affordable, fair, and transparent medical and prescription benefits, announced the appointment of Matt Brow as Chief Executive Officer and Board Member.
Brow joins AMPS following nearly six years leading pharmacy software and life sciences advisory businesses for Inovalon, a leading provider of cloud-based software solutions empowering data-driven healthcare. Prior to Inovalon, Brow spent nearly 14 years in leadership roles with US Oncology and McKesson focused on strategy, communications, policy, reimbursement, business development, mergers & acquisitions, and operations.
Brow succeeds Kirk Fallbacher who, over the past seven years serving as COO and then President & CEO of AMPS, led tremendous growth and expansion of the company during that time. Fallbacher will continue his leadership contributions to AMPS as President of Drexi – the prescription benefits management subsidiary of AMPS, as an AMPS Board Member, as a member of the AMPS Leadership Team, and as executive sponsor for key strategic accounts.
“I am grateful for Kirk’s continued commitment to leadership at AMPS, and I am humbled by the trust and confidence that the Cimarron Healthcare Capital team and our investors have placed in us to fully maximize AMPS’ potential,” said Matt Brow, Chief Executive Officer of AMPS.
“I am honored to have the opportunity to join the exceptional team at AMPS and look forward to building strong relationships with both our team members and customers,” said Brow. “In a healthcare market desperate for innovative solutions, AMPS is well positioned to accelerate its growth and revolutionize employer-sponsored healthcare by providing affordable and transparent care to the benefit of patients and employers alike.”
James Nadauld, AMPS Board Chair stated, “The Board is excited to welcome Matt to the team. We are confident his growth-minded leadership will take AMPS and Drexi to the next level of their evolution in the months and years ahead.”
“Matt shares our deep passion for improving healthcare, and I enthusiastically welcome his leadership,” said Fallbacher. “To the exceptional teams at AMPS and Drexi, I cannot express enough how proud I am of all that we have achieved together over the years. I firmly believe that AMPS and Drexi are perfectly positioned for continued success.”
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