Prognosis Health Information Systems, Inc., a leading provider of electronic health records to critical access and community hospitals, has appointed William M. Conroy to its board of directors.
“Bill brings a deep reservoir of healthcare expertise to the table. He understands the industry inside and out. But more importantly, he has proven that he has what it takes to truly grow a company to succeed,” says Ramsey Evans, CEO of Prognosis. “Given the rapid growth of the healthcare information technology market, Bill’s experience should prove valuable as Prognosis continues to expand to meet the needs of more and more providers across the country.”
Conroy is a proven technology executive with a wealth of experience in corporate strategy and operations. Conroy formerly served as CEO, president and member of the board of directors at Initiate Systems, Inc., until he orchestrated the sale of the company to IBM in March 2010.
During his tenure at Initiate, the company grew revenue by 700% with a compound annual growth rate of 50%. Initiate Systems became a dominant international company and thought leader in healthcare. The company serves more than 2,500 healthcare sites, 50 health information exchanges, and leading healthcare payer organizations, in addition to servicing other industries including financial services, high-tech, and retail. Conroy was recognized for his achievements by receiving the CEO of the Year award from the Illinois Technology Association in 2009.
In addition to his work at Initiate, Conroy has held leadership positions at Click Commerce, Insight Capital Group, Tenfold Corporation, and Oracle Corporation.
George Roberts, a member of the Prognosis board and a partner at OpenView Venture Partners, an expansion stage venture capital fund, expects that Conroy can leverage his experience to support Prognosis as the company continues to expand.
“During our time together at Oracle, Bill proved time and again that he had the creativity, business acumen and leadership skills required to consistently deliver superior results and build teams. Bill will be able to leverage his years of experience and skills to provide great insight and counsel to the Prognosis team as our newest board member,” Roberts said.
Conroy said he believes that Prognosis will take full advantage of the industry’s move toward EHRs – as the company is bringing the right technology to the market at the right time.
“Delivering an EHR via a “cloud computing” model, where applications are easily accessible over the Internet, proves that the company is on the leading edge of innovation,” Conroy said. “With this innovative solution, Prognosis is providing a system that is easy to implement, manage, and adopt – and one that will lead to the realization of meaningful use quickly. As a result, providers can expect to join the cadre of Prognosis clients that have already qualified for government incentives – and can ultimately expect to radically improve care for their patients.”