Devon Health today announced the promotion of Jeffrey Penn to executive vice president of sales. Devon Health Services, Inc., is a National Healthcare Cost Management company and the Northeast’s most extensive Preferred Provider Organization (PPO).
Mr. Penn will continue to build and manage relationships with clients and broaden his focus to drive new business for Devon Health. He will spearhead the expansion of Devon Health’s Advance Funding and Claims Negotiation services and the contracting of national network partners. Mr. Penn has over 20 years of experience in healthcare, with responsibilities including sales and marketing, product development, strategic planning, and provider contracting. He was one of the company’s first employees during its inception in 1991.
“Jeff has been one of the most important members of the Devon Health team since the company was founded,” says Charles J. Falcone, president of Devon Health. “He has been the leading sales performer for over 15 years, has built and managed relationships with the majority of Devon Health clients, and is the face of Devon Health to our clients and partners. Devon Health would not have grown to be a national player in the managed care industry without Jeff, and we will look to him to continue Devon Health’s success as we expand our service offerings.”
Devon Health’s Advance Funding and Claims Negotiation services save clients money and improve reimbursements to providers. The company’s experienced Claims Settlement team leverages wire-transfer capabilities and savings transparency to routinely secure discounts on approximately 80% of medical claims sent from clients. This service also helps providers receive quick reimbursement for services rendered, helping to improve one of the healthcare industry’s biggest problems.
Mr. Penn holds a Fellowship in managed care from the Academy of Healthcare Management, and was named Best Sales Manager at the American Business Awards in 2004.
Background on Devon Health Services, Inc.
Devon Health Services, Inc. is a National Healthcare Cost Management Company offering complete healthcare benefit packages, including national PPO networks, Pharmacy, Dental, Vision, Worker’s Compensation, Motor Vehicle, and Claims Settlement Services. Devon Health was founded in 1991 by John A. Bennett, M.D., an Internal Medicine physician. The company is headquartered in King of Prussia, Pennsylvania.
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