Executive Change: Emdeon Business Services Names George Lazenby CEO

Emdeon Business Services announced that George Lazenby, 37, has been named its Chief Executive Officer, effective immediately. Mr. Lazenby has been a key member of the Emdeon Business Services management team and predecessor companies since 1996.

Most recently, as Executive Vice President of Provider Services, Mr. Lazenby led Emdeon Business Services’ provider-facing businesses, which represent about half of the company’s revenue. In this capacity, Mr. Lazenby delivered record sales and revenue growth and was responsible for a number of industry innovations in the revenue cycle management market. Previously, Mr. Lazenby served as Chief Operating Officer of Medifax EDI, which Emdeon Business Services acquired in 2003, where, as COO, he was responsible for managing all provider and payer activities as well as its medical practice management software business.

"George is a seasoned executive with a proven track record for creating value through revenue growth, increased margins, new product development and strategic acquisitions," said Kevin Cameron, CEO, Emdeon Corporation. "Over the past several years, I have been impressed with George’s deep understanding of our business and I am confident that he will successfully lead Emdeon Business Services as CEO."

"After a comprehensive internal and external CEO search, we are pleased to announce that George will be taking on this critical role," said Mark Dzialga, Managing Director, General Atlantic. "George’s extensive experience in providing revenue cycle management solutions for payers and providers is unparalleled and will help maximize the Company’s significant growth opportunities."

"I am delighted to assume this new role at Emdeon Business Services and believe we have significant opportunities as we continue our mission of improving efficiencies and reducing costs in the current healthcare system. The combination of our nationwide network of providers and payers, with our experienced management team, well positions Emdeon Business Services to continue to lead in bringing efficiency to the entire healthcare revenue cycle. We are very excited by what the future holds," said Mr. Lazenby.