Healthcare veteran to lead innovative SaaS and embedded finance retail healthcare platform
PracticeTek, a leading provider of software, payments and billing solutions to the retail healthcare market, has announced that Steve Auerbach has been named Chief Executive Officer, effective May 1, 2024. Steve has served as the Chairman of the Board since October 2023.
“In my role as Chairman of the Board, I have developed a deep passion for our team and conviction around our tremendous opportunity ahead to revolutionize the retail healthcare industry. I look forward to working closely with the PracticeTek team to create an industry-leading platform for our customers.”
Steve brings more than 30 years of healthcare experience, having most recently served as the CEO of Alegeus, a leading benefit administration platform in consumer directed healthcare and a former Lightyear Capital portfolio company. Prior to Alegeus, Steve was the President of Connextions, a leading member acquisition platform for the nation’s top health plans acquired by OptumHealth in 2011, and held senior leadership positions with UnitedHealth Group, ChannelPoint, and Cigna.
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“I am thrilled to accept the role as Chief Executive Officer of PracticeTek,” said Steve Auerbach. “In my role as Chairman of the Board, I have developed a deep passion for our team and conviction around our tremendous opportunity ahead to revolutionize the retail healthcare industry. I look forward to working closely with the PracticeTek team to create an industry-leading platform for our customers.”
“We are excited to have Steve join PracticeTek as Chief Executive Officer,” said Michal Petrzela, Managing Director at Lightyear Capital, which owns majority stake in the Company. “We have known Steve for more than a decade dating back to our partnership with him as CEO of Alegeus and more recently as an Operating Partner at Lightyear. We are confident in Steve’s leadership and proven track record of building industry-leading organizations. We look forward to working closely with him through PracticeTek’s next phase of growth.”
In his position, Steve will oversee revenue growth, day-to-day operations, and all aspects of organizational management. With an extensive background in transformational leadership that spans the healthcare, insurance, and financial services industries, Steve boasts a record of notable achievements and attention to increased customer success.
Michael Langer, Managing Director at Lightyear, added, “Steve brings strong consumer directed healthcare experience, which is critical to understanding the needs of PracticeTek’s retail healthcare providers from patient engagement to care delivery, billing, and payment. We are pleased to welcome Steve and are confident that his experience will enable him to build off PracticeTek’s strong foundation to significantly grow the company.”
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