Tuesday December 19, 2017 0 comments
GREENWOOD VILLAGE -- In a move signaling the company's focus on building an aggressive financial apparatus in 2018, Recondo Technology, a market leader in cloud-based single-platform revenue cycle management solutions, today named Craig Niemiec as the company's new chief financial officer.
Niemiec brings decades of accomplishments acquired from financial leadership positions at companies like McKesson Technology, ALLTEL, and Electronic Data Services, and specializes in building teams that relentlessly drive topline growth and cost reductions, Recondo said.
For the past six years, Niemiec has also been a sought-after financial executive for private equity entities, lending his strategic expertise to CFO roles at AxisPoint Health and IMD-Soft.
"Craig Niemiec brings an exciting blend of health IT financial leadership and corporate scale experience to the Recondo executive team,” said Jay Deady, Recondo CEO.
“With Recondo finishing our second year in a row of back-to-back 40 percent growth, Craig is that rare CFO who can put sound and consistent business processes in place to support this dynamic momentum. I couldn't be happier to welcome Craig to the Recondo team.”
Niemiec brings significant expertise in strategically leading financial operations at technology companies, including those in the healthcare IT sector.
During almost a decade at McKesson Technology, Niemiec helped drive business growth of the company from $1 billion in revenues and flat earnings to over $3 billion, creating operating margins of near 12 percent.
Additionally, he performed financial due diligence and integration for numerous acquisitions totaling over $2.5 billion.
At ALLTEL, he directed all CFO functions including finance, accounting, tax, management reporting, forecasting and mergers and acquisitions. He successfully drove cost reductions, including a consolidation of professional services that resulted in $15 million in savings.
Most recently, Niemiec applied his expertise to private equity-helmed companies, serving as CFO and helping to steer the carve-out and related building of a stand-alone business and related infrastructure; and as CFO for international clinical software and services company IMDSoft, where he was instrumental in establishing the "go forward global strategy" for the business.
"Over the course of my career as a financial executive, I've seen up close the true picture of a company's market viability and financial health,” Niemiec said.
“That's one of the reasons I'm really looking forward to joining Recondo Technology. Even during one of the most tumultuous years for national healthcare policy, the company has achieved 40 percent growth, added some of the most well-known hospitals in the country as customers, and launched innovative new solutions that bring artificial intelligence technologies like machine learning and natural language processing that improve the hospital's revenue cycle management.”