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Lou Silverman Appointed Chairman and CEO of Advanced ICU Care

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SOURCE Advanced ICU Care, Inc.

Appointment signals a new era of accelerated growth and expansion

ST. LOUIS, Feb. 19, 2014 /PRNewswire/ -- Advanced ICU Care®, Inc., the nation's largest provider of telemedicine solutions to hospital intensive care (ICU) units, today announced the appointment of health care executive Lou Silverman to the position of Chairman of the Board and CEO. Silverman will leverage his more than 20 years of experience in C-level and Board-level leadership to help the company build upon its success in 55 contracted hospitals across 19 states as well as fuel company expansion.

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Silverman will focus on accelerating Advanced ICU Care's growth while sustaining and expanding upon the high level of quality and service the company delivers to its hospital partners and their patients. This will enable the company's team of nearly 200 clinical, management and technical professionals to continue to elevate the standards for ICU clinical excellence and outstanding care delivery.

Welcoming Lou Silverman, Barbara N. Lubash, Managing Director at Versant Ventures and Advanced ICU Care board member states, "With pressure on hospitals to deliver better outcomes and higher patient satisfaction at lower costs, there is a tremendous need for what Advanced ICU Care does. Lou's experience in driving intelligent growth in health care technology and service companies will be invaluable as the company continues to capitalize on the expanding market opportunity."  Fellow director John Reardon, Managing Director at Trident Capital adds, "Lou is committed to maintaining the company's high standards for clinical and operational quality, both in working with its hospital partners and ensuring a vibrant working environment for the people who make Advanced ICU Care an industry leader. We are excited that he will be leading our team."

Before joining Advanced ICU Care, Silverman served for three years as CEO of Marina Medical Billing Service Inc. (now a part of T-System), a technology-enabled provider of revenue cycle management services to emergency department physicians. Durheing his tenure the number of hospitals served by the company grew by nearly 60 percent. Previously, he was CEO of Quality Systems, Inc., a health care information technology company that develops and markets administrative and patient record software to hospitals and physicians. During his eight-year tenure, the company's revenue grew nearly 800 percent to approximately $250 million, and its market capitalization increased nearly 30X to $1.2 billion.  

Silverman also spent more than seven years as Vice President of Operations/COO of CorVel Corporation, a managed care services company serving the worker's compensation, auto and health markets, helping the company achieve record financial performance during each year of  his tenure. He now serves on the Board of Directors of several health care-related organizations, including Questcor Pharmaceuticals, Loving Care Agency, Inc. and LifeMap Sciences.

With the appointment of Silverman, Advanced ICU Care founder  Mary Jo Gorman, M.D., MBA will shift her focus to working more closely with the company's new and existing hospital partners, helping expand the utilization and impact of the company's telemedicine solutions. Dr. Gorman will also continue to represent the company as a pioneering telemedicine expert and frequent speaker at industry events.

"Advanced ICU Care provides a very valuable service to hospitals, physicians, ICU nurses, patients and others involved in critical care, especially given the shortage of qualified providers most ICUs are facing today, " said Silverman. "The improvements in quality, outcomes, and efficiency for hospitals and ICU patients driven by intensivist-led, technology-enabled telemedicine are inspiring. I fully expect that our focus and investments in clinical and operational excellence, growth and innovation will continue to benefit patients and providers today and in the years to come."

Silverman earned his MBA from the Harvard Business School. He holds a Bachelor of Arts in American Studies, cum laude, from Amherst College.

Investors in Advanced ICU Care include Versant Ventures, Arboretum Ventures, Trident Capital and Catalyst Capital.

Tweet This: Lou Silverman joins @AdvancedICUCare as CEO. #ICUtelemedicine #tele-ICU

About Advanced ICU Care, Inc.

Advanced ICU Care helps improve ICU patient care. As the nation's largest provider of tele-ICU services, Advanced ICU Care has a proven track record of improving the clinical and financial performance of its hospital partners. The company employs nearly 200 clinical, management and technical professionals. Its tele-ICU programs combine experienced intensivist-led care teams, sophisticated technology and collaborative programs with hospital staff to focus on evidence-based best practices that improve patient care and safety. Its team brings insights gained from decades of nationally-recognized ICU leadership and expertise in both bedside ICU and tele-ICU environments. For more information, visit www.icumedicine.com.

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