Mr. Bahl said, "I am delighted to be a part of the Emdeon team. Emdeon is addressing the growing demand among healthcare constituents for electronic payment and remittance solutions as payers and providers seek to reduce paper and improve the overall speed, accuracy and efficiency of billing and payment administration. We see substantial growth opportunities in Emdeon's markets, and I look forward to working closely with the Emdeon team and our directors in building the leading provider of healthcare solutions."
Mr. Bahl, 45, currently serves as a Special Advisor to General Atlantic, a global growth investor and Emdeon's majority owner. As CEO of Uniprise, a division of UnitedHealth Group, Mr. Bahl was responsible for leading Uniprise's growth and advancing the Group's position as the leading provider of healthcare solutions to the large employer marketplace. He also led UnitedHealth Group's International business operations, including cross-border health benefits services and extensive in-country operations across the globe.
Mr. Bahl joined UnitedHealth Group in 1998 as president of domestic and multi-national employers, governments and institutions. After serving in this position for four years, he was named chief marketing officer of UnitedHealth Group. He was appointed CEO of Uniprise in 2004.
Joining Mr. Bahl as new members of Emdeon's board of directors will be Allen Thorpe and Philip Hammarskjold, managing directors of Hellman & Friedman. Existing board members include General Atlantic managing directors Mark Dzialga and Jonathan Korngold.
Allen Thorpe, Managing Director of Hellman & Friedman LLC added, "We strongly believe in the strength of the Emdeon franchise and look forward to partnering with management and General Atlantic to continue its growth."
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