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Recondo Technology Announces Two New Board Members
Date:5/20/2009

GREENWOOD VILLAGE, Colo., May 20 /PRNewswire/ -- Recondo Technology, a leading provider of revenue cycle solutions for the healthcare industry, today announced that Harry Gambill and Jeff Fritz have joined the Recondo Board of Directors.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090325/LA89162LOGO)

Harry Gambill began with TransUnion in 1985 and served as President and CEO from 1992 to 2007. During his 16-year tenure, TransUnion grew from a regional credit bureau to a billion dollar global information solutions provider supported by more than 4,100 employees in more than 24 countries. He also serves on the board of ALI Solutions, a leading provider of event-based analytic solutions. Previously, Mr. Gambill served two terms as Chairman of the Consumer Data Industry Association, and served on the boards of TransUnion, Acxiom, and Kanbay.

Jeff Fritz is Executive Chairman of Storyworks Media, a consumer engagement services provider to the healthcare and financial services industries. Prior to founding StoryWorks, he was the founder and CEO of Lighthouse1, an early and successful innovator in the consumer-directed health care field. His companies have been recipients of numerous awards including the Upsize Magazine Business Builder of the Year in 2007 and The Tekne Award. Fritz was also recognized with the CEO CDHC Leadership Award given by the Consumer-Directed Healthcare Expo and was recognized by the Minneapolis/St. Paul Business Journal's 40 under Forty.

"Harry and Jeff bring skills and energy to Recondo," said Rick Adam, Recondo Founder and CEO. "Together they offer strong leadership and experience in both healthcare and information technology. We're fortunate to enlist board members who have achieved such breadth and depth of success and achievement."

About Recondo Technology

Recondo Technology develops Software as a Service (SaaS) that brings efficiencies and cost savings to health care payment processing, which currently costs the medical industry a staggering $360 billion in annual expense. The company's first service, SurePayHealth, performs real-time calculations of patient financial responsibility at scheduling or Point-of-Service, and hospitals using SurePayHealth are collecting cash at rates many times over initial plan. The firm plans to release its second software service, Authorization/Denial Prevention, in 2009.


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