Healthcare Professionals Alliance appoints Kate Othus as CEO
LAKE OSWEGO, Oregon – (COMMERCIAL THREAD) – Today, Health Professionals Alliance Inc. (HPA) announced the appointment of Kate Othus as CEO. HPA is a service company specializing in supporting independent doctors. Othus previously held the post of president.
Othus joined the company in January 2020. As the founder of a prior software company, she brought with her DataDx, a cloud-based software solution that provides advanced real-time analytics specifically for practice owners. independent. This advanced analytics platform is a core offering from HPA. Together, with software and services, these two organizations help independent physicians and dentists meet their revenue and cost of care goals without ever compromising the quality of care.
HPA’s offering is coming onto the scene just as trends in job dissatisfaction are plaguing physicians and dentists, and industry consolidation is occurring at a rapid pace. The acquisition of private health care practices by hospital groups and private equity firms deprives physicians and consumers of their choice.
“HPA is able to offer an effective alternative and help private practice to thrive,” said Kate Othus, CEO of HPA. “It is my goal that we build a next-generation organization that aligns with physicians and engages them in a large-scale regional alliance across the country, and allows physicians to focus on improving health. health of the patients they serve. ”
The National Medical Group Managers Association recently honored Othus with his extraordinary recognition of leaders. Her experience as a CEO in healthcare administration and as a technology founder will be an asset in her role as CEO of HPA.
“Othus has a reputation for being a systems thinker and solving the big problem,” said Eric Schulz, president of Consulting Services, HPA and assistant professor at Oregon Health Sciences University (OHSU). “Her experience working side-by-side with physicians has enabled her to identify solutions that will strengthen independent practices in innovative ways, physicians are often too focused and busy to realize.
HPA also announced that Roy Rose, previously CEO, will assume the role of executive chairman. Other recent organizational changes include the hiring of Scott Bishop, as General Counsel, two new Regional Directors and a new Regional Director which will begin in October. The company is also actively recruiting a CFO. Kelly Neil is one of the most recent additions to the team, as an associate administrator.
HPA has created a service-based healthcare business where physicians not only benefit from low cost essential services and a cutting edge data analytics dashboard, but they also have the opportunity to be shareholders. through an equity of practice program that allows physicians to unlock equity in their practice without having to sell to large healthcare systems or investors.
Later this month, the company will open its third private placement, the Champion Round, to private dental and medical practices approved by investors. The company has raised more than $ 31 million in investments with 40 private firms to date. Medical and dental providers currently within HPA’s extensive network total more than 3,000 medical and dental professionals as of July 2021. Private practice owners interested in exploring investments in the Champion Round should contact Brendon Lundberg, HPA, at brendon @ hpamembers.com.
Founded in 2018, Health Professionals Alliance offers a range of personal and professional services aimed at empowering and preserving the independent physician. This alliance uses a holistic approach to growth that helps physicians focus on what they do best, caring for their patients. For more information, visit hpamembers.com.
Any offer can only be made to qualified investors through the authorized private placement memorandum which contains important information on the investment, activity, management and certain risks. Health Professionals Alliance Inc. is not a registered broker, investment firm, investment advisor or crowdfunding portal and does not engage in any conduct requiring such registrations.
The securities offered through the private placement memorandum will be offered in accordance with the exemption from registration under the Securities Act of 1933, as amended in accordance with Rule 506 (c) under Regulation D promulgated by the Securities and Exchange Commission (“SEC”). All potential investors must certify that they are accredited investors and provide either supporting documentation or third party verification, eligible for this type of illiquid investment, and must acknowledge that they have received and read all documentation. ‘investment. There can be no assurance that Health Professionals Alliance Inc. will be able to pay dividends in the future or that a market will be established for its securities. Additional risks exist due to operations and responsibilities. There is a potential for loss of some or all of the investment capital. Neither the SEC nor any federal or state securities commission or regulatory authority has recommended or approved any investment or reviewed the accuracy or completeness of any of the information or materials presented. All investors must decide for themselves whether they wish to invest, based on their own independent assessment of the investment and their tolerance for risk.