Wednesday, April 21, 2010

Vermedx, Inc. is seeking a new CEO

This exciting healthcare technology start-up provides state-of-the-art decision support services to patients with diabetes and their physicians. The technology has been proven in clinical trials to generate large first year returns on investment for insurers, providers at risk for utilization expenses, and self-insured employers. The company has 6 employees and serves thousands of patients across the country from its headquarters in Burlington, Vermont. The new CEO will need to improve sales, lead efforts to raise more capital, and support the development of new products and services.

Job Description and Requirements

Position: Chief Executive Officer

Reports to: The Board of Directors

Key Responsibilities
  • Identify, develop and direct business strategy in cooperation with the Board of Directors
  • Plan and direct the organization’s activities to achieve the Board’s targets and standards for customer satisfaction, financial performance, quality, culture, and regulatory adherence
  • Manage the executive team
  • Maintain and develop the organizational culture, values and reputation of the company in its markets and with all staff, customers, suppliers, partners and regulatory/official bodies
  • Direct the sales activity to meet or exceed requirements for revenue growth
  • Lead the company’s efforts to secure additional outside financing through equity, debt or other arrangements as approved by the board of directors
  • Identify and develop strategic relationships that will accelerate attainment of company goals
  • Collaborate with the Chief Operating Officer, Chief Medical Officer, and Chief Technology Officer on the evolution of the Company’s products, technology, and business model.

Other Responsibilities
  • Serve on the Board of Directors, provide them with information needed to fulfill its responsibilities to stakeholders, and propose actions to the Board that support Company objectives.
  • Represent the Company in a manner that reflects favorably upon it.
  • Report to the shareholders and board on organizational plans and performance
  • Provide active personal support to the Sales team in gaining access to qualified customer prospects and closing sales.
  • Actively engage in and represent the company at Conferences and other events
  • Manage financial operations, with appropriate support from the Company’s accountants

Professional Qualifications
  • Prior successful experience in running either a successful for-profit company or a profit center of an established company in the healthcare Provider, Payer, or Information Technology sectors.
  • High level contacts in one or more of the Company’s target markets.
  • Strong practical knowledge of the role and functional aspects of chronic disease decision support technology in clinical settings.
  • Ability to work successfully with medical, IT, operations, and business professionals.
  • Experience in raising investment capital.

  • A combination of salary and equity to be determined.
  • Compensation will depend on the CEO’s impact on increasing the market valuation of the Company.

To apply, please send a letter and resume to
Benjamin Littenberg, MD

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