authors Geert De Lombaerde
Change Healthcare has hired a veteran of General Electric and Microsoft to direct the technology aspect of its products and services.
Steven Martin has joined Nashville-based Change Healthcare as executive vice president of enterprise technology, a position that places him in charge of the company’s research and development, information security and IT operations. In the nine months ended Dec. 31, Change Healthcare’s software/analytics and network solutions divisions booked revenues of $1.63 billion and produced adjusted EBITDA of almost $750 million.
Martin comes to Change Healthcare after working more than three years at GE, including as head of its power subsidiary’s software group and then was acting CEO of GE Digital, the conglomerate’s analytics and advisory unit, until last December. Before that, he spent 14 years at Microsoft, including as general manager of its Azure project and as chief data scientist. He will report directly to President and CEO Neil de Crescenzo.
“He is an innovator, an expert with command of business and technology and the vision to see its potential applications,” de Crescenzo said in a statement. “As we work with our customers and partners to accelerate their transformation of the health care system, Steven’s proven track record and creativity in large-scale environments make him a great addition to our team.”
Change Healthcare is one of Middle Tennessee’s largest tech organizations. The company’s networks process about 14 billion transactions annually and manage the clinical records of one out of three people across the country. Shares of the company (Ticker: CHNG) were changing hands at $10.39 midday Monday, down about 1 percent on the day. They’re down roughly 35 percent year to date.