Availity Appoints Veteran Money Executive Frank Petito as Chief Economic Officer
JACKSONVILLE, Fla., July 20, 2021 /PRNewswire/ — Availity, 1 the nation’s biggest serious-time well being data networks, announced now that Frank Petito has been appointed main economical officer. In his new part, Petito is dependable for foremost Availity’s financial and accounting teams and serves as a strategic associate to the organization’s board of directors and executive leadership workforce pertaining to natural enlargement, mergers and acquisitions, and funds markets possibilities.
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“We are happy to welcome an government chief of Frank’s caliber to Availity to guide our economic groups as we continue our strategic advancement and seek expenditure options that drive further value for companies, payers and individuals,” mentioned Russ Thomas, chief government officer, Availity. “Frank’s role at Availity is crucial as we increase our well being facts network and increase healthcare communications.”
Petito has presently been a wonderful addition to the Availity management workforce. Most a short while ago, Petito led the system to secure Availity’s latest investor, Novo Holdings. As Availity underwent the recapitalization process, Petito ensured a clean transition as the firm secured a new partnership, investor, and more board members. Petito will proceed to enjoy a strategic job in long run financial investment possibilities as Availity ordeals considerable progress.
Formerly, Petito served as chief money officer of Vivid Seats, a private-fairness backed online market for sports, live shows, and theater tickets, where he aided drive successful advancement, optimize money construction, and control the strategic sale of the corporation.
Prior to Vivid Seats, Petito served for 14 decades at Orbitz, wherever he was senior vice president of company progress and president of Orbitz for Company, a business enterprise-to-enterprise division in just Orbitz Throughout the world. During his tenure, Petito served generate Orbitz’s original community featuring, mergers and acquisitions activities, and eventual sale to Expedia.
Earlier in his profession, Petito worked as an expense banker in New York, Buenos Aires, and San Francisco, most just lately at Hambrecht & Quist, a major engineering and progress expenditure lender. Petito graduated from Princeton College and earned an MBA from Stanford University’s Graduate School of Business enterprise.
“Availity has assembled a powerful administration workforce of seasoned enterprise leaders, and I am honored to be part of this team of talented experts,” reported Petito. “I look ahead to contributing to the workforce as we pursue modern means to assist payers and suppliers bolster communications, improve monetary effectiveness, and simplify processes and methods.”
About Availity
Availity is the area in which healthcare finds the answers desired to shift aim back to client treatment. We operate to fix communication difficulties in healthcare by building a richer, additional clear trade of info between overall health ideas, providers, and technological know-how companions. As one of the nation’s biggest wellness details networks, Availity facilitates billions of clinical, administrative, and fiscal transactions each year. Our suite of dynamic items, designed on a strong, intelligent system, allows actual-time collaboration for good results in a competitive, value-primarily based care surroundings.
For far more information and facts, including an on the net demonstration, make sure you check out www.availity.com or call 1.800.AVAILITY (282.4548).
Media Make contact with:
Maddie Noteboom
Amendola Communications for Availity
512.422.3425
[email protected]
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