Omni/Glofin Announces New CEO
Jeffrey M. Blum is appointed CEO of OMNI Healthcare/Glofin Funding, effective June 2021
CHARLOTTE, N.C., JULY 29, 2021
OMNI Healthcare/Glofin Funding (Omni/Glofin) is pleased to announce the hiring of Jeffrey M. Blum (Jeff) as CEO, effective June 2021.
Executive Chairman and Board Member, Scott Heberton, explains, “We spent months diligently working to identify a CEO candidate who embodies the leadership skills, industry experience, and dedication required to lead our team. It is with great enthusiasm that we welcome Jeff Blum as our new Chief Executive Officer.”
Jeff has a diverse career background, including extensive time as a leader in the Revenue Cycle Management industry. For the last 13 years, Jeff has been with R1RCM/Accretive Health, a leading provider of technology-enabled revenue cycle management services which transform and solve revenue cycle performance challenges across hospitals, health systems, and physician groups.
He has overseen all revenue cycle operations, including Patient Access, Information Management, and Patient Financial Services. Jeff also has developed and leveraged high-performing teams and innovative strategies to grow revenue and improve outcomes. During his time at R1, he led revenue cycle operations for eight hospitals and oversaw nearly $2 billion annual net revenue. His contributions included industry-leading programs to reduce insurance denials and best-in-class revenue cycle performance.
“I’m excited to have the opportunity to join such a dedicated and successful group of leaders and employees at Omni/Glofin. I quickly recognized the untapped potential of this company and saw a tremendous opportunity for continued growth within the medical lien funding space. Omni/Glofin has an excellent platform anchored by its industry-leading priority technology and outstanding team of experienced employees. Recognized as an industry leader, Omni/Glofin is poised to expand its suite of services beyond the southeast,” says Mr. Blum.
Mr. Heberton continues, “Jeff is a hands-on executive who will encourage engagement and partnership from all the employees of Omni/Glofin. I cannot stress enough how important it is to understand that Jeff Blum’s appointment as CEO demonstrates Lovell Minnick Partners continued support and investment Omni/Glofin, our team, and business strategy.”
Mr. Blum graduated from Towson University outside of Baltimore, MD, with a degree in business administration and marketing. He resides in Charlotte, NC, with his wife and has two grown children and one grandchild. He enjoys cycling, many outdoor activities and is a BMW motorcycle enthusiast.
Since 2005, OMNI Healthcare/Glofin Funding has been committed to ensuring personal injury patients have access to quality healthcare, and medical providers can be compensated quickly and fairly for the care they provide. How? By purchasing patient medical liens and providing medical lien management for medical providers. This ensures patients get the care they deserve, and medical care providers get paid for the services they render no matter the outcome of a personal injury settlement.
Headquartered in Charlotte, NC, Omni/Glofin also has offices in Atlanta, GA, and Greenville, SC.
Global Financial, a leading national provider of financial solutions to healthcare providers and patients, announced today that it has completed the acquisition of Omni Holdings, a medical lien financing company.
CHARLOTTE, N.C. (PRWEB) APRIL 17, 2019
Global Financial, a leading national provider of financial solutions to healthcare providers and patients, announced today it has completed the acquisition of Omni Holdings. Financial terms of the private transaction were not disclosed.
Founded in 2012, Omni Holdings is the leading medical lien funding company operating in the Southeastern U.S. Through its subsidiary companies, Omni helps finance essential medical treatment for individuals in need of physical therapy, surgery, chiropractic care, pain management, radiology, and other diagnostics and forms of treatment. Omni’s funding solutions provide immediate working capital to healthcare providers administering such procedures, enabling patients to access care immediately, often in circumstances in which traditional funding sources, including health insurance, are insufficient or unavailable. Through affiliates, Omni also provides pre-settlement advances, which provide financing solutions to patients to help cover essential needs and other living expenses as they undergo care.
“We are excited to welcome the Omni team to our organization,” said Wensley McKenney, Founder and Chief Executive Officer of Global Financial. “Omni has built a strong reputation with medical providers and the legal community and has exhibited robust growth over its seven-year history. Its high-touch client service model is highly additive to our business, providing us with an exciting way to better serve our clients.”
“Global’s experienced leadership team, scale, and access to capital enable us to further expand Omni’s services to new medical providers and geographies,” said Rich Rescigno, who will become President of the combined company. “We look forward to the opportunities this will create for our customers and employees.”
This acquisition builds upon a significant period of growth for Global Financial. In 2017, Lovell Minnick Partners, a private equity firm focused on financial services companies, acquired a majority stake in Global Financial. Since the Lovell Minnick investment, Global Financial has grown considerably and expanded its service, technology, and product offerings.
About Global Financial Credit
Global Financial Credit provides financing solutions to healthcare providers and individuals following personal injury events. Founded in 2002, Global is headquartered in Charlotte, NC. Through its subsidiary brands, the Company provides medical lien funding and pre-settlement advances to clients across the entire United States. The Company sources business through direct marketing and has an extensive business referral network that includes healthcare providers and law firms.
About Omni Healthcare
Injury Funding, LLC (“Omni”) provides medical lien funding and pre-settlement advances. The business operates through its two branded subsidiaries, Omni Healthcare, and Peak Funding Group, to deliver best in class medical funding and pre-settlement advance solutions to medical providers and injured plaintiffs involved in clear-liability litigation. Omni was founded in 2012 and has built a strong reputation with attorneys, medical providers and plaintiffs for delivering high-quality service.
About Lovell Minnick Partners
Lovell Minnick Partners is a private equity firm focused on investing in the global financial services industry, including related technology and business services companies. Lovell Minnick provides developing companies with equity capital to support private company recapitalizations, execute majority buyouts, and pursue growth initiatives. Since its inception in 1999, Lovell Minnick Partners has raised over $3 billion in committed capital and has completed investments in over 50 platform companies. Targeted investment areas include asset management, financial product distribution, insurance, banks, specialty finance, and related technology and business services. Over its twenty-year history, Lovell Minnick has built a steady track record of investment returns through a consistent investment process that focuses on driving portfolio company growth, strategic activity, and operational improvement, without relying upon excessive financial leverage.