Skip to content Skip to navigation

athenahealth CFO Leaves Company, Acting CFO Named

May 2, 2014
by Rajiv Leventhal
| Reprints

athenahealth, the Watertown, Mass.-based provider of a cloud-based electronic health record (EHR) system, has announced that chief financial officer (CFO) Tim Adams will be leaving the company and Karl Stubelis, the current vice president and corporate controller, will serve as acting CFO, effective immediately.

Tim Adams has informed the company of his intention to step down as CFO after serving in the position for almost five years. In taking on the role of acting CFO, Stubelis will draw from more than 20 years of experience in finance and operations across various size companies, including Sapient. Adams will remain with the company through the end of May 2014, and has accepted a position as CFO of Demandware, a Burlington, Mass.-based on-demand digital commerce solutions provider.

"Tim has been a great partner and leader in helping to guide athenahealth through its past and current phases of growth. He set us up to operate incredibly efficiently over the years, leaving a strong team of accounting, business analysis, and investor relations experts who work seamlessly across all financial processes. I'm grateful for his many contributions, and while we're sad to see Tim leave, we're excited at the opportunity to find a new chief financial officer for athenahealth," Jonathan Bush, CEO, athenahealth, said in a statement. "As we progress forward with our current and future stages of growth, we'll look for a dynamic business and financial leader who can help us meet our revenue, growth, and profitability goals."



ONC National Coordinator Gets Live Look at Carequality Data Exchange

Officials from Carequality have stated that there are now more than 150,000 clinicians across 11,000 clinics and 500 hospitals live on its network. These participants are also able to share health data records with one another, regardless of technology vendor.

American Red Cross, Teladoc to Provide Telehealth Services to Disaster Victims

The American Red Cross announced a partnership with Teladoc to deliver remote medical care to communities in the United States that are significantly affected by disasters.

Report: The Business of Cybercrime in Healthcare is Growing

While stolen financial data still has a higher market value than stolen medical records, as financial data can be monetized faster, there are indications that there is ongoing development of a market for stolen medical data, according to an Intel Security McAfee Labs report.

Phishing Attack at Baystate Health Potentially Exposes Data of 13K Patients

A phishing scam at Baystate Health in Springfield, Mass. has potentially exposed the personal data of 13,000 patients, according to a privacy statement from the patient care organization and a report from MassLive.

New Use Cases Driving Growth in Health Data Exchange through Direct

In an update, DirectTrust reported significant growth in Direct exchange of health information and the number of trusted Direct addressed enabled to share personal health information (PHI) in the third quarter of 2016.

Insurers to CBO: Consider Private Insurers’ Data in Evaluations of Telemedicine

Eleven private insurers, including Aetna, Humana and Anthem, are urging the Congressional Budget Office (CBO) to consider the experience of commercial insurers when evaluating the impact of telemedicine coverage in Medicare.