Everett graduate heads medical technology company | News

Everett graduate heads medical technology company | News

You are on a cross-nation family vacation, and a medical emergency comes up.

Acquiring the suitable therapy and prognosis may perhaps depend on the provider’s potential to get your correct healthcare historical past.

But will that historical past be correct — or even yours?

An Everett Place Substantial College graduate and the corporation he now heads are committed to building sure that it is.

Ritchey, who graduated from Everett in 1989, grew to become chief govt officer of Verato, a foremost company of identification resolution technologies, powerful April 30.

He replaces retiring CEO Mark LaRow, who had led Verato considering the fact that 2015.

“We are delighted to welcome Clay to Verato. Right after an comprehensive search process, we truly feel privileged to have located somebody with Clay’s successful experience in healthcare and software-as-a-service (SaaS). We are assured that, beneath Clay’s management, Verato will even further its mission to enable change the landscape of health care with far more comprehensive and reliable affected person data,” LaRow said in a information release. “It’s been an outstanding 6 years at Verato, and I’m proud to have witnessed and been a portion of its spectacular expansion in that time. With a strong foundation in location, I know the team will continue to realize success for numerous a long time to come.”

Ritchey can take the reins at Verato soon after a number of a long time of management roles in healthcare technological innovation, including serving as CEO of Evariant, a healthcare SaaS CRM and significant information analytics company, propelling hyper expansion of the organization and primary them to a successful merger with Healthgrades in January 2020 chief promoting officer of Imprvata, CEO of Maryland-primarily based Equinox Healthcare, and vice president of advertising and marketing and strategy at Hill-Rom IT Remedies.

“This is my 3rd opportunity to be CEO of a health and fitness treatment engineering corporation,” he said. “I’ve been privileged to have a incredibly fulfilling job to date.”

However in his early times with Verato, he descried it as “a little bit of a fireplace hose, but a great deal of excitement.”

He discussed that some many years back Congress required healthcare documents charting to be done electronically, with the thought that “your electronic health and fitness information and facts would be sitting in a cloud somewhere” and could be accessed when required by companies everywhere.

The snag, he defined, is that the top quality of the care the individual gets relies upon on correctly matching the individual with their records, which he described as “creating a master affected person index.”

It is been a dream of Ritchey’s for a lengthy time.

Right after completing his education and learning, which incorporated acquiring an MBA from Harvard University of Business and a bachelor of science in electrical engineering from Penn Point out, he was performing properly, but “started noticing that a job for a job’s sake wasn’t that satisfying. You want to do superior even though you were being performing properly fiscally.”

That led him into his career in the healthcare technology industry.

“Health treatment is so inefficient,” he mentioned. “I preferred to do one thing wherever you could leverage technology to provide greater health treatment.”

Ritchey described that the U.S. spends two times as a lot for every capita on medical care than any industrialized business, even though getting only “middling” final results.

“That started out making me imagine, ‘how can we use technology to enable produce improved treatment at a decreased cost?’”

Therefore, Verato’s mission.

The firm, primarily based in McLean, Virginia, in the Washington, D.C. suburbs, also has a existence in suburban Boston, the place Ritchey will have its offices, and a third location in Mexico, where considerably of the engineering is completed.

He observed that one of the effects of the COVID-19 pandemic is that “it has truly changed how to proficiently and productively run a business remotely,” in which the new norm is to look at “talent initial and geography 2nd.

He and his spouse will rejoice their 20th anniversary on Memorial Working day. They have 3 small children, the first two adopted from Guatemala, and “our wonder newborn.”

Ritchey was a standout athlete at Everett, and explained “I treasure the practical experience I had in athletics.” He experienced high praise for basketball mentor Jeff Batzel, now Northern Bedford’s athletic director and monitor and industry mentor.

“He was a great particular person who served me realize leadership ideas,” he said.

Ritchey also recalled math teacher Linda Dodson and physics instructor Jeannie Kline, who “challenged me each individual working day to imagine big, and to obstacle myself to do extra.

“Growing up in Bedford County was these a blessing,” he ongoing. “Very good values the neighborhood aid was actually incredible.”