XIFIN®, Inc., recently named the fifth fastest growing technology company in San Diego, announced today the appointment of Judd Jessup to its Board of Directors. XIFIN, using its patented technology, provides highly automated accounts receivable and financial management systems and services to independent clinical and hospital laboratories.
Jessup brings over 30 years experience in managing and building successful healthcare companies. While CEO of US Labs he grew revenues to $75 MM before successfully negotiating its sale to Laboratory Corporation of America (LabCorp) in 2005 at a significant premium to market. Prior to that, Judd was President of the HMO Division of FHP International, which provided healthcare to more than 1.8 million members in 11 states. He joined FHP in 1994, when FHP acquired TakeCare Inc., an HMO operating in California, Colorado, Illinois and Ohio, where Judd had been President since 1987. Judd is credited with TakeCare’s growth from a 150,000 member privately held HMO in Northern California to a multi-state, publicly traded organization with 790,000 members and $1.1 billion in annual revenue. Currently, Judd serves on the Board of Directors for Corvel Corporation, a publicly held workers compensation utilization management company and NovaMed Holdings, Inc., a publicly held eye-care services provider. Judd earned his BA degree from Knox College in Illinois and his MBA from the University of Denver.
"I am very happy to join XIFIN’s Board,’ stated Mr. Jessup. "They have a truly revolutionary product and, having been an early adopter of the product while at U.S. Labs, I know the product delivers what it promises. I look forward to helping XIFIN become an industry standard."
"Attracting a business leader of Judd’s stature to our board is a huge win for XIFIN," commented Lale White, Executive Chairman and Founder of XIFIN. "His industry knowledge as well as his experience as a XIFIN customer will be a great asset and an excellent complement to our existing board members. We are very excited and look forward to working with him."
Dave Flaugh, XIFIN Board member and former LabCorp COO notes, "In addition to his leadership, as a former XIFIN customer Judd brings an invaluable perspective, and a tacit acknowledgement and understanding of XIFIN’s business model."