Healthcare >> CEO Interviews >> February 2, 2002
PATRICK B. McGINNIS is Chairman and Chief Executive Officer of Trover
Solutions, Inc. Mr. McGinnis was educated at Centre College (Danville,
Kentucky) and received his MBA degree with honors from the Wharton
Graduate Division of the University of Pennsylvania. He began his
business career in 1973 with Coopers & Lybrand where he was a CPA,
specializing in accounting-related tax matters, acquisitions, and
financial statement presentation of tax information. In 1979, he joined
Humana and rose through a series of management positions in corporate
finance. His last position at Humana was Vice President - Finance and
Planning, where he was responsible for treasury and finance, portfolio
investments, strategic planning, venture capital investing, and
acquisitions and development. Mr. McGinnis left Humana in June 1988 to
found Trover's predecessor, Healthcare Recoveries, Inc. Today, Trover
Solutions is engaged in providing claims recovery services and related
software applications to the insurance industry, on a nationwide basis.
Trover was a venture capital-sponsored company, and its investors were
E.M. Warburg, Pincus Capital Partners and Humana, Inc. In August 1995,
the company merged with Per Se Technologies, Inc. (formerly Medaphis
Corporation), and in August 1996, Mr. McGinnis was named President of
Per Se's healthcare information technology operation. In January 1997,
Mr. McGinnis returned to lead Trover Solutions through its successful
100% IPO spinoff from Per Se Technologies. Mr. McGinnis serves as a
Trustee of Centre College, and he is a Director of Beacon House in
Louisville, Kentucky. Beacon House is a transitional, residential
facility for individuals recovering from substance abuse. Profile
and then give us an overview of what the company is doing at the present
time?
Mr. McGinnis: Trover Solutions was
