Medytox Solutions, Inc. (OTCQB: MMMS) announces the appointment of Jason P. Adams to the position of Chief Financial Officer. Mr. Adams will lead Medytox's finance department in integrating financial and operating systems, expanding business partnerships, and improving profitability.
Previously, Mr. Adams served as CFO of West Central Behavioral Health (WCBH), where he focused his efforts on managed care compliance, preparing the organization for payment reform and improving overall margins. During his time at WCBH, he restructured the organization's credit facility to release more than half of its collateral, while also saving more than 15 percent on annual interest expense. In addition, Mr. Adams implemented a new practice management system in five locations while spearheading a plan leading to accelerated claims collection, reducing receivables by one third. Prior to his position at WCBH, he held similar positions at Alico, Inc. and the Source Interlink Companies, Inc., where he managed accounting, SEC reporting, budgeting, and forecasting, while collaborating with multiple departments on investment opportunities and partnerships.
"Mr. Adams has a track record of improving core financial efficiencies which, combined with direct experience in the sector that accounts for a substantial portion of our operations, adds further capability and leadership strength to our financial team," said Seamus Lagan, CEO of Medytox Solutions, Inc. "His addition to our team will ensure that we execute our short and longer term strategic goals, while continuing to meet the financial reporting needs for our growing group of Companies."
Mr. Adams has extensive experience monitoring the regulatory environment to ensure compliance at all levels. His strategic models have been used in acquisitions, corporate debt ratings, contract negotiations, and company buyouts.
"Growing companies like Medytox Solutions are professionally challenging and rewarding," added Mr. Adams. "It's exciting to begin working with a company as it widens its reach, forges partnerships, and opens new facilities."
Mr. Adams lives in Wellington, FL. He holds a degree in accounting from Castleton University and a CPA designation from the State of Colorado.
About Medytox Solutions, Inc.: Medytox Solutions, Inc. (OTCQB: MMMS) represents a new generation in healthcare -- where integration leads to higher quality, better outcomes, and greater profitability. Today, Medytox applies its innovative approach to a growing family of companies that includes health IT and analytics, electronic health records software, medical billing, health-sector financing, and a large network of clinical laboratories serving healthcare and mental health providers.
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