Outcomes Matter Innovations on Monday said Dr. Andrew Pecora has been named chairman and CEO of OMI, and Benjamin Schoen has been named executive vice president and chief business officer.
Pecora, a nationally recognized leader in health care innovation and the founder of the Jersey City-based firm, has been instrumental in the growth and success of the company since inception.
Under Pecora’s leadership, OMI has developed and launched value-based care programs in ophthalmology, pulmonology and breast cancer, which have proven to maintain or improve clinical outcomes for patients and reduce the total cost of care for health plans and government payers.
In addition to value-based care, Pecora has driven the rapid growth of OMI’s management services and site research organization businesses, developing customized programs and workflows for the management of hospital systems, oncology centers and large physician group practices, and assisting clinical research sponsors in the successful execution and completion of clinical trials.
“Andrew is uniquely qualified to lead OMI. He is a distinguished physician-scientist who has dedicated his life to developing innovative oncologic treatments,” Dr. Glen Gejerman, an OMI board member, said. “His deep medical knowledge, his understanding of emerging scientific discoveries and his business experience are the essential qualities necessary to develop and execute patient-centric and value-based care delivery paradigms.”
Pecora is one of the world’s experts in blood and marrow stem-cell transplantation, cellular medicine and immunology research. He has led award-winning research funded by the National Cancer Institute and the AHEPA Research Foundation and has been involved in clinical evaluation of novel agents including cancer vaccines, replication competent viruses and targeted therapies.
Schoen has 20 years of senior management experience in health care, most recently as the managing director, network, and senior vice president at One Call Care Management, the nation’s leading provider of specialized solutions to the workers’ compensation industry. Prior to that, Schoen held executive positions in the group health space, serving as chief operating officer for Aetna Better Health of Kentucky, chief operating officer at Molina Healthcare of Illinois and corporate market leader at Humana.
“Ben is the right fit for OMI,” Pecora said. “His leadership experience and business development background will assist OMI in strengthening channel partnerships, developing strategic relationships and expanding our presence in multiple revenue streams. We believe his strong health care acumen will help OMI rapidly grow the business and remain EBITDA positive throughout the process.”
“I am very excited to have joined the highly talented OMI team,” Schoen said. “OMI has a great business model and offers a unique solution to expanding value-based care into the specialty arena, which is a hurdle experienced by the entire health care industry. I believe OMI is well-positioned to accelerate the adoption of value-based care with both health plan payors and providers by supplying front-end financial security while delivering back-end assurance of relevant clinical outcomes.”