Inside This Issue - News
Surescripts taps Totonis for CEO post
April 20th, 2009
ALEXANDRIA, Va. – Former MasterCard International executive Harry Totonis took over as president and chief executive officer of Surescripts earlier this month.
He brings to Surescripts a wealth of experience in information services and a track record of running successful network-based businesses.
As head of Advisors Services, the professional and information services arm of MasterCard Worldwide, Totonis expanded the credit card company into decision analytics and information-based products, leading a global team that spanned business development and sales, product innovation, technology development and customer delivery.
Totonis’ efforts are credited with helping MasterCard’s Advisors Services unit achieve substantial increases in revenue and net income.
Totonis had previously spent 14 years with consulting firm Booz Allen Hamilton, where he focused on strategy for global companies in such network-intensive industries as technology, consumer banking, insurance and airlines.
Surescripts owns and operates the country’s largest national electronic prescribing network, connecting and enabling information sharing among thousands of physicians, pharmacies and payers nationwide.
“By replacing cash with more efficient electronic payment vehicles, credit card networks drive benefits to banks, retailers and consumers,” Totonis says. “By replacing paper prescriptions and the manual sharing of prescription history, eligibility and formulary information, the Surescripts network benefits thousands of physicians, pharmacies, payers, hospitals and patients across the nation every day.”
Since Surescripts was formed last year after its predecessor SureScripts Inc. and RxHub merged, the company has been run by co-CEOs Rick Ratliff and J.P. Little. Both have said they will remain with the company. “I am working with them to guide Surescripts through its next phase of leadership and growth,” Totonis says.
With the federal government promising incentives to doctors who write Medicare prescriptions electronically, the prospect of federal stimulus funding to help pay for e-prescribing systems and an expected increase in the number of people taking prescription drugs, the momentum behind e-prescribing is likely to grow, those in the industry say. Consequently, they stress that this is a crucial time for Surescripts.
“The Surescripts network fundamentally improves the way medications are evaluated and prescribed,” says John Driscoll, president of new markets for Medco Health Solutions Inc. and cochairman of Surescripts. “More and more, it will also improve the way providers keep track of medications and monitor the impact on patients’ health.”