DALLAS - Broadlane, the leading cost-management company for healthcare providers, today announced the appointment of Paul Carmody to senior vice president of product development and strategy. Carmody will lead the company's new product development and launch initiatives, as well as expand Broadlane's cost-management offerings to further support client needs.

"Paul has an extensive background in product development in the technology industry, and his expertise will help us better align our product development efforts with our business strategy so we can deliver the most effective and innovative cost-management solutions in the industry," said Tom Sherry, acting president and chief operating officer, Broadlane. "Broadlane is committed to focusing significant resources to advance our existing offerings and develop new solutions and services that will better serve our growing client base and its constantly evolving cost-management needs."

Carmody comes to Broadlane from Rackspace Hosting, a $2.1 billion publicly traded company, which delivers enterprise-level Web hosting services to more than 31,000 customers worldwide. As vice president of product development at Rackspace, Carmody led product managers, engineers and project managers to deliver a range of service and technology products to customers. Prior to Rackspace, Carmody was director of product marketing for Lawson Software.

"Broadlane is driven by helping healthcare providers make the best possible cost-management decisions for their facilities, and I'm excited to join such an innovative, client-centric company," said Carmody. "I look forward to helping Broadlane advance its existing solutions while developing new offerings that not only support client objectives, but also ensure that Broadlane provides the most holistic and effective cost-management solutions."

Carmody's career includes tenures with i2 Technologies and Zenith Electronics Corporation. He began his career as a business analyst at the prestigious consulting firm McKinsey & Company, where his assignments included developing corporate exploration and product strategy for one of Russia's largest oil companies.

Carmody holds a Bachelor of Arts degree from Princeton University in international affairs, as well as an MBA from the Stanford Graduate School of Business.

About Broadlane

Broadlane is the leading cost-management company for healthcare providers, reducing cost and creating operational efficiencies for thousands of acute care hospitals, ambulatory care facilities, physician practices and other healthcare providers in the United States. Its core services include supply chain management and clinical workforce management services.

Broadlane's clients include leading providers such as Advocate Health Care, Ascension Health, Beaumont Hospitals, CHRISTUS Health, Continuum Health Partners, Kaiser Permanente, Kindred Healthcare, MedCath Corporation, New Hanover Regional Medical Center, Sisters of Charity of Leavenworth Health System, Tenet Healthcare, The Health Alliance of Greater Cincinnati, US Oncology and UMass Memorial Health Care.

The company is headquartered in Dallas with offices in Cincinnati, Detroit, Houston, New York City and Oakland. For more information, visit www.broadlane.com.

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