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|
 MR.
LAWRENCE J. WEDEKIND, CEO |
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IntegraNet Physician Resource, Inc.  |
Electronic Medical Resources, LLC  |
Both companies are located at: 333 North Sam Houston Parkway Suite 1200 Houston, Texas 77060 IntegraNet: (281) 447-6800 Electronic Medical Resources: (281) 405-3431 |
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EDUCATION Regulatory and continuing education in healthcare and healthcare technology- ONGOING M.B.A. & M.H.H.A. - University of Florida, 1979 B.S. - University of Florida, 1977 BACKGROUND AND EXPERIENCE SUMMARY During more than 25 years of operating his own companies (1986-present), Larry Wedekind has been integrally involved in every facet of health care financing and the delivery of health care within the southern half of the U.S. market. The various major projects that he has directed with their associated time frames are briefly described below. |
| 1996 - Present |
• Larry Wedekind formed and developed IntegraNet Physician Resources, Inc. (IntegraNet) in 1996 and functions as CEO of this financially and clinically integrated Management Service Organization. As CEO, he signed a multi-year contract with HMO Blue and Vista Health Plans for the management of Medicaid managed care lives in the Harris County market. Another multi-year contract with Community Health Choice was signed in 1997, and with UTMB and Evercare HMOs in 1998 and 2000 respectively. In 2004, he also signed a major multi-year, multi-product contract with United Healthcare. From 2005 through 2010, IntegraNet added four (4) shared-risk Medicare Advantage HMO contracts that have increased revenues and profits for the company by more than 1500 percent over the past 6 years. IntegraNet now has over 1100 physician clinics that contract with IntegraNet in the Gulf Coast area of Texas, and IntegraNet serves over 18,000 Medicare members in five states. |
| • Mr. Wedekind, along with Ed Horn, formed and developed Electronic Medical Resources, LLC (EMR) in order to assist IntegraNet, other IPAs around the country, and their physicians in the implementation of affordable and relevant electronic health records within their physician offices. The mission of EMR is to clinically integrate physician offices with Hospitals, Laboratories, Imaging Centers, and other outpatient Providers in each market. EMR employs a unique “No Physician Practice Left Behind” service and delivery model that has been embraced by Allscripts as the delivery model of the future in the United States. | |
| 1995 - 1996 | • Successfully turned around a 99-bed hospital in Houston, Texas for the owners (one of the Doctor's Hospitals). This hospital was only 4 days away from losing its hospital license and paying a $500,000 fine to the Texas Department of Health for quality of care infractions. This is the day he began the turn-around at the request of the Texas Hospital Association. The owners were also losing approximately $120,000 per month and were cashing in pension fund money to make payroll upon his arrival. After convincing the TDH that he could improve the quality of care through Board and Medical Staff intervention, the licensure revocation and fines were delayed. Within three months after starting, the licensure revocation and fines were eliminated. The hospital became profitable again, and the owners were later able to sell the hospital operations to another group for a sizable profit and ongoing equity interest in the hospital. |
| 1994 - 1995 | • Successfully reorganized a Ft. Worth, Texas hospital that had filed for bankruptcy protection. The bankruptcy court requested that Mr. Wedekind re-organize the Chapter 11 hospital on behalf of its creditors and the debtor in possession, and the 12 physician owners agreed to support his turn-around efforts. After approximately 11 months of work, the hospital became profitable, and his re-organization plan was approved. Mr. Wedekind then received a 5-year management contract offer from the debtor in possession. However, he turned down the employment offer in order to continue performing hospital turn-arounds in Texas through one of his companies. |
| 1987 - 1994 |
• Contract Regional Director of six (6) hospitals in the
Southeast for American Healthcare Management, Inc. (“AHM”).
His primary responsibility was to form limited partnerships in
each of these markets with the medical staff of each hospital
in order to update equipment and facilities and more effectively
compete with other area hospitals. When AHM unexpectedly filed
for bankruptcy protection in 1988 on the West Coast, he was able
to lease purchase one of these six hospitals from AHM, and was
also able to terminate the regional director contract –
see below. |
