FOR IMMEDIATE RELEASE
December 18, 2017
Contact: Bernadette Greatorex, Director of Business Development
Telephone: (860) 339-1754
MedOptions Appoints New Roles Within Senior Leadership Ranks
OLD LYME, Conn., Dec. 18, 2017 – Thomas McInerney, newly appointed CEO of MedOptions, the nation’s leading provider of behavioral health services to skilled nursing and assisted living facilities, announced that Richard Nankee has been named Chief Financial Officer and Nicholas Mercadante, former Vice President of Payor Relations, has been promoted to President and Chief Operating Officer. Mr. Mercadante will retain his role as General Counsel.
Joining MedOptions in October 2017, Mr. Nankee has already begun making an impact within the organization. His prior experience includes work across multiple industries spanning the insurance, manufacturing, and healthcare sectors, both in “for profit” and “non-for profit” capacities. He has had a variety of roles in his career including Controller, Vice President of Corporate Finance, CFO, and Divisional CFO within entities ranging from $20M to $340M in annual revenue. Mr. Nankee received an undergraduate degree from Southern Connecticut State University where he received a B.S. in Accounting/Finance and he is also an alumnus of Indiana University’s Kelly School of Business, earning an M.B.A. in Finance.
“I’m excited for this opportunity with MedOptions to lend my experience in helping the Company execute upon its goals and capitalize upon the robust growth of this marketplace,” Mr. Nankee said.
Mr. Mercadante has been a member of the MedOptions team since July 2015. Initially serving as General Counsel and Vice President of Payor Relations, he now transitions to a senior operational leadership role. He has held numerous roles in healthcare and representing client interests as an attorney. Mr. Mercadante is an active member of the American Health Lawyers Association, the Association of Corporate Counsel, and the Health Care Compliance Association. He is licensed to practice law in Connecticut, New Jersey, and Texas. Mr. Mercadante obtained his J.D. from Tulane UniversityLaw School, and holds certifications in international and comparative law as well as alternative dispute resolution. He received his undergraduate degree from Fairfield University.
“I look forward to helping MedOptions achieve growth and success as the national leader in geriatric behavioral health care in the long-term care space,” Mr. Mercadante commented. “The healthcare landscape is rapidly progressing towards value-based and outcome-driven care. I’m excited to apply my patient-first philosophy and experience in healthcare legal practice and management to help MedOptions achieve its goals.”
Mr. McInerney noted, “These two executive appointments help to round out our leadership team as we aggressively take advantage of market opportunities and I am proud to be partnering with both Rich and Nick in their new roles. Rich’s breadth of experience and results-driven philosophy made him a natural choice as Chief Financial Officer and Nick brings a unique background, vast knowledge of the healthcare industry and a progressive management style to the Chief Operating Officer role.”
MedOptions (www.medoptionsinc.com) partners with skilled nursing and assisted living facilities across the country to provide behavioral health services, including memory care evaluations, medication management, and behavioral interventions. Through multidisciplinary teams comprised of psychiatrists, psychologists, nurse practitioners and licensed clinical social workers, MedOptions is uniquely equipped to manage the breadth of behavioral health conditions. Today, MedOptions clinicians provide on-site services to more than 1,600 facilities nationwide.