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Larry Wedekind,
CEO |
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Both companies are located at:
333 N. Sam Houston Parkway East
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 20 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
southeastern U.S. market. The various major projects
that he has directed with their associated time frames
are briefly described below.
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1985-1986
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- Mr. Wedekind led the development, construction,
financing, and management of the Walter Reed Medical
Building, a 46,000 sq. ft. medical mall in Garland,
Texas. Larry achieved over 95% occupancy in this building
within the first year, making this a very successful
project.
- Mr. Wedekind led the development, financing, and
operation of a physician-owned Cardiology Diagnostic
Center in Garland, Texas. Twelve physician investors
were brought into this investment opportunity. Their
initial capital investment was returned to them from
positive cash flow within 3 months of start-up operations.
This was the first free Diagnostic Cardiology Center
in Garland and was very successful.
- Mr. Wedekind led the development, financing, and
operation of a physician-owned Imaging Center in Garland,
Texas. Sixteen physician investors were brought into
this investment into this investment opportunity and
their initial investment was returned to them from
positive cash flow within one (1) year. Again, a very
successful center.
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1987-1994
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- Larry was the 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.
- Lease Purchase of Wylie Community Hospital (Wylie,
Texas) from AHM. Mr. Wedekind formed a unique local
physician and management owned company (L.P.) to lease
purchase Wylie Community Hospital from AHM, (which
was in Chapter 11 during the lease-purchase of the
Wylie hospital). His corporation assumed the debt
for the G.P. position, and many local physicians contributed
cash equity in return for pro-rata limited partnership
investments. His company also leased the facility
and operated it as a Limited Partnership for 6 years,
and he was CEO of the G.P. for this new entity for
six (6) years. Since this hospital became very profitable
under Larry's leadership, when the Landlord
changed in 1993, the landlord company attempted to
take back control of this hospital they had previously
owned. After a protracted battle with the Landlord
for control of the hospital, the hospital was sold
to the Presbyterian Hospital System in 1994.
- During this timeframe, Mr. Wedekind also developed
two Sports Medicine Rehab Centers and a Wellness Center
associated with each rehab center. He then formed
a company with other investors to take over the operations
of two 50,000 sqft. super-health clubs in the Dallas
area that had suffered from poor management in the
past, (these clubs were located next to his newly
developed rehab/wellness centers).
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1994-1995
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- He 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.
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1995-1996
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- Mr. Wedekind 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.
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1996-2008
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- Larry Wedekind formed and developed IntegraNet
Physician Resources, Inc. (IntegraNet) in 1996,
and signed a multiyear contract with Blue Cross/Blue
Shield for the management of Medicaid managed care
lives for their HMO Blue subsidiary. He then signed
another multiyear contract with Community Health Choice
in 1997, and with UTMB and Evercare HMO's in
1998 and 2000 respectively. He also signed a major
multi-year, multi-product contract with United Healthcare
in 2004. Recently, he added 3 very large shared-risk
Medicare Advantage HMO contracts starting in 2005,
that have increased revenues and profits for the company
by more than 1000 percent over the past 3 years. As
a result of his solid managed care relationships,
coupled with Mr. Wedekind's recognized leadership
expertise in government-run and third party HMO's,
IntegraNet has grown very rapidly. With the rise of
IntegraNet, he and his outstanding staff literally
know, contract with, or visit almost every primary
care physician and independent practice organization
(IPA) in Harris County and the surrounding 5 counties.
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2007-Present
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- Mr. Wedekind, along with Ed Horn, formed and developed
Electronic
Medical Resources, LLC (EMR) in order to assist
IntegraNet, other IPA's around the country, and their
physicians in the implementation of affordable and
relevant electronic health records within their physician
offices. EMR employs a unique service and delivery
model that has been embraced by Allscripts and other
leading electronic health record companies as the
Delivery Model of the future in the US.
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