Thursday, QuadraMed Corp. (QDHC) appointed Michael Simpson as Senior Vice President of Product Strategy and Development. In this capacity, Simpson will lead QuadraMed's product strategy, product development, and technology/architecture operations. Simpson has more than fifteen years of domestic and international management experience across various market segments, including healthcare information technology, telecommunications, media and high tech industries.
Simpson was previously with McKesson Corporation, where he served in multiple executive roles, including Senior Vice-President and Chief Technology Officer, McKesson Provider Technologies, Senior Vice President and Chief Technology Officer for McKesson Technology Solution's International Operations, and Senior Vice-President and General Manager, Horizon Clinicals. Simpson brings extensive experience to QuadraMed in product life cycle management and technology development and deployment for a comprehensive range of clinical and financial solutions including electronic health records.
The company granted Simpson options to purchase 90,000 shares of its common stock at an exercise price equal to its closing stock price on Simpson's start date. The options have a ten year term and vest 25% on the first anniversary of the date of grant and 75% in thirty-six equal monthly installments following such anniversary.
QuadraMed Corp., together with its subsidiaries, provides information technology solutions for healthcare enterprises primarily in the United States, Puerto Rico, Canada, Saudi Arabia, and the United Kingdom.
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