SpendMend Reports Record Quarterly Revenue Results in Q2 2019

SpendMend builds momentum as company moves into new stare-of-the-art headquarters and executive team expands

The leading provider of cost cycle recovery solutions in the healthcare industry, today announced record quarterly revenues for the second quarter of 2019. Q2 revenue grew 48% year-over-year for the same period in 2018. These results reflect SpendMend’s surging momentum as the industry’s preeminent provider of innovative solutions for cost cycle recovery in the healthcare industry.

In the wake of substantial growth, SpendMend has completed a relocation of its headquarters to a 31,000 square foot state-of-the-art office space in Grand Rapids, Michigan. The new modern facility will benefit internal performance, client facing operations, and allow for employee growth which is expected to grow over 20% for the balance of 2019.

SpendMend is also pleased to welcome Tom Flynn in role of Vice President of Marketing. Tom joins the SpendMend team as an accomplished go-to-market expert who brings a track record of launching and driving rapid growth for technology firms serving the cost cycle marketplace.

“We are excited to welcome Tom to our Executive Team. He knows the landscape, and unique challenges of this industry,” said Dan Geelhoed, CEO. “His knowledge will be critical to achieving our strategic growth initiatives. Tom is a natural fit to join our team and lead our go-to-market efforts as we continue to drive momentum forward while innovating healthcare finances.”

Prior to joining SpendMend, Flynn served as a Vice President of Marketing at PRGX Global, CMO of Lavante Inc. With over 20 years of experience in procurement and supply chain solutions, Tom is a recognized leader in the cost cycle space and has been identified as a 5X “Pro to Know” by Supply and Demand Chain Executive Magazine.

About SpendMend

SpendMend, is the leading provider of cost cycle recovery solutions in the healthcare industry. Our goal is to provide enhanced visibility into the procure-to-pay cycle while leveraging our in-depth industry expertise, gathered over twenty-five years of serving the industry, to identify the root cause of financial leakage and provide actionable insights to help hospitals and health systems prevent profit loss.

Media Contact: Amanda Geelhoed Papach, ageelhoed@spendmend.com