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Healthcare Cost Reduction Expert Appointed to Serve On Council For Term Expiring August of 2015
Austin, Texas (PRWEB) January 04, 2013
Governor Rick Perry has appointed MEMdata CEO Bob Yancy of College Station, Texas to the Statewide Health Coordinating Council for a term to expire Aug. 1, 2015. The council evaluates long-term local, regional and statewide health needs and provides overall guidance in development of the Texas State Health Plan, which is submitted to the governor every two years.
Yancy is founder and CEO of MEMdata, a technology consulting firm that assists hospitals and health systems in reducing costs. MEMdata was the subject of an independent economic study in 2010 that analyzed the firm's actual cost reduction performance and concluded hospitals and health systems could save $37.5 billion annually by adopting free market competition in supply chain procedures.
The empirical study was co-authored by Dr. Robert Litan, senior fellow for economics with the Brookings Institution, and Dr. Hal Singer, senior economist with Navigant Economics. The empirical study has since been reviewed and was published in the The Journal of Contemporary Health Law & Policy in 2011.
"I'm honored by Governor Perry's appointment and the opportunity to make a difference in healthcare for Texas," Yancy said. "If confirmed I'll work very hard to make a positive contribution."
Yancy is a member of the College Station Chamber of Commerce, Better Business Bureau and American Legion, and a board member of the Scott & White Healthcare Foundation - College Station Region. He served as an air weapons controller and instructor in the U.S. Air Force. Yancy received a bachelor's degree from Texas A&M University.
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