Mr. Froude joined CarePayment Technologies, Inc. in 2011 to accelerate growth and development of the company’s CarePayment® business He brings more than 20 years of experience leading a variety of technology and healthcare organizations.
Mr. Froude was founder, chairman and CEO of WellMed, Inc., a market-leading company that created technology-enabled health management programs and benefit decision support solutions to large employers and health insurers. He was responsible for raising more than $25M of venture and strategic partner capital to fuel growth at WellMed, which later was honored as one of the Inc. Magazine “500 Fastest Growing Companies” nationwide. After the company was sold to WebMD in 2002, Mr. Froude ran WebMD Health Services, which achieved a 42 percent annualized growth rate with revenues reaching $95 million and staff of more than 450. He completed the acquisition and integration of four complimentary organizations, and led strategic planning to achieve growth and ROI improvements for the company’s more than 250 clients, which included Fortune 500 companies and a majority of the Blue Cross Blue Shield plans.
He has a degree in finance from Oregon State University, where he serves as an advisor to the OSU Austin Entrepreneurship Program. He sits on the Board of Directors of Portland, Ore.-based Pulse Health, LLC, a developer of biomarker measurement systems, and 4-Tell, a provider of a SaaS personalized product recommendation solution, which works for websites, email, social media and mobile commerce to drive ecommerce revenue.