March 20, 2018

ServRX Names Mark Smith as Chief Financial Officer

Scottsdale, AZ – ServRx, Inc., an electronic workers’ compensation prescription claims processing company, recently announced the appointment of Mark L. Smith to the position of Chief Financial Officer (“CFO”). Mr. Smith possesses 25+ years of experience as a senior financial officer, including 15 years in the healthcare related industry. His familiarity with both publicly traded and privately owned growth companies is extensive, including technology and financial services industries.

Mr. Smith joins ServRx from his former position as the CFO of iTech Broker, Inc., an internet marketing and financial services firm involved in custom website design and development, eCommerce solutions, SEO, and name branding campaign services.

Previously, Mr. Smith was CFO for Village Estates Corporation, a healthcare company that developed, owned and operated health and assisted care facilities. He was instrumental in designing a groundbreaking billing and service tracking system in the senior care industry.

He spent nearly 10 years as CFO at Avesis Incorporated, a NASDAQ public company. Avesis is a healthcare company that offers ancillary health benefit programs through its nationwide preferred provider organization. Avesis is also a third-party claims administrator of prescription drug programs as well as vision, dental, and hearing programs. Mr. Smith worked alongside the founder of Avesis, who was also the cofounder of National Council for Prescription Drug Programs (NCPDP) and the innovator behind the creation of the pharmacy benefits management (PBM) segment of the healthcare industry.

An alumnus of Indiana University, Mr. Smith earned a Bachelor of Science in Accounting, obtained his CPA certification, and joined the accounting firm of Coopers & Lybrand. He is a past member of the American Institute of Certified Public Accountants as well as the Arizona Society of Certified Public Accountants.

Mr. Smith stated, “I’m extremely honored to join this fast-growing leader in the electronic workers’ compensation prescription claims processing industry. I believe with my past experience of understanding explosive growth companies coupled with my public company compliance background, I can bring a fresh perspective to the financial and accounting functions of this dynamic growing company. I look forward to rolling up my sleeves and working alongside the ServRx team and Board of Directors in an effort to help this company advance to the next level.”

“Mark is an accomplished executive with significant leadership and business experience, including proven ability as a successful CFO with strong financial discipline in both the healthcare and technology sectors. He will be a tremendous addition to our team,” said Todd Delano, ServRx’s President and Chief Executive Officer. “We believe Mark possesses the right blend of financial and business expertise required to help us continue the traction we’ve gained in the marketplace by executing on our current long-term growth and financial strategy.”

Source: ServRX/The Miller Group

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