August 1, 2024 — MultiPlan Corporation (“MultiPlan” or the “Company”) (NYSE: MPLN), a leading value-added provider of data analytics and technology-enabled end-to-end cost management, as well as payment and revenue integrity solutions to the U.S. healthcare industry, announced today its CFO transition plan and named Doug Garis as EVP and CFO, effective August 5, 2024.
Jim Head, who has served as EVP and CFO of MultiPlan since November 2021, will transition to a Strategic Advisor role to the Company through the end of the year to ensure a smooth transition.
Mr. Garis is an accomplished executive, bringing nearly two decades of global public markets expertise from technology, healthcare, supply chain and industrial organizations to MultiPlan.
“We are in the midst of an exciting evolutionary journey at MultiPlan that will unlock the potential of our cutting-edge technology and data assets. I am excited to welcome Doug, who brings a depth of financial experience and expertise at publicly traded and high-growth organizations. His proven record of developing financial strategies, leading complex financial reformations, and driving operational efficiency will help MultiPlan reach its next level of transformational growth,” said Travis Dalton, President and Chief Executive Officer of MultiPlan. “We are grateful for Jim’s significant contributions as CFO over the past three years, and I am glad we will continue to benefit from his counsel in the coming months.”
“MultiPlan plays a critical and important role in the healthcare ecosystem, and I am thrilled about the opportunity to join the organization during this period of strategic transformation,” said Mr. Garis. “I look forward to working with the talented MultiPlan team to meet clients’ needs, fulfill our mission, deliver sustainable growth, and create lasting value for all our stakeholders.”
About Doug Garis
Most recently, Mr. Garis was the CFO of Oracle’s (NYSE: ORCL) largest vertical industry – Oracle Health and Life Sciences, where he led all financial operations following Oracle’s $28 billion acquisition of Cerner (NASDAQ: CERN) in 2022 (he was previously Head of FP&A at Cerner). Garis began his career at PwC and went on to hold multiple financial leadership roles at Masonite International Corporation (NYSE: DOOR). Garis holds an MBA in finance from The University of Tampa’s Skyes School of Business and bachelor’s degrees in finance and political science from Florida State University.
About MultiPlan
MultiPlan is committed to bending the cost curve in healthcare by delivering transparency, fairness, and affordability to the US healthcare system. Our focus is on identifying medical savings, helping to lower out-of-pocket costs, and reducing or eliminating balance billing for healthcare consumers. Leveraging sophisticated technology, data analytics, and a team rich with industry experience, MultiPlan interprets customers’ needs and customizes innovative solutions that combine its payment and revenue integrity, network-based, data and decision science, and analytics-based services. MultiPlan delivers value to more than 700 healthcare payors, over 100,000 employers, 60 million consumers, and 1.4 million contracted providers. For more information, visit multiplan.com.
