Karen Molis Joins Health Professionals Alliance as CFO
Having served as CFO for New Seasons Market, Molis will now lead all financial and accounting functions for an Oregon-based company supporting independent physicians and dentists nationwide.
Lake Oswego, Ore., United States – January 18, 2021. Health Professionals Alliance Inc. (HPA), a services company that specializes in supporting independent doctors, today announces Karen Molis as Chief Financial Officer (CFO) to be a strategic and financial business partner as the company enters the next phase of growth.
“Joining HPA is an opportunity for me to roll up my sleeves and once again serve an early-stage entrepreneurial company that is on a mission to truly have an impact in an industry desperately seeking new models,” says Karen Molis, chief financial officer. “I am extremely excited to join an organization that has a mission to disrupt and to help private practice doctors improve their bottom line.”
A big part of HPA’s mission is to provide software, services, and resources that will help private practice physicians and dentists bring more profitability, resources, and solutions to their business, which in turn allow them to provide the best patient care.
“Karen’s experience in building and scaling foundational financial and accounting functions across a steadily growing business is an asset to our company and its members,” said HPA Chief Executive Officer, Kate Othus. “There is an obvious parallel in her previous work and the quest that we are on here at HPA. Her background supports our big picture vision and ultimate expansion plans.”
Molis starts this week and brings over 25 years of public and private experience. She recently served as the CFO of News Seasons Market and New Leaf Community Markets where she was instrumental in the 2020 sale of the company to Good Food Holdings.
HPA is a doctor-owned (membership-based) services organization. The company offers services specifically designed to support private practice growth. As a complement to its services and membership model, the company offers a practice equity program. This combined approach allows physicians and dentists to unlock the equity in their practice without having to sell to large healthcare systems hospitals, or private equity.
HPA’s approach arrives on the scene just as job dissatisfaction trends plague physicians and dentists and industry consolidation is trending at a rapid pace. Private healthcare practice acquisition by hospital groups and private equity firms is stripping doctors and consumers of choice.
The company is currently in its third round of funding via private placement memorandum, the Champion Round, to accredited investor dental and medical private practices; the Champion Round provides both a warrant offering included with membership and the potential to invest through HPA’s practice equity program. The company has raised more than $32M in placements to 61 private practices to date with 113 members and founders. Private practice owners interested in exploring joining HPA as a member through the Champion Round should contact Brendon Lundberg, at firstname.lastname@example.org.
Medical and Dental providers currently within HPA’s extended network total over 3,000 medical and dental professionals as of July 2021.
Founded in 2018, Health Professionals Alliance provides a suite of personal and professional services intended to empower and preserve the independent doctor. This alliance employs a holistic approach to growth that helps doctors focus on what they do best, caring for their patients. For more information, visit hpamembers.com.
For more information, press:
Jayme Barnes, Director of Marketing, Jayme@hpamembers.com