Mark Helvick, CPA, has been named chief financial officer of RESTAT, the largest privately held prescription benefits management company in the U.S. RESTAT, based in West Bend, is a portfolio company of Milwaukee-based F. Dohmen Co., a health care services company.
RESTAT’s prescription benefits management and health care payer services have grown significantly in recent years, and the company needed a new financial management strategy, said David Kwasny, president.
“Mark Helvick is uniquely qualified to support RESTAT’s aggressive growth plan,” he said. “He has built a significant career in health care with experience in the acquisition, integration and, start-up of multiple benefit management offerings.”
Before accepting the CFO position with RESTAT, Helvick served as CFO at OptumHealth Specialty Benefits and president and chief operating officer at National Benefit Resources Inc. Both companies are based in Minnesota. He previously worked at Milwaukee-based Assurant Inc., rising to vice president and controller.
“I am thrilled to use my strong analytical background for a company that is looking to challenge the norms, increase efficiencies and reduce costs,” Helvick said. “I believe our society has been damaged by Wall Street’s pursuit of purely financial-based goals. As we further align to meet our clients’ needs to reduce the complexity and cost of health care, we are actually helping to improve a fragmented health system.”
By bringing Helvick on board, RESTAT will be better able to assist its clients in controlling their health care costs, Kwasny said.
“The extensive knowledge and expertise that Mark brings to his position as CFO will assist us as we partner with our clients to provide access to high-value pharmacy benefits and other life science utilization in a cost-contained, cost-plus, transparent model,” he said.