Novus Appoints Insurance Executive to Head MMJ Division
June 11th, 2014
News, Top News
Novus Acquisitions & Development Corp. [stockquote symbol=”NDEV”], a healthcare focused company operating within the medical cannabis industry, recently announced the appointment of Andrea Lopez, MSM, AHFI, as an Executive Board Member and the new CEO of its Novus Medical Group Inc. subsidiary that’s focused on the medical cannabis market under the name Novus MedPlan.
“After reviewing Ms. Lopez’s credentials, especially her tenure at International SOS, Express Scripts, and PCS (now owned by Caremark), where she developed and led enterprise-wide efforts at the executive level, rolled out global Health Care programs with tight internal controls, and detailed policies and procedures to mitigate risk, we knew her experience would prove invaluable to our team,” said CEO Frank Labrozzi in a recent press release making the announcement.
With over 15 years of experience in health insurance compliance and delivery, Ms. Lopez will lead the company in its efforts to provide medical cannabis health insurance plans and related services. She is also an active member of the Global Healthcare Anti-Fraud Network, the National Health Care Anti-Fraud Association, and various other industry groups designed to combat fraud.
Novus Medical Group aims to capitalize on the lack of health insurance coverage available for patients within the medical cannabis industry. According to some analysts, the market for medical marijuana in Colorado alone is estimated to be $350 million in size and the U.S. market as a whole could be worth between $10 billion and $120 billion per year inclusive of medical and recreational cannabis.
Shares of Novus Acquisitions & Development Corp. were roughly even in early trading on Wednesday morning.
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