Position Description

Position: Chief Executive Officer

ORGANIZATION: A-Life Medical
www.alifemedical.com

LOCATION: San Diego, CA

COMPANY BACKGROUND

A-Life is the leader in providing the healthcare industry with automated solutions based on its patented Natural Language Processing (NLP) technology. A-Life's products provide efficient workflow management and coding solutions; enable the abstraction of medical data for specialized purposes; and improve clinical data management and physician productivity at the point of care. A-Life utilizes its NLP algorithms along with proprietary knowledge bases of more than ten million medical facts to extract meaning from unstructured free text and automate tedious, complicated and labor intensive tasks.

A-Life intends to leverage its leading-edge NLP technology to be the dominant source of NLP-based productivity solutions in the healthcare market. A-Life's core technical competency is the ability to understand medical terminology associated with physician documentation. Currently, A-Life offers automated coding/workflow products and services that address physician billing for radiology, emergency medicine and pathology. Customers include medical billing companies, physician groups and hospitals. The customer base included 91 customers with over 3,000 users across the U.S. A-Life is evaluating other medical specialties for coding such as orthopedics and cardiology. Also, A-Life sees emerging opportunities that include automated hospital inpatient coding, hospital reporting services (such as requirements for the Joint Commission on Accreditation of Healthcare Organizations (JCAHO), Centers for Medicare and Medicaid Services (CMS), and text mining of clinical information for specialized purposes.

A-Life products are delivered via an Application Service Provider (ASP) model which serves to minimize a customer's investment cost and reduce their implementation cycle to weeks rather than the months (or years) generally required for client/server applications. Revenue is earned on a per transaction basis (involves the coding of a single clinical encounter). Furthermore, the company's ASP model has proven to be a winning solution in ease of use and retention of customers.

Since 2001, A-Life achieved critical mass in its operations, which resulted in substantial improvements in profitability. Fueled by continuing momentum within its sales pipeline and increased industry acceptance of automated coding/workflow solutions using NLP, the Company is well-positioned to continue its growth, with revenue and EBITDA totaling $6.7 million and $1.4 million, respectively, in fiscal 2005. A-Life's customers have implemented the Company's solutions on only a fraction of their total sites, and are working diligently to implement remaining sites, creating a visible implementation backlog representing additional growth within an established customer base. The Company's total implementation backlog with current customers as of February 2006 was $10.5 million. Furthermore, many of the Company's billing company customers are the aggregators in a very fragmented market, bringing even more built-in growth opportunities from the Company's existing customer base.

REPORTING RELATIONSHIP

The Chief Executive Officer reports to the Board of Directors. Direct reports include: Chief Technical Officer; Chief Financial Officer; VP, Client Services & Operations; VP, NLP & Engineering; VP, Sales & Marketing; and Director, Coding & Compliance. A-Life's 50 staff members include a compliment of linguists, software engineers, coders, and other highly skilled staff.

POSITION SUMMARY

The Chief Executive Officer (CEO) will be responsible for building the organization by expanding NLP technology in existing markets and identifying areas for new product development. The CEO will be responsible for guiding the company's strategic partnering and business development strategy.

INITIAL PRIORITIES

• Gain a thorough understanding of A-Life products and services, synergies of the Board and management team, and operational effectiveness of the organization.
• Assess A-Life's strengths and opportunities and engage the Board in formulating a strategic vision for the company.
• Maximize revenue sources by broadening A-Life's coding/workflow products and services.
• Research, assess and develop potential partnerships to grow the business in a profitable direction.
• Leverage technologies of NLP and speech recognition to drive the life cycle development of new products.

CORE ACCOUNTABILITIES

• Maintain competitive edge in the marketplace. Be the company of choice in NLP technology.
• Leverage technologies of NLP to capture market share for emerging technologies related to the exchange of medical information such as ASR/NLP and EMR.
• Build and develop the senior management team and, as required, recruit outstanding candidates to fill critical functional areas.
• Provide effective leadership to the entire organization and create a working environment that promotes high morale and productivity.
• Serve as liaison and channel of communication between the Board and staff.
• Manage the company's growth through appropriate allocation of resources. Accountable for the financial viability of the company.
• Invest time with customers and prospects to ensure customer service and to assist in the sales process.

KEY ATTRIBUTES

• Demonstrate the ability to gain the respect of and lead all the company's constituencies including the founders, the board, venture capital sources, corporate partners, management team and employees.
• Strong entrepreneurial personality coupled with successful commercial experience.
• Strong leadership skills and demonstrated ability to recruit exceptional individuals and build a strong organization.
• Significant experience in identifying, structuring and executing healthcare technology products related to business deals and corporate relationships.

CANDIDATE QUALIFICATIONS

• Ten years in leadership positions within the healthcare technology sector with responsibility and demonstrated success in product development, business development, corporate partnering, and product commercialization.
• Prefer candidates who have been an officer for 10+ years, and a Director or Manager for 5-10 years.

EDUCATION

• Bachelor Degree required. MBA preferred.

COMPENSATION

• A-Life offers an excellent total compensation package with market base salary and equity participation.

Kate Kingsley or Barbara Walker
KLKingsley Executive Search
1333 No. California Blvd., Suite 570
Walnut Creek, CA 94596

Email: kate@klkingsley.com or barbara@klkingsley.com
Web: www.klkingsley.com

Phone: 925-934-4306
Fax: 925-934-4327