Louis Chenevert’s Accomplishments in his Career

Louis Chenevert is a prominent Canadian businessman who has achieved a lot in his career. He started off as a junior officer and grew through the ranks to hold the highest offices in the organizations he worked. Born in 1958, Chenevert grew in Montreal, Quebec, where during his childhood years he showed much interest in entrepreneurship. This made him work hard in school and he eventually joined the HEC Montreal Business School, an affiliate of the University of Montreal where he did Production Management.

Further, after his studies, Louis Chenevert was employed by Guy Hachey at the General Motors that was based in St. Therese, Quebec. He would then be promoted to be in charge of the company which saw him become Hachey’s executive officer. Furthermore, Chenevert spent 14 years at the General Motors Plant before exiting as he felt he wanted a career change in the aerospace industry. Again, it was another colleague by the name Karl Krapek who was later appointed as the UTC’S president and CEO that advised Chenevert to switch careers in the aerospace industry.

Louis Chenevert joined the Pratt & Whitney PWC in 1993, which was an engine manufacturing company for aircraft. In 1996, Chenevert left the PWC after he was appointed to head the P&W as the executive president in the operations department. The businessman was again elected as the president of the company in 1999 where he was involved in its improvement and profitability. Also, April 2008 saw Chenevert appointed as the president and CEO of the UTC after the retirement of George David.

About Louis Chenevert’s Leadership at the UTC

Louis Chenevert employed the same leadership skills he had used in his previous organizations to govern the UTC. He helped the company survive during a time that many of the organizations were cutting costs and downsizing due to the economic recession. Chenevert realized that his counterparts in the business would compromise on their quality as they were relocating to countries that would have cheaper labor where he took the necessary measures to save UTC. Additionally, he did this by directing the company’s production to the United States and by placing the engineers to a centralized place, hence maintaining the product’s quality.

http://releasefact.com/2018/05/louis-chenevert-inspiring-story/

Drew Madden A Leader In Medical Recording And More

There are many areas in today’s healthcare system that could use improving. Drew Madden has been using his technology skills and training to enhance the medical field. Educated at the University of Iowa, Drew Madden received his BSE in Industrial Engineering. Previously he has been employed at Nordic Consulting and Ingenix.

One area that needs to be addressed is the end of life care. It is a difficult subject, but it can be approached with education and understanding. Often family members are left to make choices, but there are programs in the works that help people set up their wishes ahead of time. The areas it will address are advance directives. Advance directives spell out a patient’s wishes concerning life-extending medical treatments such as resuscitation and feeding tubes.

Doctors perform life-saving treatments, but sometimes these treatments extend the life but take away the quality of living. The system and Medicare are looking at ways to improve the process. Some of the companies working on this task are Grace and Everplans.

Finances are always a concern. Caregivers are now required to show proof of hours worked before they get paid for them in the state of Texas. Healthcare is provided in the home for many patients, and traveling caregivers are needed. The system tracks their location, tasks completed, and time spent at each site. It should eliminate any fraud or overpayment if a person is late or needs to leave early.

The system used to monitor the caregivers is called Electronic Visit Verification or EVV. All 50 states will most likely incorporate a tracking and payment system into their medical business models. Some of the companies developing the monitoring devices and tools are CareWatch and MyGeoTracking.

Copays are a topic that frustrations doctors, pharmacists, and patients. The copay system is all over the map. What is covered and what is not is often a mystery. Technology is trying to make it so that a doctor can look up a patient’s copay while the patient is still at the office. Refer to This Article for related information.

Drew Madden has focused his passions on the medical field and notably medical recording using technology. He has spent decades developing and perfecting systems and tools to keep progressing the healthcare systems.

 

See Also: https://drew-madden.com/

The Chronicles of Louis Chenevert in UTC

Success in business is a result of strategy and good planning. Many investors make mistakes by failing to make calculated decisions. A successful business person is open-minded and is creative. Sometimes things will fall out of place, and no predicted solution will work. This calls for the investor to think outside the box to see the business survives.

Take for instance Louis Chenevert, who made a legacy that will be remembered for years in UTC. When he joined the firm as the CEO in 2006, every firm was feeling the hit of the financial crisis. Many investors relocated to other countries in search of cheap labor to sustain their companies. Louis Chenevert saw this as a way of destroying the companies because to him cheap labor is equal to cheap services. What did Louis Chenevert do? He moved the employees of UTC to other sectors of the firm where their skills would be valid.

Louis Chenevert mechanisms of running a business are very effective in any conglomerate. He has been part of more than 50 companies that have accomplished significant results. For UTC, the eight years he served as their CEO is still having an impact on the company now and will still do, years to come. Louis Chenevert not only focused on the present progress for UTC but its future as well.

Louis Chenevert led the company to invest in high technology. He believed that this was the best strategy to secure the future of the USA. This is true because UTC is expected to offer 25000 more employment opportunities in the near future.

Louis Chenevert also made acquisitions that have been very fulfilling in the long last. Before he was appointed CEO of UTC, he was the President of Pratt & Whitney Company, which is an engine manufacturing firm. While he was working in the firm, he saw the potential of the GTF engine. When he joined UTC, he married off the two companies. Louis Chenevert is also renowned for crossing the most expensive aerospace deal in the USA for buying Goodrich at $16 billion.

Louis Chenevert is currently leaving a semi-retired life to spend time with his family and pursue his interests.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx