Derek Bang has taken on the role of chief innovation officer at Crowe Horwath LLP.
Bang, who is a partner at the firm, will lead the New Product Development team and create innovative solutions for the firm’s clients.
"I'm fortunate to follow Dave Jarrett, who originally championed the firm's New Product Development team," Bang said in a statement. "We're now formalizing the role and how we introduce new solutions that help make our clients' jobs easier." Jarrett is retiring after more than 38 years with Crowe.
Bang, who has specialized in health care industry consulting, led the development of the first patented Crowe software product, Crowe® Revenue Cycle Analytics – a health care revenue analysis and reporting application. He also had a hand in the development of the Crowe Tax Risk Assessment and Control (C-TRAC®) solution, which is the only IRS-approved tax-exempt Form 990 software. These two solutions and several others have contributed more than $100 million in revenue over the past five years. Crowe currently has 10 new solutions and revisions of existing solutions in various phases of development.
"Derek has shown great leadership in new product development for the Crowe Healthcare team and has a vision for future innovation," said Chuck Allen, Crowe CEO. "Using new solutions to help Crowe provide an exceptional client experience is why innovation is one of the keys to our future growth." The Crowe five-year plan includes deriving 20 percent of firm revenue growth from new products.