Crowe Horwath LLP names Derek Bang its first chief innovation officer

CHICAGO, Nov. 6, 2013 /PRNewswire/ -- Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., has named Derek Bang as its first chief innovation officer, effective Oct. 1. Bang, a CPA and a partner with the firm, will be responsible for leading the New Product Development team and continuing the firm's history of creating innovative solutions for its clients.

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Bang, who has specialized in healthcare industry consulting, led the development of the first patented Crowe software product, Crowe^® Revenue Cycle Analytics (RCA). A healthcare revenue analysis and reporting application, Crowe RCA is just one of several solutions that Crowe has developed in recent years. Another, the Crowe Tax Risk Assessment and Control (C-TRAC^®) solution, 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.

"I'm fortunate to follow Dave Jarrett, who originally championed the firm's New Product Development team," said Bang. "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 and the Crowe team are concentrating current efforts on what the firm calls "triple-threat solutions." These are solutions designed to combine and make the best use of the firm's technical knowledge, industry expertise and applied technology.

"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.

About Crowe Horwath
Crowe Horwath LLP (www.crowehorwath.com) is one of the largest public accounting and consulting firms in the United States. Under its core purpose of "Building Value with Values^®," Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe and its subsidiaries have offices coast to coast with more than 3,000 personnel. The firm is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world, consisting of more than 150 independent accounting and advisory services firms in more than 100 countries around the world.

SOURCE Crowe Horwath LLP