Axuall names senior VP of commercial growth

Axuall Inc., an IT/software company in Cleveland that provides workforce intelligence and digital credentialing in the healthcare industry, has added a senior vice president of commercial growth.

The company on Tuesday, Nov. 1, announced it has named veteran healthcare technology executive Mike Bechtel to the role. Bechtel’s background is in patient and member engagement, data analytics and digital identity management space, and he will be responsible for Axuall’s “end-to-end commercial and collaborative development approach with clients and stakeholders across various market segments,” according to the release.

Bechtel’s career includes working at Explorys, a healthcare big data and analytics company that was co-founded by Axuall CEO and co-founder Charlie Lougheed. (IBM bought Explorys in 2015). Most recently, Bechtel was vice president of health care and insurance at Prove, a digital identity authentication network.

An Axuall spokeswoman wrote in an email that the company created Bechtel’s position “as we look to expand our growth and impact in the health care industry.”

The company has 43 employees, she wrote.

Axuall in March received an eight-year, 1.77% Job Creation Tax Credit from the Ohio Tax Credit Authority for an expansion project in Cleveland that is designed to add 75 jobs.

The tax credit authority said Axuall’s project will generate $7 million in new annual payroll and retain $1.3 million in existing payroll, from 13 positions.

Since its founding in 2019, Axuall has raised about $13.4 million in venture funding from local and national investors, including Flare Capital Partners, Intermountain Ventures, University Hospitals Ventures, MedStar Health, Epsilon Health, InHealth Ventures, AV8 Ventures, JumpStart, M25 Ventures and North Coast Ventures.

This post originally appeared in Crain’s Cleveland Business on November 1, 2022