Annum Health Announces Appointment of Bernie Banks to Its Board of Directors
Associate Dean at Northwestern's Kellogg School of Management and Retired Army Brigadier General Joins Effort to Reimagine Treatment for Heavy Drinking
New York, NY (September 25, 2017)—Annum Health, the modern alternative to rehab for heavy drinking, today announced that Bernard “Bernie” Banks has joined its board of directors effective October 1. A leading expert on leadership and organizational change and a retired Brigadier General in the U.S. Army, Banks currently serves as Associate Dean for Leadership Development and a Clinical Professor of Management at Northwestern University’s Kellogg School of Management. In addition to a career spanning the military and academic sectors, Banks has counseled executives at a diverse array of organizations, including Procter & Gamble, Mercedes-Benz, General Electric, IBM, 7-Eleven, the U.S. Forest Service and the International Chiefs of Police.
“We are so fortunate Bernie Banks is linking arms with Annum to put modern, effective and affordable treatment for heavy drinking directly into the hands of those who need it,” said Michael Laskoff, CEO and co-founder of Annum.
“I can think of so many who have been affected in some way by heavy drinking. By leveraging science, technology and strategic partnerships with some of the country’s biggest companies, Annum Health is poised to transform treatment for one of America’s most devastating health care crises,” said Banks. “A passion for improving the lives of others has been the driving force behind my entire career, so I view the opportunity to contribute to such a noble mission an exciting next step for me.”
Banks and Laskoff serve on Annum Health’s board with Manish Agarwal, general partner at AXA Strategic Ventures, Nina Kjellson, general partner at Canaan Partners, Liam Donohue, co-founder and managing partner at .406 Ventures and Miki Kapoor, president of Everyday Health.
About Bernard (Bernie) Banks
As Associate Dean for Leadership Development at Northwestern University's Kellogg School of Management, Banks is responsible for leader development integration across the school's global portfolio of programs.
Banks retired from the Army as a Brigadier General in 2016 after having successfully led West Point's Department of Behavioral Sciences & Leadership from 2012-2016.
A graduate of the United States Military Academy at West Point, Banks also holds graduate degrees from Northwestern, Columbia, and Harvard Universities.
Banks has led multiple military units ranging in size from 10 to 500 people. In 1995, Banks was selected from over 40,000 officers to receive the Army's top award for entry-level managers (General Douglas MacArthur Leadership Award). In 2006, the Apache Helicopter unit he was leading in South Korea was designated as the top Apache Helicopter unit globally in the U.S. Army's annual best aviation unit competition.
About Annum Health
Annum delivers the modern alternative to traditional rehab for heavy drinking.
Co-founded by proven leaders in health care, technology and alcohol treatment, Annum transforms the treatment experience while eliminating profound barriers to care — high cost, personal and professional disruption, and stigma.
At a fraction of the price of inpatient care at a traditional rehab facility, Annum’s tech-enabled solution fully integrates therapy, coaching, medication and support over the course of up to a year to help people reach their individual goals.
To make treatment available to as many people as possible, Annum partners with major employers and health plans who want to take proactive steps to cultivate a happier, healthier and more motivated workforce.
About the Heavy Drinking Epidemic
One in four (26 percent) U.S. adults binge drink and seven percent of U.S. adults — 14.6 million people — binge drink five or more days in a single month. Binge drinking is defined as consuming five or more alcoholic drinks for men or four or more for women on the same occasion.
Three out of four binge drinkers are employed and high-risk drinking costs the U.S. economy $81.5 billion in losses to workplace productivity each year.
Frequent heavy drinking, defined as consuming five or more drinks on one or more occasions per week, occurs among a substantial proportion of U.S. military with a prevalence between 15 to 20 percent, as opposed to seven percent for US adults generally. More than 40 percent of US military veterans have a lifetime history of alcohol use disorder as opposed to six percent of U.S. adults generally. Veterans with a lifetime history of alcohol use disorder have elevated rates of suicidal ideation and attempts.
Relative to other states, Illinois experiences a significantly higher prevalence of heavy drinking. The United Health Foundation ranks Illinois as the fifth worst state for heavy drinking, based primarily on CDC data. High risk drinking is estimated to cost the state of Illinois $9.7 billion each year, according to a study published in the American Journal of Preventive Medicine. In April 2017, researchers at NORC at the University of Chicago created an alcohol cost calculator that calculates the cost to employers based on company industry, size and location.
Despite the proliferation of more than 14,500 rehabs across the United States, 90 percent of people in need of treatment aren’t getting it today.