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Mr. Kapit, the chief executive officer and a member of CodeRyte’s board of directors, joined CodeRyte after completing the turnaround of a 150-bed specialty hospital where he became chief executive and chief operating officer two days after the organization was put on a 16-day fast track termination from Medicare/Medicaid. After a successful appeal in a federal administrative hearing that caused all local and federal actions against the organization to be rescinded, Mr. Kapit stabilized the organization and established an institutional reputation of honesty, quality, and ethical and compassionate care that helped revenues grow from less than $3 million to more than $20 million within two years. With both an MBA and BA from Columbia University, Mr. Kapit has worked as an investment banker at First Capital Advisers in New York and in healthcare finance at a privately held investment and healthcare management firm in Baltimore. Mr. Kapit was founder and president of the Ides of April Family of Companies, which was profiled in the personal business section of BusinessWeek, as well as Money Magazine and the Christian Science Monitor. In addition, Mr. Kapit has taught kindergarten for autistic children, and in grades ranging from kindergarten (for autistic children) to graduate level courses at Columbia University. | 