Alex Kumar

Alex Kumar Email and Phone Number

Digital Health Innovator | CEO Ingenio Care | CEO Ingenio Healthcare | Co-founder R1RCM | Co-founder Mphasis Corp @ Ingenio Care, Inc.
Alex Kumar's Location
Oak Brook, Illinois, United States, United States
About Alex Kumar

Mr. Kumar is a highly accomplished innovator and entrepreneur with a strong focus on healthcare. He possesses extensive expertise in healthcare models, business strategy, data sciences, and software technologies. He has a proven track record of delivering disruptive healthcare solutions through conceptualizing new ideas and leveraging proficient agile software development methodologies.Throughout his career, Mr. Kumar has provided strategic guidance to early-stage companies and developed an analytics/AI-driven healthcare delivery model to tackle cost and quality issues that plagued the US healthcare system. As a founding member of two startups, he has led operations and technology innovation, both of which are now publicly traded with a market capitalization exceeding $2 billion.Moreover, as the leader of the Investment for Growth (IFG) initiative at R1RCM, Mr. Kumar developed a cost/quality offering that included an economic model, operating model, and an end-to-end technology platform with a commitment to reducing healthcare costs by 25% while enhancing the quality of care. This offering was the first of its kind in the industry.As the Chief Strategy and Technology Officer of R1RCM, Mr. Kumar designed and developed a groundbreaking end-to-end revenue cycle platform that delivered significant yield and revenue improvement for healthcare providers. This platform was the first of its kind in the healthcare industry.Before his entrepreneurial pursuits, Mr. Kumar worked for Accenture and PWC after graduating from the Indian Institute of Management, Ahmedabad.

Alex Kumar's Current Company Details
Ingenio Care, Inc.

Ingenio Care, Inc.

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Digital Health Innovator | CEO Ingenio Care | CEO Ingenio Healthcare | Co-founder R1RCM | Co-founder Mphasis Corp
Alex Kumar Work Experience Details
  • Ingenio Care, Inc.
    Founder And Ceo
    Ingenio Care, Inc. Jun 2023 - Present
    Oak Brook, Il
    Founded Ingenio Care Network to deliver Ai Enabled higher quality patient centric care while meaningfully increasing provider income and reducing cost of care.
  • Novelmed
    Chief Strategy Advisor
    Novelmed Jun 2024 - Present
    Cleveland, Ohio, United States
    As the Chief Strategy Advisor at NovelMed Therapeutics, I have been instrumental in guiding the company's strategic initiatives since June 2013. Based in Oak Brook, IL, and operating remotely, I provide expert advice on product development and commercialization strategies. My role focuses on ensuring that NovelMed's innovative therapies reach the market efficiently and effectively, driving growth and maximizing impact in the healthcare industry.
  • Ingenio Healthcare
    Founder And Ceo
    Ingenio Healthcare Aug 2012 - Present
    Greater Chicago Area
    I provide advisory services to healthcare participants, specializing in population health, revenue cycle management, and investment research. Additionally, I collaborate with entrepreneurs to develop innovative business models and successfully launch startups, with experience at TinkRworks and Raseet.com. My goal is to drive growth and efficiency through strategic insights and practical solutions.
  • Novelmed
    Chief Strategy Advisor
    Novelmed 2013 - 2015
    As the Chief Strategy Advisor at NovelMed Therapeutics, I have been instrumental in guiding the company's strategic initiatives from June 2013 - June 2015. Based in Oak Brook, IL, and operating remotely, I provide expert advice on product development and commercialization strategies.
  • Accretive Health
    Co-Founder, Chief Strategy And Technology Officer
    Accretive Health 2008 - 2011
    Greater Chicago Area
    Chief Strategy and Technology Officer (2008-2011)Drove Investment for Growth (IFG) strategy and developed a PCP centric population health solution as the company's next growth initiative.- Conducted extensive research, observations and discussions with industry experts to conceptualize Total Cost and Quality of healthcare as the next growth initiative for the company. Our research indicated a potential of cost reduction per patient of about 25% while improving quality of care.- Developed an end-to-end model for population health management platform leveraging data analytics that tightly integrated with sophisticated workflow orchestration for care coordination.- Collaborated with the leadership to develop an organization for the new initiative and deployed a successful pilot with 200,000 members at Fairview Health System, that led to reduction of 15% MLR.
  • R1 Rcm
    Co-Founder Chief Information Officer
    R1 Rcm 2004 - 2008
    Greater Chicago Area
    Led the ideation, development, and implementation of an innovative, end-to-end revenue cycle platform, which was successfully rolled out across 60 hospitals within three years. This pioneering platform significantly enhanced revenue cycle yield by 8-10% and generated a revenue lift of over 1% for hospital clients.The platform was the first of its kind in the industry, eliminating leakage through comprehensive data analytics and Six Sigma methodologies to achieve execution efficiency. Key features included:- Pre-service patient-pay estimation and collection- Hidden insurance discovery- Eligibility verification rate of 85-90+%- Patient-pay collection improvements of 5-10%- Payer yield improvements of 5-10%- AI-based charge audit algorithms for improved billing accuracy- End-to-end analytics platform enabling near real-time performance management- Integration of Six Sigma and root cause analysis methodsThis platform set a new industry standard, driving substantial improvements in financial performance and operational efficiency.
  • Mphasis
    Co-Founder, President
    Mphasis 1998 - 2000
    Founded Mphasis along with four partners. As one of the early entrants in IT outsourcing and BPO market, Mphasis focused on the financial services vertical. Raised $4M in venture funding. The company went on to be a public company listed on NSE and has reached revenue of over $5B.

Alex Kumar Education Details

Frequently Asked Questions about Alex Kumar

What company does Alex Kumar work for?

Alex Kumar works for Ingenio Care, Inc.

What is Alex Kumar's role at the current company?

Alex Kumar's current role is Digital Health Innovator | CEO Ingenio Care | CEO Ingenio Healthcare | Co-founder R1RCM | Co-founder Mphasis Corp.

What schools did Alex Kumar attend?

Alex Kumar attended Indian Institute Of Management Ahmedabad, Motilal Nehru National Institute Of Technology.

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