Alex Kumar Email & Phone Number

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.

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.

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.

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.

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.

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.

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.

Mba, Business

Be, Mechanical Engineering