Indian-American Rishi Shah is the newest addition to the long list of tech billionaires. The 31 year founder of healthcare tech company Outcome Health, is now valued at a whopping $5.6 billion. The Indian American left college 10 years ago to satiate his entrepreneurial bug. Talking about his startup, Shah said his source of inspiration was his sister who has Type 1 diabetes. “If she gets on an insulin pump and she is able to achieve better blood sugar control and she is checking her blood sugar more effectively, the device manufacturer wins, the insulin manufacturer wins, the blood glucometer wins, the doctor wins, but the payer wins most of all. And she wins personally,” he said. That is how the idea of a company that provides content to doctor's offices clicked.
The company's official website says that Outcome Health's digital place-based media networks and mobile media offerings impact hundreds of millions of patient visit over 10,000 hospital and health systems. The firm's clients include 33 of the 35 largest life science manufacturers. In a statement, Shah said, “Outcome Health and its investors share a commitment to activate the best health outcome possible for every person in the world. We believe achieving this at scale will require building a ubiquitous network that brings together all sides of healthcare to support patients and healthcare providers whenever, wherever and however they make critical healthcare decision.”
His journey to the top was, however, not easy. While many doctors didn't realise the worth of digital education, others who did, wanted to see revenue. “We had to build a profitable business, or at least a break-even business, from scratch,” Shah said.
“We are grateful to have been entrusted to realize this vision by so many important stakeholders. Together, we have the opportunity to create the exam room of the future, physically and digitally, and evolve healthcare decision making from the currency of information to the currency of intelligence,” he said.
