Akshya (Alex) Kumar

Managing Director at Ingenio Healthcare
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Contact Information
us****@****om
(386) 825-5501
Location
Oak Brook, Illinois, United States, US

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Experience

    • United States
    • Hospitals and Health Care
    • 1 - 100 Employee
    • Managing Director
      • Aug 2012 - Present

      Greater Chicago Area Advise healthcare organizations and entrepreneurs to create new business models and launch startups. - Commercialized a pre-clinical biotech company via a $500M+ licensing deal with Alexion. (2012-2015) - Promoted an Ed-tech, TinkRworks, to a series-A funding round. (2015-2020) - Co-founded Raseet.com, a health-hub start-up to support local Pharmacies in India (2020-Present)

    • United States
    • Operations Consulting
    • 1 - 100 Employee
    • Co-Founder, Chief Strategy and Technology Officer
      • 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. -… Show more 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.

    • Co-Founder Chief Information Officer
      • 2004 - 2008

      Greater Chicago Area Led ideation, development and implementation of end-to-end revenue cycle platform. This platform was rolled out across 60 hospitals within 3 years. The platform played a crucial role in improving the revenue cycle yield of hospital clients by 8-10% and created a revenue lift of over 1%. This platform was first of its kind in the industry, it was comprehensive in eliminating leakage by leveraging data analytics/6 sigma to achieve execution efficiency. Some of the key features of the platform… Show more Led ideation, development and implementation of end-to-end revenue cycle platform. This platform was rolled out across 60 hospitals within 3 years. The platform played a crucial role in improving the revenue cycle yield of hospital clients by 8-10% and created a revenue lift of over 1%. This platform was first of its kind in the industry, it was comprehensive in eliminating leakage by leveraging data analytics/6 sigma to achieve execution efficiency. Some of the key features of the platform included: - Pre-service patient-pay estimation and collection - Hidden insurance discovery - Eligibility verification rate of 85-90+% - Patient-pay collection improvements 5-10% - Payer Yield improvements 5-10% - AI based charge audit algorithms to improve billing accuracy - End-to-end analytics platform that enabled near real-time performance management - Integrated six-sigma and root cause analysis methods

    • United States
    • Software Development
    • Founder. President
      • 2000 - 2003

      Greater Chicago Area - The start-up offered IT outsourcing and BPO services. The company grew to revenue of $2M revenue with a consulting staff to 50 professionals over 3 years

    • India
    • IT Services and IT Consulting
    • 700 & Above Employee
    • Co-Founder, President
      • 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.

    • United States
    • Information Technology & Services
    • Co-Founder President
      • 1996 - 1998

      Greater Chicago Area - Developed an IT services company focused on leading edge web and client server solutions. The company grew from zero to $2M in annualized revenue within two years with a staff of 40. Key clients included IBM, Anheuser Busch, CISCO, CSX, Solo Cup Company.

    • Management Consultant
      • 1993 - 1995

      - Co-Founded an innovative management consulting firm to deliver total performance-based services to mid-market companies such as, Acco Brands and Rich-Seapack. Our revenue model was based on gain sharing and we delivered bottom-line improvements by partnering with the management to develop and implement transformation strategies. Our solutions heavily leveraged Data Analytics and Decision Sciences. - Published several papers to highlight importance of speed of BI in business decision… Show more - Co-Founded an innovative management consulting firm to deliver total performance-based services to mid-market companies such as, Acco Brands and Rich-Seapack. Our revenue model was based on gain sharing and we delivered bottom-line improvements by partnering with the management to develop and implement transformation strategies. Our solutions heavily leveraged Data Analytics and Decision Sciences. - Published several papers to highlight importance of speed of BI in business decision making at the Agility Forum. Show less

    • Management Consultant
      • 1990 - 1993

      - Designed and Architected a GUI based Sales and Marketing System for Solo Cup Company. At the time when most transactional systems were mainframe-based, it was the first business application in the technology revolution that has almost completely eclipsed traditional main-frame applications. - Developed a futuristic car rental design by leveraging RF and GUI technologies to speed up car rental while minimizing the labor cost. Although, Budget did not adapt the model at the time, these… Show more - Designed and Architected a GUI based Sales and Marketing System for Solo Cup Company. At the time when most transactional systems were mainframe-based, it was the first business application in the technology revolution that has almost completely eclipsed traditional main-frame applications. - Developed a futuristic car rental design by leveraging RF and GUI technologies to speed up car rental while minimizing the labor cost. Although, Budget did not adapt the model at the time, these models have gained traction in the last few years by way of ZipCar, SIlverCar etc. Show less

    • Ireland
    • Business Consulting and Services
    • 700 & Above Employee
    • Management Consultant
      • 1985 - 1990

      - Worked on technology architecture for leading edge business applications for United Airlines, USDA and State of Ohio.

Education

  • Indian Institute of Management Ahmedabad
    MBA, Business
  • Motilal Nehru National Institute Of Technology
    BE, Mechanical Engineering

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