- Leading healthcare technology venture capital firm Flare Capital Partners has hired Ian Chiang as a Principal.
Flare Capital Partners — a leading healthcare technology venture capital firm — announced the hiring of Ian Chiang as a Principal. Prior to joining Flare, Chiang was a Senior Vice President and a founding member of CareAllies — which is Cigna’s family of multi-payer provider services, population health management, and home-based care businesses.
“Given Ian’s extensive experience in the healthcare technology sector, we are thrilled to welcome him to the investment team. In addition to his work with Cigna’s CareAllies, Ian has been a healthcare entrepreneur and has spent five years as a healthcare consultant at McKinsey & Company,” said Flare Capital co-founder and partners Bill Geary.
“I vividly recall meeting Ian years ago when he was launching his mobile health start-up. He will play an important role as we begin to invest our new venture capital fund. His understanding as to where the current healthcare industry is heading is incredibly deep,” added Flare Capital co-founder and partner Michael A. Greeley.
While working at CareAllies, Chiang was responsible for developing new technology-enabled services and evolving existing solution and service lines. Plus he also worked on providing ongoing product management across CareAllies’ businesses. And Chiang also spent several years at McKinsey & Company advising healthcare clients globally.
“Ian has this wonderful mix of healthcare experiences from his work as a consultant, as a successful entrepreneur, to having been a senior member of a number of innovation teams at larger healthcare companies. Ian has a deep understanding of how technology adds value to healthcare operations and also has intricate knowledge of the intersection between payers and providers to deliver value-based care solutions. To a great extent, his new role at Flare Capital is logical culmination of all those experiences. Intermountain Healthcare is excited to partner with Flare Capital on a host of novel solutions to improve care for our patients,” explained Castell (an Intermountain Healthcare company) CEO and COO of Community Based Care for Intermountain Healthcare Rajesh Shrestha.
Upon starting his career at McKinsey & Company, Chiang was a co-founder of XcelDx — which partnered with Scanwell Health, a smartphone-enabled company that is backed by Y Combinator, Founders Fund, DCM, Version One, and Mayfield. And he focused on product development at the company while still serving as an advisor to the company. Plus Chiang previously worked for Becton, Dickinson & Company where he led new product innovation and development.
“Ian is an important sounding board for me and will be an excellent resource for entrepreneurs across the healthcare industry. Over his career, he has been at the forefront of a number of innovative product launches that are transforming healthcare. He has a deep understanding of industry dynamics that lead to unique insights and opportunities. I fully expect entrepreneurs will seek him out. I am confident that he will be a great addition to the Flare Capital team,” explained Kit Dobyns — the cofounder of TrialSpark (a healthtech company backed by Sequoia Capital and Thrive Capital).
