- Apervita, a leading platform for value-based collaboration in healthcare, announced recently that it hired seasoned healthcare technology executive Kareem Saad as the company’s President and COO
Apervita, a leading platform for value-based collaboration in healthcare, announced recently that it hired seasoned healthcare technology executive Kareem Saad as the company’s President and Chief Operating Officer. And this announcement comes on the heels of the company securing $22 million in funding in November 2019.
During his career of over 20 years, Saad utilized his expertise in healthcare and life science businesses, helping scale both startups and larger organizations. And most recently he served as Chief Strategy Officer at Sema4 — a Mount Sinai Health System venture that focused on developing and delivering patient-centered health intelligence solutions.
At Sema4, he helped lead the corporate strategy and transformation since the company’s spinout from the health system. And he also spearheaded the completion of the company’s first external round of financing and helped scale the organization as it tripled in revenue, reaching in excess of $200 million of topline revenue over a three-year span.
“We’re fortunate to have someone of Kareem’s caliber and diversified healthcare background to lead our operational initiatives,” said Apervita CEO Kevin Hutchinson. “As a leader in next-generation quality measurement and value-based collaboration, Kareem’s experience in forging new markets and launching new solutions for payers and providers will serve our clients well. Kareem’s leadership capabilities and proven track record sets the company up for accelerated success as we prepare to further grow and scale our business in 2020.”
Before joining Sema4, Saad served as the Chief Commercial Officer/EVP of Strategy and Business Development at SourceMed where he led a series of transactions that culminated in the sale and merger of the company with Surgical Information Systems (SIS).
Earlier in his career, Saad served as a director in Dell’s Healthcare and Life Sciences division where he was responsible for managing $180 million of their healthcare partner program. And before that, he held several executive roles in biotech and healthcare technology startups as well as leading the Information Based Medicine commercial group at IBM’s Healthcare Life Sciences business, helping grow that business to $100 million in less than five years.
“Apervita is poised to transform the way payers and providers collaborate in the value-based healthcare system and I’m honored to join the team at such a pivotal time,” explained Saad. “Along with Kevin Hutchinson and the rest of the executive team, I look forward to realizing our strategic vision and significantly accelerating our ability to bring innovative solutions to the market.”
Launched in 2012, Apervita provides collaborative analytics for payers, providers and other stakeholders who are pursuing value-based healthcare and offers a comprehensive set of solutions for quality measurement, provider engagement, and the administration of value-based contracts.