Abacus breaks down data silos and liberates healthcare data to make real impact.
Minal Patel started his career in healthcare nearly 30 years ago as a medical student. While there have been significant medical advancements over that time period, like complex brain surgeries and promising developments in cancer research, not much has changed around access, cost, and quality of healthcare. Seemingly simple activities have remained incredibly difficult, such as deciding which doctor to see and how much it will cost, or having your doctors coordinate your care better.
These frustrating realities stem from the industry-wide problem of information asymmetry caused by the siloed nature of healthcare data. However, we are in an unprecedented time to solve this problem because of two fundamental technology shifts. The digitization of data has finally come to healthcare and the advent of cloud computing has given us the ability to securely bring these data together to produce powerful insights.
Minal started Abacus Insights to tackle this fundamental problem head on. Abacus is on a mission to improve the lives of individuals by breaking down the industry siloes, enabling health plans to bring information together so that consumers can make better health choices and physicians can make
more informed treatment decisions. Doing the same thing over and over again and expecting a different result is the definition of “insanity.” The time for doing this differently is NOW!
Our Leadership Team
Minal is a serial physician entrepreneur who founded Abacus Insights to serve payer needs around data integration and insight generation. Prior to this he has held senior roles at payer organizations most recently serving as SVP and Chief Strategy Officer of Horizon BCBSNJ.Read More
His entrepreneurial experience includes founding Care Management International, a pioneer in leveraging offshore clinical talent to support payer clinical functions, which was successfully sold to iHealth Technologies – now Cotiviti (COTV) – and Vayu Technologies, a telecommunications platform developed by Bell Labs and spun out and sold to SeniorLink. He holds a BA and an MD from Boston University and an MPH from Harvard School of Public Health and completed his residency training in Internal Medicine at Brigham and Women’s Hospital where he served as a staff physician and faculty at Harvard Medical School for nearly a decade. He has also served as an associate with McKinsey and Company. Outside of the office, Minal spends time with his wife and two sons, skiing in the winter and trying to play golf in the summer.
Gokul joined Abacus as one of its initial leaders to drive the product and business alliances strategy. He currently serves as VP of Client Solutions for Abacus. He is a seasoned Payer business and technology operations executive, with over 12 years of experience in Payer Strategy and Operations roles.Read More
Prior to Abacus, Gokul led major strategic initiatives at Horizon BCBSNJ to enable the organization’s successful push towards Fee for Value in New Jersey. He was also part of the Booz and Co. (now PWC) core Payer team that helped clients successfully navigate and transform their business models to thrive post-ACA (Affordable Care Act). He holds an MBA from Carnegie Mellon University and an undergraduate degree in Electronics Engineering from Anna University, India.
As Chief Innovation Officer, Doug has nearly two decades’ experience in CTO and Chief Architect capacities with various healthcare companies, is a “hands-on” servant leader, and has implemented multiple advanced healthcare platforms.Read More
Prior to joining Abacus Insights as their Chief Innovation Officer, Doug was the CTO for Cure Forward, combining healthcare and life sciences with machine science to match patients to clinical trials. Prior to Cure Forward, Doug was the Chief Engineer and CTO for ikaSystems, a leading vendor for health plan core admin systems. Prior to ikaSystems, Doug operated in different executive positions for early and mid-stage companies in distributed analytics, healthcare platform as a service, and ecommerce and logistics. Doug likes to spend time outside of work with his family and in the wilderness hiking, mountain biking, and kayaking.
As CFO of Abacus Insights, Larry has over 35 years as a financial executive, venture capitalist, and public and private company board member. His expertise includes scaling finance and IT infrastructure, driving successful strategic and IPO exits, growing human capital, and managing investor relations.Read More
Prior to joining Abacus Larry was the CFO of CloudHealth Technologies which sold to VMware for $535m just 5 years after its founding. He co-founded .406 Ventures, a B2B enterprise VC fund investing in Healthcare IT, Big Data, Cloud and Cybersecurity companies. While at .406, he led the Fund’s Series A investment into CloudHealth and, 3 years prior to CloudHealth’s exit, he joined the company as its CFO. He was also the CFO and a partner at The Boston Consulting Group for 8 years as the company grew from $100m in revenue to over $550m. He has served on the board of directors of 5 public and 12 private companies. Larry holds an undergraduate degree from Boston College and an MBA from Babson College. In his spare time he enjoys time with his wife and two children, travel, and trying to keep his golf handicap under 30.
Jeff Cratty is the VP of Engineering at Abacus Insights and oversees the development and operations of the Abacus platform. Jeff brings over 15 years of engineering experience, from small startup to large technology enterprise and has lead practices for multiple disciplines within technology.Read More
Prior to joining Abacus, Jeff served in leadership and engineering roles at Veracode, where he built the engineering and operations teams, developed a product suite in the AWS cloud for security scanning, while also innovating in emergent technologies for IAST and RASP. While at RSA, Jeff helped transition the SecurID technology from a desktop application, to a J2EE distributed architecture, and supported the rollout to over 25,000 customers. At Visa, Jeff was on the team that developed several of the first components of the Verified by Visa payment and security technology. Jeff received a degree in Computer Science from St. Edward’s university and graduated cum laude. In his spare time, Jeff enjoys fishing and spending time with his family.
As VP of People and Culture, Jaclyn brings over 10 years’ experience as a People Strategy leader focused on creating an environment and community that attracts, develops, and retains top talent. Her expertise in building and leading high-performing teams, establishing the People Strategy function from scratch, and global expansion has helped her to scale companies of all stages of growth, from early stage start-ups to multi-billion-dollar corporations.Read More
Prior to joining Abacus, Jaclyn has held leadership roles at some of Boston’s fastest-growing technology companies where she was able to build and develop people programs and initiatives that drove culture and engagement to attract talent in extremely competitive markets. She holds a bachelor’s degree in Business Administration from Merrimack College, and is a Senior Certified Professional with the Society of Human Resource Management. In her spare time, Jaclyn enjoys spending time with her family, traveling, and cheering on all of the New England sports teams.
Bill is CISO & CIO at Abacus Insights. Bill has spent his career leading global information security and information technology teams at start-up, mid-size and Fortune 1000 companies. He has expertise in developing comprehensive risk-based Information Security programs, which balance Enablement and Enforcement, work across company leadership, and are embraced by employees, executive teams and Boards of Directors.Read More
Prior to joining Abacus, Bill was CSO at ClickSoftware and led the M&A Security Due Diligence Response and Remediation efforts which resulted in Click’s $1.4B acquisition by Salesforce. Prior to ClickSoftware, Bill was CISO at Houghton Mifflin Harcourt and before that CIO & CISO at Veracode.
Bill is a former Computerworld Premier 100 IT Leader and serves as an Advisor with several private companies. Bill holds an undergraduate degree from Bridgewater State University and an MBA from Babson College. Bill and his wife live on Cape Cod and Lincoln, NH. When he’s not working, Bill enjoys his spending time with family, as well as fishing during the warmer months and snow sports during the winter.
The Product Pioneer
Sumant is Chief Product Officer and Operations Leader at Abacus Insights. He has spent his career designing, building and launching products at start-up, mid-size and Fortune 1000 companies. He has the most fun creating large enterprise analytics solutions working closely with clients and teams. At Abacus, Sumant oversees Product Management, Enterprise Data Operations, Customer Success, Implementations and Analytics. In this role he manages the company’s ongoing expansion into emerging markets.Read More
Prior to joining Abacus, Sumant served as Senior Vice President at Cotiviti where he was instrumental in consolidating operations and growing revenues for Performance Management, HEDIS, and Provider Networks during a five-year period. While there, he oversaw the design and development of a data ecosystem, Caspian, which he grew to become one of the industries’ largest and most comprehensive healthcare data lakes. Sumant was also part of the early team that successfully scaled Scio Health Analytics from an early start-up to a major player within the Population Health and Payment Integrity space. Sumant holds an MBA from the Indian Institute of Management, and an undergraduate degree in Computer Science and Mathematics from the University of Madras. In his free time, Sumant enjoys spending time hiking, reading and playing the guitar when he can.