Seasoned SaaS Executive Adit Parasuram joined Health Cost IQ

New Chief Commercial Officer to focus on strategic partnerships and company growth

Adit Parasuram has been appointed as the Chief Commercial Officer of Health Cost IQ (HCIQ), effective March 1, 2024. Parasuram comes to HCIQ from OM Healthcare, where he served as EVP Chief Strategy and Business Development Officer for more than three years. With over a decade of experience in healthcare technology, Parasuram will concentrate on forging strategic partnerships, shaping corporate strategy, and driving non-acute growth initiatives at HCIQ. Previously, Parasuram led business development at Binary Fountain, a Press Ganey company, overseeing growth, partnerships, and mergers and acquisitions. His career began in digital media, notably at VUBIQUITY, an Amdocs company, where he contributed to expanding into new markets and territories, resulting in significant revenue growth.

Expressing his enthusiasm for joining HCIQ, Parasuram highlighted the company's commitment to innovation and cost reduction in healthcare. He aims to focus on revenue generation, strategic partnerships, and fostering growth to meet market and customer demands. Parasuram is determined to enhance HCIQ's market presence, elevate customer experiences, and explore new avenues for success alongside the dedicated team. With Parasuram's extensive experience as a SaaS executive and his passion for scaling businesses, Odu believes he will play a crucial role in propelling HCIQ forward during this pivotal phase of growth. HCIQ is dedicated to helping self-insured entities reduce healthcare costs within their health plans. Through its proprietary HealthAnalytIQ software platform, HCIQ identifies utilization patterns, forecasts future costs, predicts high-use members, and identifies inefficiencies in medical claims payment and pharmacy utilization.