Indian American entrepreneur Rishi Shah becomes tech’s newest billionaire

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Shah founded the company in 2006 along with his business partner Shradha Agarwal.

Rishi Shah

Young Indian American entrepreneur Rishi Shah is now the talk of the town as he entered the tech billionaires club with a net worth of $3.6 billion.

Rishi U Shah, CEO of a startup named Outcome Health is a school drop-out, who followed his dreams, and his billionaire status is completely tied up with his company and his 80 percent stake in it, Forbes reported.

Outcome Health on May 31 announced a financing round valuing $5 billion pre-money and its plan to expand impact from 20 percent to 70 percent of all US physicians practices by 2020.

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The investors who have poured money into Outcome Health include Goldman Sachs Investment Partners, CapitalG, Leerink Transformation Partners, Pritzker Group Venture Capital and Balyasny Asset Management and many others.

Shah founded the company in 2006 along with his business partner Shradha Agarwal.

Outcome health places iPad-like tablets and large-format touch screens in doctor’s waiting rooms and offices and intend to improve health outcomes by serving actionable health information to chronic disease patients.

According to their official website, Outcome Health’s digital place-based media networks and mobile media offerings impact hundreds of millions of patient visit more than 10,000 hospital and health systems. The firm’s clients include 33 of the 35 largest life science manufacturers.

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“Outcome Health and its investors share a commitment to activate the best health outcome possible for every person in the world. We believe achieving this at scale will require building a ubiquitous network that brings together all sides of healthcare to support patients and healthcare providers whenever, wherever and however they make critical healthcare decision,” Shah said in a statement.

“We are grateful to have been entrusted to realize this vision by so many important stakeholders. Together, we have the opportunity to create the exam room of the future, physically and digitally, and evolve healthcare decision making from the currency of information to the currency of intelligence,” he said.

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A resident of Chicago, Shah is the son of a physician who emigrated from India. He serves on the Board of Directors of many civic organizations and also serves as a mentor of numerous technology start-accelerator/incubator programs.