Health care technology provider CitiusTech named Bhaskar Sambasivan as CEO, replacing co-founder Rizwan Koita in what the company called a structured transition process.
Sambasivan will take over on Nov. 1; Koita will continue to serve on the board, Princeton-based CitiusTech said in an Oct. 26 statement.
Before joining CitiusTech as president in May 2021, Samibavisan served as president, Patient Services and chief strategy officer at life sciences platform company EVERSANA. Previously, he spent nearly 15 years at Cognizant as the global head of life sciences, a period during which the business grew more than thirtyfold, according to CitiusTech. Sambavisan also held leadership positions at Seibel/Oracle and PricewaterhouseCoopers.
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“Bhaskar is an immensely accomplished health care industry leader with a clear vision for digital innovation and a 25-year track record of scaling technology enabled health care businesses,” said CitiusTech Chairman William Winkenwerder. “We are excited that his ideas, insights and strategy will further accelerate CitiusTech’s success and growth momentum.”
Koita said he and co-founder Jagdish Moorjani would help support the new CEO’s efforts to drive new growth. “Having worked closely with Bhaskar during the past six months, I am inspired by his passion to improve healthcare outcomes through technology innovation,” Koita said.
CitiusTech employs more than 5,400 health care technology professionals in 17 locations around the world and serves more than 120 client organizations.
“The health care industry is poised for significant transformation driven by the shift to patient and consumer centric business models, enabled by technology,” Sambavisan said. “CitiusTech is well positioned to help health care organizations drive this digital transformation to meaningfully improve patient experience and outcomes,” Bhaskar Sambasivan said. “We have a great leadership team, a highly client-centric culture, deep health care and technology expertise and strong presence in a broad range of healthcare market segments. I am really excited to lead the organization and work with our clients and partners to build innovative business and technology solutions that address key challenges and priorities across the health care ecosystem.”
Koita and Moorjani founded CitiusTech in 2005. The company said it now generates more than $300 million in annualized revenue. Its focus areas include health care interoperability data management, quality performance analytics, value-based care, omni-channel member experience, connected health, virtual care delivery, real-world data solutions, clinical development, personalized medicine and population health management.
In 2018, CitiusTech completed a strategic investment in Philadelphia-based FluidEdge Consulting, a health care consultancy. Another subsdiary, SDLC Parners, adds payer technologies expertise.
