NextHealth Technologies Welcomes a New CTO to Continue to Innovate and Scale its Analytics Platform

NextHealth Technologies Welcomes a New CTO to Continue to Innovate and Scale its Analytics Platform 

Industry veteran, Mehrshad Setayesh, brings decades of engineering and analytics leadership 

FOR IMMEDIATE RELEASE

Denver, CO, November 4, 2019 — NextHealth Technologies, whose analytics platform helps healthcare organizations rapidly evaluate their entire portfolio of cost, service and access initiatives to know what works and improve affordability, today announced the appointment of Mehrshad Setayesh as Chief Technology Officer. 

Mr. Setayesh brings considerable leadership experience in engineering to the company and will be responsible for driving NextHealth’s technology strategy and product development. He joins from Oracle where for the past 7 years he had been managing a large distributed engineering team responsible for a social media gateway for all Oracle clouds. Prior to that, Mehrshad was part of a startup called Collective Intellect (CI) purchased by Oracle in 2012. As CTO at NextHealth, he will oversee the teams responsible for technology architecture, software development, technology operations and infrastructure management. His expertise lies in building strong engineering teams and fostering growth, cooperation, respect, planning, and practical execution 

 “As NextHealth continues to help our health plan customers create and support a culture of measurement to drive affordability,” said Eric Grossman, CEO of NextHealth. “I have no doubt that Mehrshad will provide the technical vision we need to continue to scale and grow our product.” 

About NextHealth Technologies

Know what works. Make it better. ®  NextHealth’s AI-powered advanced analytics platform integrates data-driven decision making into workflow to improve healthcare affordability. Our HITRUST-certified SaaS solution integrates scientifically rigorous methodologies, powering the delivery of trusted, granular insights about what works for whom, why, and what to do next – from the program to the population and down to the individual member level. NextHealth’s platform scales to systematically amplify the ROI of any cost, service, or quality initiative including ER reduction, disease, case and utilization management, gaps in care, telehealth and many more. All deployments include expert services support.


Mehrshad Setayesh

Mehrshad Setayesh

Mehrshad is a veteran technology innovator with more than thirty years of experience under his belt. As CTO, Mehrshad leads NextHealth’s team of engineers and developers with a mission to improve healthcare affordability.  With passionate belief in the power of individuals and teams, Mehrshad is a value-based leader who turns complex software ideas into optimized, scalable businesses. He joined NextHealth Technologies from Oracle Inc. where he managed a large distributed engineering team responsible for a social media gateway for all Oracle clouds. Prior to his role at Oracle, Mehrshad was part of the startup company, Collective Intellect, which was then acquired by Oracle Inc.

Biography:

An avid athlete, Mehrshad believes a healthy body cultivates a healthy mind and spirit. He enjoys long distance swimming, downhill skiing, hiking, traveling and spending time with his family.

Degrees:

As a trilingual, Mehrshad began his computer science degree at Switzerland’s EPFL, The Swiss Federal Institute of Technology of Lausanne. He went on to obtain his BS in Computer Science and MS in Software Engineering from Southern Methodist University


NextHealth Technologies’ Growth Continues with the Addition of Two Senior Executives to its Leadership Team

NextHealth Technologies’ Growth Continues with the Addition of Two Senior Executives to its Leadership Team

Industry veterans will accelerate value by incorporating best practices into methodologies and delivery for NextHealth clients

FOR IMMEDIATE RELEASE

Denver, CO, October 28, 2019 — NextHealth Technologies, whose analytics platform helps healthcare organizations rapidly evaluate their entire portfolios of cost, service and access initiatives to know what works and improve affordability, announced today the addition of Peter Everett as Chief Operating Officer and Aria Martin-Ward as SVP of Client Services.

Mr. Everett will bring over 20 years of leadership experience to his role of overseeing all major operational areas of the company, including engineering, analytics, services, human resources, and information security. Ms. Martin-Ward, a long-time veteran in the healthcare IT software industry, will be responsible for value delivery as the leader of NextHealth’s client services teams. “As NextHealth continues to expand to help our health plan customers achieve affordability, we are thrilled to add such accomplished and proven leaders to our executive team,” said Eric Grossman, CEO of NextHealth.

Mr. Everett is a highly accomplished executive and entrepreneur in the healthcare technology space. He was one of NextHealth’s original investors and has served as a member of the board of directors since the inception of the company. Prior to NextHealth, Peter was founder and CEO of HealthConnect Systems, a leading SaaS provider of healthcare sales automation solutions. Peter also worked on Wall Street for over ten years providing merger and acquisition advisory and capital raising services to technology companies, most recently as Principal at JP Morgan.

Prior to joining NextHealth, Ms. Martin-Ward spent 7 years with GHX (Global Healthcare Exchange) overseeing the solution delivery teams that managed all customer project implementation, integration, training and product education activities. Before joining GHX, she led the implementation team at Epocrates, a medication reference software platform. For nearly a decade prior, she was a senior executive at Sage Software.

About NextHealth Technologies

Know what works. Make it better. ®  NextHealth’s AI-powered advanced analytics platform integrates data-driven decision making into workflow to improve healthcare affordability. Our HITRUST-certified SaaS solution integrates scientifically rigorous methodologies, powering the delivery of trusted, granular insights about what works for whom, why, and what to do next – from the program to the population and down to the individual member level. NextHealth’s platform scales to systematically amplify the ROI of any cost, service, or quality initiative including ER reduction, disease, case and utilization management, gaps in care, telehealth and many more. All deployments include expert services support.


NextHealth’s Executive Advisory Council Tackles How Payers are Measuring and Optimizing Their Clinical Portfolios for Reduced Costs and Improved Outcomes

NextHealth’s Executive Advisory Council Tackles How Payers are Measuring and Optimizing Their Clinical Portfolios for Reduced Costs and Improved Outcomes

Analytics shine a spotlight on the initiatives that deliver value and how to integrate resulting insights into workflow

FOR IMMEDIATE RELEASE

DENVER, CO, October 15, 2019 – NextHealth Technologies, whose analytics platform helps healthcare organizations rapidly evaluate their entire portfolios of cost, service and access initiatives to know what works and improve affordability, hosted its Fall Executive Advisory Council meeting in Denver on October 7th and 8th, 2019. The invitation-only Council is comprised of some of healthcare’s most influential executives and collectively represents over 30% of all insured persons in the United States.

Members convened to discuss the collective challenge of identifying the optimal balance of cost, quality of care, and affordability in the face of the often-dizzying number and array of clinical initiatives and investment options. In reviewing real-world case studies presented by healthcare luminaries, members shared the best practices and technologies that are helping them measure and optimize initiative impacts. Results of a pre-event survey revealed that most members rated their organizational effectiveness to move an insight into operational workflow at only a 2.9 out of 5.0 (with 5.0 being most effective and 1.0 being least effective). Limiting factors cited included: a) cultural resistance to change or lack of stakeholder buy-in, b) centralized or decentralized governance, c) the level of investment or resource lift required for implementation, and d) the strategic importance of the initiative. All members noted the potential benefits of utilizing the granular insights generated by the platform to aid in “storytelling” and help drive the insights into workflow.

“Together, we dug deep into specific use cases to identify and examine learnings, discussed opportunities and barriers surrounding workflow integration, and explored the continued evolution of our analytics platform,” said Eric Grossman, CEO of NextHealth. “I am humbled and honored to host such a collaborative and insightful group of senior healthcare leaders.”

NextHealth Technologies contact:

Melissa O’Connor
SVP, Marketing & Communications
[email protected]

About NextHealth Technologies

Know What Works. Make It Better.® NextHealth’s advanced analytics platform integrates data-driven decision making into workflow to improve healthcare affordability. Our HITRUST-certified SaaS solution utilizes scientifically rigorous methodologies, powering the delivery of trusted, granular insights about what works for whom, why, and what to do next – from the program to the population and down to the individual member level. NextHealth’s platform scales to systematically amplify the ROI of any cost, access, or quality initiative including ER reduction, disease, case and utilization management, gaps in care, telehealth and many more. All deployments include expert services support.


Peter Everett

Peter Everett

Peter is a highly accomplished executive and entrepreneur with significant experience in healthcare and technology. Peter was an early investor in NextHealth and has served on its Board of Directors since its founding. At NextHealth, he will serve as Chief Operating Officer and oversee all major operational areas of the company including Product, Engineering, Analytics, Client Services, Human Resources, and Information Security. Prior to NextHealth, Peter was Founder and CEO of HealthConnect Systems, a leading SaaS provider of healthcare sales automation solutions. Peter guided HealthConnect from pre-revenue to industry leadership, including two successful acquisitions and eventual sale to Ebix, providing continuing investors over 10x cash on cash returns. Prior to HealthConnect, Peter worked on Wall Street for over ten years providing merger and acquisition advisory and capital raising services to technology companies, most recently as Principal at JP Morgan.

Biography:

Peter is married with 4 children and one dog (his beloved Sawyer). He is an avid poker player and volunteers with several organizations including the National Federation for Teaching Entrepreneurship.

Degrees:

Peter holds a BS (Industrial Engineering) and MBA degrees from Cornell University


Aria Ward

Aria Ward

Aria is responsible for Client Services at NextHealth Technologies, and she brings 25+ years’ experience in IT software leadership to the role. It is Aria’s passion to create cost savings within healthcare by partnering with key stakeholders across the industry to execute strategies that streamline and automate systems to create better results. She is committed to leveraging her strong expertise in client services, operations management, compliance, and leadership success with teams of up to 60+ to provide the best experience for clients.

Biography:

Aria is devoted to giving back to the community and performs service work with an emphasis on helping families and children. She also enjoys outdoor and travel activities with her husband and 4 sons.

Degrees:

BS In Technology and Management from University of Maryland, and a Masters Certificate in Global Strategic Management, Supply Chain from Eli Broad College of Business


For Fourth Year, NextHealth Technologies is Named in Three Gartner Hype Cycle Reports


For Fourth Year, NextHealth Technologies Is Named in Three Gartner Hype Cycle Reports

DENVER — Tuesday, September 3, 2019 — NextHealth Technologies Inc.

NextHealth Technologies, whose advanced analytics platform – powered by AI and machine learning – integrates data-driven decision making into workflow to improve healthcare affordability, announced that it has been named for the fourth year in a row as a Sample Vendor in three separate Gartner reports: Hype Cycle for U.S. Healthcare Payers, 20191, Hype Cycle for U.S. Healthcare Providers, 20192, and Hype Cycle for Consumer Engagement with Healthcare and Wellness, 20193

According to Gartner in the Hype Cycle for U.S Healthcare Payers, 2019, “three industry trends are driving HCIaaS [Healthcare Consumer Insight as a Service] forward from an engineering perspective”, one of which is: “Growing evidence that the combination of diverse data sources and artificial intelligence analytic techniques provides substantial lift over traditional predictive analytic approaches.”

“Our industry continues to seek out ways to improve affordability. By integrating data-driven insights directly into workflow using our platform, we believe healthcare executives can achieve significantly reduced costs and better outcomes,” said Eric Grossman, CEO of NextHealth Technologies. “We’re very honored that Gartner has again named NextHealthTechnologies in multiple Hype Cycle reports.”

About NextHealth Technologies

Know what works. Make it better. ®NextHealth’s advanced analytics platform – powered by AI and machine learning – integrates data-driven decision making into workflow to improve healthcare affordability. Our HITRUST-certified SaaS solution integrates scientifically rigorous methodologies, powering the delivery of trusted, granular insights about what works for whom, why, and what to do next – from the program to the population and down to the individual member level. NextHealth’s platform scales to systematically amplify the ROI of any cost, service, or quality initiative including ER reduction, disease, case and utilization management, gaps in care, telehealth and many more. All deployments include expert services support.

For more information, visit https://nexthealthtechnologies.com/.

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner, Hype Cycle for U.S Payers, 2019, by Brian Cole, Jeff Cribbs, and Mandi Bishop, July 18, 2019.

Gartner, Hype Cycle for Healthcare Providers, 2019, Laura Craft, Mike Jones, 29 July 2019.

Gartner, Hype Cycle for Consumer Engagement With Healthcare and Wellness, 2019, Jeff Cribbs and Mark E. Gilbert, 26 July 2019.

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NextHealth Contact:

Melissa O’Connor
SVP, Marketing and Communications
[email protected]


Adam Letson

Adam Letson, Board Observer

Adam Letson is a Vice President at TT Capital Partners, focused on deal execution and portfolio company management for the firm’s dedicated investment vehicles.  His areas of focus is primarily targeting high-growth businesses within the healthcare IT and services sectors.

Prior to rejoining TTCP in 2017, Adam spent three years at the firm as an Associate. He began his career in healthcare investment banking at Piper Jaffray, and later worked in equity research covering financial and business services companies.

Biography:

Adam is the proud dad of Henry and Jude, who keep him busy when he isn’t working, running, or cheering on the Minnesota Twins.

Degrees:

M.B.A with distinction from the Kellogg School of Management at Northwestern University, and a B.S.B. degree from the Carlson School of Management at the University of Minnesota

BOARD MEMBER

Cynthia Nustad Joins NextHealth Technologies’ Board of Directors


Cynthia Nustad Joins NextHealth Technologies’ Board of Directors

DENVER — Monday, August 26, 2019 — NextHealth Technologies Inc., an advanced analytics platform that integrates data-driven insights into workflow to optimize healthcare affordability, announced today that Cynthia Nustad has joined its board. An inspirational leader who is known for accelerating growth strategies, Ms. Nustad brings extensive experience in HCIT, technology, governance and risk assessment.

“As healthcare leaders continue to seek ways to optimize their investments to maximize outcomes and drive down costs,” said Ms. Nustad. “I’m thrilled to be joining the board of an organization that offers a truly unique and compelling solution.”

“We are privileged to have Cynthia Nustad join our board,” said Eric Grossman, CEO of NextHealth Technologies. “Given her keen strategic vision combined with her deep expertise implementing cost containment technologies in healthcare, Cynthia stands ready to help guide the growth in value delivery for our clients as well as our ongoing product enhancements.”

Ms. Nustad was recently the EVP and Chief Strategy Officer of HMS Holdings (Nasdaq: HMSY) where she oversaw the company’s strategy, roadmap and integration of new product and technology capabilities. HMS Holdings is a publicly traded healthcare technology company with a broad suite of cost containment solutions. Nustad was also instrumental in directing the evolution and growth of corporate technology, data & analytics, software and solutions.  She has spearheaded the creation of a new business verticals, created aligned operations and integrated acquisitions with internal innovation.

Previously EVP and CIO at HMS, Nustad led the technology, cybersecurity and product innovation functions, helping to establish HMS as a healthcare technology company and creating the foundation to propel its future growth. Serving Fortune 500, mid-size and startup companies, she has also held executive leadership roles at Cambia Health Solutions and WellPoint/Anthem (NYSE: ANTM). Cynthia holds an MBA from the University of Oregon, an MPH and BA from UCLA. She currently serves as a Board Advisor for SyTrue, a healthcare data and technology unleashing the power of medical records.  She was previously a Board Advisor for Instamed, a digital banking and payments network for healthcare and a Board Member for Integriguard.

About NextHealth Technologies

Know what works. Make it better.® NextHealth’s advanced analytics platform – powered by AI and machine learning – integrates data-driven decision making into workflow to improve healthcare affordability. Our HITRUST-certified SaaS solution integrates scientifically rigorous methodologies, powering the delivery of trusted, granular insights about what works for whom, why, and what to do next – from the program to the population and down to the individual member level. NextHealth’s platform scales to systematically amplify the ROI of any cost, service, or quality initiative including ER reduction, disease, case and utilization management, gaps in care, telehealth and many more. All deployments include expert services support.

For more information, visit https://nexthealthtechnologies.com.

NextHealth Contact:

Melissa O’Connor
SVP, Marketing and Communications
[email protected]


Cynthia Nustad

Cynthia Nustad, Board Member

Cynthia was recently the EVP and Chief Strategy Officer of HMS Holdings where she oversaw the company’s strategy, roadmap and integration of new product and technology capabilities. HMS Holdings is a publicly traded healthcare technology company with a broad suite of cost containment solutions. Cynthia was also instrumental in directing the evolution and growth of corporate technology, data & analytics, software and solutions. She has spearheaded the creation of a new business verticals, created aligned operations and integrated acquisitions with internal innovation.

Prior to working at HMS Holdings, Cynthia served Fortune 500, mid-size and startup companies, holding executive leadership roles at Cambia Health Solutions and WellPoint/Anthem.

Biography:

Cynthia currently serves as a Board Advisor for SyTrue, a healthcare data and technology unleashing the power of medical records. Cynthia was also previously a Board Advisor for Instamed, a digital banking and payments network for healthcare and a Board Member for Integriguard.

Degrees:

MBA from the University of Oregon, MPH and BA from UCLA

BOARD MEMBER