“As co-founder of CitiusTech, it has been a privilege to lead the organization and see it scale to over 5,400 healthcare technology professionals serving over 120 healthcare organizations,” said Rizwan Koita, co-founder and outgoing CEO. “Having worked closely with Bhaskar during the past six months, I am inspired by his passion to improve healthcare outcomes through technology innovation. CitiusTech’s co-founder and COO, Jagdish Moorjani, and I look forward to supporting him to drive the next phase of growth at CitiusTech.”
“The healthcare industry is poised for significant transformation driven by the shift to patient and consumer centric business models, enabled by technology. CitiusTech is well positioned to help healthcare 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 healthcare 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 healthcare ecosystem.”
The transition marks an important milestone for CitiusTech which was started in 2005 by Mr. Koita and Mr. Moorjani. Today, CitiusTech is a highly differentiated healthcare technology business which has delivered exceptional value to clients, created accelerated growth for employees and achieved strong, consistent growth over the last 16 years, while demonstrating historical resilience across global economic disruptions, including the COVID-19 pandemic. The company today has over $300 Mn in annualized revenue with industry leading margins.
While Mr. Koita and Mr. Moorjani step down from their executive roles, they will continue to be significant shareholders and support CitiusTech as part of the board. They plan to commit more time to not-for-profit and social impact initiatives.
CitiusTech (www.citiustech.com) is a leading provider of healthcare technology services, AI/ML & analytics capabilities, platforms and end-to-end packaged solutions to over 120 organizations across the payer, provider, medical technology and life sciences markets. With over 5,400 healthcare technology professionals worldwide, CitiusTech powers healthcare digital transformation through next-generation technologies, solutions and accelerators. Key focus areas include healthcare 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. CitiusTech has two subsidiaries, FluidEdge Consulting (www.fluidedgeconsulting.com) and SDLC Partners (www.sdlcpartners.com) with deep expertise in healthcare consulting and payer technologies, respectively. CitiusTech’s cutting-edge technology expertise, deep healthcare domain expertise and a strong focus on digital transformation enables healthcare organizations to reinvent themselves to deliver better outcomes, accelerate growth, drive efficiencies, and ultimately make a meaningful impact to patients.