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puja desai
SAP FI/CO Consultant at Deloitte
Parth Desai is a Partner at Flare Capital Partners, a leading healthcare technology venture capital firm. Here are key details about his background and role:
Professional Experience
Parth joined Flare Capital in March 2019 as a Senior Associate and was quickly promoted to Principal in January 2020.1 He was recently promoted to Partner in July 2024, recognizing his exceptional contributions to the firm.3
Investment Focus
At Flare Capital, Parth focuses on investing in emerging healthcare and technology companies. He is a lead or co-lead investor for several portfolio companies, including:
- SmarterDx (Board Member)
- Positive Development (Board Observer)
- BeMe Health (Board Observer)
- Birch AI (Board Observer)
He also supports or has co-led investments in companies like Aetion, HealthVerity, Suki AI, Bright Health, and HealthReveal.24
Background
Prior to Flare Capital, Parth's experience includes:
- Investor at NewYork-Presbyterian Hospital Ventures (2018-2019)
- Senior Consultant at Deloitte Consulting (2013-2017)
- Research Analyst for the Massachusetts House of Representatives (2011-2013)4
Education
- MPH in Health Policy and Management from Boston University School of Public Health
- Master of Arts in Clinical Medicine from Boston University School of Medicine
- BS in Biology from Boston College12
Expertise
Parth has a background in healthcare policy, operations, innovation, and investing. He is known for his deep understanding of the healthcare industry and is pushing the firm's thought leadership in the AI sector.3
Parth Desai's LinkedIn username is parth-v-desai.4
Highlights
Healthcare profit pools are quietly shifting. Though overall cost growth continues unchecked, hospitals have been steadily ceding margin to other sectors over the last several years. Rate pressures, shifting care patterns, therapeutic progress and upstarts unbundling care all threaten to perpetuate this dynamic. At #ViVE2024, Dr Rowland Illing, Sanjula Jain, Mary Beth Navarra-Sirio, Ted Syverson, and I discussed how hospitals need to reposition themselves to better compete. Below is a summary of insights from the conversations. Let me know what you think!
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Innovate Around the Patient: Hospitals are juggling the interest of multiple stakeholders as they contemplate prioritizing growth strategies. But patient experience and engagement needs to be at the center of any strategy. We need to rebuild the trust that has eroded over the years. Technology purchasing decisions are being rationalized on their ability to facilitate transparency and strengthen the patient relationship.
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Double Down on the Core: Over the last few decades, the most successful health systems have grown profitability by doubling down on what they have always been good at, not reinventing themselves. Examples cited include turning cost centers in profit centers (ie, HCA Healthcare & HealthTrust Performance Group, Tenet Healthcare & Conifer Health Solutions), laser focus on consolidated vendor management, and shrinking inpatient footprint in favor of ambulatory footprint.
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Crawl with Data and Walk to Technology: Technology does have a role to play in diversified growth, but it must be underpinned by a deliberate data strategy to avoid being a distraction. As Dr Rowland Illing said “data is the new water, an infinite resource that will grow in volume and utility”. Everyone wants generative AI applications, but what they don’t realize they first need is data that is unified, actionable and secure. When you align this data strategy with people (skills, change management), leadership buy-in and process redesign, you can unlock productivity and ROI.
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Build an Innovative Culture: Workforce development strategies will make or break hospital profitability 10 years from now. Salient strategies should include career development or upskilling pathways, productivity augmentation, and the development of leaders who are empowered to create a culture of calculated risk-taking.
Flare Capital Partners
Join Dr Rowland Illing, Sanjula Jain, Mary Beth Navarra-Sirio, Ted S. and I at ViVE 2024 in LA this year as we talk about the creative investments hospitals should be making to drive new margin in an increasingly competitive healthcare landscape.
