Abacus Insights Promotes John Pyhtila to COO Amidst Revenue Surge
Portolio - People | Dec 10, 2024 | .406 Ventures Management LP
Abacus Insights, a leader in healthcare data usability, has appointed John Pyhtila as the new Chief Operating Officer. Pyhtila, who was previously the Chief Product and Strategy Officer, will now oversee various functions including product, delivery, and customer success. This move supports Abacus Insights' strategic growth objectives as it aims to nearly double its revenue by the end of 2024. Pyhtila will work closely with the company's Chief Technology Officer to further integrate and innovate Abacus' offerings. With industry certifications and strategic partnerships, Abacus Insights continues to transform data usability for health plans, impacting over 28 million members.
Sectors
- Healthcare Technology
- Data Analytics
Geography
- United States – Abacus Insights operates primarily in the U.S., focusing on data usability for U.S. health payers, with operations and key partnerships within the country.
Industry
- Healthcare Technology – The article discusses Abacus Insights, a company providing healthcare technology solutions, emphasizing data usability for health plans.
- Data Analytics – Abacus Insights specializes in transforming healthcare data into actionable insights for payers, indicating a strong focus on data analytics.
Financials
- Nearly doubling revenue – Abacus Insights expects to nearly double its revenue by the end of 2024 compared to the previous year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Abacus Insights | Target Company | Company | A leader in healthcare data usability for U.S. payers, providing scalable data solutions and managing data for over 28 million health plan members. |
| .406 Ventures Management LP | Private Equity Firm | Company | The PE firm backing Abacus Insights, supporting its growth and strategic initiatives. |
| John Pyhtila | Appointee, Chief Operating Officer | Person | Recently promoted to COO, Pyhtila is tasked with overseeing product, delivery, and customer success at Abacus Insights. |
| Minal Patel, MD | Founder & CEO | Person | CEO of Abacus Insights, overseeing the company's mission and growth strategy. |
| Navdeep Alam | Chief Technology Officer | Person | CTO at Abacus Insights, leading product engineering and technology innovation. |
| AWS, Databricks, Snowflake, Onyx, ZS | Key Partnerships | Company | Abacus Insights collaborates with these partners to deliver and enhance its data solutions. |
| Blue Cross Blue Shield of Massachusetts, Cambia, Prime Therapeutics, enGen | Clients | Company | Health insurance plans and providers served by Abacus Insights, utilizing its data solutions. |