Serial Healthtech Entrepreneur and Investor Andrew Schwab joins Itiliti Health’s Board of Directors
Seasoned healthcare professional brings nearly three decades of high-level industry experience to the rapidly-growing healthtech startup.
EDEN PRAIRIE, MN — (September 27th, 10am EST 2022) — Itiliti Health, a healthcare technology solutions startup that helps payers streamline their prior authorization (PA) processes, today announces it has appointed Andrew Schwab to its Board of Directors.
Schwab, Managing Partner at Excelerate Health Ventures and successful entrepreneur in the healthcare industry, has held C-Level roles at four separate technology companies – ranging from internet software development to personalized medicine – over the past 25 years. His experience in building and growing technology-focused startups has resulted in two successful exits, and two companies being featured in the Triangle Fast 50 for their outstanding revenue growth.
“Itiliti Health is devoted to expediting time-to-care while eliminating the kind of administrative work that eats into physicians’ abilities to practice medicine,” Schwab said. “Their prior authorization technology will surely help providers and increase patient comfort. I’m honored to be joining their Board of Directors.”
Schwab is an active investor and the founder of South Carolina-based RTP Capital, which was recently recognized by the Angel Capital Association as one of the most active investor networks in its region. At Excelerate Health Ventures, as Managing Partner he focuses on early-stage healthcare software companies with SaaS B2B models.
Most recently he led the resurgence of the First Flight Venture Center, mentoring 30 healthcare technology companies in a wide range of complex business issues including financing, operational challenges, and strategic mergers and acquisitions.
“Andrew’s addition to our Board of Directors will be invaluable as we look to reshape the Prior Authorization process,” said Michael Lunzar, CEO of Itiliti Health. “As a strategist, investor, and advisor to many, we believe his insights will help us broaden our market reach and help patients across the United States gain access to the care they need much, much faster.”
Schwab holds an M.S. and PhD. in Electrical Engineering from the University of Virginia, as well as a B.S. in Electrical Engineering from Duke University.
About Itiliti Health
Itiliti Health provides payer solutions that streamline the prior authorization process. PA Checkpoint was conceived in collaboration with Blue Cross Blue Shield of Minnesota and assists health plans reduce costs by eliminating hundreds of thousands of unnecessary prior authorization related telephone calls and submissions. PA Complete, to be released in phases, will ultimately automate prior authorization adjudication using AI and NLP. Itiliti Health is an experienced health plan focused partner and has a robust roadmap to address several additional payer challenges for interoperability and transparency.
For more information, visit www.itilitihealth.com.
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