Binoy Bhansali
Advisory at Primary Venture Partners
Chicago, Illinois
Overview
Work Experience
Co-Founder and CEO
2023 - Current
At Diverge Health, we empower primary care practices to deliver the highest quality care to underserved patients.
Diverge Health empowers primary care practices to deliver care to underserved patients.
Raised $68,165,866.00.
Advisory Council Member
2023
I continue to support SCAN’s great work by serving on its Diversification Advisory Council. https://www.thescangroup.org/our-advisory-council
Corporate Vice President, Diversified Businesses
2021 - 2022
SCAN Group is a mission-driven organization that is tackling some of the biggest issues in healthcare for older adults. I led a team focused on building new ventures, investing in emerging companies, exploring M&A/partnerships, and managing our full portfolio of diversified assets that amplify SCAN’s mission of keeping seniors healthy and independent. Since early 2021, SCAN launched three payer-agnostic clinical delivery organizations: Welcome Health (primary care at-home), myPlace Health (PACE), and Healthcare in Action (street medicine for individuals experiencing homelessness). We also acquired/launched Homebase Medical (wrap around services to support risk-bearing primary care providers) and completed investments in several impactful companies.
SCAN Group is a mission-driven organization that is tackling issues in health care for older adults.
Advisory Board Member
2022
I serve on the healthcare advisory board of Primary Ventures, an early stage venture fund based in NYC.
Kauffman Fellow - Class 23
2018 - 2022
Since 1995, Kauffman Fellows has been a leadership organization in innovation and capital formation, with graduates leading venture capital, government, corporate, university, and startup organizations globally.
Co-investment VC firm supporting the mission of the Kauffman Fellows
Partner
2015 - 2021
Sandbox Industries acts as a bridge between corporations and entrepreneurs. In healthcare, Sandbox manages over $1B in partnership with 30+ Blue Cross Blue Shield entities. I invested in healthcare technology/services companies primarily focused on the Medicare/Medicaid segments, and was grateful to be on the Boards of several impactful companies supporting leadership teams on their journeys, including: - ExactCare: Home-delivery pharmacy that deploys “clinical liaisons” to the home to help poly-chronic and at-risk patients manage complex medication regimens. Acquired in May 2020 by CarepathRx. - Healthify: Population health management solution for healthcare organizations managing populations that lack support around the social determinants of health. Acquired in August 2021 by Wellsky. - Prove: Mobile-focused identity authentication and data management platform. - IdealOption: Clinic based provider of medication assisted treatment for opioid use disorder patients. - Quilted Health: Provides evidence based, community centered care that is designed to meet the needs of pregnant women and families. Quilted Health was a venture we incubated at Sandbox. - InsightIn Health: Member engagement company supporting Medicare Advantage and Managed Medicaid Plans to recruit members, retain members, and close quality gaps.
Sandbox bridges the gap between startups and corporations in three ways: strategic venture funds, accelerators, and consulting services.
Consultant, M&A Strategy Group
2014 - 2015
Helped lead buy-side diligence and investment processes in partnership with in-house corporate development departments at health systems, health plans, and pharmaceutical companies.
Accenture Ventures is a venture capital firm arm of Accenture, delivers innovative solutions with strategic partnerships and investments.
Investment Banking Analyst, Healthcare Group
2012 - 2014
Helped advise not-for-profit healthcare organizations (e.g., health systems, payers) on financial and strategic initiatives including buy side M&A, sell side M&A and debt financings.
Citigroup is a financial services holding company that provides various financial products and services.
Raised $12,950,000,000.00 from ValueAct Capital and Abu Dhabi Investment Authority.