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Signify Health Names Paymon Farazi Chief Product Officer
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Rhea-AI Summary
Signify Health (NYSE: SGFY) announces the appointment of Paymon Farazi as Chief Product Officer, effective immediately. Farazi brings over 20 years of healthcare and technology experience, particularly in product strategy. He aims to enhance the company’s suite of healthcare services, bridging post-acute, primary, and specialty care. CEO Kyle Armbrester emphasized that Farazi’s expertise is crucial for advancing value-based payment programs and improving healthcare outcomes. The company focuses on providing solutions that align financial incentives with patient outcomes.
Positive
Appointment of Paymon Farazi as Chief Product Officer to enhance product strategy.
Farazi's extensive experience in healthcare and tech expected to improve service offerings.
Commitment to build a platform connecting providers and payors for better healthcare outcomes.
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None.
Former OptumInsight CPO will build out suite of healthcare services that tie together post-acute, primary and specialty care
DALLAS & NEW YORK--(BUSINESS WIRE)--
Signify Health, Inc. (NYSE: SGFY), a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare networks to create and power value-based payment programs, today announced that Paymon Farazi will be joining the Company as Chief Product Officer. Mr. Farazi brings more than two decades of experience leading product strategy for healthcare and technology companies to his role overseeing product strategy and design for the Company’s suite of payor and provider solutions.
Paymon Farazi joins Signify Health as Chief Product Officer (Photo: Business Wire)
“We exist to help our clients succeed in any risk-based or value sharing model,” said Signify Health CEO Kyle Armbrester. “To do this, we are building a platform that connects providers and payors in accountable relationships. Paymon’s deep experience in healthcare payment and technology will be critical as we expand our portfolio of tools and services to help our clients tie together post-acute, primary and specialty care to improve quality and outcomes for the people they serve.”
With a proven track record of leading successful teams and executing on high impact product strategies across healthcare, fintech, and cloud technology companies, Mr. Farazi will be responsible for product strategy, development and marketing across the Company’s business segments. He brings to Signify Health more than 15 years of experience in product leadership, including roles at OptumInsight. He also served in product and operations leadership positions at Cargill, Symantec and Dell. He earned his B.S. in Computer Engineering from Northwestern University and his MBA from the University of Texas at Austin.
“With its ACO and episodes of care capabilities, Signify Health is uniquely positioned to offer an end-to-end total cost of care platform for all providers and payors, regardless of where they are in their value-based care journey,” said Mr. Farazi. “This platform, together with the Company’s ability to fill the gaps across the continuum reaching all the way into the home, offers a powerful opportunity to make every care encounter more effective. I am delighted to be joining Signify at this exciting time in the Company’s journey and look forward to helping our clients achieve sustainable success in these new models that reward improved outcomes.”
About Signify Health
Signify Health is a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Our mission is to transform how care is paid for and delivered so that people can enjoy more healthy, happy days at home. Our solutions support value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home. For more information on how we are taking health homeward, visit us at signifyhealth.com.
