Rishi Shah

Rishi Shah
(Outcome Health)

Rishi Shah co-founded Outcome Health, originally called ContextMedia, with Shradha Agarwal in 2006 to help patients with chronic diseases better manage their health. The company offers products including digital anatomy boards to help doctors talk to patients about illnesses or treatment options, and programming relevant to an office’s patient population to be shown on screens in waiting rooms.

The company raised its first outside funding in May 2017 – more than $500 million, at a valuation of more than $5 billion. Investors included Goldman Sachs, Google and a fund co-founded by Illinois gubernatorial candidate J.B. Pritzker.

In October 2017, Outcome Health was the subject of a Wall Street Journal story alleging that employees had misled advertisers about their ads’ performance. Lawsuits from investors alleging fraud came shortly after. More than one-third of the company’s 535 employees took a voluntary buyout, and pharmaceutical advertisers pulled tens of millions of dollars in advertising and hospitals have backed away.

A statement from Outcome Health said it remains committed to improving health care and creating technology jobs in Chicago. In December 2017, the company called off plans to take over nearly 400,000 square feet of office space at 515 N. State St. in Chicago.

In 2012, Shah and Outcome Health co-founder Shradha Agarwal started angel fund JumpStart Ventures to help launch businesses focused on health and education. As of 2014, the $10 million fund had made 30 investments, according to Shah.

Shah serves on the boards of the Young Presidents’ Organization, the Institute for Student Business Education at Northwestern University and the Academy for Global Citizenship, a charter school. He also serves as a mentor for numerous technology startup accelerator/incubator programs including Techstars Chicago, 1871, Healthbox and Blueprint Health.

Shah was named to the board of the Chicagoland Entrepreneurial Center, which runs 1871, in early 2015. He attended Northwestern University and lives in Chicago.

Find him on social: @rishishah Rishi Shah
Age: 32 Website: contextmediainc.com
Connected to: Co-founder, Shradha Agarwal, Outcome Health

Comments