Arun Prasad

Arun Prasad

Executive Vice President, Chief Strategy Officer, HCSC and President, Diversified Businesses

Availity

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Experience25+ Years

Executive Overview

Arun is a member of the senior leadership team (reporting directly to CEO) of Health Care Service Corporation (HCSC). HCSC is one of the largest managed care companies in the U.S., serving over 26 million members across the United States, generating $90 billion in annual GAAP revenue, managing approximately $150 billion of annual healthcare spend, and employing over 35,000 people. Arun serves as Executive Vice President, Chief Strategy Officer, HCSC and President, Diversified Businesses at HCSC. Enterprise strategic responsibilities include: corporate strategy, applied artificial intelligence and data solutions, enterprise transformation, enterprise project management office (PMO), corporate development, enterprise performance analysis, enterprise risk management, and enterprise marketing. Enterprise P&L responsibilities span businesses with over $11 billion of gross revenue, including enterprise pharmacy, Luminare Health (TPA), Medecision (cloud-based CM/UM), and CareAllies/Innovista (value-based physician enablement). Prior to joining HCSC, Arun was a senior investment banker at Moelis & Company, where he was a founding member of the healthcare team and co-led healthcare coverage. At Moelis, Arun was responsible for talent management and compensation of the healthcare team and co-chair of the Moelis firmwide global new business review committee (responsible for vetting and deciding on client mandates based on their scope, risk, and potential economics). During his investment banking career, Arun advised on over $100 billion of transactions, including mergers, acquisitions, financings, activist defense, recapitalizations, and restructurings.

Career Timeline

Professional employment history
  • AvailityCurrent
    May 2023–Present· 3 yrs 4 mos
    • Vice Chairman of the Board of DirectorsCurrent
      May 2023–Present
  • MedecisionCurrent
    Apr 2021–Present· 5 yrs 5 mos
    • Chairman, Board of DirectorsCurrent
      Apr 2021–Present
  • Mar 2021–Present· 5 yrs 6 mos
    • Chairman, Board of DirectorsCurrent
      Mar 2021–Present
  • Mar 2021–Present· 5 yrs 6 mos
    • PresidentCurrent
      Mar 2021–Present
  • Feb 2021–Present· 5 yrs 7 mos
    • Executive Vice President, Chief Strategy Officer, HCSC, and President, Diversified BusinessesCurrent
      Apr 2024–Present
    • Senior Vice President, Chief Strategy Officer, HCSC and President, Diversified Businesses
      Jul 2023–Apr 2024
    • Senior Vice President, Chief Strategy Officer
      Feb 2021–Jul 2023
  • Feb 2023–Jul 2025· 2 yrs 5 mos
    • Chairman, Board of Directors
      Feb 2023–Jul 2025
  • Apr 2021–Aug 2023· 2 yrs 4 mos
    • Member, Board of Directors
      Apr 2021–Aug 2023
  • May 2009–2021· 11 yrs 8 mos
    • Managing Director
      May 2009–2021
  • Aug 2003–May 2009· 5 yrs 9 mos
    • Healthcare Investment Banking
      Aug 2003–May 2009
  • Jul 2001–Aug 2003· 2 yrs 1 mo
    • Healthcare Investment Banking
      Jul 2001–Aug 2003

Education

BS/BA

Finance and Economics

Boston College

Executive Relationship Map

Reports To
Arun Prasad
Vice Chair & President
Chief Financial Officer
Chief Technology Officer
Chief Operating Officer

Executive Network Preview

BizKonnect has mapped this leadership network including reporting hierarchies, peer connections, and cross-functional relationships.

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Skills & Expertise

8 of 8 skills
Investment BankingMergers & Acquisitions (M&A)Private EquityInvestmentsFinancial ModelingMergers & AcquisitionsValuationLBO