Arun Prasad
Executive Vice President, Chief Strategy Officer, HCSC and President, Diversified Businesses
View LinkedIn ProfileExecutive 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
- AvailityCurrentMay 2023–Present· 3 yrs 4 mos
- Vice Chairman of the Board of DirectorsCurrentMay 2023–Present
- MedecisionCurrentApr 2021–Present· 5 yrs 5 mos
- Chairman, Board of DirectorsCurrentApr 2021–Present
- Innovista HealthCurrentMar 2021–Present· 5 yrs 6 mos
- Chairman, Board of DirectorsCurrentMar 2021–Present
- HCSC VenturesCurrentMar 2021–Present· 5 yrs 6 mos
- PresidentCurrentMar 2021–Present
- Feb 2021–Present· 5 yrs 7 mos
- Executive Vice President, Chief Strategy Officer, HCSC, and President, Diversified BusinessesCurrentApr 2024–Present
- Senior Vice President, Chief Strategy Officer, HCSC and President, Diversified BusinessesJul 2023–Apr 2024
- Senior Vice President, Chief Strategy OfficerFeb 2021–Jul 2023
- Feb 2023–Jul 2025· 2 yrs 5 mos
- Chairman, Board of DirectorsFeb 2023–Jul 2025
- Apr 2021–Aug 2023· 2 yrs 4 mos
- Member, Board of DirectorsApr 2021–Aug 2023
- May 2009–2021· 11 yrs 8 mos
- Managing DirectorMay 2009–2021
- Aug 2003–May 2009· 5 yrs 9 mos
- Healthcare Investment BankingAug 2003–May 2009
- Jul 2001–Aug 2003· 2 yrs 1 mo
- Healthcare Investment BankingJul 2001–Aug 2003
Education
BS/BA
Finance and Economics
Boston College