Mr. Shepherdson joins Cohere leadership amid rapid growth and market expansion
BOSTON, Mass. , Oct. 18, 2024 /PRNewswire/ — Cohere Health®, a recognized leader in clinical intelligence and prior authorization automation, has appointed Robert (Bob) Shepherdson as Chief Financial Officer. Mr. Shepherdson will lead Cohere’s financial strategy and business scale amid significant revenue growth and strategic activity fueled by Cohere’s recent capital injection.
Cohere Health (PRNewsfoto/Cohere Health)
Shepherdson has more than 35 years of expertise in the high-growth healthcare and technology sectors, with a proven track record of leading businesses through both organic and inorganic growth strategies across private equity, venture capital, and publicly traded environments. . His extensive industry knowledge, combined with his experienced approach to financial leadership and strong strategic vision, will position Cohere as it expands innovative solutions for health plan customers and other customers. , is uniquely positioned to lead Cohere’s financial, partnership, and inorganic efforts.
“With his extensive background in healthcare finance and proven track record of guiding high-growth companies through pivotal milestones, including IPOs and strategic M&A, Bob will continue to expand our business and increase market share.・It will become an essential part of health.” Siva Namasivayam, CEO of Cohere Health, said: “Bob’s expertise will help us as we enter our next phase of growth and leverage utilization management by using the latest technology and AI capabilities to transform and improve processes for patients, providers and health plans. We drive our mission beyond.”
Previously, Shepherdson served as Amwell’s chief financial officer, overseeing all aspects of the company’s finance, accounting and M&A. He joined Amwell in November 2021 from Morgan Stanley, where he spent more than 30 years in various leadership roles in Global Capital Markets and Media Communications Investment Banking. At Morgan Stanley, Mr. Shepardson led Amwell’s IPO and offering as lead underwriter and led numerous high-growth companies including One Medical, Accolade, Oak Street Health, Certara, Alignment Healthcare, and LifeStance Health. Managed financing for a healthcare company.
“Cohere is a great technology and AI company that has grown tremendously in such a short period of time,” Shepherdson said. “We look forward to building on Cohere’s strong market momentum and contributing to its next phase of growth and expansion.”
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This announcement follows the company’s recent $50 million equity raise. Additionally, Cohere has maintained its rapid growth trajectory over the past year through partnerships with Medical Mutual and Rhyme, expanded collaboration with Humana, integration with Epic’s Payer Platform, and recently announced partnership with MCG.
Shepherdson currently serves as Treasurer of the Board of Directors of The Alliance for Positive Change, an organization focused on changing the lives of New Yorkers living with HIV/AIDS and other chronic illnesses. He graduated magna cum laude with a bachelor’s degree in economics from Princeton University and earned a master’s degree in business administration from Dartmouth College’s Tuck School of Business.
About Kohia Health
Cohere Health is a clinical intelligence company that provides intelligent preauthorization as a starting point for better outcomes by aligning physicians and health plans based on evidence-based care paths throughout a patient’s care journey. is. Currently processing 9 million intelligent pre-authorization requests annually, Cohere positively impacts more than 15 million health plan members and 492,000 health care providers nationwide. The company is ranked among the top 5 LinkedIn™ startups, received a TripleTree iAward, is a three-time KLAS Research Points of Light recipient, and has been named to Fierce Healthcare’s Fierce 15 and CB Insights’ Digital Health 150 lists. Cohere’s investors include Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners.
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Anthony Burnham Public Relations Department
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Rachel Spiro
Kohia Health
rachel.spiro@coherehealth.com
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