Pat Basu is a business leader who has served as a senior executive in the corporate, government, private equity and clinical sectors. A former Stanford Physician and White House Advisor, Pat most recently served as Senior Vice President for Optum and United Health Group, a Fortune 10 company and leading provider of health care and health insurance. Pat was responsible for a $9 billion P&L with management spanning 9,000 team-members, regional executives, physicians and nurses. As part of his responsibility, Pat held full accountability revenue, profit and cost efficiency for the nation’s largest physician practice and care delivery business. 50% of this business carried insurance risk, placing it at the vanguard of payer and provider integration. He was also a key executive on UHG’s population health, digital health and behavioral health businesses.
Previously, Pat held roles as President, Chief Operating Officer & Chief Medical Officer at vRad, the post merger entity of publicly traded firms Virtual Radiologic and Nighthawk. During his tenure the firm grew earnings by >50%, revenue >25%, customer NPS >50 points and enterprise value by 5x. Through organic growth and acquisitions it grew into the nation’s largest provider of radiology and one of the nation’s largest care delivery organizations. Pat managed approximately 1,000 team-members to deliver high quality, timely and cost-effective care to approximately 9 million patients annually with more than 2,500 hospital, provider and health plan clients. He also served as President of one of the nation’s largest specialist physician groups with more than 500 full-time physicians and several hundred million dollars in revenue.
In addition to his executive leadership, Pat helped start Doctor On Demand (DoD) a transformative telehealth company which became the largest provider of primary care and behavioral health care video visits in the US. Pat supervised over 1000 clinicians and team members to expand access to affordable health care. Pat also served as President of one of the largest primary care groups in the nation. Under Pat’s leadership Doctor On Demand grew into a covered benefit for over 30 million Americans with over 700 employer, health plan, and hospital clients. Pat helped raise over $80 million from top Silicon Valley investors to grow enterprise valuation by 4x.
Pat took a leave from Stanford University to serve as a White House Fellow and Senior Advisor, where he held a Top Secret Clearance and served at highest levels of Federal government to help execute portions of the economic and health agenda. Since leaving Washington, Pat has delivered keynote addresses at over 100 corporations, universities, governments and professional societies. Pat has been frequently featured as an expert on CBS, Fox, NBC, WGN, NPR, and CNN. He has served as a consultant to multiple Fortune 500 firms and large hospital systems. Pat has advised five private equity firms as an operating adviser or board member. At Stanford, Dr. Basu also served as a Faculty Director of Health Policy and Finance. He has served as visiting faculty at 7 major universities. He is a recipient of the AMA National Excellence Award for Leadership, Stanford Consultant Physician of the Year Award, Chicago’s 40 under 40 and the Distinguished Alumni Award from the University of Chicago’s Booth School of Business.
Pat continues to play a prominent leadership role in community and public service. He is a member of the Council on Foreign Relations and White House Fellows Foundation. He is a member of key bilateral societies including U.S.-Italy Council, Atlantik-Breucke (US/Germany), USJLP (US/Japan) and Indiaspora (US/India). He served on State Board of Health in Illinois. He serves on the Board of Directors for the University of Illinois and Stanford Medical Alumni Associations. Pat has served as a lecturer at University of Chicago Booth School of business and Stanford School of Medicine.
B.S (with honors) in Mechanical Engineering from the University of Illinois
M.D. and M.B.A (with Honors) from the University of Chicago
Stanford Business School’s Faculty Leadership Training Program
Dr. Basu is a Board Certified Physician with over 30 state medical licenses
Advisory Board Members are not partners, principals or employees of Chicago Pacific Founders or any Chicago Pacific Founders fund or other affiliate. These individuals may provide expertise to Chicago Pacific Founders and its portfolio companies. They may be independent contractors or employees of current or former portfolio companies and may have business or investment activities unrelated to Chicago Pacific Founders.