Ravi Umarji Joins Lyric as Chief Financial Officer
Lyric, a leader in technology-first payment accuracy solutions, today announced that Ravi Umarji has joined as Chief Financial Officer. In this role, Ravi will be an integral member of Lyric’s Executive Leadership Team, where he will be focused on driving top-line growth, profitability, and strategic prioritization across the organization.
“Since becoming Lyric, our mission has been to transform how we provide value to our customers and simplify the complex and ever-changing healthcare landscape through our advanced product and service portfolio,” said Raj Ronanki, CEO. “With a proven track record in financial and investment strategy and a passion for innovation, Ravi joins our team at the forefront of revolutionizing payment accuracy as we aim to drive transformative growth and ensure our path to success remains unwavering."
Ravi brings extensive finance and corporate development experience, with more than a decade leading investments for TPG Capital, where he focused on healthcare. Ravi received a B.S. in Applied Mathematics and Economics from Northwestern University—from which he graduated magna cum laude and with Tau Beta Pi engineering honors—and an MBA from Harvard Business School.
"Lyric has a multi-decade track record of driving significant improvements in payment accuracy for its valued customers, generating efficiencies for all stakeholders in the healthcare ecosystem,” Ravi said. “I'm excited to build on this strong foundation and help Lyric drive innovation and growth while simplifying the business of care alongside Lyric’s exceptional leadership team."
About Lyric
Lyric, formerly ClaimsXten, is a leading healthcare technology company, committed to simplifying the business of care. Over 30 years of experience, dedicated teams, and top technology help deliver more than $14 billion of annual savings to our many loyal and valued customers—including 9 of the top 10 payers across the country. Lyric’s solutions serve as the foundation for streamlining increasingly complex claims payment processes, bringing the insights needed for more precision and efficiency along the continuum. Lyric serves many of the nation’s largest commercial and government-sponsored health plans, responsible for covering more than 185 million lives. Lyric’s strong relationships as a trusted ally to customers resulted in recognition from KLAS as “true partner” and “excellent value for investment,” with a top score for overall customer satisfaction and A+ likelihood to recommend in their October 2023 Payment Integrity and Accuracy Report.
