Ali Parsa

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Ali Parsa is a British entrepreneur of Iranian origin. He is the founder and CEO of digital healthcare company Babylon.

Career[edit]

Early career[edit]

He studied civil engineering at University College London and graduated in 1987. He stayed on to do a PhD, specialising in the physics of fluids. He was the recipient of the Royal Award for the Young Entrepreneur of the year in 1993 for founding his first business, V&G,[1] Victorian and Gilan (1990-1995). The firm built from scratch a quality media clientele including the Times, Guardian, Telegraph, Observer, Readers Digest, BBC, the National Magazine Company and the Thomson Group and grew revenue, profitability, and retained capital substantially year-on-year. In 1995, Ali received from HRH, the Prince of Wales, the Royal Award for the Best Young Business in UK, selected from a group of 14,600 young companies. Parsa sold V&G in 1995 to join Credit Suisse First Boston as an investment banker. He later moved to Merrill Lynch and then Goldman Sachs.

Circle[edit]

Parsa set up [2] Circle in 2004 claiming it would become Europe's largest partnership of clinicians, with some £200m of annualised revenue, near 3000 employees and a successful IPO. He stepped down as Chief Executive in December 2012.

Babylon[edit]

Parsa launched Babylon, a mobile healthcare app, in April 2014.[3] Babylon is a subscription health service provider that enables users to have virtual consultations with doctors and health care professionals via text and video messaging through its mobile application.[4]

Parsa is an advocate of more private-sector involvement in the NHS, believing it improves efficiency, profitability and quality of healthcare.[5] He claims that Babylon " is the beginning of the end for the old-fashioned way we use healthcare" and that within a few years computers will perform better than doctors at making diagnoses.[6]

He was named by the Times among the 100 global people to watch in 2012, and by Health Service Journal among the 50 most influential people in UK healthcare. He was the UK Cabinet Office Ambassador for Mutuals.[1]

References[edit]

  1. ^ a b "Imagine Medicine". Retrieved 8 May 2014.
  2. ^ "Once a physicist: Ali Parsa". Institute of Physics. Retrieved 8 May 2014.
  3. ^ "New venture for former Circle boss". Sunday Times. 2 June 2013. Retrieved 21 December 2013.
  4. ^ https://www.wired.co.uk/news/archive/2014-04/28/babylon-ali-parsa
  5. ^ "Ali Parsa: Government should not be running hospitals". The Telegraph. 4 Aug 2012. Retrieved 8 May 2014.
  6. ^ "The doctor will see you now: NHS starts smartphone consultations". The Times. 6 November 2017. Retrieved 25 November 2017.

External links[edit]