Chetan Parikh, CEO & Founder at RAAPID
4.9/5 Rating
AI, SaaS, Technology, Health & Wellness
$100K-$500K/mo

Chetan ParikhCEO & Founder

In this interview, Chetan Parikh discusses his transition from chemical engineering to healthcare technology and the journey of building AI-driven solutions for value-based care. He shares insights on developing trustworthy, explainable AI for risk adjustment and medical coding, the importance of combining clinical knowledge with advanced technology, and how agentic and neuro-symbolic AI can improve accuracy and efficiency. The conversation highlights innovation, customer-driven product development, continuous learning, and the future of AI-powered healthcare operations.

Chetan Parikh

Chetan Parikh

CEO & Founder

RAAPID

Founder Stats

  • AI, SaaS, Technology, Health & Wellness
  • Started 2021
  • $100K-$500K/mo
  • 21-50 team
  • USA

About Chetan Parikh

Chetan Parikh is the founder and CEO of RAAPID and a healthcare technology entrepreneur with deep expertise in artificial intelligence and clinical data. After founding and successfully exiting EZDI, he launched RAAPID in 2021 to bring explainable, knowledge-driven AI to risk adjustment, medical coding, and value-based care. His leadership focuses on applying advanced AI responsibly, accelerating innovation through research partnerships, and helping healthcare organizations improve accuracy, efficiency, and patient outcomes.

Interview

September 22, 2025

Q

Why switch from chemical engineering to healthcare?

Question 1 of 17
Chetan Parikh

It was by design. Engineering gave me a great base, but I wanted work that felt deeply meaningful. Education and healthcare stood out. In 2002 I entered medical transcription, saw the impact of getting the right information to the right person at the right time, and never looked back.

0
Q

What pulled you from transcription into NLP and AI?

Question 2 of 17
Chetan Parikh

I wanted the deeper meaning inside notes. Around 2008-2009 we set out to understand records automatically and put synoptic, accurate information in front of providers. I did not find tech good enough, so we built our own NLP, formed a team, and launched EZDI.

0
Q

Explain AI, NLP, and LLMs in simple terms.

Question 3 of 17
Chetan Parikh

AI looks at lots of data and predicts next steps. NLP teaches a system to understand human language and structure. LLMs add huge compute and context, so the model can generate the next word and connect many dots at once.

0
Q

What is hallucination and why is it risky?

Question 4 of 17
Chetan Parikh

One small wrong assumption can multiply as the model keeps generating. It looks convincing but goes off-path. In healthcare this is unacceptable, so we push explainability and clear evidence.

0
Q

What do you mean by neuro-symbolic AI?

Question 5 of 17
Chetan Parikh

The neuro is the LLM. The symbolic is a knowledge graph of medical concepts and connections. We ground the LLM in that graph so decisions use real clinical relationships, not just statistics.

0
Q

How much does neuro-symbolic improve accuracy?

Question 6 of 17
Chetan Parikh

Classic NLP gave about 65-70% out of the box coding accuracy. With neuro-symbolic we see about 92% out of the box on risk adjustment tasks. That is a step change.

0
Q

What should buyers ask vendors in a crowded market?

Question 7 of 17
Chetan Parikh

Ask if they can implement now at your volume, how pricing and support work, how they prove trustworthiness on your data, and how they defend against RADV risk with evidence and explainability.

0
Q

How do you recommend testing a solution quickly?

Question 8 of 17
Chetan Parikh

Do a small POC with real charts. We can provision access, receive charts, and show results on the same call. Following CMS guidelines, high accuracy should show up without training on client data.

0
Q

How does coder work change with this AI?

Question 9 of 17
Chetan Parikh

NLP was assistive. Coders checked everything. Neuro-symbolic becomes augmentative. The system auto adjudicates high confidence codes, shows probability, and coders focus on true judgment calls. Trust builds over time.

0
Q

Is AI still a durable moat for vendors?

Question 10 of 17
Chetan Parikh

No. AI is an enabler now. Advances arrive in weeks, not years. That is good for buyers. We stay ahead with applied research, domain focus, and fast productization.

0
Q

How do you invest to stay ahead?

Question 11 of 17
Chetan Parikh

We fund university research and turn it into applied algorithms for risk adjustment, coding, and CDI. Topics include trustworthy AI, neuro-symbolic methods, and both large and small language models.

0
Q

What solutions are you shipping at RAAPID?

Question 12 of 17
Chetan Parikh

A RADV audit tool built by auditors for auditors, and our neuro-symbolic coding platform that outperforms legacy NLP. The goal is trustworthy automation and fewer manual passes.

0
Q

How do you handle enterprise privacy and security?

Question 13 of 17
Chetan Parikh

We do not need client data to train models. For large enterprises on Azure, we can deploy inside their own instance behind their firewall, so data never leaves and we do not access it.

0
Q

What is agentic AI in records review?

Question 14 of 17
Chetan Parikh

We create multiple AI agents with clear personas: top coder on one model, another on a second, an evidence finder, judges, and a compliance auditor. They cross check each other and escalate only the hard cases to a human.

0
Q

Does agentic AI raise compute cost too much?

Question 15 of 17
Chetan Parikh

Tech cost rises but labor drops. Think excavator vs many shovels. Total cost goes down while accuracy, compliance, and only pass outcomes improve.

0
Q

Do you still support first pass and second pass reviews?

Question 16 of 17
Chetan Parikh

With old NLP, yes. With agentic, neuro-symbolic AI, we aim for one decisive pass plus targeted human augmentation where agents disagree. It is faster, cheaper, and more defensible.

0
Q

How do you view date of service vs whole year reviews?

Question 17 of 17
Chetan Parikh

Agents analyze every date of service, but we present the signal once with linked evidence. CMS wants accurate capture and management of true conditions. Looking across the year avoids noise, reduces burnout, and still defends every code.

0

Video Interviews with Chetan Parikh

Interview with Chetan Parikh, CEO & Founder of RAAPID

Interview with Chetan Parikh, CEO & Founder of RAAPID

Interview with Chetan Parikh, CEO & Founder of RAAPID

TiECon 2014 TIE50 Chetan Parikh of ezDI at Media Lounge with Kiran Malhotra

TiECon 2014 TIE50 Chetan Parikh of ezDI at Media Lounge with Kiran Malhotra

Major Themes To Focus On | Chetan Parikh of Jeetay Investments To ET NOW

Major Themes To Focus On | Chetan Parikh of Jeetay Investments To ET NOW

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