Dr Shiv Rao Net Worth – Abridge Co-founder and CEO

Dr Shivadeva Rao, MD is a practicing cardiologist at UPMC’s Heart and Vascular Institute. He is also the founder and Chief Executive Officer of Abridge, a generative artificial intelligence (AI) focused on healthcare. Dr. Rao identified the potential to bridge the gap between healthcare talks and what occurs next based on his own family’s experience with a rare condition and his work as a cardiologist.

With Abridge medical interactions are summarized and structured in real time for clinicians, payers, and patients inside the medical record. Founded in 2018, the company is now one of the leaders in generative AI for healthcare. In 2024, its valuation is over $850 million.

“We’re giving agency back to clinicians, creating clarity for patients, and establishing radical efficiencies to transform healthcare from the conversation up.” – Shiv Rao

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Dr Shiv Rao’s Net Worth

Unfortunately, we do not have any credible information on Dr Shiv Rao’s net worth as of today. Because of his designation as the CEO of a company valued at more than $800 million, we can expect his yearly pay to be quite hefty. 

However, this is just speculation. We will update you as soon as we get our hands on legitimate information. 

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Education

Dr Shiv Rao went to Carnegie Mellon University for his bachelor’s degree in 1997. He was the only recipient of the Cultural Outreach Scholarship. Rao was also one of five fifth-year students chosen to earn a complete living stipend and scholarship to pursue a diverse range of academic interests. He spent almost a year taking classes in the College of Fine Arts (CFA) and programming experimental sound pieces. 

In 2007, he enrolled in the Internal Medicine Residency Program at the University of Michigan. 

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Career

In 2013, Dr Shiv Rao joined the UPMC Enterprises / Technology Development Center as a Physician Advisor in Residence.  UPMC is a $20 billion integrated global health enterprise, comprising 22 academic, community, and regional hospitals.

Two years later, he was promoted to Director of the Clinical Innovation Strategy. 

The next year, in 2016, he was made the VP (Vice-President) of Clinical Innovation. A few months later, Rao became the EVP (Executive Vice President) of the company. 

In 2012, Dr Shiva Rao joined the Heart and Vascular Institute at the University of Pittsburgh Medical Center as a Chief Academic Fellow. In 2013, he became a part of the Cardiology faculty. His clinical responsibilities include inpatient care on the cardiology pavilion, weekly outpatient clinics, and regular teaching of medical trainees. Dr Shiva Rao, MD is a practicing cardiologist. 

This accomplished cardiologist co-founded Abridge, a generative AI for healthcare in 2018. Since then, he has been serving as the company’s CEO. Abridge is now valued above $850 million.

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Latest Updates

Abridge concluded its Series C funding round, accumulating over $150 million. The founding round was concluded in February 2024. The company’s top investors include Lightspeed Venture Partners and Redpoint.

Recently, Abridge CEO Shivdev Rao delivered a keynote address at UPMC’s Top of Mind Summit (Center for Connected Medicine). He explained how to conceptualize the impact of AI on health systems and properly integrate it throughout the Enterprise. UPMC is presently growing Abridge across the system and will go online shortly with greater integration of Abridge.

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FREQUENTLY ASKED QUESTIONS

1. Who is the CEO of Abridge?

The Chief Executive Officer (CEO) of Abridge is Dr Shiva Rao, MD. Dr Rao is a practicing cardiologist and has been the company’s CEO since it was founded in 2018. 

2. Who founded Abridge?

Dr Shiv Rao co-founded Abridge with Florian Metze PhD, a research professor at Carnegie Mellon’s Language Technologies Institute, and Sandeep Konam, a former Carnegie Mellon master’s student in robotics.