Craig Serio

Craig Serio is an experienced healthcare industry executive with expertise in healthcare technology. He is the founder of several technology startups with successful exits. Each of these enterprises shared a common theme of greater efficiency and performance enhancement through innovative technology.

Mr. Serio co-founded RAIR technologies with Henry Goldberg, M.D. RAIR’s Managed Athletic Testing Services (MATS) division developed technology for detecting illegal substance abuse and the presence of banned substances in professional and amateur athletics. RAIR’s software utilized proprietary algorithms to reduce errors at the input stage and was deployed across several vertical markets including healthcare, sports, air and ground transportation, and logistics. RAIR’s work in developing large databases and parsing the pertinent data using algorithms to identify trends and produce reports was at the leading edge of technology at the time. RAIR was sold to LYTX.

Following RAIR Technologies Mr. Serio formed ClaimsBPO with two partners. Under their leadership, the company grew from a startup to 425 employees. ClaimsBPO developed systems to automate and streamline healthcare processes while reducing costs for both Payers and Providers.

ClaimsBPO was acquired by WNS, a portfolio company of Warburg Pincus, a private equity firm headquartered in New York City. The ClaimsBPO team transitioned to form WNS Healthcare. Mr. Serio was appointed President and CEO. Under Mr. Serio’s leadership, the growth of the company continued to grow to 1800 FTE’s and a post-acquisition revenue increase of 7X and 9X increase in EBITDA. Mr. Serio was Chairman of WNS Healthcare and a member of the Board of Directors of WNS North America. WNS completed a successful IPO and is listed on the NYSE.

Mr. Serio was a managing director and entrepreneur in residence at The Resource Group (TRG), a private equity firm in Washington D.C. TRG Healthcare Inc. was launched as a healthcare investment venture with Mr. Serio as CEO and member of the Board of Directors. Additionally, he was CEO of Administrative Enterprises Inc. (AEI) in Glendale, Arizona, and a member of the AEI Board of Directors.

Mr. Serio was CEO of Capital Asset Advisors (CAA). CAA provides guidance in raising capital and acquisition activity to companies developing innovative technology for the healthcare industry.

Mr. Serio studied for a BSBA. in Business Administration at Nova Southeastern University, H. Wayne Huizenga College of Business & Entrepreneurship. He is a member of the Medical Device Manufacturers Association (MDMA), Urgent Care Association (UCA), National Association of Chain Drug Stores (NACDS), American Society for Clinical Laboratory Science (ASCLS), and American Society for Microbiology (ASM).