TQIntelligence, a SaaS digital behavioral health company that provides analytics solution to effectively manage mental health disorders, today announced it named Sandeep Yadav chief executive officer. The move was effective effective Jan. 1, 2019.

Yared Alemu, TQIntelligence’s founder and immediate past CEO, will continue to serve as clinical director. The company is in the Advanced Technology Development Center’s ATDC Accelerate portfolio of startups.

“Sandeep has extensive leadership experience in the investment, financial, and startup sectors, and his background is a perfect fit to take TQIntelligence to the next level,” Alemu said. “This is an exciting time to be in behavioral health innovation, and Sandeep brings to the team a set of leadership skills to make us competitive in this new marketplace.”

Yadav previously served as the chief operating officer of CardioMEMS which St. Jude Medical acquired for $450 million. Yadav has more than seven years experience in corporate finance with Foothill Capital and Deutsche Bank. He has an MBA from Emory University and obtained a bachelor’s degree in Finance from Auburn University.

As clinical director, Alemu will lead the company’s innovation initiative, research, and product development activities. A thought leader in digital behavioral healthcare, Alemu also will continue to build the private-public partnership with payers, providers, and policymakers to improve the mental health treatment outcomes of patients in the publicly funded healthcare ecosystem.

Approximately 49 million children and adolescents currently covered by Medicaid and Children’s Health Insurance Program (CHIP) and 5 million more are receiving mental health services at a cost of about $14,000 per patient per year. There is no evidence currently that this level of investment is yielding the intended outcomes; the lack of systemic data and objective measurement of symptom severity contributes to the high cost of services without the evidence of effectiveness.

TQIntelligence’s technology addresses this challenge.