BREAKING
CNBC 2025 Changemaker Cityblock Health tops $1B revenue TIME100 Next honoree Elected to National Academy of Medicine 2024 Cityblock pivots AI toward Medicaid care delivery CNBC Disruptor 50 - three years running Fierce Healthcare Women of Influence 2025 Modern Healthcare Most Influential Clinical Executives Appointed to Foodsmart Board of Directors CNBC 2025 Changemaker Cityblock Health tops $1B revenue TIME100 Next honoree Elected to National Academy of Medicine 2024 Cityblock pivots AI toward Medicaid care delivery CNBC Disruptor 50 - three years running Fierce Healthcare Women of Influence 2025 Modern Healthcare Most Influential Clinical Executives Appointed to Foodsmart Board of Directors
Dr. Toyin Ajayi, Co-founder & CEO of Cityblock Health
Dr. Toyin Ajayi / Cityblock Health / Brooklyn, NY
Physician. Founder. Change Agent.

ToyinAjayi

Co-Founder & CEO, Cityblock Health
National Academy of Medicine Member

"The doctor who stopped treating patients one by one - and started fixing the system that kept failing them."

$5.7B Valuation
$1B Annual Revenue
3 Continents shaped
her story
CNBC 2025 Changemaker TIME100 Next Nat'l Academy of Medicine Health Equity

She still sees patients. The CEO of a $5.7 billion company, with board seats at a publicly traded health firm, a slot on the Congressional Budget Office health panel, and a membership in the National Academy of Medicine - and she still shows up to the exam room. Not for optics. Because the exam room is where Toyin Ajayi's entire argument lives.

The argument, stated plainly: the sickest, most socially complex patients in America - the 10% who drive 50-60% of all healthcare spending - have been failed by a system built for other people. Ajayi didn't write a paper about it. She built Cityblock Health to fix it.

The journey from Nairobi to Brooklyn to a $1 billion revenue company passes through some unlikely geography. Born in Boston to Nigerian parents, raised in Kenya, trained at Stanford, Cambridge, and King's College London, she co-founded a healthcare nonprofit in Freetown, Sierra Leone at 25 before she ever wore the title of executive. In a country of 7 million people with 50 doctors, she saw what happens when healthcare systems abandon the math on certain lives. She filed it away.

By 2017, she was inside Alphabet's Sidewalk Labs - the same Google-backed lab that tried to redesign Toronto's waterfront - co-founding Cityblock with Iyah Romm and Bay Gross. The premise: build a technology-enabled, whole-person primary care model for the Medicaid and Medicare populations that every other health-tech startup had quietly decided weren't profitable enough to serve.

They were wrong about the economics. Ajayi proved it. Cityblock books $1 billion in annual revenue, with a care model that integrates physical health, mental health, and social determinants - food, housing, transportation - because, as Ajayi puts it: "Your hearts, lungs, and kidneys are only a small part of what it means to be healthy."

"When we first started this company there were lots of questions about whether you could make a market in Medicaid, whether you can scale and create profitable margins - and we are here to say you can do these things."
- Toyin Ajayi, to CNBC
By the Numbers

The Cityblock Scale

$5.7B
Peak Valuation
$1B
Annual Revenue (2023)
$400M
Late-Stage Funding Round
2017
Founded out of Alphabet's Sidewalk Labs

From Freetown to the Fortune List

Her father practiced medicine through the AIDS epidemic in Nairobi - a daily confrontation with what happens when health systems are not designed for the people who need them most. That template lodged somewhere in Ajayi's thinking. At Stanford she studied human biology. At Cambridge she earned her master's. At King's College London she got her medical degree - with Distinction in Clinical Practice. She chose family medicine, she has said, because it offered the "most varied tool set." A CEO move, before she knew she'd be one.

In 2009, as a medical student in Sierra Leone, Ajayi encountered a country of 7 million people with exactly 50 doctors. She didn't write it off as someone else's problem. She founded a nonprofit focused on the largest safety-net hospital in Freetown. She was 25.

Back in the US, she moved into the machinery of healthcare systems - becoming Chief Medical Officer at Commonwealth Care Alliance, overseeing clinical services for complex-needs populations while keeping a medical practice. The pattern was set: understand the system from inside the clinic, not from a consulting deck.

By 2017, she was at Sidewalk Labs. The urban-tech incubator's DNA was about redesigning the infrastructure of cities. Ajayi and Romm applied that logic to care delivery: what if you redesigned the infrastructure of healthcare for the people the current version had given up on? Cityblock was the answer.

When she took the CEO seat in 2022 - after Romm stepped down - she inherited a company that needed restructuring. She made hard calls, including cuts of 12% of the workforce. Then she grew revenue to $1 billion. The restructuring chapter is often told as a failure story. Ajayi tells it as a pivot story. There's a difference.

Career Arc

The Road to $1B

2009

Founded a healthcare nonprofit in Freetown, Sierra Leone - one of the world's most under-resourced health systems. The beginning of a lifelong commitment to building where others won't go.

Pre-2017

Served as Chief Medical Officer at Commonwealth Care Alliance, running clinical operations for complex-needs populations while continuing to practice medicine - building the systems instinct that would define Cityblock.

2017

Co-founded Cityblock Health with Iyah Romm and Bay Gross inside Alphabet's Sidewalk Labs. Served as President, with Romm as CEO. The premise: world-class primary care for Medicaid patients, at scale, profitably.

2020

Cityblock raised a $160M funding round and crossed a $1 billion valuation - proving early that the Medicaid market could sustain a venture-backed unicorn.

2022

Became CEO as Romm stepped down. Led a company restructuring including a 12% workforce reduction. Closed a $400M late-stage round. Valuation approached $6 billion.

2023

Cityblock reached $1 billion in annual revenue. Named TIME100 Next. Recognized by Modern Healthcare, STAT, and named an Aspen Institute Henry Crown Fellow.

2024

Elected Member of the National Academy of Medicine. Cityblock named to CNBC Disruptor 50 for the third consecutive year. Opened new community clinics across Brooklyn, Indianapolis, Columbus, and Cincinnati.

2025-26

Named CNBC Changemaker and Fierce Healthcare Women of Influence. Appointed to Foodsmart Board. Cityblock publicly pivots AI investment toward care delivery over revenue cycle - with agentic AI and ambient clinical support tools.

In Her Own Words

Toyin on Healthcare, Equity & AI

"Your hearts, lungs, and kidneys are only a small part of what it means to be healthy. Community, mental health, having enough food to eat, access to education and transportation - all of that matters so much when we are trying to get people healthy and keep them healthy."

"When innovation is concentrated in the revenue cycle, we risk deepening the inflationary spiral that drives up costs without improving outcomes."

"Everyone has one of those patients - the person who, when you come into the clinic, either won't show up and you spend the afternoon wondering if they're in the ER, or they come and you're nagged by the guilt that you didn't even scratch the surface. You're almost set up to fail for that person."

"It's unacceptable that we're looking at exactly the same data about healthcare disparities. Health is local. And the solution has to be too."

"Having a sense of confidence and agency is the key to tackling complex issues."
- Toyin Ajayi, to CNBC's Julia Boorstin
Innovation

Six Principles for AI in Healthcare

While 60% of healthcare AI investment flows into billing systems, Ajayi is redirecting Cityblock's technology stack toward actual care delivery. In 2026, she laid out the framework her team operates by:

01
Equity First
Every technology decision is filtered through whether it improves outcomes for the most underserved patients - not the most profitable ones.
02
Solve Pressing Problems
AI should address real clinical friction - not create more dashboards for problems no one asked to track.
03
Trust Before Data
Low-income and communities of color have lower trust in healthcare. Building that trust comes before any data collection.
04
AI as Relationship Engine
Conversational voice and messaging tools that detect housing and food security needs and route them to human care coordinators - not replace them.
05
Behavior Change as Goal
Sustainable health outcomes require changing behavior over time - not just documenting encounters.
06
Scalable Compassion
Ambient clinical scribes that translate Spanish patient conversations into English clinical notes in real time. Care that scales without losing humanity.
Formation

Education Across Three Countries

Stanford University
Bachelor of Science
Human Biology
University of Cambridge
Master of Philosophy
King's College London
MD with Distinction
in Clinical Practice
Boston Medical Center
Residency
Family Medicine
Recognition

Accolades & Honors

CNBC 2025 ChangemakerRecognized for reshaping healthcare for underserved communities
National Academy of MedicineElected Member, 2024
TIME100 Next2023 - Rising leaders across sectors
Aspen Institute Henry Crown FellowClass of 2023
Modern HealthcareWomen to Watch (2023) + Most Influential Clinical Executives (2025)
Entrepreneur Magazine100 Women of Impact, 2021
CNBC Disruptor 50Cityblock named - three consecutive years (2022, 2023, 2024)
Black Business Ventures AssociationFounding 50 - Top Black tech founders, 2023
Fierce HealthcareWomen of Influence, 2025