Girish Navani has built a $300M+ private company in Healthcare IT that would be valued at over $3B if he were to take it public. We first covered the company in our Entrepreneur Journeys series [Built To Enjoy] in 2010. We continue the discussion here.
Sramana Mitra: Let’s pick up from where we left off about four years ago. Of course, you’re one of the key players in the healthcare IT ecosystem and started way before most of players in the current landscape. Catch me up on what’s going on and how you’ve progressed. I want to set the context of what I love about your philosophy of building the company. You’ve kept it private. When we talked in 2010, you already had thousands and thousands of customers and had substantial revenue. >>>
In our review of various Big Data players working on vertical apps, this time, we bring you a Healthcare IT story.
Sramana Mitra: Let’s start with some introductions. Please talk a little bit about yourself as well as Explorys.
Charlie Lougheed: Explorys is my third company. I was in my mid-teens when I started my first one. I was always driven to technology and entrepreneurship. I have this strange hybrid of experience in that I’ve spent a good amount of my career in large corporations as well. I’ve spent a good amount of time in the financial services sector, primarily around extending their online channel. I was responsible for both the technology as well as the business side. It was an interesting exposure. To some >>>
By guest author and 1M/1M member Luis Montes
There has been much promise and hype by home health (HH) EMR companies around the use of physician portals. In fact, almost all existing EMR systems offer some sort of physician portal application. Physician Portals have been deemed to be the future of inter-provider communication and patient health information (PHI) exchange. Portals are supposed to offer substantial improvements over conventional methods of PHI exchange currently used today among health care providers >>>
A technology company that first built a $30 million business selling a paper product? You got to be kidding! No, I am not. Read T-System’s story doing just that!
Sramana Mitra: Rob, let’s start with the beginning of your personal journey. Where are you from? Where did you grow up and in what kind of background?
Rob Langdon: I was born and raised in Canada. I’m still Canadian although I’m a US resident. I initially attended Engineering School – Electrical Engineering – after being fascinated my whole life with technology, electronics, and music. During the course of my studies, I was somewhat disillusioned with Electrical Engineering – that was in the 70s – because Electrical Engineering at >>>
Continuing our coverage of entrepreneurship far away from Silicon Valley, we bring you a conversation with Mike Carter, CEO of eGroup in Charleston, South Carolina. Typically, these environments have bred bootstrapped companies, and bootstrapping using services continues to be a popular method. Of late, incubators and accelerators are also cropping up, and building a more sophisticated ecosystem.
Sramana Mitra: Mike, let’s start with the beginning of your story. Where are you from? Where were you born and raised? What kind of circumstances leads up to the entrepreneurial story? >>>
According to the Centers for Medicare and Medicaid Services, healthcare spending in the US is projected to be worth $3.1 trillion this year, of which $620 billion is paid by US employers. Despite this significant expenditure, the healthcare industry in the country is plagued with inefficiencies and extreme variations in price and quality of health care. A major factor for these inefficiencies is the inadequate availability of information, especially with respect to the price and quality of health care, which makes it difficult for employees and health care providers to make wise health care choices.
H2S Inc. is a start-up software technology company that offers PatientDox, a document exchange SaaS platform for the health care sector. It allows health agencies and their referring physicians to send, receive, track, and e-sign time sensitive patient documents so that providers can be reimbursed for services on time. Incorporated in January 2013, the company is in pre-revenue stage looking at closing five pilot projects over the next month in Illinois and California.
According to a recent report, US EMR Market Outlook to 2017, the electronic medical records (EMR) market is project to grow 15% annually over 2013-2017. Growth will be driven by both private and public players as they continue to invest in services such as the need to adhere to the Meaningful Use Stage 2 (MU2). EMR hardware accounts for 51% of the market, and EMR services and software account for the remaining share. EMR leader athenahealth recently reported healthy quarterly results although guidance was less rosy. >>>