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 >>>
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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 >>>
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
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? >>>
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.
Rich Mahoney is the director of robotics engineering at SRI. He has more than 20 years of experience in the development and research of robotics. He holds a BS and an MS from Drexel University in Pennsylvania and a PhD in engineering from the University of Cambridge, England. In this interview he talks about current developments in the robotics industry and potential uses of robotics in our daily lives as well as the future of this fascinating field.
Sramana Mitra: Rich, let’s start with a bit of context. Give us an overview of where you think robotics sits today.
Rich Mahoney: This is my 25th year in robotics. I started in 1988 as a graduate student, and robotics itself emerged in the 1960s as a manufacturing technology in Boston and Silicon Valley, where the first demonstrations of industrial robotics were gaining traction. >>>
The cost of healthcare administration is a hot issue in America. According to the Center for American progress, in the U.S. healthcare system an estimated $361 billion annually goes to cover administrative costs. That number is a 14 percent of total healthcare expenditure nationwide.
Improvements in IT are expected to reduce these expenditures dramatically. The New England Journal of Medicine, citing the Harvard University Department of Economics, states that “The average U.S. physician spends 43 minutes a day interacting with health plans about payment, dealing with formularies, and obtaining authorizations for procedures.” In the report released by the Center for American Progress in June 2012, experts estimate that adoption of electronic transactions, or adoption of IT, can lead to a potential $26.1 billion in annual savings.
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The world of healthcare is complicated. And as more healthcare organizations adopt cloud technologies, electronic health records and other digital mediums, the healthcare industry and, consequently,healthcare IT become more complicated, too. Physicians and other healthcare workers must ensure that they are HIPAA compliant, among other concerns. Healthcare IT is a fascinating industry that I have covered more than once on my blog, and I am naturally excited to be covering a woman entrepreneur who, like myself, is technology-focused. >>>
Web 3.0 and Mental Illness: Personalization
Finally, all this would be so much more manageable with a serious dose of personalization that offers both a virtual and a physical case manager. Based on the illness, location, insurance plan, family situation, patient demographics, and so on, custom solutions need to be researched and designed. A virtual case manager can easily charge $50 a month, while physical case managers charge $200–$500 a month. >>>