Streamlining Healthcare: AdvancedMD CEO Eric Morgan (Part 8)

SM: Where are you now in terms of revenue, growth and profitability? EM: For 2008 we will have in excess of $20 million. We are operationally profitable. We are self-sustaining, which means we do not expect to have additional working capital coming from investors for day-to-day operations.

Streamlining Healthcare: AdvancedMD CEO Eric Morgan (Part 6)

SM: What is driving your low medical billing rejection rate? EM: There are a variety of things. We have a sophisticated process of taking the claims and scrubbing them before they go out to ensure they are encoded correctly.

WSJ: Entrepreneurs Can Lead Us Out Of This Crisis

WSJ echoes what I’ve been saying all along. They even quote me this time. I’m going to the Kauffman Foundation’s Economics bloggers conference on Friday, where we’re to brainstorm on policy issues, and discuss ways to bring the focus back to entrepreneurship and innovation. If you have a blog or a column, please try to

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Streamlining Healthcare: AdvancedMD CEO Eric Morgan (Part 5)

SM: Let me change the course of the conversation a bit. I would like to understand the genesis of this company. How did it start and what did it take to get to this point? EM: It was started in 2002. There was some nucleus of intellectual property that was purchased from a previous company.

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Friedman On Stimulus Package For Entrepreneurs

Thomas Friedman has a good article in the NYTimes on how stimulus money ought to be spent. He suggests, instead of giving $20 billion to the whining General Motors, give it to 20 top VCs, and encourage them to take big risks. Read Start-Up the Risk Takers. He also acknowledges that the stimulus vis-a-vis renewable

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Streamlining Healthcare: AdvancedMD CEO Eric Morgan (Part 4)

SM: How many employees do you have? EM: We have about 140.

Streamlining Healthcare: AdvancedMD CEO Eric Morgan (Part 3)

SM: How do you market to your customers? How do you get them to come to your website to sign up the first time? EM: We have a multi-pronged and sophisticated approach. We get all of our business through a combination of web and referrals. It is split 50/50 between natural search and pay-per-click programs.

Streamlining Healthcare: AdvancedMD CEO Eric Morgan (Part 2)

SM: Your company was able to build this into a $150 million business segment. How many hospital groups did that constitute? I am not looking for accurate numbers, just something to give us a sense of the market environment at the time. EM: For Lawson we started with a handful of hospitals in the early days.

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