Sramana Mitra: I experienced this with my grandmother about five years ago. This was in India. She was in a coma essentially and she was not responding. It was about 18 days. We would have been happy to let her go but no one would let us do that. She was 87 years old. Girish
Sramana Mitra: Is there anything else that you want to discuss? Girish Navani: I think we will see a different healthcare system where the payer is not necessarily the one clearing a bill without telling you someday what it costs. I’ll tell you something new that we’re doing next year. We just went live with it
Sramana Mitra: They have other roles to play in medical imaging. In the equipment sector, they’re big. Girish Navani: Yes, not in healthcare IT. This is the fun part and also the nerve-wracking part. As an entrepreneur, you have no fear because you have nothing to lose. Sramana Mitra: Given your structure, what are your thoughts about
Sramana Mitra: Relatively speaking, we are very young. Having an exit and getting a chunk of money and then what? You can’t eat money. Girish Navani: Very true. Then what? People ask the question, “Girish, why don’t you do this?” Then I ask the same question you asked, “Then what?” None of those answers have
Sramana Mitra: That’s great. I’m actually working on a book on Unicorn Companies right now. I would love to include you in that. The definition of this Unicorn Company is billion-dollar exit. The truth is if you were to exit in the market today, you would be over a billion dollar in valuation easily. Girish
Sramana Mitra: If you were to look at the physician market, what percentage of the physician market has made that shift to the second-generation system? Girish Navani: That’s actually an intriguing question. I think it’s still in the early phases, early in the sense that we are 18 months into that cycle. Sramana Mitra: So
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
SM: How does the stimulus bill affect you? GN: The initial stimulus bill ended up dedicating anywhere from $39 billion to $46 billion to the adoption of electronic medical records in the Unites States. Do I like that? Part of me doesn’t. I wish we had just stayed the way we were without external catalysts because we