I first spoke with Dan a decade back. Here is the story. This conversation offers insights on his scaling strategy with ModMed.
>>>Bob has a background in semiconductors where the key business model for selling chips is getting them into design wins. In PEAR, Bob has parlayed this model into a platform business catering to many top brands who bring Digital Health products to market on their platform.
There is a lot to learn for entrepreneurs from this case study about a unique and relevant go-to-market strategy, as software eats the world, and ALL companies have to now become tech companies.
>>>Healthcare is one of the fastest-growing startup sectors.
First, a bit of my own bias on the automation versus human debate.
If you think about what a doctor needs to do to diagnose an illness, she needs to consider all the symptoms, take into account all the test results, consider all the treatment options, factor in all the side-effects of various medications and their interplay with other medications the patient is already taking. This is, effectively, a multi-variate optimization problem that a doctor has to do in her head. And, she needs to keep up with all the new research and advances in medical science, and factor those in as well. The field of medicine is full of incorrect diagnosis and mistreatment of illnesses. Now, if you replace this whole process with software, medical diagnosis becomes a truly scientific, deterministic process. I can tell you, if I have the option of being diagnosed by software versus a human doctor, I would always prefer software. It will be far more accurate.
If the medical profession can be automated to that extent, billions of people can have access to quality medical care. Today, this number is relatively low.
Entrepreneurs have a tremendous opportunity ahead.
Aneesh offers a thoughtful and comprehensive analysis and vision of the innovation and entrepreneurship opportunities throughout the healthcare system. Fascinating conversation.
Sramana Mitra: Let’s do a little intro and get some background. I know you have a very colorful background.
>>>Julien Pham is Founder and Managing Director at Third Culture Capital (3CC), a firm focused on investing in the healthcare space.
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Deepak has built a capital-efficient fall-detection company from Peoria, Illinois with a backend engineering team in Rawalpindi, Pakistan.
It’s an impressive entrepreneurial journey with a mission-driven company that is making real impact in the lives of seniors with fall risk.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
>>>We love pioneering entrepreneurs. Sylvana is working on upgrading the healthcare system in Bangladesh. Wonderful, inspiring story!
Sramana Mitra: Let’s start with some background about your own journey. How did you get going with Praava Health?
>>>Rotem represents yet another point of view of a software developer/technologist who successfully transitioned to an entrepreneur in an unfamiliar domain: pharmaceutical.
In that journey, he paired up with his brother who was more the business person in the duo. This is a common strategy for developers to become entrepreneurs, although, I generally
believe that developers can learn the business side as well.
The story also traces the pivots that were necessary to find product-market fit, as well as the failures that triggered each pivot.
>>>Healthcare is one of the fastest-growing startup sectors. If you’re interested in Healthcare innovation, we offer 11 Udemy courses that can help you with building a digital health startup.
>>>Healthcare is one of the fastest-growing startup sectors. If you’re interested in Healthcare innovation, we offer 11 Udemy courses that can help you with building a digital health startup.
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