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EPISODE SUMMARY:

5 KEY TAKEAWAYS:

1.Transition from Policy to Venture Capital: Dr. Patel discusses her unexpected shift from healthcare policy under President Obama to the venture capital sector, driven by a desire to impact healthcare innovation directly.

2.Empowering Female Leaders in Healthcare: We explore strategies for empowering women in healthcare leadership, emphasizing confidence, wealth creation, and the significance of portraying a billion-dollar company mindset.

3.The Importance of Clinical Practice: Dr. Patel emphasizes maintaining a clinical practice as a grounding element that keeps her connected to the primary purpose of healthcare—improving patient outcomes.

4.Advice for Healthcare Innovators: She shares valuable advice for healthcare professionals and innovators, encouraging them to think big, pursue wealth creation for broader impact, and embrace their roles in shaping healthcare’s future.

5.Vision for Healthcare’s Future: Reflecting on the future, Dr. Patel is optimistic about the potential of AI and other innovations to revolutionize healthcare, stressing the need for policy frameworks that support sustainable technological integration.

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TIMESTAMPS:

00:00 - START

01:50 - Dr. Patel’s journey from healthcare policy to venture capital

05:30 - Challenges and rewards of being a female leader in healthcare

10:20 - The critical role of maintaining clinical practice

15:45 - Advice for upcoming healthcare leaders and innovators

20:35 - Predictions for the future of healthcare technology and policy

GUEST INFO:

Dr. Kavita Patel

•Role: Physician, Venture Advisor, Professor of Medicine at Stanford

•Background: Kavita Patel, MD, MS is a physician based in Washington DC who advises healthcare companies as a Venture Partner at New Enterprise Associates. With extensive experience in public policy, Dr. Patel previously served as Director of Policy for the White House under President Obama and as Deputy Staff Director to the late Senator Edward Kennedy. During her tenure in these roles, she played a pivotal role in pandemic preparedness and healthcare reform efforts. Dr. Patel's research on healthcare quality and community-based interventions for mental illness has received national recognition, and she has authored numerous papers and book chapters on healthcare reform and health policy. She is also an NBC/CNBC contributor. Most recently, she was appointed as a professor of medicine at the Stanford University School of Medicine

•Email: drkavitapatel@gmail.com

- LinkedIn: https://www.linkedin.com/in/kavita-patel-46a7724b/

🔗 CONNECT WITH LIZ

LinkedIn: https://www.linkedin.com/lizkwo Email: liz.kwo@everlyhealth.com

RESOURCES MENTIONED:

•Digital MD: Dr. Liz Kwo’s book on revolutionizing healthcare through digital innovation. https://www.digitalmd.co/

•NEA (New Enterprise Associates): Venture capital firm focusing on technology and healthcare innovations. https://www.nea.com/

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SUMMARY:

In this episode of Digital MD, Dr. Liz Kwo engages with Brian Urban, Director of Innovation and Emerging Markets at FinThrive. With a robust background in exercise physiology, business administration, and public health, Brian offers a deep dive into how FinThrive leverages AI and data analytics to optimize revenue cycle management in healthcare.

5 KEY EPISODE TAKEAWAYS:

1.Innovative Approaches in Healthcare Finance: Brian’s role involves spearheading initiatives that integrate AI into the revenue cycle, enhancing efficiency and reducing friction between payers and providers.

2.Impact of AI on Healthcare Operations: Discussion on how artificial intelligence is reshaping financial operations in healthcare, from claims processing to patient billing.

3.Challenges and Opportunities in Revenue Cycle Management: Insights into the complexities of healthcare finance and how technology solutions are simplifying these processes.

4.Social Determinants of Health (SDOH): Brian explains how addressing SDOH can improve patient outcomes and healthcare economics.

5.Personal Journey and Professional Balance: Brian shares his experiences balancing a demanding career with personal growth and family life.

📚 Explore the future of healthcare with Dr. Liz Kwo’s book, “Digital MD: Revolutionizing Healthcare” available for pre-order on Amazon and at www.digitalmd.co

TIMESTAMPS:

00:00 - Start

00:04 - Introduction to Brian Urban

00:51 - What is FinThrive?

02:33 - The importance of revenue cycle management in healthcare

04:29 - Utilizing AI in financial operations

07:03 - Introduction to FinThrive’s Data Humanity Lab

08:31 - The role of data donations in healthcare

09:05 - Long-term benefits of investing in social determinants of health

14:37 - Predictive modeling and its benefits in healthcare

18:01 - Discussion on healthcare innovation and data integration

20:23 - Preparation and impact of speaking engagements

22:00 - Balancing multiple roles and personal growth

26:19 - Using data to address socioeconomic disparities

33:25 - Closing and thanks

🔗 CONNECT WITH BRIAN URBAN

LinkedIn: Brian Urban’s LinkedIn

Email: brian.urban@finthrive.com

HOST INFO:

🔗 CONNECT WITH DR. LIZ KWO

LinkedIn: Dr. Liz Kwo’s LinkedIn

Email: liz.kwo@digitalmd.com

RESOURCES MENTIONED AREA:

📚 Check out FinThrive’s Data Humanity Lab and their innovative projects at www.finthrive.com/datahumanitylab

In today’s episode of Digital MD, Dr. Liz Kwo talks with Michael Langer, co-founder of T-Rex Capital and a leader in the biotech and digital health sectors. Michael shares his journey from interning at Polaris Partners to pioneering roles in venture capital, highlighting his strategic moves across various innovative enterprises and his vision for the future of digital health.

5 KEY TAKEAWAYS:

1.Early Exposure: Michael’s early involvement with family startups and venture capital shaped his career path, highlighting the importance of early exposure in the life sciences sector.

2.Career Development: From working at Pear Therapeutics to establishing a venture capital firm, Michael’s career showcases a trajectory filled with diverse experiences and significant growth in the digital and biotech sectors.

3.Impact of Digital Therapeutics: Michael discusses the rise and challenges of digital therapeutics, emphasizing the importance of adapting business models to changing healthcare landscapes.

4.Role of Storytelling in Biotech: As an executive producer of an IMAX film, Michael underlines the power of storytelling in biotechnology, aiming to inspire future generations of scientists.

5.Innovation and Family Legacy: The influence of Michael’s family, particularly his father Bob Langer’s contributions to science and entrepreneurship, continues to drive his career and aspirations.

📚 Get my book, Digital MD at www.digitalMD.co

TIMESTAMPS:

•00:00 START

•01:00 Journey through various startups and venture capital

•03:27 Challenges in digital therapeutics

•04:10 The evolution and potential of digital health

•06:25 Family legacy and its influence on Michael’s career

•07:49 Bob Langer’s impact on biotech

•10:24 Strategies for innovation and overcoming barriers in healthcare

•12:52 Transition to film production and its impact

•15:03 Reflections on personal legacy and impact through storytelling

•16:54 Time management and personal productivity insights

GUEST INFO:

🔗 CONNECT WITH MICHAEL LANGER

•LinkedIn: https://www.linkedin.com/in/michael-langer-1811608b/

•Email: Langer@TRXCAP.com

HOST INFO:

🔗 CONNECT WITH DR. LIZ KWO

•LinkedIn: https://www.linkedin.com/in/lizkwo/

•Email: liz.kwo@everlyhealth.com

📚 RESOURCES MENTIONED

•T-Rex Capital: https://www.trexcapitalgroup.com/

•IMAX Film “Superhuman Body”:https://superhumanbodyfilm.com/