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Want to learn the best business insights from remarkable speakers at Slush 2023, but don’t have the time to watch the full speeches on YouTube?
You’ve come to the right place. Below is a summary of a speech by Homeward Co-Founder and CEO, Dr. Jennifer Schneider in conversation with Chris Bischoff, managing director of General Catalyst.
(psst: the notes were automatically generated with Wudpecker's AI notetaking tool. If you'd like to check these notes + transcript + audio recording without needing to log in, press here.)
<p class="h1-rich">🤏 TL;DR</p>
Venture capital firm General Catalyst's Managing Director, Chris Bischoff, and Homeward Health CEO, Jennifer Schneider, discussed the success of Livongo and the challenges faced in building Homeward Health, which aims to provide high-quality healthcare to underserved populations in rural communities through technology and partnerships with insurance carriers and community organizations. Action items include developing a technology stack, partnering with insurance carriers, forging community partnerships, and focusing on re-engaging rural communities to combat loneliness and depression.
<p class="h1-rich">✨ Summary</p>
Introduction
- Chris Bischoff, Managing Director at General Catalyst, introduces himself and his venture capital firm's focus on healthcare.
- Jennifer Schneider, CEO and Co-Founder of Homeward Health, shares her background as a physician and her previous experience in the healthcare industry.
The Journey of Livongo
- Livongo was one of the first companies in the digital healthcare world to focus on transparency into cost and quality of healthcare.
- Livongo combined hardware, software, and services to change people's behavior in managing chronic conditions.
- The company created a feedback loop that provided instant support and recommendations to individuals based on their health data.
- Livongo's success was attributed to the talent within the organization and its ability to provide personalized care and feedback.
Transition to Homeward Health
- Jennifer Schneider decided to leave Livongo and start Homeward Health to address the broken healthcare delivery system in rural areas.
- Homeward Health aims to leverage technology and scale services to provide high-quality healthcare to underserved populations in rural communities.
Challenges in Building Homeward Health
- Homeward Health faced the challenge of building a technology stack to scale services and aligning economic incentives in a fee-for-service healthcare system.
- The company partners with insurance carriers and other organizations in rural communities to provide comprehensive care and increase access to healthcare.
- Partnerships with local community organizations are crucial to addressing social determinants of health and improving the well-being of individuals in rural areas.
Balancing Priorities and Achieving Success
- Jennifer Schneider discusses the importance of balancing work, family, and personal interests.
- Being able to manage multiple priorities and having a passion for what you do contribute to success.
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