Cold Call A New Model for Funding Healthcare Innovation
19 snips
Dec 10, 2024 Duke Rohlen, Founder and CEO of Ajax Health, and Regina Herzlinger, a Harvard Business School professor, dive into healthcare innovation. They discuss Rohlen's 'Chassis and Growth Drivers' model designed to align incentives for innovation and financial success. The duo debates the $1 billion bid for Cordis and its potential impact. They explore the high stakes of funding models, the challenges of adapting technology, and the critical role of leadership in overcoming hurdles within the medical tech industry.
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Healthcare Innovation Challenges
- Healthcare is becoming increasingly oligopolized, making innovation difficult within large firms.
- Duke Rohlen's Ajax model offers a solution to this by enabling innovation outside of large healthcare companies.
From Restaurants to Healthcare
- Duke Rohlen's background was in restaurants before transitioning to healthcare after attending HBS.
- His experience managing chefs translated surprisingly well to managing doctors, both of whom are often considered the 'smartest people in the room'.
Chassis and Growth Drivers Model
- The "Chassis and Growth Drivers" model involves acquiring a company (the chassis) in need of innovation.
- An off-balance sheet accelerator (growth driver) then develops technologies for the chassis, driving growth and value.
