The Biggest Misunderstanding Essay

This is a dubious narrative and we’re seeing it have an ever increasing negative impact on the startup community and the vast majority of founders in it.Big rounds of funding make for great headlines and driving clicks."There needs to be recognition that there's a third type of enterprise platform in healthcare — consumer platforms," Mr. "I'd love for people to stop setting up the 'either/or' on consumers…and come up with the 'and.' The clinical information comes from [one platform], the benefits come from [another platform] and the information that consumers need to navigate a year in the life comes from [another]. I wasn’t contacted for the piece, but I think they did a reasonably good job summing up the terms and timelines I outlined here last week."Take the spectrum of consumer-facing activities: health and wellness, fitness, nutrition, education about how the health system works, social support and communities, rewards and incentives that go along with participating in those activities," Mr.Margolis says, which is the strategy behind Welltok's CaféWell Health Optimization Platform.But the two aren't synonyms, and the labels aren't interchangeable.Patients are to squares as consumers are to rectangles. By definition, a square is a rectangle, but a rectangle is not a square. In healthcare, the same principle can be applied to patients and consumers.

Margolis says is anyone who helps people manage their total healthcare costs, such as at-risk providers, health plans and other organizations."You're strategically doomed if you use them interchangeably because they're not the same." Mr.Margolis delineates patients and consumers in one simple way: Patients, he says, receive care, while consumers make choices.But most of this capital, and these headlines, are having a dangerous effect on founders and the companies they’re building.It would be no understatement to say that the vast majority of the capital being raised today is done so out of vanity or fear, not need.The platforms today were built for very specific purposes. Margolis says, but the clinical information and benefits information they currently offer have little practical usability for consumers because they were never designed to be consumer platforms. It's largely just the sick care picture of you." These insufficiencies hold true for member portals that health plans offer, Mr. Such member portals display benefits, deductibles, claims paid on a patient's behalf and other data points along the same lines, none of which really speak to the patient's or the consumer's health needs. Margolis adds that such systems were built as business-to-business systems, "to produce transactions that are reimbursable" and to transfer this information among business entities."If you expose data directly to a consumer out of a clinical system (which most people call patient portals) you might say they're necessary, but they're insufficient because all they can tell you is information about you crossing the lines of service of those particular provider organizations," Mr. What's more, only about 15 percent of people in the population are in a patient state at any given time, Mr. The other 85 percent of the population are in consumer mode, where other influences besides clinical data are the drivers of overall health status.Nowhere in anything we’ve written publicly or discussed privately about have we said we’re only interested in “modest, cashflow businesses”.The message this article, and all others in modern startup media, sends to founders is that unless you’re raising significant stockpiles of cash and giving up ever increasing amounts of your business to be controlled by outside investors, you’re not going big.One thing they did not get correct were the kinds of companies has been created to fund.The misunderstanding is clear from the very first paragraph: While most VCs are busy searching for Unicorns, the mythical

Margolis says is anyone who helps people manage their total healthcare costs, such as at-risk providers, health plans and other organizations.

"You're strategically doomed if you use them interchangeably because they're not the same." Mr.

Margolis delineates patients and consumers in one simple way: Patients, he says, receive care, while consumers make choices.

But most of this capital, and these headlines, are having a dangerous effect on founders and the companies they’re building.

It would be no understatement to say that the vast majority of the capital being raised today is done so out of vanity or fear, not need.

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Margolis says is anyone who helps people manage their total healthcare costs, such as at-risk providers, health plans and other organizations."You're strategically doomed if you use them interchangeably because they're not the same." Mr.Margolis delineates patients and consumers in one simple way: Patients, he says, receive care, while consumers make choices.But most of this capital, and these headlines, are having a dangerous effect on founders and the companies they’re building.It would be no understatement to say that the vast majority of the capital being raised today is done so out of vanity or fear, not need.The platforms today were built for very specific purposes. Margolis says, but the clinical information and benefits information they currently offer have little practical usability for consumers because they were never designed to be consumer platforms. It's largely just the sick care picture of you." These insufficiencies hold true for member portals that health plans offer, Mr. Such member portals display benefits, deductibles, claims paid on a patient's behalf and other data points along the same lines, none of which really speak to the patient's or the consumer's health needs. Margolis adds that such systems were built as business-to-business systems, "to produce transactions that are reimbursable" and to transfer this information among business entities."If you expose data directly to a consumer out of a clinical system (which most people call patient portals) you might say they're necessary, but they're insufficient because all they can tell you is information about you crossing the lines of service of those particular provider organizations," Mr. What's more, only about 15 percent of people in the population are in a patient state at any given time, Mr. The other 85 percent of the population are in consumer mode, where other influences besides clinical data are the drivers of overall health status.Nowhere in anything we’ve written publicly or discussed privately about have we said we’re only interested in “modest, cashflow businesses”.The message this article, and all others in modern startup media, sends to founders is that unless you’re raising significant stockpiles of cash and giving up ever increasing amounts of your business to be controlled by outside investors, you’re not going big.One thing they did not get correct were the kinds of companies has been created to fund.The misunderstanding is clear from the very first paragraph: While most VCs are busy searching for Unicorns, the mythical $1 billion and up startups that can define a portfolio, there’s a new firm in Silicon Valley looking at the opposite end of the spectrum: modest, cashflow businesses. As I highlighted in my very first post, the tech industry, investors and media alike, have crafted the startup narrative to peg ambition to venture dollars raised.

billion and up startups that can define a portfolio, there’s a new firm in Silicon Valley looking at the opposite end of the spectrum: modest, cashflow businesses. As I highlighted in my very first post, the tech industry, investors and media alike, have crafted the startup narrative to peg ambition to venture dollars raised.

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  1. Acclaimed as one of the classics of modern literature for its experimental form and style, thematic complexity, and innovative depiction of character psychology, Notes from the Underground is perhaps the most influential of Dostoevsky's works.