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How This Mission-Driven Change Agent Is Disrupting Healthcare

A doctor and entrepreneur shares how his team is changing eldercare.

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A doctor and entrepreneur shares how his team is changing eldercare.

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February 2, 2021 5 min read

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When Si France was in medical school at Dartmouth, Dr. Elliott Fisher coined the phrase “accountable care organization,” which resonated with France on a profound level. Through his classes, France was exposed to doctors who were working on both how to change the healthcare system and fix what was broken. When he was in business school, he obtained a deeper understanding of entrepreneurship and investing, which inspired him to dedicate his medical career to improving healthcare.

Today France is a mission-driven change agent in healthcare who is on the front lines of COVID-19, helping the elderly in California get access to care through his company WelbeHealth. He spoke with Jessica Abo about his journey and to share business advice.

Jessica Abo: What was your first health care venture?

Dr. Si France: I stumbled on this opportunity to create these really great high-quality, urgent care networks for major hospital systems and joined the venture model. That became the first company I started, which was GoHealth Urgent Care. After a few years of doing that, when we grew really fast, I learned a lot about how to start companies. It left me questioning at the end of that because I was like, Did I really give up a career as a doctor to go be a healthcare capitalist? The whole reason I went on this journey was to go be a mission-driven change agent. Now that I know how to start a company, what would that look like? It just was so clear to me at that time. What became WelbeHealth, I wanted it to be about two things.

The first was it wasn’t about a business plan. It’s going to be about a culture. I wanted to go create this organization where people weren’t resources in some kind of capitalist plan. We cared about people.

Then the second part is that culture, that organization would then serve the most frail and vulnerable seniors. I had learned in medical school, the things that most need to be fixed in healthcare is how do we serve the highest utilizers, the most frail and vulnerable seniors with better coordination, with better compassion, with aligned incentives around their health? I wanted to go create this value-based care model that dramatically improved care for the most frail and vulnerable seniors, not through a business plan, but through creating this force for good, this culture.

All of our employees are cared for because we see them through the eyes of their loved ones, and care about them and have reverence for their humanity in that way, and then we can do the same thing for our patients.

How does WelbeHealth work?

France: We decided to go build this whole model around this Program of All-Inclusive Care for the Elderly (PACE). PACE cares for people who are poor enough for Medicaid, old enough for Medicare and sick enough to live in a nursing home which has 24-7 nursing care. They qualify for a state-funded nursing home level of care, so the state should pay for them to live in a nursing home. That’s how sick and frail they are, but yet they don’t live in a nursing home. They still live at home. The beauty of PACE is that they enroll in our program and that we provide 24-7 all the medical and social services that they need fully coordinated around the clock with the goal of keeping them healthy and living at home.

When someone enrolls in PACE, their life expectancy increases by one third, depression rates cut by 80 percent, ER days plummet and they live at home instead of a nursing home. Family member satisfaction skyrockets. It’s the most amazing program and yet for 40 years of PACE, you only had access if there’s a PACE in your community.

At Welbe, what we decided to do was just go rank communities by largest unmet need. The largest unmet need, which is the most people eligible for the program with no access to the program. It was in Stockton, California, so that became our first market. The second largest population of unmet need was Pasadena, so it became our second market. The third was Long Beach. That became our third market. We just went where the need is greatest.

What advice do you have for an entrepreneur who wants to be like you and be a mission-driven change agent?

France: One of the most important things that I’ve learned is being crystal clear on what you stand for. The most important thing to run a business is that it’s just a group of people you’re trying to organize to go accomplish a common goal. That’s all it is. These are human beings here. You just got to organize people around a common goal. If the goal actually can be something that’s much bigger, it’s about serving a cause that’s much bigger, it’s so much more inspiring. So many more people want to join you on the journey, and so that’s where I’ve really gone from the conviction of thinking that I had to go start a business plan to thinking we’re going to go create a force for good in the world. Once that snowball starts going, it’s the greatest possible mission I could imagine, to go do something like this.

Related: 3 Ways to Become a Purpose-Driven Company

The first was it wasn’t about a business plan. It’s going to be about a culture. I wanted to go create this organization where people weren’t resources in some kind of capitalist plan. We cared about people.

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/xye24oVkVEw/364495

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100 Women Entrepreneurs are launched, an initiative dedicated to promoting the inclusion of women in the economy

“Mexico not only needs more women to undertake, it also requires that those who already do so have adequate training, a clear vision and sufficient tools to lead their companies,” says Ana Victoria García, founder of the business academy for women. , Victoria 147.

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“Mexico not only needs more women to undertake, it also requires that those who already do so have adequate training, a clear vision and sufficient tools to lead their companies,” says Ana Victoria García, founder of the business academy for women. , Victoria 147.

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May 6, 2021 3 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Given the importance of female entrepreneurship in the country’s economy, Ana Victoria García, founder of the first business academy for women in Mexico, launched the call for the 100 women entrepreneurs program , an initiative that seeks a hundred women business leaders .

According to figures from the National Occupation and Employment Survey (ENOE), carried out by the National Institute of Statistics and Geography (INEGI), only 2% of women employed in the labor market are employers.

“Mexico not only needs more women to undertake, it also requires that those who already do so have adequate training, a clear vision and sufficient tools to lead their companies,” said Ana Victoria García, based on figures from the Foundation Kauffman, startups and businesses led by women are, on average, 35% more profitable than those with a man at the helm.

“In the trajectory of an entrepreneurial woman, a moment arises when we realize that our business is expanding and we require a collaborative network; that is when we must have the necessary tools and information to take the next steps that will lead us to success ”, mentioned Ana Victoria García, also a judge for the television program Shark Tank México.

The call to participate in “100 Women Entrepreneurs” includes women entrepreneurs, partners or owners, of businesses with a turnover between 50 thousand and up to 2 million pesos a year; This with the aim of being able to promote entrepreneurship and provide their founders with the necessary tools so that, during 2021, female entrepreneurship can have a greater representation in the economic reactivation of the country.

Registration will be open from May 5 to 16, during which time Ana Victoria García and Victoria147 will seek scholarships for business women who want to take their entrepreneurship to the next level, through the Despegue program.


Photo: Victoria 147

During the official launch, Ana Victoria García invited to talk to three important entrepreneurs who consider success stories of the Despegue program, among which is Paulina Pedraza, founder of Dulce Alma, Margot Zisa, main partner of Mora Market and Ana Herrera, ambassador of Gente de Mezcal.

Victoria147 has been recognized not only for its approach to training women in the business field, but also for its teaching and support methodologies, which allow the generation of a strong network of networking and collaboration between women entrepreneurs in Mexico and other countries. Latin America, especially in Colombia and Argentina.

Entrepreneurs looking for more information and details about the initiative will be able to consult it on this page .

“Mexico not only needs more women to undertake, it also requires that those who already do so have adequate training, a clear vision and sufficient tools to lead their companies,” said Ana Victoria García, based on figures from the Foundation Kauffman, startups and businesses led by women are, on average, 35% more profitable than those with a man at the helm.

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/MGJCxGdOPUw/371257

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Hot Stocks To Invest In Right Now? 4 Health Care Stocks To Watch

With the world turning its attention back to health care, these health care stocks could be in focus.

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With the world turning its attention back to health care, these health care stocks could be in focus.

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April 29, 2021 6 min read

This story originally appeared on StockMarket

Should Investors Buy These Health Care Stocks Before May 2021?

We are still seeing COVID-19 cases rising around the globe despite having vaccines rolled out globally. This has undoubtedly allowed health care stocks to remain in the limelight. So it’s likely that investors would shift their focus back to the health care industry in the stock market. For investors, the logic is quite simple when it comes to investing in the health care industry. Everybody will eventually need health care, regardless of whether there is a pandemic or not. Whether it is digital health care or advancements in biotech, investors still stand to make huge gains nonetheless.

We need to look no further than Johnson & Johnson (NYSE: JNJ) and AstraZeneca (NASDAQ: AZN) for prime examples to illustrate the demand for health care. Although there are reports of side effects in relation to their vaccines, many countries globally are resuming the administration. This comes after many health regulators determined that the benefits would far outweigh the risks.

A new report from the Centers for Disease Control and Prevention (CDC) calculated how many lives the shot could save in the next six months. According to the CDC’s model, continuing to administer the J&J vaccine at just half the rate at which it was used in early April could prevent 580 to 1,400 coronavirus deaths. So, it’s safe to assume that health care has always been important and will likely still be in focus for the foreseeable future. Now let’s look at some of the top health care stocks in the stock market now.

Top Health Care Stocks To Watch Now

DermTech Inc

First, we have a dermatology company that focuses on skin cancer, DermTech. The company develops products that facilitate the early detection of skin cancers and customize drug treatments. DermTech aims to transform dermatology by delivering highly accurate, objective information to physicians. The company stock first surged back in December 2020 and has seen significant gains over the past six months, boasting over 270% gains. This was largely due to investors responding favorably to the results from its Pigmented Lesion Assay (PLA), a non-invasive melanoma “rule-out” test. The study confirmed that PLA can eliminate melanoma with a 99% negative predictive value.

top health care stocks (DMTK stock)

Last week, the company announced its next-generation test for the enhanced early detection of melanoma, DermTech PLAplus. It delivers objective and actionable information to guide clinical management decisions for skin lesions that are suspected to be melanoma. Hence, allowing clinicians to detect skin cancers such as melanoma at an earlier stage, which leads to a higher cure rate. DMTK stock rose around 10% this week.

This could be due to investors responding to the speculation that Cigna (NYSE: CI) will be covering the company’s PLA early detection test for melanoma. Should this test turn out to be consistently effective, the company could be looking at considerable upside. Could this make DMTK stock worth watching now?

[Read More] 4 Top Gaming Stocks To Watch Right Now

Brooklyn Immunotherapeutics Inc

Next up, we have Brooklyn Immunotherapeutics. The company is a clinical-stage biopharmaceutical company focusing on cytokine-based therapies in treating patients with cancer. Brooklyn is developing IRX-2, a cytokine-based therapy, to treat patients with head and neck cancer. As some of you may be aware, the company stock has doubled in price over the past week. BTX stock skyrocketed over 51% on Tuesday, seemingly on the news of a new appointment.

best health care stocks (BTX Stock)

In particular, the company has appointed Matthew During, M.D., Ph.D. to the company’s Scientific Advisory Board. He was a pioneer in the use of viral vectors for neurological disorders. Earlier in April, the company paid $1 million towards the acquisition of a license for Factor Bioscience’s and Novellus’ mRNA Gene Editing and Cell Therapies technology. This would allow Brooklyn to utilize an extensively patented process to seek and develop gene-edited compounds using mRNA. So why is this big?

Because preclinical data suggest it to be more efficient, non-immunogenic and non-mutagenic, for treatment of several solid tumors as well as other inherited disorders. Just as many other health care stocks, any potential breakthrough would be colossal for the company. So could BTX stock be the next big health care stock?

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Novavax, Inc

Novavax, Inc. is a clinical-stage vaccine company that focuses on the discovery, development, and commercialization of recombinant nanoparticle vaccines and adjuvants. With the onset of the global pandemic last year, the company has also ventured into making COVID-19 vaccines. Despite not having any product in the market yet and facing delays in production, it is still expected to be one of the leading vaccine candidates. The company’s vaccine has proven to be just as potent as other vaccine frontrunners. On Tuesday, President Joe Biden hinted that Novavax’s vaccine may be nearing authorization in the U.S.

best biotech stocks (NVAX stock)

Furthermore, there was news of Novavax and President Moon Jae-In of South Korea agreeing to expand its current partnership on local production of the new vaccine. South Korea’s SK Bioscience will be handling and producing the vaccine as early as June. Also, Novavax announced last week that its malaria vaccine candidate R21 showed an efficacy of 77%.

Although GlaxoSmithKline (NYSE: GSK) currently markets a malaria vaccine, its efficacy is only between 35% and 55%. Therefore, this would truly be a milestone in malaria prevention if R21 is ultimately approved. So, with what seems like endless opportunities ahead with Novavax, would you consider adding NVAX stock to your watch list?

[Read More] Trending Stocks To Buy Now? 4 FAANG Stocks In Focus

Moderna Inc

Last but not least, we have a leading vaccine company, Moderna. As most of you would know, the company is one of the first to receive the Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA) for its COVID-19 vaccine. Aside from creating a vaccine for the coronavirus, the company is also studying the prospects of creating mRNA-based personalized cancer vaccines and treatments for other rare diseases. Hence, the future of the company looks intact even post-COVID-19. The company stock has seen gains of over 250% over the past year.

biotech stocks (MRNA stock)

On Tuesday, Moderna announced that it is working towards a single shot for both COVID-19 and flu protection. The company hopes to use its mRNA-based technology to knock out several pathogenic birds with one stone. On the same day, DNA Script announced a partnership with Moderna to develop a prototype for rapid mobile manufacturing of vaccines and therapeutics.

The partnership will employ DNA Script’s novel enzymatic synthesis platform to power Moderna’s existing manufacturing technology for the rapid production of mRNA vaccines and therapeutics. The company is surely not taking anything for granted despite having great success over the past year. With that in mind, would MRNA stock make its way into your watchlist?

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/DdA8BjUlH4o/370659

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Infallible tips to rent your first apartment easily

Are you planning to become independent soon? Take note of these tips.

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Are you planning to become independent soon? Take note of these tips.

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April 27, 2021 5 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.

Do you plan to become independent soon and have your own space? With these infallible tips to rent your first apartment you can easily achieve it. The real estate portal Propiedades.com shared how to do it without failing in the attempt.

It starts with a savings phase

Before starting with paperwork and removals, it is important that you create a savings policy. With it, you will generate a sufficient budget to cover the various expenses that you will face in the first months.

To achieve this, Leonardo González, Real Estate analyst at Propiedades.com , mentions that the 50/30/20 rule could help you. The expert explains that with this method you assign spending caps and adjust your habits to incorporate items without generating financial stress.

So you could designate 50 percent of your income for necessary consumption, such as transportation, food, school, clothing, etc. 30 percent to expendable expenses, such as trips to the movies or streaming services. Finally, allocate 20 percent to your savings for your future home.

This exercise will help you determine your ability to pay your monthly rent. According to experts, your rental budget should correspond to 25 and 30 percent of your income. Based on this amount, you will need to take the next step and find the right place according to your needs.

Image: Depositphotos.com

Find the ideal place

To do this, you must first raise your housing needs, considering the following points:

  • Close to places (office, school, etc.)
  • Public transport connection
  • Number of rooms
  • Type of dwelling (house or apartment).

Just as you have to be realistic with your budget, you have to be realistic with what you will need in your new home. Take into account if it is essential that you have state-of-the-art amenities or you can do without them.

When looking for the ideal place to rent, review several options trying not to be more than six. According to Óscar Zárate, Ubiksa’s sales executive, after visiting many properties it is more difficult to make a decision. However, when you have defined what you want, you can easily choose.

Review the data and requirements well

Although it is more advisable to seek the help of a real estate agent to avoid fraud, you can also do it on your own. However, pay close attention to the characteristics of the property, the price and the requirements that they request to rent.

Monica Aranda, Customer Service Manager for the property portal Propiedades.com, indicates that an area of high demand cannot have a price lower than the average for that area. This type of fraud occurs mainly in colonies such as Condesa, Polanco, Rome or Naples. They generally request deposits to visit the property, so pay attention and avoid them.

On the other hand, remember that in Mexico it is important to have a guarantee to rent a property. This person will be the one who guarantees the rent payments in case the tenant cannot cover them. Therefore, you must prove that you own a property.

In case you do not have a trusted person who can act as a guarantee for the rental, there are other alternatives. For example, resorting to a leasing policy that is requested in a surety company; or ask your bank to guarantee your income.

Read your contract and regulations very well

When you have found the ideal place and are about to sign the documents, take your time and read carefully. It does not matter if it takes a long time, it is essential that you carefully review all the points of the contract.

Remember that you are carrying out an important transaction and you will have to fulfill the contract for a certain period of time. Also, check that all the information in it is written correctly and avoid conflicts with your landlord.

The fundamental points that this document must comply with are:

  • Full name of landlord and tenant
  • Address and characteristics of the property
  • Rent amount, term and payment methods
  • Payment compliance guarantees
  • Termination clauses of the contract
  • Additional clauses (pets, automatic renewal, rent increase, etc.)

Now that you have this information, you will be able to find your ideal home to create your own space.

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/FgyW1PHv9FQ/370435

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