In this episode we are joined by Mike Ryan. He is a widely recognized startup guru and has decades of experience across roles ranging from envelope-stuffer to CEO. In this episode, we talk about the role of resilience, creativity, collaboration and drive in creating successful businesses.
Mike Ryan has served as Vice President, President and CEO within some of the largest health systems in the US including Ascension Health, HealthTrust and HCA. He is a board member of several organizations and a trusted advisor and mentor for dozens of individuals and companies focusing on delivering health solutions. In fact, he has served as a founder, advisor, investor, board member or CEO of 60 companies including TransCare, Salorix, Proteolix, Calithera Biosciences, HealthOnline and healthcare.com. He has built an incredible network of relationships and is one of the most connected people on Linkedin with about 22,000 connections. He’s also been on the receiving end of life-saving healthcare, and he can tell us how that experience has shaped his perspective on life and business.
What we cover in this episode:
- Mike’s journey in entrepreneurship as a family business
- The key characteristics of successful entrepreneurs
- The big ideas and big opportunities to transform healthcare
- The role of innovation labs in developing early stage health technologies
- The importance of having clinical input at the very outset of new companies and technologies
- The best place for startups to look for capital to fund their companies
- Some of the biggest failures in healthcare
- The innovation occurring to transform business models in healthcare
Links and Resources Mentioned
Lightning Round Answers
Q: What’s a favorite quote or saying that motivates you?
A: “The best way to create predict the future is to create it, so start creating.”
Q: What advice do you have for other innovators who are working to make a difference in health?
A: Get embedded – get a clinical background or spend some time as a volunteer to understand how businesses and processes work in health.
Q: What book do you recommend to listeners and why?
A: For Entrepreneurs Only: Success Strategies for Anyone Starting or Growing a Business by Wilson Harrell
Q: What technology, tool or app would you recommend, and why?
A: LinkedIn and Facebook
Q: If I gave you $5million to invest in healthcare today, where would you invest it?
A: Create a ‘Mentoring Mall’ where proven entrepreneurs could come together and invest in teenagers and young adults to change healthcare.
Q: In appreciation of your time on the show, we make a donation to a charity of your choice. What charity have you selected?
A: American Heart Association – The American Heart Association is the nation’s oldest and largest voluntary organization dedicated to fighting heart disease and stroke. Founded by six cardiologists in 1924, our organization now includes more than 22.5 million volunteers and supporters.
ABOUT THE AUTHOR
Dan Kendall studied engineering and found his passion in building businesses. His career in sales, marketing and product development has spanned two continents, and he works with clients around the world to overcome barriers and solve healthcare’s problems. Feel free to message him here and follow him on Twitter.