Healing Through Innovation: The Chris Jones Story, CEO of MatchRite Care
March 13, 202400:48:04

Healing Through Innovation: The Chris Jones Story, CEO of MatchRite Care

With regulatory changes, patients now possess control over their medical records, and MatchRite Care's app enables them to share their health data, shaping the future of healthcare.

In this episode, Chris Jones, the CEO of MatchRite Care, discusses how MatchRite Care is transforming the healthcare landscape and the evolution of medical records management, highlighting the significance of patient empowerment and engagement. Chris opens up about the hurdles of aligning a customer-centric vision with investor expectations, especially given their commitment to self-funding. 

Join Jim and Chris as they discuss key healthcare opportunities and challenges, the impact of patient-centric data on AI, and the need for secure, interoperable platforms.


Resources:

[00:00:00] Welcome to the Chalk Talk Gym Podcast, where we explore insights into healthcare that

[00:00:07] help uncover new opportunities for growth and success. I'm your host, Jim Jordan.

[00:00:18] Welcome to Chalk Talk Gym, where today's episode unveils the future of healthcare with

[00:00:23] our guest Chris Jones, the innovative mind behind match-right care.

[00:00:28] Now Chris's journey goes from a personal loss to revolutionizing healthcare access.

[00:00:33] It's nothing short of inspiring. Through match-right care, he's breaking down the barriers

[00:00:38] in medical record sharing, emphasizing the power of the patients by ensuring their medical

[00:00:44] history is accessible and shareable in real time. In this episode, we explore how match-right

[00:00:49] care leverages technology to facilitate seamless healthcare experiences, highlighting

[00:00:54] the significance of predictive analytics, patient-centered care and technology integration into enhancing

[00:01:01] the patient experience. So Chris, tell me in the audience a little bit more about yourself.

[00:01:08] A little backstory on why match-right was created in 2008 I had a five year son dying

[00:01:12] in the hospital of Bringson. And now diagnosis, the doctor's gave him when he lived.

[00:01:17] The loose CJ in 11 months at time Frank. But within those 11 months, unfortunately for us,

[00:01:23] we missed a clinical trial because we didn't get as medical records in time.

[00:01:26] That happened in 2009. I will have a losing CJ. I had to opportunity to go work for a health

[00:01:31] death sunk me and they were working in real four different electronic medical records EHRs

[00:01:36] that time, so it was so unread-epping by the tech. For those of you who knows what those EHRs

[00:01:40] are, we were working about four of them across the span and what the company did.

[00:01:45] So I got my chops tied into the electronic medical record space. And so the professional side of

[00:01:50] me was able to see the needs of doctors, needing these medical records. At least you could find

[00:01:54] a son sort so they can provide the best value care for the patient because patients have records

[00:01:59] in all those different EHRs and they needed those at one spot. And I saw the need for my provider

[00:02:04] standpoint. So they're not getting that full information on the patient so they can provide

[00:02:08] the best value care. But then apparent in me and just the patient in me knew that in order for

[00:02:13] a solution to work that the patient would have to be at the center of that just based off my personal

[00:02:17] experience so to speak. So that's when we started Matt tried in Matt tried is really focused on

[00:02:22] on the patient to be a center of that transaction of romantic records from one provider to the other.

[00:02:27] That's what we did, we unified all their health portal as one unified portal. We put it in a

[00:02:31] language so the patient can understand it and then we a lot of patients share that information

[00:02:36] to the provider to where they can get the full view combined view of that patient's record.

[00:02:40] Your story explains a little bit of background but I'll share it for the audience. So when you look at

[00:02:45] your LinkedIn you started as a marketing director and then you did the IT side and you've moved

[00:02:49] yourself into combining both of them. And so it seems to me that besides having a personal reason

[00:02:56] to do your marketing and tech background allowed you to see the fundamental difference in how

[00:03:01] your business model is compared to the rest of the world because I've just switched healthcare

[00:03:06] providers and health systems. So I had my annual physical yesterday and I brought information

[00:03:13] that they didn't have even though the electronic health record was supposed to be sent along.

[00:03:19] I'm in problem right across the board but I the background is really important from

[00:03:24] and I'm glad you mentioned that is that I did have a marketing background I had a marketing company

[00:03:28] back in 2006. What's unique about what we're doing as far as Matt's right is that even though

[00:03:33] we're a technical company so technically we built this product or this software that allows

[00:03:38] electronic medical records to move from government sector V8 patients it doesn't matter

[00:03:42] us that we're plugged into all of that technically but what I tell a lot of our as we get out more

[00:03:48] and more into the market what I explain what Matt Fred truly it is 50% technology and it's 50%

[00:03:54] in patient games. It's we really are bilateral company right that work parallel with each other

[00:04:00] as we're building this great technology it's just important that we communicate with the patient

[00:04:05] let them know what their rights are and their roles are because if you think about banking for instance

[00:04:09] you can plug your banking records into a fine there's a you name it there's so many different ways

[00:04:16] you can plug your bank and bank and records and say so many different apps but you don't really see

[00:04:21] that for health care if you notice if you think about that and there's a lot of concerns about oh I

[00:04:25] should not move my records here I got to have it make sure to secure but security programs

[00:04:30] that bank you have build their same security protocols that patients had they just need to be educated

[00:04:35] right that there are mechanisms or tools that you move your records they help combine it you give

[00:04:39] a good opportunity to be able to communicate your health back and forth and that's where on that

[00:04:45] we're on that phase to do that too from marketing standpoint is not just compute communicate what

[00:04:49] our app is but also communicate on what their rights are the patients rights are what their needs are

[00:04:54] how to use these tools so we take that on as well so our goal is not just communicate about what

[00:04:59] Matt's right is but also what your rights aren't healthy or that's just important it struck me that

[00:05:04] I'm now manually entering all the stuff into the health record of my new doctor when in fact

[00:05:12] I just finished doing that five years ago before my company changed health plans that I'm doing it

[00:05:17] again and it strikes me that there's no return on investment from the patient unless you take this

[00:05:24] approach yeah and we've wanted to we started this maybe six years ago is when we actually started

[00:05:30] technical phase of this right understanding that in order for a solution to really be transferable

[00:05:35] between the patient provider a lot easier the patient would have to be the certain that solution now

[00:05:40] I would tell you six years ago up into maybe two or three years ago it was not popular to have

[00:05:45] the patient have that much control but my fighter wants to build it for another provider already

[00:05:50] helps us once the building for the providers that work the million and the solution is always built

[00:05:54] and then that's a little just passed on to the patient and the patient is tap a dot something they

[00:05:58] have no process in building or even communicating that and that's why you see a lot of these solutions

[00:06:04] that's being rolled out not really work or being convenient for the patient and the provider can get

[00:06:08] a lot of adoption on this solution this great solution that they built because they built it without

[00:06:13] having a patient necessarily in mind I mean the patient access if they need we figure that we built

[00:06:19] the solution if it works for a doctor's patient adopt was the most important thing for us because

[00:06:23] the patient adopts for the in that helps providers now know they have a sea of patients they can

[00:06:28] connect to so our first role was like can we build an application the patients can adopt no matter

[00:06:33] if they're a veteran in Arizona their parent has dealing with a kid like me that the similar brain

[00:06:39] tumor here in Kansas City the same application should work for both of those entities that's where

[00:06:43] you get adoption for is that we want to have a uniform application that just longitudinally connects

[00:06:49] all the patients anybody that has records and hospitals regardless of what software they're using

[00:06:54] and that's where we started our game plan for it really make those connections work from a patient

[00:06:59] level but didn't it has to be powerful enough to have enough information to worry even providers

[00:07:04] that their share this information with doesn't have right they will only have information

[00:07:08] within their platform within their software but they can't get it from a software across

[00:07:12] street that uses a different provider from across the street they use a different platform our goal

[00:07:17] was to say that will send the patients out to get do the hard work you just connect with us and

[00:07:22] get an LXX patient it share with you and that's where the roadmap of the market kind of ties together

[00:07:28] through your market both places but that's where our targets are so how did how does the provider get

[00:07:33] it into their epic or certain or whatever system is of their choice how does that information

[00:07:39] get in there yeah the first step for us is really the get it to the patient have allowed them

[00:07:44] their first point of access so where platform works is it allows the patient now to share it to

[00:07:49] another side of our platform that's our provider side of our platform and that information is fed

[00:07:53] towards to the provider and they have that sign they have a SAS model there that they connect with

[00:07:57] the next space of match rate is a sit match right inside of those E-shars allow those paid the

[00:08:01] doctors to decide what information do I need to put into my platform because we have to be really

[00:08:07] careful and not just lend a patient feed all the information to the provider because you can get

[00:08:12] really met into the platforms so we want a lot of the doctor to search through those patient records

[00:08:17] and then decide all right this information needs to be added to the E-shar this doesn't

[00:08:21] we're in the second phase of that now is that we have the platform to get it to provider

[00:08:25] the next phase we are now is building that platform inside of their E-hars out of the smart application

[00:08:30] to where they can decide I want this information from match rate that the patient shared to me

[00:08:34] inside my E-shar it keeps it clean keeps it clean because I think that one of the things that

[00:08:41] we're struggling with from a policy perspective is interoperability and cybersecurity and so if

[00:08:47] you're a CIO inside of a hospital system it scares you that every unique connection is a risk

[00:08:53] and I have all my information coming in through your hub and I'm familiar with your security

[00:08:59] procedures that solves a lot of problems for me yeah and I think so and the wind map right

[00:09:04] works uniquely is that because the government's regulation is really pushing the patients

[00:09:08] they have rights to all their records right it's theirs they should be able to access those records

[00:09:12] what we did with the matches there's two parts of match right there's editing information you can't

[00:09:16] edit with the other information you can't edit that says true to source right well the information

[00:09:21] that comes out of the E-hars or the hospitals for the hospitals that's the information that's not

[00:09:26] edited that can't be edited is directly coming from those E-hars and we take those hospitals

[00:09:31] those E-hars that's sending information to the hospitals we combine in one view so there might be five

[00:09:35] separate hospitals on four different E-hars that the patient doesn't recognize a tech behind what

[00:09:40] it's doing but the patient sees is see it all in one spot and it allows that patient now to share

[00:09:46] that information with the provider and when that information is shared with the provider they're

[00:09:49] going to look at it and say hey you gave me a lot of information I might not need all of this

[00:09:53] let me pick the information that I need for this percincter transaction I'm making decide when

[00:09:59] information any of this feedover to their EHR and that's the barrier right that gets pass a lot of

[00:10:04] security regulations because from a standpoint of when a patient if you get any information off a

[00:10:09] patient that's usually the patient has to sign off the best correct or not they're the one person

[00:10:13] that knows it when that patient sends that over if you think about it but HIPAA is sharing other

[00:10:17] people information is where the teeth at HIPAA is uniquely is where a master right stand is to

[00:10:22] patient sharing their information right so reduce this that those some of those regulations issues

[00:10:27] right off the gate because we're not sharing other people's information really the patient is

[00:10:31] sharing their information directly with the provider and the provider can trust that when he puts

[00:10:35] the information in the cane directly from the electron medical records then a patient signed

[00:10:39] off on it I won't just go to this provider how many other companies are doing what you're doing

[00:10:44] taking that outside in approach I think there's a lot of companies that's trying to write I think

[00:10:49] where uniquely in the position to where we're strictly outside the bureaucratic process of this right

[00:10:53] we look at a lot of other companies that's doing it and it's more focused on the facility the

[00:10:57] facility exchange and then to the patient we truly go straight to the patient first on the

[00:11:02] patient to the facility so there's a few organizations out there attempting this but we don't plug into

[00:11:08] any of the HIEs those any of those other NCIs all we are truly when the patients in the information

[00:11:13] over it's truly information has come up from them straight from their hospital records so I noticed

[00:11:19] part of your background had a hospice and home care component to it how does your system help or

[00:11:26] enable that because that's usually a part of the value chain that's not as connected used to be

[00:11:31] the oasis for them I'm probably aging myself when I say that but how do you enable in some of that

[00:11:36] aspects of it so that really ties to the continuum care is where that is right you get treated you go

[00:11:41] to the continuum care whether it's hospice home health whatever and that's at the impetus of when

[00:11:46] my background started so my IT background really in healthcare so speak I did a lot of network

[00:11:52] before I got into hospice based my first introduction into was this continuum care model for those

[00:11:57] are patients leaving the has to get treated at home usually at home it's not just caregivers there

[00:12:02] this parents loved ones we dealt with all of that so a lot of my IT background and building a

[00:12:07] software connect software in a company I was at was really focused on helping those home care

[00:12:13] have a patient get records at home so they when they do need to get treated in a hospital

[00:12:17] they would have the information they need to get to the hospital so that's where the

[00:12:21] were match right made the most sense for me building this way because we see that at the

[00:12:25] we see that the core source yes there are hospitals that patients want to see providers at

[00:12:30] hospitals but most of the time this information need at home being a patient that's being seen at

[00:12:37] home going to need this information because when they go to those hospitals they need to have all

[00:12:40] the information as possible to be able to get treated so our goal was and that's what made us decide

[00:12:46] when we build match it has to be in a patient game and you can only imagine how I ties to my

[00:12:50] story I was seeing myself I was seeing my son there is that there's all these other solutions

[00:12:55] being built out of facility levels telling the patients we're going to bring you this solution

[00:12:59] right and when we bring you this solution it's going to have all your records in there and every

[00:13:03] time they come back to the patient within solution it's missing has a lot of gaps right in a patient

[00:13:07] with not even at the center of that solution so we built match right we died was very important

[00:13:12] that the patient was given those records directly to the end right because of how because

[00:13:17] of my relationship with hospitals and all that's the reason why I managed to write this made the

[00:13:20] way it's made is for my experience then and I realized that the providers can get a lot more information

[00:13:25] a lot faster when you move the bureaucratic process out the middle and put in the patients yeah

[00:13:30] it's funny because I've been involved in a health care and on the electronic health record side

[00:13:35] and there was some data that several years old now but it probably still applies is that

[00:13:41] children's electronic health records tend to be more accurate because mom and dad will make sure

[00:13:47] that they go through the effort to take something off it whereas if we're doing our personal records

[00:13:52] or maybe for our parents we're inclined if it's a lot of phone calls to get it fixed we don't bother

[00:13:57] doing it yes and that's in that goes to another subset of what match right does is that as we're

[00:14:03] building a match right out we recognize that it's one thing to have your records but the

[00:14:08] opinions were so important because of home health phase and match right when you create your

[00:14:12] profile on match you can also create the pendant profile so if you're a caregiver to love when

[00:14:16] you create their profiles and pull their records directly into profile and be able to shut out

[00:14:20] independently because I understood from the hospice space that we're in the home health space is

[00:14:24] that a caregiver's who takes you back to my experience in the health care space is that the caregivers

[00:14:29] are going to be the ones of parents they could be taking care of mom and dad my sister's care

[00:14:34] brother all of that exists right they still have record those are the most center point I think

[00:14:38] of where the needs are right is they're the ones that's really seeing going to the doctor quite often

[00:14:43] they're dealing with issues the cute issues that times right so that's what I've learned when

[00:14:48] I when we were building man probably we realized the important stuff is not just I have the records

[00:14:52] but what more utility can put to it most of the times baby boomers might not be as tech savvy as

[00:14:57] a kid's right how can a kid say mom I have this our son a dog to your point like I got my son's

[00:15:03] a record and you once by some of my wife has as I mentioned my son is artistic so my wife

[00:15:09] pulls eight in the information in all this therapist information gets profile my 16 year old has

[00:15:14] this profile my dollar jacol is now but with math right we got math right established after you

[00:15:18] went to college but imagine if we had all the records that went by and that's right at the time

[00:15:23] when she went to college we can just transfer that over those don't get lost that's so much utility

[00:15:29] oh my you also our startup company so maybe switch topics for minutes so for our audience because

[00:15:35] mostly we don't do a lot of startup companies your challenge is executing that customer centric

[00:15:41] vision with balancing an investor story to to rape capital so share how that experience has been

[00:15:49] is this the first time you've had to do that with with your other careers is of you raised capital

[00:15:55] at this level yes it's unique that we're asking us we've been self-funded this far so I have

[00:16:02] really some solid doctor groups provided investment groups that started with me six years ago

[00:16:06] and they're carrying me this far too we're in a place to where it's funny is that we started

[00:16:12] I'll just give just be really candid I think we started an investor out going to BC Riles

[00:16:18] and what we've learned in that space is that sometimes when you're building innovation

[00:16:21] is not easy to explain the roadmap to where in a way that they expect there and then if you do go

[00:16:26] this just for all you start or start at that start at 100 percent so we have a lot of good

[00:16:31] traction that we're doing we're actually starting to international spaces now with the government

[00:16:35] with the B.A. and things that we're doing now just give me some context of where we are now but none

[00:16:39] of that would have happened if we had it followed the Rimmel word of the BC world was telling us

[00:16:43] build this revenue model to get us closer to the money sometimes it's tough when you're building

[00:16:46] innovation in shrew tech for real you have to follow not necessarily where the money is but go

[00:16:51] to the value and that value would generate that income in that space and the value for what us

[00:16:56] was to make sure we build this application had a longitudinal connection to all these

[00:17:00] identities that we're trying to connect to and I've learned a lot on the fundraising inside because

[00:17:05] for us even the way you're coming to the equity and space we're in the count we're in this right now

[00:17:09] right now but the conversations and the best is our little different now then when it started two

[00:17:14] years ago two and a half years ago yes we know where building we have the connections that we

[00:17:19] know or connected with and I think it started shining light on that so we're circling back around

[00:17:23] the Sunnels investors but our conversations is a lot different now because we stayed true to where

[00:17:28] our path was going our team is super excited about where we're headed and what we're doing

[00:17:32] relationships that we're building to and it's not for everybody for us it just worked that way

[00:17:36] for us the fundraising was really tough I called it Kansas City I called the Kansas City Circuit

[00:17:42] I went through the circuit the gauntlet earlier I was told I was pulling the ocean it was so many

[00:17:47] different things was stayed in that space and I've bought at the beginning of this I fought so hard

[00:17:53] to try to push towards what the investors were looking for what they needed and made sure that

[00:17:57] my product aligned in that space too and I learned in a couple of those things that I was getting

[00:18:02] away from what match right should be because if you're building something you're innovating your

[00:18:05] make it there is no roadmap necessary there is no really mechanism to tell you how exact they should

[00:18:10] work you can only have guide posts of what happened before and if you're truly innovative and you

[00:18:15] really want to build a product that you think you're going to listen to a lot of that stuff as guide

[00:18:19] posts but it can't be decided back on how you operate your business because I think sometimes

[00:18:24] you may get some growth but then it could allow you to fail and some say and what we're building right

[00:18:28] now we're touching government we're touching international we're touching health here right was just

[00:18:32] so unique in what we're building and our goal was it to be on the outside of your credit process

[00:18:36] for us to be successful not necessarily inside a lot of times the feedback we had was like you've

[00:18:41] got to figure out how you fit inside of this a really good example and I would say this we were

[00:18:46] we're at we're presenting at one point as somebody said how do you match right fit inside a

[00:18:50] standards model and this was like three years ago in my response was quick as some don't

[00:18:55] we don't fit inside that model we support them but we don't fit inside the model

[00:19:00] what we're trying to build would be on an outside that we're building is a unique product too

[00:19:04] and I think it served us well as a connection that we made down the things that we're doing

[00:19:08] I think the fundraiser is going to always be tough there's no answer right or wrong answer to it

[00:19:12] but you have to recognize if somebody your investor is going to be partners for a long while

[00:19:17] and take it from me my doctor investors initially have are following me to each round this when

[00:19:21] I've got to the point where I need funding I can always tap into that so just think about when

[00:19:25] you tap into these investors are these partners I can write with you a long way already just look

[00:19:29] at pretty short cut too then you got to decide okay when does it get it in now because there's a

[00:19:33] lot of good information these investors will have but you really have to be understand what

[00:19:37] you're trying to build when you engage with these investors and I think we've done a decent job

[00:19:41] of that we aim we didn't get it all right but we've done a decent job at least facilitate our way

[00:19:45] through this so I think for our audience one of the challenges of raising money is that you're

[00:19:51] getting it from angels and venture capitalists more venture capitalists they have a fund and a fund

[00:19:57] generally says this is my charter I'm going to and it always is not optimal but in the best

[00:20:04] they'll pick their companies in the first five years and invest in them and then in the next five

[00:20:08] years they're hoping to deploy more money they call a dry powder and then they're hoping to get

[00:20:13] a return within by the end of that 10 years and they have specific models and so they may come

[00:20:19] in and try to get you to convert your model to what works for their fund model and it's a really

[00:20:26] tough balance now healthcare IT is one you know when you're doing a drug and you have to raise

[00:20:30] 100 million you got to do what you got to do but in healthcare IT a lot of times you can at least

[00:20:36] get to some organic growth where you can take off some risks that other people see to your point

[00:20:42] improve your way but it takes a lot of courage to do that so I commend you to do that

[00:20:46] it takes a lot right so for me that I lost a son and we built it in that space and sometimes

[00:20:51] a story can overtake the tech and affect a business model so I think the most important thing is to

[00:20:57] get the right team of right to balance that out so you want to say true to what your building

[00:21:01] but you don't want to get so far outside of balance to where it's not investible at all so

[00:21:06] what I did was put the right team around so the first thing I did looking at that I found my

[00:21:12] CEO was somebody that was in a private equity world and I necessary a health space but somebody

[00:21:16] in private equity world that was the first step I made the second step I made I said I need to

[00:21:20] have somebody that's been in the government space bring those guys some those are what I searched

[00:21:24] out what I did was search out a team to really help stamp give me a stamp approval to help me decide

[00:21:30] what direction we should go the good thing about math that we had at the gate is I knew I was on

[00:21:35] to something right I knew that part of here I knew that early right but in order for to be successful

[00:21:40] we have to stand a test of time against just connect with patients make it patients the focal point

[00:21:46] while everybody was building in an H.I.E.s and stuff so the biggest thing for I was there is not

[00:21:51] to make those decisions long put the right people right to help make those decisions and then when

[00:21:56] you talk with investor groups whatever there's so much good information but with investors do they

[00:22:00] bend through so much is seeing so much even to your point in building out of fun there's a structure

[00:22:04] within that fun that they have to follow it's good to understand what that structure is because

[00:22:08] when you want to pull that cord and top into that structure you understand when the timing of

[00:22:13] because a lot of it is not about if are we and there's probably some time that we do it if

[00:22:18] that we do it but the timing of it isn't important I think for us as we see that as team and

[00:22:23] really sit back all right we get this we get this company on then we'll be at this juncture and

[00:22:27] then we can maybe pull this cord that we talked before and it's just for us to really understand

[00:22:31] what we have what our role map is and then now that we know the playbook so to speak of some

[00:22:36] of these investors some of them may not be for so it's okay because you're I know sometimes

[00:22:42] you need capital you have to have it I was lucky to be able to be funded by great reproductors

[00:22:47] help grow this up a little easy not everybody has that so my story may not sit for everybody but

[00:22:53] that's just how we did so we do look at some of these bcs some of these investors and we're weighing

[00:22:58] them too you have a right to weigh them to your building something great you're talking to these

[00:23:03] organizations outside of Kansas City and outside these places you know what the probability of

[00:23:07] match right being successful is and you got to hold true to that and you have to meet the

[00:23:11] time halfway right yeah it was curious how you balanced that as a human because you obviously

[00:23:16] have this passion for for personal reasons but I've looked on pitch book it looks like you

[00:23:22] turned down some money early on and I won't go into the details so anyone specific but you

[00:23:27] had the courage to say you know that this money doesn't match my model but yet you're telling me

[00:23:32] that you've got a lot of people that challenge a model and you listen to them so how do you

[00:23:36] switch through that personally it's a tough lonely thing to be CEO of a startup

[00:23:43] it is it still is I think I will say that let my tragedy be your trial like I had to go to

[00:23:48] super tragedy it changes the way life right when something tragic just what happened

[00:23:53] and my prayers go out to the people in Kansas City you think they happen and she's great

[00:23:57] that one moment it changed lives right it changed the way you're a perspective

[00:24:01] and my son did that for me it changed it helped you realize what's important in that case

[00:24:06] so a lot of times when you're making these decisions I go I literally go back to what is what would

[00:24:12] have been best for us if that's fine and I'm making a lot of my decisions there and when I make

[00:24:16] my decisions on based on what I think is best of the time I lean on the team that do know that has

[00:24:22] the insight scoop on how people and stuff thinks right because I think Steve is super amazing right

[00:24:28] especially on the investments side of things that he's been in that world for a while he's

[00:24:32] but he sees both sides yeah that's why we that's why I when I talk with him three years ago I was like

[00:24:38] I'm gonna need this in here to help us understand it and that's where those decisions are made

[00:24:42] it I have the passion to go on where other but he can say all right this strategically made sense

[00:24:47] right and that's important so get the right people around you right and it may be unorthodox

[00:24:52] right having a PE guy run our operation makes all the senses in the world to us because we do know

[00:24:57] to help we know where it's headspace but he can help guide us until all right this is a good

[00:25:01] decision this isn't and it's been helpful now and everybody our team has a specific role and

[00:25:07] why I like to say is said I know my gaps I understand what my gap saw in us first and you always find

[00:25:12] people to fill the gaps you don't have people on exacerbate where your strengths are you find

[00:25:17] people to fill those gaps and that's what I mean so when you look at startups in general the the

[00:25:22] goal is that you give liquidity to your investors at some point in time by an exit emerge or

[00:25:27] going public what's your exit strategy we split I'll say that must James is fluid I think you

[00:25:33] like there are what we've seen because we there's a lot of opportunity for us now and there's a lot

[00:25:38] of opportunity for not only our investors even our team right I call my team that are bringing

[00:25:43] on their own or suit right it's not just me right I really consider that right that their

[00:25:48] owners to help grow this thing and build this thing out but it's fluid there's some kind of high

[00:25:53] level conversation was starting to have now because you're really moving sorry enterprise

[00:25:56] and I told our team I'll just give you this bit I said there'll be a lot more conversations probably

[00:26:01] this summer when we really hit the market on enterprise level on where direction is but for me to say

[00:26:06] one way or another now I think there's we don't want to put it ourselves in a box we just want

[00:26:11] to be the best match we could be our the best support tool that we can be what we set out to do

[00:26:16] and then let the chips for us my dad would say let the chips forward in May they think that you're

[00:26:21] also aligning with the trend we've talked about the concept of a real-time healthcare system for

[00:26:26] years but it was only when covid happened that we recognized the big disconnect between

[00:26:31] information we have in public health and on trends and things that are coming and the ability

[00:26:36] of our hospital systems to recognize that it's coming and it always strikes me like yesterday I

[00:26:41] brought my printouts from my I think it's called it begins with the Q Curio cardio it's like

[00:26:47] already yeah so I brought my blood pressure and my weight from I don't know years I'll put it to

[00:26:53] her right she didn't have that information and if you're someone who gets the white coat disease

[00:26:57] when going to get your blood pressure they're like all we want to put you on some edges list and

[00:27:01] it's been at 120 for five years I just hit 140 when I come in here because I'm nervous

[00:27:05] yeah yeah yeah but those things are really valuable because it's either you can say that to

[00:27:10] doctor and they don't know if that's a true thoroughfality and so I think it's just so much more

[00:27:16] information that can be had and I think we haven't recognized that is not something that healthcare

[00:27:22] systems are one good at and two really you're going to spend a lot of energy and funding to go get it

[00:27:30] and it's weird because if you think about I was at the hymns meeting they had here just last week

[00:27:35] the focus was on funding going to dense areas right and then rural areas it's underserved areas

[00:27:41] because they're both sides of the urban and rural they're both underserved right and how we look at it

[00:27:47] what I look at it from that standpoint is that we should be universal enough to wear no matter where

[00:27:52] you are or where you're connected to it should look the same right as far as the solution and that's

[00:27:57] what math solves it to Duke that's the foundational point we have quite a few startups our group set

[00:28:04] has reached out to us the partner was on a couple things right only because we are that we look

[00:28:09] at herself as a foundational piece where the piece that gets to basic information we can build

[00:28:14] off top of that most will build AI solution I'll use this for example it's the way there's a lot

[00:28:19] of AI solutions come out now they're excited about the AI tools that exist but only for AI to really

[00:28:24] work and be effective what do they need I just think about that so this big boom with AI stuff

[00:28:30] our team is in that where are you going to get the information from they're pulling information

[00:28:33] from the same incomplete information as always existed and build an AI around that then you

[00:28:38] think about how great or how how supported the AI solution will be without the right information

[00:28:44] now that can we provide a better subset of information from the patient directly from across all

[00:28:51] these bounds they help provide better data to put AI tools on top of those of the thought processes

[00:28:57] that we had right to extend behind what the now is you get let's start with some good information

[00:29:02] to really give a really robust good AI tool that could provide good output right bad input in

[00:29:08] is bad input out right and that's how we see it we really do see is that from the patient engagement

[00:29:13] signing engaging the patients this will have a true organic subset of a lot of information across

[00:29:19] a lot of different barriers without all the headaches of which in the bureaucratic process of health

[00:29:23] care that you see outside of there we made it a point to stay outside of that space it wasn't popular

[00:29:28] most people probably looked at us at the beginning stories guys we're going to keep building our

[00:29:32] stuff our million dollar tool and we're on our side like you don't actually do we're going to focus

[00:29:35] on the patient focus on the patient and we're starting to get traction there now I think we're

[00:29:40] excited about where it can go we do think we could be the standard of how patient information should

[00:29:45] when we're not just using it just as a term out there we do believe that could be possible man

[00:29:49] in our goals to get patients on to get them connected and just meet a word they're in we don't need

[00:29:54] this best for tool the same tool that connects the veteran connect you mom or you son that's

[00:29:59] still a little Japan's information health care crisis so we're excited about where Matt's

[00:30:04] Friday is we're excited about where we're headed and this health care space is unique we've been

[00:30:08] in a while we don't talk about it but it's not well he's the one started for sure but we've been at

[00:30:13] this for about six years so we know a little something a little something yeah how do you keep

[00:30:19] abreast of all the rapid changes that are going on particularly you mentioned the word AI

[00:30:23] but there's lots of moving parts in healthcare there's lots of policies and regulations

[00:30:27] of the changing constantly where do you go to keep up to date on this stuff you mentioned him's for

[00:30:32] one right there yeah him said for one I but you know what so what's weird though James is that

[00:30:37] the health care IT world is small so we deal in all of your doors right so we there's a lot of

[00:30:43] newsletters were part of email lists were part of the C comes out that come out our goal is really

[00:30:47] to see what a new office is and every each are in where those regulations sustain so there's a lot

[00:30:53] of different ways you know we're connected I'll say that way that much and we also attend as many

[00:30:57] of these conferences that would keen or get information back side of that a little story we said

[00:31:02] at DC health systems that I think in 2021 in their office about our 2020 right out right when

[00:31:07] code was his to talk about match right and what we're doing there that's four years ago I'm most

[00:31:13] right so we said in the office talk about match right in that space really understanding where

[00:31:17] the roles were even if you think about I don't know one getting the C2 after 11 those things

[00:31:22] that were by substance abuse information can be passed between different entities whatever and

[00:31:28] we were looking at that time we're not pass up some entities we're given to the patient so we can

[00:31:33] move information clinical notes a lot easier than the larvae can sees can there was things that we

[00:31:38] were thinking through even back in that were bill not that's a really intriguing thing so the patient

[00:31:44] themselves is giving the permission when it passes up to the apex and the other care providers

[00:31:50] this and it goes back to the initial process when we started this is that in order for a solution

[00:31:55] truly work and be a solution the patient has to be at the center regardless of what you're thinking

[00:32:00] about whatever other organization think about you got to have to include the patient if you're building

[00:32:05] solutions and then saying hey I'm gonna pass this and remaking out to the patient there's probably some

[00:32:10] gaps there because there's even gaps going through the patient that we're seeing too right like

[00:32:14] only imagine we're getting their permission they're telling us they're connected so they're

[00:32:17] telling us about hospital you just tell them what records there they could put notes on their

[00:32:21] the records they pulled it through the records they pulled it they can put notes on this and hey I don't

[00:32:25] use these in metaphase anymore it's true patient engagement understand of the health records with the

[00:32:31] mass right but even in there there may be some gaps so I can only imagine that when a patient isn't

[00:32:36] communicated with and they're moving records between two facilities without the patient and

[00:32:40] the center there's gonna be some gaps there for sure even I was surprised like when you think of if

[00:32:45] you have a daily vitamin regime or sir herbs or something that you're taking the doctors consider

[00:32:50] that drugs and they want to know that right so that they can see if there's any interaction it's

[00:32:54] shocking how much information they do not have or their information is old to a point of a drug

[00:33:01] that's never being used anymore but I also think there's some interesting life there's two ends

[00:33:05] of lifestyle that's interesting to me that this could be very valuable on so the first component

[00:33:10] is kids getting out of college and moving on right so as you point out and one of my daughters

[00:33:16] has been very successful and moved several times and one of the things that happens is I'm not maybe

[00:33:21] gonna I'm healthy I'm young I'm not gonna go see a doctor and I always say you gotta get plugged

[00:33:27] into primary care as soon as possible because if you do have an issue that's your access point

[00:33:31] and then I was talking to a neighbor yesterday we're walking dogs together and she's over 65

[00:33:38] and she picked a certain health plan because her and her husband plan on traveling to a number of

[00:33:43] different places and one of the health plan but we were talking about but how does she get her

[00:33:48] records to doctors at this year she's going to Florida next year she's going to Texas for two

[00:33:53] months I could see the value of that so what's the biggest lesson that you've learned so far in your

[00:33:59] journey I don't think I learned it yet right I don't think you know I don't know I probably have learned

[00:34:06] I don't know which ones because when everything's for already nothing's a priority tight we use that

[00:34:11] inside our agreement now so I think but I will just highlight certain things that I have learned

[00:34:15] to is that in this journey so far I think especially there's one thing to build a tech and have

[00:34:20] the checking space and build that out we started building our tech innovation I'll say that I always

[00:34:26] because they would build this in the basement what was really important for us to do is really test

[00:34:30] drive it and market and don't jump in on the first yes right because I think you could limit that

[00:34:35] technology to right really understand where you want your roadmap where you want your product to go

[00:34:40] and then it helps you identify that is this something I should job for now are this opportunity as

[00:34:45] a roadmap feature that we can add later right to keep the integrity of your product I think a lot

[00:34:50] of times and I'm I'm grateful that I had great people around me too is that there were some huge

[00:34:55] opportunities I came out a few years back that we took a job don't I think but it will just so

[00:35:00] limit what we're building now it was so limit the things that we're going now and for me my story

[00:35:05] and my son and what I was trying to what's a driver for is not to focus the really focus at the light

[00:35:10] at the end of the tunnel and not everybody has that dry and has that progress behind it so to speak

[00:35:15] that why but I live back of this and we have me and our team had a conversation about this just

[00:35:20] the last couple of months on what opportunities if we had a jump phone or to look lucrative right at

[00:35:26] that time but it would have been a huge row blocker now so just really know what you want it

[00:35:32] want your product to be and understand that and recognize what's a shiny object was actually an

[00:35:37] opportunity and those are hard to identify some time especially when you're in a new space the best

[00:35:42] thing I could tell you is that will this take away from my ultimate goal and then remember for me

[00:35:48] my ultimate goal wasn't just built on my guts and buildings and all this stuff we brought

[00:35:52] in a peep person tells I all right for you to hit revenue you need to have these two targets doing

[00:35:57] these things so we knew what our goal was as he shiny objects popped up we're like all right I'm

[00:36:01] just going to take us away from our long-term goal let's keep moving it's a unique perspective on it

[00:36:05] I'm just super grateful for the people I had around me and I'm grateful where we're headed now

[00:36:10] the job's not done and passing my home's work so it's not done there's a lot of work ahead

[00:36:15] but that's why I think the biggest success for me is that follow true to what you're building right

[00:36:19] know what you need to get to your end goal in mind and every time a shiny object our

[00:36:23] opportunity appears you have to identify is this going to slow down the ultimate goal or will

[00:36:28] they help in that alone so I just I was working with the client last week and I had a ton of data

[00:36:33] and at the end of it I broke out the various options into those that were root cause and those

[00:36:40] were symptoms of the health care system right so a lot of times to your comment here is that the

[00:36:45] shiny object is solving a short-term symptom but I also hear out of you something that I think

[00:36:51] is important just to bring up to the people so first it's you made your system and then try to

[00:36:55] break it right so you're the person that tries to break it in that effort of breaking it you discover

[00:37:01] if your sample of one was good or not I hear having a vision which is obviously very personally

[00:37:07] motivated to to turn down money because you don't want to focus on a symptom and then I hear

[00:37:12] surround yourself with experts that can challenge you so that you're not so stubborn on your vision

[00:37:19] that you're not pragmatic and I think those are three powerful traits did you grow up in a big family

[00:37:24] or small family or he's counted so yeah yeah yeah yeah yeah yeah you're hidden down the head it was

[00:37:30] seven of us and then my mom passed it was just I'd I said my mom passed when I was in a

[00:37:35] freshman high school and I was a second oldest so you know how care I know so it to that to your

[00:37:41] point you hit something I think that's what drives it right because we have to be able to balance

[00:37:45] between all of those and Dylan with just us growing up and being trying to be mature we're being

[00:37:50] parents and we're being the mischievous brothers and sisters at the same time we're raising them

[00:37:55] and also causing the kids myself it was one of those things like you're helping brother with

[00:37:59] math homework and giving him a wedgie and hourly yeah at the same time right are throwing them out

[00:38:03] the window trying to flush just head down until they really have our lock in my other sister in a

[00:38:08] closet all those things that happen I think how I guess I does sign up bringing this money you

[00:38:13] brought that up but you have to be able to measure across about because you nobody's

[00:38:18] perfect in everything and I learned to recognize it really is Chris where do you have gaps

[00:38:22] and most people will look at the gaps and say all right this is where he's lacking in head

[00:38:27] he can't be successful because of this I look at it like I'm glad I know where my gap so I can

[00:38:31] fill somebody to fill it and what I'm strong at is I'm a storyteller right I understand the tech

[00:38:36] and I'm not even a tech guy about the nature of building and coding I'm an integrator right I'm

[00:38:41] a morbid integrator understand where the problems are and like how do we integrate already existing

[00:38:46] tools and make them useful now we have to build our own our patent pending now which is super exciting

[00:38:51] that we have working now but I look at just integrating technologies right and then build

[00:38:55] where we have to build what's existing then build we have to build because if you're building something

[00:39:00] then already exists this already out there and you're trying to combat that it just makes things

[00:39:04] so much harder we're looking at now and we went on outside we built something that will go straight

[00:39:08] to the patient directly to the patient right and they have just as much information are more

[00:39:13] than probably a doctor to go on a seat right and that was our focus there wasn't a lot of money

[00:39:17] and initially right in that gave it but now where we're headed now we went to where the value was

[00:39:22] and I think now that we've done that and took us entire we kept our eye on the prize I think we're

[00:39:27] in a really unique position now to be a catalyst for patient record sharing patient control records

[00:39:34] without many barriers right we don't have many barriers because he has been a patient side of it

[00:39:39] that the patient can make those decisions now we have we had various not really barriers there

[00:39:44] but because the patient is driving there's very limited barriers that we have right now so if I wanted

[00:39:50] to get your app is it available in the app stores are you have a limited release going on yeah we

[00:39:55] have a limited barely sat now I'll work with a large kit say a large academy right now a couple of

[00:40:01] that will work with now it's roll out we'll probably push out the mobile app we're looking at

[00:40:06] the middle of March they get that out but there is a web app that's available that's can download

[00:40:10] and you get your records to now we haven't rolled it out to the masses but we do have like you

[00:40:14] you could check our our website you get on the list to get added to it but we really one thing

[00:40:19] about mass right that's important is that we want to meet the patients where their our VA will support

[00:40:23] them we can handle on million patients we have the veterans we can put all the veterans on it

[00:40:27] if needed but how do you support that how to explain to them what that is so we really want to be

[00:40:32] engaged with that patient not just pain it would have brought brush but we're going in and

[00:40:36] we have a whole team that's a patient engagement team we have a stakeholder engagement team

[00:40:40] we have our tech team ourselves see but all four of those teams work in their own four entities

[00:40:45] to really make this day successful so our stakeholder engagement goes into an area or focus on

[00:40:50] certain area if it's through a hospital that we're working with a academy that we're working

[00:40:53] with right now to get their patients on it and then we can grow from there so we are looking at

[00:40:59] spreading that making it fully open to the public in March we're right now it's certainly

[00:41:03] success we're connected with now that's why we have a good idea of what we had that's excellent

[00:41:08] so as you look at out of healthcare and the next 10 years what do you see this is the biggest

[00:41:13] opportunity for growth or the biggest threat to the health care system the biggest threat to

[00:41:18] the healthcare system I think is bureaucracy I think that's the biggest hindrance I think

[00:41:23] to the healthcare system as where it stands because you think from here to our perspective from

[00:41:27] their level they're really focused on controlling their asset and their asset is data right but then

[00:41:32] on government side of it they're pushing we need to share more data so they're on two opposite

[00:41:36] side of the spectrum so there's regulations being pushed out accent these large companies

[00:41:41] and to integrate their data and when they're doing it they're doing that limited fashion which is

[00:41:46] not really that much beneficial in the past you know soft sum of the needs and for us that's what

[00:41:51] we focus on our side the biggest opportunity now is the ability a lot of patients to have more

[00:41:56] control and 2012 they rolled out this regulations to have more electronic medical records so everybody

[00:42:02] created portals right as great as that was everybody had a portal how many patients trying to get

[00:42:07] 20 portals connected get one if said once that information the great thing that's happening now

[00:42:13] that the regulations out that says not only does a patient have right to get their information

[00:42:18] they should have right to control it and that's start to involve the technology side of it and

[00:42:22] said the patient can decide where they want their records to be bed and to who they connect to

[00:42:27] they should have that right and that change just received which is gave I think gave

[00:42:32] just the healthcare the biggest boost because if I look at it and this how I explain it so our

[00:42:37] group and our team is that we're like the social media partner healthcare right we're like the

[00:42:41] Facebook I really we go straight to the patient right to the source and they can pull

[00:42:45] information on socially and connect where they need to connect it to yeah this is a lot of

[00:42:49] information that they'll have probably more than one thing doctor have but here's the thing is

[00:42:53] there's right and that's who they're the ones that should have so everybody has the sentient

[00:42:58] their own HIE so the speaker individual HIE first of all I'll mention that I'm gonna put your link

[00:43:04] into that I'll get the link so people can sign up to put it in the show notes because I think

[00:43:08] it's important so if I had your app and I went to my doctor and said I have this and it's a doctor

[00:43:15] here in Pittsburgh would they have the capability to read it or would they need to the organization

[00:43:21] would need to make a some sort of connection into yours to get it to tie yeah so what they would

[00:43:26] have to do is they would have to sign up for a SAS model so the patient is ready to have it but we

[00:43:30] have a SAS model that sits inside the provider's office now so where they can connect and read

[00:43:36] the patient's records so within our platform you can go as a patient going to our

[00:43:39] hatcher house with hatcher records and then you go into our platform where it says share

[00:43:44] yeah share there's a list of doctors or a list of we have two sub sets of groups you can share with

[00:43:49] there's doctors and those organizations even with school signs up on other side and say I

[00:43:53] want shot records they can share it there we have a list of both sides whereas not just doctors

[00:43:58] are providers you can share directly with the organizations but we're not limited to just a

[00:44:02] health care space anybody needs those records that need access to the records if they want to be on

[00:44:07] other side that to be a partner with us to share the receive patient information we would be of

[00:44:13] the patient we able to share within and they can share anything from clinical notes their own

[00:44:16] personal notes all those records that they see or building that out and that's what makes this

[00:44:21] thing so unique of how we're rolling this product out is that we understand the needs of where patients

[00:44:26] are we don't want to just give them too much of your mates that they can't use but we want to make

[00:44:31] a useful form and that goes back to our roll out the is the way it is really understand what the

[00:44:36] needs are how to refine this because the easier to control the subset of this our biggest then

[00:44:41] having a broad brush have to go back and make an adjustment on it so our gold now is and I will say

[00:44:47] we're getting really good feedback on where this thing is we've been asked for more from that

[00:44:51] point we're still trying to keep it confined in some sense but we're in the process now is

[00:44:55] writing out a roadmap but where this is to get to where your point or point early when we're talking

[00:45:00] about AI to us so we're like all right here's how you can run AI on the top of what we have now

[00:45:05] those are thought processes our team is now is where we are now or as this to be where we're

[00:45:10] headed to be at I can see the value in the educational system too different universities have

[00:45:15] different size medical but the bigger universities a lot of times will take care of some of the basic

[00:45:21] student needs actually up the university yeah and given that they're coming from all over the

[00:45:26] world it would be a tremendous asset to have that but where I'm talking about this right now

[00:45:30] with three universities right now because for that exact reason and one of the universities we're

[00:45:35] working with now 70% of their patients come outside when they really have that you start to understand

[00:45:41] it and especially when you start working with this university size you start to understand that scale

[00:45:45] right then need that scale students that's coming in and know necessarily have a acute issue they

[00:45:50] just need records from the right so it really focused directly on records right the VA is a

[00:45:55] really good one too because veterans don't have developmental records anywhere but we can get

[00:46:01] those for them and they travel the same way but it was so great about is that a better to be a

[00:46:05] student and have student records and VA records it all operates the same with their app it's no

[00:46:11] section after that too that's fantastic very good was there anything else you'd like to share

[00:46:15] with our audience no I appreciate the opportunity very and just that just we are really trying to

[00:46:21] change health care at the core of of where health needs to be changed and that's with the patient I

[00:46:26] think they're the one entity that travels that's a part of every everything is in that record they're

[00:46:31] one entity that's a part of every decision is made they should have some way control you know I'm

[00:46:36] excited about where they decided by the opportunity and how to share along right I think just for

[00:46:42] the way health care is opening up and allowing third party applications like us to come in and make

[00:46:46] an impact not just build a application we can make an impact or super excited about that fantastic well

[00:46:52] thank you for joining us I really appreciate our conversation absolute James thanks man it's been a

[00:46:57] pleasure thanks for tuning into the chalk talk gym podcast for resources show notes and ways to get

[00:47:06] in touch visit us at chalktalkgem.com