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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

Opinions expressed by Entrepreneur contributors are their own.

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

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

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How Success Happened for Josh Harris, Co-Founder of Apollo Global Management and Co-Founder of Harris Blitzer Sports & Entertainment

Harris has a knack for building and growing forward-thinking ventures.

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Harris has a knack for building and growing forward-thinking ventures.

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July 13, 2021 5 min read

Opinions expressed by Entrepreneur contributors are their own.

Josh Harris has a short resume. For nearly his entire professional career, he has held only one job, sitting at the helm of Apollo Global Management.

Since co-founding Apollo in 1990, Harris has spent the last 31 years building and shaping what has become a leading alternatives asset manager. But even with 15 offices globally and over $460 billion in assets under management, Harris has found time to pursue passions outside of the financial industry. With an eye for uncovering potential value, the investor maintains a robust family investment office, is an active philanthropist through family foundation Harris Philanthropies, and has successfully launched a premier sports and entertainment platform, Harris Blitzer Sports & Entertainment, which has grown to include the Philadelphia 76ers, New Jersey Devils and Prudential Center in Newark New Jersey.

Related: Check out recent guests Josh Harris and Thomas Tull on the How Success Happens podcast

Harris credits wrestling for unlocking his internal drive. After participating in wrestling at summer camp at a young age, he was hooked. The intensity of the sport and raw physical strength it demanded was motivating and compelling to his innate competitive spirit. But he quickly learned that without preparation — a healthy diet, cross-training and time on the mat — you get physically dominated. Once a struggling student, wrestling helped Harris turn his academics around and earned him acceptance to the University of Pennsylvania — and a coveted spot on the wrestling team there.

It was at Penn where Harris first got a taste of finance. An introductory economics class ignited a similar spark within him, compelling him to go to the fast-paced world of Wall Street. He transferred to Wharton and dove headfirst into finance.

“I was allured by [the idea of] helping companies grow,” Harris says. “I was a sponge for knowledge and wanted to learn everything I could … from the best people.”

The decision was made. He bought his first suit and headed to Wall Street.

“This is what I would recommend to [anyone just starting their career]: Treat your life like an investment,” Harris says. “Do something you are passionate about … look at the upsides, the downsides. What is your competitive advantage? … Really look at it analytically.”

Harris used that same lens when faced with an even bigger decision, several years into his career. After cutting his teeth at Drexel Burnham Lambert and attending Harvard Business School, Harris accepted a position at Blackstone. A few weeks in, he got a call from former colleagues Marc Rowan and Leon Black, asking him to join a new firm, the fledgling Apollo. Harris had worked only weeks at Blackstone — and used his signing bonus to pay off his student loans — but he was enticed by an opportunity to build with people whom he knew.

Fast forward thirty years, Apollo has become the second-largest alternatives and largest alternative credit manager in the world. Harris has been the architect of some of the firm’s most successful deals, including the historic LyondellBasell transaction, one of the most profitable deals in PE history.

In 2011, Harris applied skills from his day job to a new venture — joining forces with David Blitzer to purchase the Philadelphia 76ers from Comcast in a corporate carveout. One of the most rewarding aspects of owning sports teams, Harris says, has been serving as a steward of the city.

“[Sports teams] are public assets…you take on a real obligation to help the communities where you are playing,” he adds.

Related: Check Out These Top Sports Podcasts

Giving back to the communities where HBSE operates — namely Philadelphia, Camden and Newark — is of top priority for Harris. In our conversation, it was clear how deeply he believes in the power of sports to change lives, just as wrestling had changed the trajectory of his life. Through his many charitable endeavors with HBSE and Harris Philanthropies, Harris is focused on creating opportunities for kids to experience sports who might not otherwise be able to, providing access to sports programming and pairing it with academic resources and other support. More broadly, Harris Philanthropies is focused on catalytic giving and creating equitable opportunities in the communities where the Foundation has a deep connection.

In the past year, however, Covid-19 was front and center, requiring the Foundation to adjust their strategy to address needs brought on by the pandemic. We [immediately] had to pivot [our strategy] and lead,” says Harris, who through HBSE and Harris Philanthropies, set to work distributing food, medical supplies, frontline equipment, laptops and other resources to local communities.

Now Harris is starting a new chapter, returning to his entrepreneurial roots. Having recently announced that he’ll be stepping back from his day-to-day role at Apollo, Harris is excited about continuing to expand HBSE, as well as his multi-asset class investing business and diving deeper into social impact. But he hasn’t lost touch of what has driven him throughout his career — building and investing in success.

Related: Let us Help Your Brand Create Its Own Podcast

Related: Check out recent guests Josh Harris and Thomas Tull on the How Success Happens podcast

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/j7fh3NY-vQE/374991

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Virgin Galactic Cleared by FAA For Passenger Space Travel

Will billionaire and founder Richard Branson beat Jeff Bezos to space?

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June 25, 2021 2 min read

Opinions expressed by Entrepreneur contributors are their own.

Richard Branson’s Virgin Galactic, in a statement, announced the FAA has upgraded its existing license to include passenger flights.

The company also says the approval is the first of its kind. Shares jumped 12% in premarket trading.

The journey, however, has been somewhat bumpy, Engadget reports. In December 2020, the company’s test flight ended in a motor ignition failure. In February of this year, Virgin Galactic delayed its tourism flights until 2022 saying more “technical checks” were needed.

Related: Virgin Galactic’s VSS Unity Completes Human Spaceflight

The company then had to complete dozens of verification and validation requirements to clear the final two steps for the FAA’s approval. CEO Michael Colglazier says the crewed test flight on May 22 was a success:

“We’re incredibly pleased with the results of our most recent test flight… [which] performed flawlessly, and the results demonstrate the safety and elegance of our flight system. [We’re confident] as we proceed toward our first fully crewed test flight this summer.”

Related: Elon Musk’s SpaceX signs alliance with Google Cloud to offer satellite internet with Starlink

The company, which began working on its mission to space in 2004, says it’s preparing for the remaining three test flights.

Unconfirmed reports also suggest Virgin Galactic is working to send Branson on a suborbital flight during the July 4 weekend, according to Business Insider. That’s two weeks before Jeff Bezos is scheduled to board his Blue Origin’s New Shepard for space on July 20.

Related: Blue Origin Is Challenging SpaceX’s Artemis Lander Contract From NASA

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/MOGXdxbDu3A/375771

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10 Deals for $20 That You Won’t Find on Amazon

After all, Amazon doesn’t have everything.

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After all, Amazon doesn’t have everything.

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June 21, 2021 4 min read

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Despite diversifying its options over the past few years, Amazon doesn’t have everything. One of its biggest shortcomings is its lack of educational resources. If you’re looking for a more substantive purchase, consider investing in your own professional development. We’ve rounded up a collection of courses you won’t find on Amazon and, for a limited time, they’re all just $20.

The Professional Microsoft Excel Certification Training Bundle

The Professional Microsoft Excel Certification Training Bundle

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Microsoft Excel is the world’s most ubiquitous office software, used in just about every industry. You may think you know Excel, but after this eight-course bundle from Excel Maven, you’ll understand just how little you knew. You’ll cover advanced formulas, data visualization, PivotTables, and much more.

Get The Professional Microsoft Excel Certification Training Bundle for $20 (reg. $1,600) for a limited time.

The Fundamentals of Real Estate Investment Bundle

The Fundamentals of Real Estate Investment Bundle

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The real estate industry is booming, for both commercial and retail investors alike. In this five-course bundle, you’ll learn how to think like a professional real estate investor. You’ll explore pre-investing practices, wholesale deals, and much more.

Get The Fundamentals of Real Estate Investment Bundle for $20 (reg. $1,000) for a limited time.

The Google Analytics Master Class Bundle

The Google Analytics Master Class Bundle

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Google Analytics is one of the best tools for businesses to understand their web traffic. In this bundle, you’ll learn how to use GA to draw better insights from your traffic data and institute changes to make your webpages as strong as they can be.

Get The Google Analytics Master Class Bundle for $20 (reg. $995) for a limited time.

The Ultimate Financial Accounting & CPA Certification Training Bundle

The Ultimate Financial Accounting & CPA Certification Training Bundle

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Every business owner should have at least a functional financial skill-set. In this bundle, you’ll learn how to be the accountant for your business with the same education a Certified Professional Accountant (CPA) would get.

Get The Ultimate Financial Accounting & CPA Certification Training Bundle for $20 (reg. $1,592) for a limited time.

The Ultimate Candlestick Trading & Analysis Masterclass Bundle

The Ultimate Candlestick Trading & Analysis Masterclass Bundle

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Earn some extra money in the stock market by learning the trading techniques employed by the pros. This technical analysis bundle will teach you how to analyze candlestick patterns and use data to make more informed investment decisions.

Get The Ultimate Candlestick Trading & Analysis Masterclass Bundle for $20 (reg. $1,000) for a limited time.

The Premium 2021 Project & Quality Management Certification Bundle

The Premium 2021 Project & Quality Management Certification Bundle

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After a lengthy pandemic that hurt many small businesses, it’s important to hit the ground running in this hot economy with more efficient and productive processes in place. This bundle will introduce you to a range of project management methodologies, from Agile to PMP, to help you institute positive changes in your business.

Get The Premium 2021 Project & Quality Management Certification Bundle for $20 (reg. $4,400) for a limited time.

The 2021 Complete All-in-One Adobe Creative Cloud Suite Certification Course Bundle

The 2021 Complete All-in-One Adobe Creative Cloud Suite Certification Course Bundle

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Got a creative streak? Indulge it! This extensive bundle covers the entire Adobe Creative Cloud, teaching you how to edit photos with Photoshop, become a graphic designer with Illustrator and XD, edit videos with Premiere Pro, and much more.

Get The 2021 Complete All-in-One Adobe Creative Cloud Suite Certification Course Bundle for $20 (reg. $2,400) for a limited time.

The Complete Mobile & App Development Bundle

The Complete Mobile & App Development Bundle

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Got a brilliant app idea? Learn how to bring it to life with this nine-course bundle. You’ll get an introduction to building apps for iOS 14 using Swift 5, learn how to build apps for Android 11, get up to speed on Java programming fundamentals, and more.

Get The Complete Mobile & App Development Bundle for $20 (reg. $1,791) for a limited time.

The Create Your Own T-Shirt Side Business Bundle

The Create Your Own T-Shirt Side Business Bundle

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You know a great T-shirt idea when you see (or say) one. If you have a tendency to say “that should be on a T-shirt” after saying something out loud, you might just want to start a T-shirt side business. This extensive bundle will teach you everything you need to know, from printing shirts to packaging.

Get The Create Your Own T-Shirt Side Business Bundle for $20 (reg. $1,393) for a limited time.

The Cryptocurrency with Ethereum & Solidity Blockchain Developer Bundle

The Cryptocurrency with Ethereum & Solidity Blockchain Developer Bundle

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Take a deep dive into one of today’s most exciting, innovative technologies. Across six courses, you’ll learn how to build web apps that run on a blockchain using Solidity, launch an Initial Coin Offering (ICO), and even build a decentralized exchange.

Get The Cryptocurrency with Ethereum & Solidity Blockchain Developer Bundle for $20 (reg. $1,200) for a limited time.

Prices subject to change.

Get The Professional Microsoft Excel Certification Training Bundle for $20 (reg. $1,600) for a limited time.

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/qjaGMTjjFy4/375040

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