Andy Schoonover - CEO & Founder of CrowdHealth | Why Healthcare Is Broken

Success Story with Scott D. Clary

Success Story Media

How To, Business, Education, Self-improvement

4.6 • 326 Ratings

🗓️ 16 May 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory ➡️ Join 321,000 people who read my free weekly newsletter: https://newsletter.scottdclary.com ➡️ About The GuestAndy Schoonover is an accomplished entrepreneur and business leader with a distinguished career that began after earning a BS in Commerce from the McIntire School at the University of Virginia. At Host Marriott Corporation, now known as Host Hotels & Resorts (NYSE: HST), Andy honed his skills in Treasury, Asset Management, and Acquisition and Development, overseeing transactions valued at approximately $1.5 billion. Andy’s career trajectory shifted when he attended Stanford Business School, where the entrepreneurial spirit took hold. Passing on opportunities at tech giants like Google and Facebook, Andy, along with his business school roommate Chris Hendriksen, founded Blue Canyon Capital in September 2006. The firm acquired Valued Relationships, Inc. (VRI) in Dayton, Ohio, where Andy served as CEO, driving a fourfold growth in revenues and leading to a successful sale to Pamlico Capital in 2014, yielding a gross return of approximately 9x. ➡️ Show Linkshttps://www.instagram.com/joincrowdhealth/https://twitter.com/SchoonoverAndy/https://www.linkedin.com/in/andy-schoonover-6261557/ ➡️ Podcast SponsorsHubspot - https://hubspot.com/ Imperfect Action Podcast - https://stephtaylor.co/imperfect-action-podcast/ NetSuite — https://netsuite.com/scottclary/DeleteMe - https://joindeleteme.com/success (Code: success)BELAY - https://belaysolutions.com1Password - https://1password.com/claryIndeed - https://indeed.com/claryHeaven Hill - https://heavenhilldistillery.com/hh-bottled-in-bond.phpEufy - https://eufyofficial.com/videolockPolicygenius - https://www.policygenius.comNeurohacker - https://neurohacker.com/successpod (Code: successpod) ➡️ Talking Points00:00 - Introduction02:40 - Andy’s Journey05:10 - US Healthcare Woes08:23 - Finance Transparency Issues11:59 - Creating a New Category20:39 - CrowdHealth Criteria22:25 - Building CrowdHealth: Andy’s Vision25:56 - Sponsor: Imperfect Action Podcast26:40 - Hiring Insights32:10 - Marketing the Unknown35:35 - Scaling New Ideas38:55 - CrowdHealth’s Edge40:42 - The Most Influential Person in Andy’s Life41:30 - Connect with Andy43:00 - Personal Challenges43:45 - The Most Impactful Person in Andy’s Life44:48 - Book/Podcast Picks45:27 - Advice to Younger Self46:28 - Defining Success

Transcript

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0:00.0	At Parker, our purpose is simple.
0:02.6	We want to make the world a better place,
0:05.2	by working more efficiently, by using more sustainable practices,
0:09.7	by developing better technologies.
0:12.0	We keep moving forward.
0:14.3	With each new idea, innovation, and partnership, we're one step closer to fulfilling our purpose
0:20.9	every single day. To find out more, visit Parker.com
0:25.1	slash Purpose.
0:27.0	Parker engineering your success.
0:30.0	You have the buyer of health care, the health insurance plans wanting health care costs to increase.
0:36.0	You have the seller of health, big hospital systems.
0:39.0	Clearly they want the price to go up because they want their profits to go up.
0:42.0	It doesn't take a brain surgeon to figure out why
0:44.5	health care goss go up. An incorrect assumption that insurance is guaranteed, that insurance
0:50.9	is safe because it's an entrance institution that has been there forever.
0:55.6	One out of every six health care claims are denied.
0:59.2	So there seems to be a false sense of security with insurance.
1:02.6	You've got these massive deductibles
1:04.9	that you have to pay before the health insurance plan
1:07.0	pays a dollar.
1:07.7	What we will ask you to do is you pay the first 500 bucks.
1:11.0	And then everything else we're going to submit to the crowd for funding.
	...

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