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The Exit - Presented By Flippa

Subjective, Objective, Assessment, and Plan with Steven Charlap

The Exit - Presented By Flippa

The Exit - Presented By Flippa

Technology

5.0420 Ratings

🗓️ 22 November 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

Today we are talking with Steven Charlap, co-founder and CEO of SOAP Health. Dr. Charlap hopes that using AI to gather medical information will transform how preventive medicine works. SOAP stands for the Subjective, Objective, Assessment, and Plan. Before SOAP Health, Dr. Charlap successfully started, ran, and sold Health Drive. It was a company he spent 20+ years at before his heart just wasn’t in it anymore. He initially thought he wouldn’t be able to sell because of the convoluted structure of the company, but through a good CFO, clean records and a savvy investment banker, an exit was made possible. -- The Exit - Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/

Transcript

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0:00.0

Hello and welcome to the Exit presented by Flippa, this is a 30 minute podcast featuring

0:15.8

amazing entrepreneurs who have been there and they have done it.

0:18.6

The Exit talks to operators who bought and sold businesses of all different sizes, you'll

0:22.8

learn how they did it, why they did it, and get exposure to the world of Exits.

0:26.7

It's a world occupied by a small few, but accessible to many.

0:31.0

Now in this episode, I sit down with Steven Charlap.

0:34.1

He is currently the CEO and co-founder of SOAP Health.

0:40.1

Now this is a phenomenal business that is going to transform how medicine works.

0:45.5

It's using AI-powered information gathering service that literally gives patients the

0:51.0

ability to report their data.

0:54.1

And it is a really interesting concept that doctors have fatigue.

0:59.4

They have these biases and people are more likely to share with these artificial intelligence,

1:08.0

human assistance, all these different types of raw information that they may be a little

1:12.8

embarrassed to share with the doctor, and it's a fascinating concept.

1:17.1

But in the interview, we go through the Exit that he went through with Health Drive.

1:22.4

It was an organization that became wildly profitable, and he ran it with his co-founder

1:27.6

for 20 years, 20 plus years, and they exited to a private equity firm using an eye banker,

1:34.0

and he walks us through the exact process that they went through.

1:38.0

It is a really great interview.

1:39.6

I had a lot of fun sitting down with Steven talking offline beforehand, just about living

1:45.4

in the Cambridge area at one point, and it's just a fantastic conversation.

1:50.2

So without further ado, let's jump right into my interview here with Steven Sharlap on

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