The Invisible Success Factors
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Transcript of The Invisible Success Factors
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved. PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
Sundeep Bhan
The Invisible Success Factors
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
Agenda
1. Me and Prognos2. The Practical - Why?3. How we are building Prognos4. Why the Culture Guide?5. Amazing people
a. Find them, motivate them, incent them, 6. Q&A
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
Mission: To improve health by tracking and predicting disease the earliest
● Healthcare AI leader in clinical diagnostics
● Prognos Registry - 5Bn Records on 100m patients across 35 disease areas
● Specialized in deep learning (500 algorithms) collecting and harmonizing clinical diagnostic data
Our comprehensive solutions help:
● Life Sciences brands identify patients in need of therapy the earliest
● Diagnostics companies improve performance and outcomes
● Payers close gaps in care and improve and measure quality
SnapshotPrognos is:
Financing
• Series B - $15M• Series A - $7M• Seed $750K
Dx Data Access
ClientsKey Stats
ARC, Esther Dyson
• 140+ Labs• High Volume Labs• Specialized Labs
2014 2015 2016*
Conditions 7 26 53
Pharma 9 15 30
Payers 0 0 3
Technology
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
Prognos Business Overview
Quality Improvement and Risk Management
CareAlertsRiskAlerts
Strategic partnershipsMarket Intelligence
800+ Brands$2B Market
Patient Acquisition and Physician Profiling
TriggerProfilerTracker
Life Sciences
Prognos Registry (5B Records for 100m patients)
1000+ Payers$3.4B Market
Payers
6,000Labs (Highly Fragmented)
$2B Market
Diagnostics
Opal De-ID
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Customer Needs / Differentiation (no barriers to entry) / Bad leadership / Execution / Bad business model /
The Practical
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Startup Growth Charts
Change is constantFrom Paul Grahan - YCombinator
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
Building Prognos
Vision/Mission
Culture/Values
Products/Markets/Business Model
the invisible
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
When we first start in 2010...
1. Started with the founders2. It’s not perfect3. Scaling?4. Choices (not rules)
a. People, Investors, Clients, Partners,
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
Prognos Mission
Why?
Why? Improve health
How?Track and Predict (Leverage clinical data, analytics and AI)
What?Earliest prognosis
To improve health by tracking and predicting disease the earliest
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
Prognos Vision
Why?
Why? so that humanity reaches its full potential
How?Tracking and predicting and to help cure and prevent
What?To eradicate disease
“To eradicate disease so that humanity reaches its full potential”
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Dimensions of our Culture at Prognos1. We Live by our Values2. Prognos World Order3. Awesome Team with Amazing
People 4. Alignment and Autonomy
(context, not control, Accountability, Empowerment,)
5. My Growth and Development
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
Amazing People - Attract them
1. No recruiters2. The network (Linkedin)3. Mission based worked4. Filters
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Scorecard for Hiring - Objective Criteria
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Fit with values
Performance
Aligned
Unaligned
StrongWeak
Move &Develop
Grow & Promote
Manage Out
Wrong Hire,
Exit Fast
Prognos Performance / Values Matrix
Awesome team with amazing people
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Amazing People - Motivate them
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● Increase clinical diagnostic data to expand xxx● Sign XXXX
● Life Sci - $XXM in bookings● Payers - $XXM in bookings and $XXM in revenues● Deliver sustainable value to xxxxxxxxxx
● XX AI Projects in to enhance our info assets and create nextgen products
● XX% of xxx agreements with xxxxxx
Prognos 2017
Deliver value - to Payers, Life Sci, & Diagnostic2
Build - Long Term Value
Courageous & Honest Enthusiastic Focused Go Above &
BeyondCollaborative
Vision: To eradicate disease so that humanity reaches its full potential
Mission: To improve health by tracking and predicting disease the earliest
OUR VALUES
Curious
Drive - Data Growth 1
3
PROGNOS - CONFIDENTIAL AND PROPRIETARY, NOT INTENDED FOR FURTHER DISTRIBUTION. All Rights Reserved.
GET LUCKY
“Fortune favors the prepared mind” -- Louis Pasteur
"The more I prepare, the luckier I get." - Arnold Palmer