Josh Makower

A Role for Entrepreneurs An Observation on Lowering Healthcare Costs via Technology Innovation

In many industries, entrepreneurs are asked to undergo a process called “frugal innovation.” This process supports advances in technology that drive own spending and improve results or leave them static. ikewise, in the healthcare system, there is a shift occuring calling for a reduction in spending. Key to this shift ill be implementation of innovative devices brought orward by entrepreneurs. Although technologymay add o costs in the near-term, most of the empirical analysis hows that the aggregate benefits vastly outweigh expenitures. However, several regulatory and perceptual chalenges exist that entrepreneurs will have to overcome.

Inspiration, perspiration, and execution: An innovator's perspective

Josh Makower, MD, is a General Partner at New Enterprise Associates, Consulting Professor of Medicine at Stanford University Medical School, Co-Founder of Stanfords Biodesign Innovation Program, and Founder and Executive Chairman of the medical device incubator, ExploraMed Development, LLC.

Inspiration, Perspiration, and Perseverance: An Innovator's Perspective

Abstract This chapter, entitled “Inspiration, Perspiration, and Perseverance: An Innovators Perspective,” is a call to action for aspiring inventors and entrepreneurs to follow their passion. It provides valuable guidance for health technology innovators, as well as true stories of successes, failures, and hard-earned lessons learned.