Startup Lessons w/ Charles Gellman, CEO & Co-Founder of HiDO Health

Full Episode Description

About the Guest(s): Charles Gellman is the CEO and co-founder of Hido Health, an innovative startup committed to streamlining the patient journey and reducing healthcare costs. With a firm foundation laid by NIH-funded research conducted alongside institutions like Stanford and Rushia University, Gelman has channeled his expertise into the development of AI-assisted in-home robotics. These advancements are particularly aimed at serving patients with annual medical expenses over $100,000. Having undertaken leadership roles at prominent companies like Johnson & Johnson and Microsoft, Gellman's vast experience has been pivotal in architecting the healthcare solutions of tomorrow. In addition to his hands-on entrepreneurial endeavors, he actively shares insights through his newsletter, "The Future of Care." Episode Summary: In this riveting episode of "Growing Your Business with People," host Jeff Lackey welcomes Charles Gellman, the visionary CEO behind Hido Health. Gelman brings a personal touch to the conversation, recounting a healthcare misdiagnosis that ignited his passion for reforming patient care. This exchange delves deep into the revolutionary sphere of AI-assisted in-home robotics that Gellman's company specializes in, which promises to transform patient adherence to medication regimens and drastically cut healthcare costs. Hido Health strides toward a future where complex care management is seamless and autonomous. Through the integration of AI and robotics, Gellman illustrates how patients, particularly those at high-cost care levels, can gain more control over their health outcomes. The conversation touches upon the stark difference between the sterile confines of a medical environment and the reality of patients' homes, spotlighting why an in-home solution is critical for sustainable healthcare. Key Takeaways: Hido Health is pioneering the use of AI-assisted in-home robotics to simplify the patient care journey and reduce healthcare costs. The company targets high-expense patients, who represent a significant percentage of the total healthcare cost structure. Patient adherence to medication is a central issue, with an estimated impact of $300 billion per year on the U.S. economy. Charles Gellman shares a compelling personal story which propelled his commitment to transforming healthcare delivery. Hido Health's technology, through conditioning and repetition, enables even dementia patients to manage their medication independently. Notable Quotes: "So what we've done with Hyo is essentially ensure people can take care of themselves without being dependent on the assistance of others." - Charles Gellman "Patients with dementia can take medications unassisted with a device that helps them because it can retain that information knowledge for them, so they can care for themselves with independence and freedom." - Charles Gellman "Forty cents of every single employer dollar on a health plan is due to managing 1% of your employees." - Charles Gellman