Today's Entrepreneur: Sachin Jain
No. 1 Mistake: Believing they need to have all the answers all the time
Today's Entrepreneur is Sachin Jain, Founder and CEO of Carrum Health. Carrum Health is transforming the way healthcare is purchased, consumed and delivered with an innovative marketplace solution. Their platform directly connects self-insured employers to high-quality, cost-efficient care providers, dramatically reducing the cost of healthcare procedures while delivering higher care quality and superior choices for employees.
Jain is a successful entrepreneur and passionate about redefining healthcare experience for patients, especially in their moment of need. Prior to founding Carrum, Sachin was a part of the North America Health Practice of Booz & Company.
Carrum Health self-categorizes in Healthcare marketplace and Healthtech.
Here's a little about Jain:
Achievements (products built, personal awards won):
Part of the team that built the first of its kind digital video software equipped with artificial intelligence that made automatic video editing a reality – the product was awarded the ‘Most Innovative Product/Service’ among more than 300 entries in Singapore’s prestigious National Infocomm Award.
What are the top three lessons you've learned as an entrepreneur?
• Don’t just focus on ‘what’ you’re building, but ‘why’ you’re building it – need to have a sense of purpose otherwise it doesn’t take long before you run out of gas
• Journey is as important as the destination - enjoy the company of fellow travelers and have fun along the way
• Tactically speaking, make sure the product does not get ahead of commercialization and vice versa. I learned this the hard way. My first startup was right out of undergrad. I was part of a terrific team of five engineers and researches and we started a company called Muvee Technologies that offered an automatic video editing software. We nailed the product but in our early days we faced challenges in commercializing the offering. The reason was that we were far ahead in product development and the commercialization efforts didn’t keep pace. In hindsight, we would have been better off, building an MVP, refining it based on early adopters’ feedback and in parallel identifying the scalable commercialization path, before doubling down on the product direction. We did course correction down the line.
Learning this lesson has served me well and at Carrum this is exactly how we are making sure our product development and commercialization activities stay in sync.
Sachin Jain is a successful entrepreneur and passionate about redefining healthcare experience for patients, especially in their moment of need. He founded Carrum Health with the mission to “Match Human Need with Medical Excellence”. Carrum does this by partnering with self-insured employers and their employees and connecting them directly with Center of Excellence (COE) providers using Carrum’s unique Bundled Payment platform. Prior to founding Carrum, Sachin was a part of the North America Health Practice of Booz & Company. Sachin earned a B.Tech. in Computer Science from the Indian Institute of Technology, Delhi and an MBA from the University of Chicago.
Carrum Health will compete live on stage at Splash Health on Feb. 23 at Kaiser Center, Oakland. Register here.
*Want to be included in our Today's Entrepreneur series? Email me: mitos@vator.tv
Mitos Suson
I produce Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and loving every moment of it!
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Carrum Health
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Healthcare is unreasonably complex and costly. At Carrum Health, we’re applying a common sense approach to simplify the payment model and produce greater value for employers and their employees. We do so by directly connecting progressive self-insured employers to top-quality regional healthcare providers through the industry’s first comprehensive bundled payment solution. Our innovative platform reimagines how care is paid for and delivered, improving the value of health benefits for employers and their members.
Good for employers. Even better for members. No tradeoffs.
Carrum’s solution is a “win” for all parties, a rarity in healthcare:
- Employers achieve significant cost savings and predictability without risk or hassle.
- Members receive top-quality care and a concierge experience for zero out-of-pocket costs so they can focus on recovery instead of medical bills.
- Providers gain streamlined administration allowing them to do what they do best – deliver expert care.
For more information about Carrum Health, please contact info@carrumhealth.com.
Sachin Jain
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Sachin Jain is a successful entrepreneur and passionate about redefining healthcare experience for patients, especially in their moment of need. Prior to founding Carrum, Sachin was a part of the North America Health Practice of Booz & Company.