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No. 1 Mistake: Doing too many of the wrong things
Today's Entrepreneur is Pablo Abad-Monterola, Founder and CEO of Müvr Labs. Müvr is developing a digital platform to improve healthcare for patients undergoing knee replacements. Müvr's breakthrough wearable tracker measures key recovery metrics while a companion mobile app coaches and motivates the patient. Using a web-based dashboard, care providers can remotely monitor patients and customize therapy while simultaneously reducing healthcare costs. With Müvr, patients will see better outcomes and enjoy a quicker recovery that is personalized and designed to help them succeed.
Abad-Manterola is an entrepreneur passionate about using internet technologies to improve healthcare. He studied engineering at Stanford, Caltech, and JPL. He has extensive experience in electrical design, firmware, mobile development, and quickly prototyping IoT devices.
Here's a little about Abad-Manterola:
Companies I work or worked for: Exponent - Failure Analysis Associates
Achievements (products built, personal awards won):
As a graduate student, I received a grant from the National Science Foundation, which gave me the freedom to take a defunct and unfunded robot off a dust-covered shelf from the Jet Propulsion Laboratory. I revived the robot and modified it to rappel off cliffs and traverse rocky terrain, which garnered the attention of Slashdot and eventually attracted the funding the robot needed to continue as an ongoing research project that will hopefully one day be sent to Mars.
My favorite startups: Slack, Instagram, Lyft
What's most frustrating and rewarding about entrepreneurship/innovation?
Being a founder means being adept at multitasking between building, fundraising, recruiting, networking, accounting, and a never-ending flux of activities. Having so many different balls to juggle, entrepreneurship can be frustrating when you don’t get to spend more time on the one thing that ignited your desire to found a company in the first place. What sparked my passion to become an entrepreneur, and the most rewarding aspect of what I do, is when I show my product to new users and hear them say that they love what I’ve created.
The number one mistake entrepreneurs make is doing too many of the wrong things. As a founder, you have to say no, a lot. At the early stage, you have to laser in your focus on the two things that matter: product and growth.
1) Prioritization is critical. Set up daily short-term goals for yourself and always keep an eye on the larger longer-term goals.
2) Don’t make excuses. If there’s an obstacle in your path, you can go over, under, around, or straight through it. You are not allowed to make an excuse about what you can’t do any of those things.
3) Leverage your network. Building a community of friends and colleagues is crucial to success. If you do this well, you’ll always have someone there to support you when you need it most.
Pablo completed his BS in mechanical engineering at Stanford. He then went to Caltech to pursue his Masters and PhD in robotics/dynamics as a NSF fellow. At Exponent, he worked as a scientific consultant, conducting testing for large clients and testifying as an expert witness. He co-owns two patents and has intimate knowledge of the digital health space. He has deep expertise in both hardware and software, and he is passionate about bringing new technologies to healthcare. Pablo is the founder and CEO of Müvr Labs, a digital health startup, and he can often be found soldering circuits and programming in his home workshop.
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Nearly 1 million knee replacements will be performed in 2015 alone, growing at a rate of 8.2% per year. However, almost 20% of patients remain dissatisfied with the procedure, and 33% are dissatisfied with rehab. Optimal outcomes are not reached due to unrealistic expectations, low physical therapy compliance, and unknown effectiveness of at-home therapy protocols. Healthcare payers are missing a significant opportunity to reduce expenses (> $1,200 per patient) by avoiding costs associated with beneficial preoperative therapy. In addition, under a new model announced by Medicare (CCJR), hospitals will bear financial responsibility for the overall episode of care and will be incentivized to submit outcomes measurements and achieve minimum quality scores. There is an unmet need to increase satisfaction, improve outcomes, and reduce costs by empowering patients to actively participate in their own treatment.
Müvr is developing a digital platform to improve healthcare for patients undergoing knee replacements. Müvr's breakthrough wearable tracker measures key recovery metrics while a companion mobile app coaches and motivates the patient. Using a web-based dashboard, care providers can remotely monitor patients and customize therapy while simultaneously reducing healthcare costs. With Müvr, patients will see better outcomes and enjoy a quicker recovery that is personalized and designed to help them succeed.
Joined Vator onPablo is an entrepreneur passionate about using internet technologies to improve healthcare. He studied engineering at Stanford, Caltech, and JPL. He is the founder of Müvr, a digital health startup working to improve healthcare for post-op patients.