Hospitals, health systems, physician practices and healthcare organizations are experiencing increasingly complex revenue cycles, working with government and private payers as well as patients to collect.
If you haven't already, please study our Bootstrapping Course and Investor Introductions page. Here is Ingenious Med Founder Steve Liu's early story from 2014. Yet another instance of a very successful company being built in the bootstrapping using a paycheck mode. Harris Novum acquired Ingenious Med in 2021. Sramana Mitra: Let's start at the beginning of your story. Where are you from? Where were you born and raised, and in what kind of circumstances? Steve Liu: I was born in the United States. I was born in DC and lived in Virginia my whole life. My parents were immigrants but not your typical immigrants. My father came to UVA for his undergraduate studies. I grew up pretty typical with Asian parents. I'm sure you know what I'm talking about. Sramana Mitra: Tiger mom and all that? Steve Liu: Yes. There's this clique of first-generation kids who have their culture and who are also trying to fit into America with their friends. I think you
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The financial challenges of running a health system, hospital or healthcare practice never seem to abate. Instead of getting a break as the pandemic transitions to an endemic problem and volumes normalize, healthcare financial leaders are instead facing the new challenge of inflation.