Podcasts about incentone

Michael is an entrepreneur, speaker, lawyer and founder/author of The Lonely Entrepreneur. Michael is considered the founder of not only a company, but an industry – rewarding individuals for healthy behavior. Michael left a promising law career to start IncentOne, the first company to provide rewards for healthy behavior. At the time, rewards in healthcare were not only non-existent – they were offensive. He was told over and over “we will never reward people for things they should be doing to be healthy.” After bootstrapping for a decade, his company received a large private equity investment on October 15, 2008. Then the financial crisis hit. Ten years were gone in ten days. Bankrupt customers. Investment gone. Credit dead. Family dollars at risk. Angry investors. Family relationships on the brink. It would take two years of working 24 hours a day to save what took ten years to build. The perfect storm. It was doomed. Or was it? Today, health rewards are everywhere, he sold IncentOne to industry innovator Welltok and his company is credited with creating the health rewards industry. What resulted was not only a business success, but the discovery of a unique method on how to thrive under the pressure, chaos and burden of being the entrepreneur. The Lonely Entrepreneur was born. Show Links https://twitter.com/michaelgdermer https://lonelyentrepreneur.com/ Book Links (Aff) The Lonely Entrepreneur - https://amzn.to/39vlpfg Show Sponsor (25% Off Code: SUCCESS) https://getmr.com/ Talking Points 00:00 - Michael Dermer, Founder of The Lonely Entrepreneur 00:55 - Career pivot, from law to founder. 04:27 - Early retirement… what’s next? 06:18 - Early entrepreneurial lessons. 12:13 - Thinking like an entrepreneur. 15:35 - How to get your first few customers. 19:27 - Four traits of successful entrepreneurs.

"The difference between success and failure is your perspective." Even with great ideas and passion, it's difficult to navigate the murky waters of entrepreneurship. Our guest, Michael Dermer, is an entrepreneur, lawyer, speaker, coach, author, and founder of The Lonely Entrepreneur – a one stop shop that understands the entrepreneur’s struggle and provides solutions to the business and personal issues we all face as entrepreneurs.Michael founded his first company, Incent One, in 1998. It was a pioneer in the health rewards industry, and Michael survived the harrowing experience of watching the company he built from the ground up almost get destroyed overnight by the financial crisis of 2008. Fortunately, there’s a happy ending to this startup story - Michael sold IncentOne in 2013. Whew and Woo Hoo!Today, Michael’s mission is to help unlock the potential of entrepreneurs worldwide by turning their passion into success through The Lonely Entrepreneur Learning Community. Click the play button to hear Michael's best advice to help you find success along your startup journey.Please visit https://lonelyentrepreneur.com/ to learn more, and be sure to follow Michael and TLE via:LinkedIn: https://www.linkedin.com/in/michaeldermer/Twitter: https://twitter.com/thelonelyeInstagram: https://www.instagram.com/the_lonely_entrepreneur/Facebook: https://www.facebook.com/TheLonelyEntrepreneur1/If you’d like to receive an alert whenever I post a new episode, please follow the Startup Life Show wherever you listen to podcasts, including: Stitcher, Spotify or Apple/Google Podcasts… and let’s connect on social media! You’ll always find me hanging out at my favorite social media bar – Twitter! https://twitter.com/AndeLyonsDo you have a startup story you’d like to share on the Startup Life Show podcast? Please reach out to me via email – ande@andelyons.com. You'll find tons of curated DIY startup advice on my YouTube Channel Andelicious Advice: https://www.youtube.com/user/AndeliciousAdvice and please subscribe to my bi-monthly newsletter, Let’s Stick Together -> http://bit.ly/AndeliciousNewsletterDo you need a pitch deck reviewed? I've raised millions from VC and thousands from Angels... and I'm a co-host of a monthly pitch event in Boston. I can make sure your deck is ready for investors and a pitch event. Click this link to learn more: http://bit.ly/PitchDeckAuditDo you need an “Urgent Care for Startup Founders” coaching session? You can schedule me by the minute here: https://provider.magnifi.io/andelyonsListeners - thank you so much for tuning in - I am genuinely grateful for your time and presence. Stay strong, stay focused – and please remember – you’ve got this – Cheers!Ande ♥

In this episode, Christina Martini and Michael Dermer discuss: The foundation days of The Lonely Entrepreneur. The power of perspective on your success. Important skills to develop as an entrepreneur. What Michael would tell his younger self. Key Takeaways: The journey and the story is everything. Being an entrepreneur is not a job, it’s an identity. Emotional intelligence is incredibly important to develop. Everybody needs a release. “Think about the premise of being an entrepreneur. The premise of being an entrepreneur is that you’re going to do something new and unique, and you’re not going to have capital, and you’re not going to have resources. So what that means is you have to go about it a different way, and that becomes a skill.” —  Michael Dermer About Michael Dermer: Michael Dermer is an entrepreneur, speaker, lawyer and founder/author of The Lonely Entrepreneur. Michael is considered the founder of not only a company, but an industry – rewarding individuals for healthy behavior. Michael left a promising law career to start IncentOne, the first company to provide rewards for healthy behavior.  At the time, rewards in healthcare were not only non-existent – they were offensive.  He was told over and over “we will never reward people for things they should be doing to be healthy.”   After bootstrapping for a decade, his company received a large private equity investment on October 15, 2008. They had arrived. It should have been a time for celebration. Then the financial crisis hit. Ten years were gone in ten days. Bankrupt customers. Investment gone. Credit dead. Family dollars at risk. Angry investors. Family relationships on the brink. It would take two years of working 24 hours a day to save what took ten years to build.  The perfect storm.   It was doomed. Or was it? Today, health rewards are everywhere, he sold IncentOne to industry innovator Welltok and his company is credited with creating the health rewards industry. What resulted was not only a business success, but the discovery of a unique method on how to thrive under the pressure, chaos and burden of being the entrepreneur. The Lonely Entrepreneur was born.   Connect with Michael Dermer: Twitter: (https://twitter.com/thelonelye) Facebook: (https://www.facebook.com/TheLonelyEntrepreneur1/) Website: (https://lonelyentrepreneur.com/) Book: (https://www.amazon.com/Lonely-Entrepreneur-Difference-Between-Perspective/dp/0997623993?ie=UTF8&keywords=the+lonely+entrepreneur&qid=1465421381&ref_=sr_1_1&sr=8-1) Instagram: (https://www.instagram.com/the_lonely_entrepreneur/) YouTube: (https://www.youtube.com/channel/UCPHTWnTgIremq1qvcoqkh8A) LinkedIn: (https://www.linkedin.com/company/the-lonely-entrepreneur/) Connect with Christina Martini: Twitter: (https://twitter.com/TinaMartini10?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) Website: (http://www.paradigmshiftshow.com/) LinkedIn: (https://www.linkedin.com/in/christinamartini) Email: christinamartini.paradigmshift@gmail.com Show notes by Podcastologist: Chelsea Taylor-Sturkie Audio production by (https://www.turnkeypodcast.com/) You’re the expert. Your podcast will prove it. 

From Lawyer to the Lonely Entrepreneur- An Interview with Michael Dermer – Part 1 of a 2 Part Series   In this episode, Christina Martini and Michael Dermer discuss: Michael’s personal background, his decision to go to law school, and his professional and personal journey. What he learned as an M&A attorney in New York. The beginning stages of IncentOne and his entrepreneurial journey. The efforts and fortitude of the IncentOne team to keep the company alive during and after the financial crisis. Key Takeaways: The 2008 financial crisis was transformative for all companies and redefined the business paradigm. Innovation, determination, and focus are key ingredients to a successful business, especially at key inflection points. The importance of aligning your skillset and talent with making a positive impact in the world. “It was never about being recognized as anything. If you feel like you have a vision and you feel like you execute on that vision, hopefully with clarity and true belief and passion, what they say later doesn’t really matter.” —  Michael Dermer About Michael Dermer: Michael Dermer is an entrepreneur, speaker, lawyer and founder/author of The Lonely Entrepreneur. Michael is considered the founder of not only a company, but an industry – rewarding individuals for healthy behavior. Michael left a promising law career to start IncentOne, the first company to provide rewards for healthy behavior.  At the time, rewards in healthcare were not only non-existent – they were offensive.  He was told over and over “we will never reward people for things they should be doing to be healthy.”   After bootstrapping for a decade, his company received a large private equity investment on October 15, 2008. They had arrived. It should have been a time for celebration. Then the financial crisis hit. Ten years were gone in ten days. Bankrupt customers. Investment gone. Credit dead. Family dollars at risk. Angry investors. Family relationships on the brink. It would take two years of working 24 hours a day to save what took ten years to build.  The perfect storm.   It was doomed. Or was it? Today, health rewards are everywhere, he sold IncentOne to industry innovator Welltok and his company is credited with creating the health rewards industry. What resulted was not only a business success, but the discovery of a unique method on how to thrive under the pressure, chaos and burden of being the entrepreneur. The Lonely Entrepreneur was born. Connect with Michael Dermer: Twitter: (https://twitter.com/thelonelye) Facebook: (https://www.facebook.com/TheLonelyEntrepreneur1/) Website: (https://lonelyentrepreneur.com/) Book: (https://www.amazon.com/Lonely-Entrepreneur-Difference-Between-Perspective/dp/0997623993?ie=UTF8&keywords=the+lonely+entrepreneur&qid=1465421381&ref_=sr_1_1&sr=8-1) Instagram: (https://www.instagram.com/the_lonely_entrepreneur/) YouTube: (https://www.youtube.com/channel/UCPHTWnTgIremq1qvcoqkh8A) LinkedIn: (https://www.linkedin.com/company/the-lonely-entrepreneur/) Connect with Christina Martini: Twitter: (https://twitter.com/TinaMartini10?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) Website: (http://www.paradigmshiftshow.com/) LinkedIn: (https://www.linkedin.com/in/christinamartini) Email: christinamartini.paradigmshift@gmail.com Show notes by Podcastologist: Chelsea Taylor-Sturkie Audio production by (https://www.turnkeypodcast.com/) You’re the expert. Your podcast will prove it.   

The process of commercializing an innovation in a completely new category requires an approach that is entirely different to incremental innovations. When you’re trying to innovate in such a space, how do you get the messaging and positioning right? Why do you have to put a lot of time and effort into your sales strategy? What core capabilities does an innovator need to have in order to succeed? On this episode, I’m joined by healthcare rewards pioneer, IncentOne and The Lonely Entrepreneur founder, Michael Dermer who talks about building the first healthcare rewards company, and his insights for innovators.   3 Things You'll Learn How to move a market that’s slow to change How to rise above the noise Why focusing on product isn’t good enough   Influencing a slow and clunky industry like healthcare can be an immense challenge because you’re trying to turn a huge tide. A lot can be learned from the story of IncentOne, and how they were able to succeed at a time most healthcare organizations find the idea of rewarding people offensive. The secret is positioning and messaging, and more specifically coming up with a central theme that people can connect to, and playing in an area where only you can win, a space where no one else is. You have to marry the clarity of your vision with what it takes to actually get business.  

Michael Dermer is an entrepreneur who is considered the founder of not only a company, but also an industry. He has been featured in Forbes, MSNBC and The Huffington Post. Michael left his job as a New York corporate attorney to fulfill his entrepreneurial spirit when he started IncentOne, the first company to provide financial rewards for healthy behavior. Michael sold his company in 2013 and is considered a pioneer of the health rewards industry. Michael is now a professional speaker, consultant, and coach for start-up businesses and entrepreneurs. He graduated from the Northwestern University School of Law and lives in New York City. Show Notes: -Everyone else uses incentives. Why not health-care? -What compelled Michael to leave his career as a successful mergers and acquisitions attorney for an uncertain future as a start-up founder? -Against all odds. The story and struggle to build IncentOne. -Accidental discovery of a 30min power nap. -How Michael's story and lessons learned can help physicians. -Dealing with self-doubt. Wondering whether the long path is worth it (medical training and entrepreneurship). Feeling alone and isolated. Overcoming a crisis. -Leading a team with strained resources and an unclear future. How can his lessons relate to managing a medical practice? Wining against competition. Surviving the financial crisis. -”Being under pressure is NOT a normal state.” Recognizing, embracing and using pressure. -”Don't evaluate your life in the middle of a fight.”. -IncentOne used powerful data analytics on patient/consumer behavior. This included systems, tactics and incentives to move people towards better health decisions. What insights and advice can Michael provide you when you are struggling to move your patients towards better behaviors (e.g. smoking cessation, weight loss, etc.)? -David and Goliath: Beating the big insurance companies! Michael's struggles with large companies and insurance payers. How small guys can still win. -You can create leverage. How Michael used creativity to uncover his leverage. How to use leverage to win. -Core competence and focus. Evaluating your strengths and delegating to your team. -Embracing what you don't know and being cautious of your own “ego of accomplishment.” -Am I ready to open my own solo practice? I have what it takes to be a good physician but do I have what it takes to be a good entrepreneur? -The Doctor Innovator. Do you have an idea? Michael's advice to you. -Opportunities for innovation today. -Your personal brand is more important today than ever. -Michael's daily habits and routines that fuel his success. -Michael's thoughts on the changing health care environment. His thoughts for the future and consolidation in the health-care space. -”The Lonely Entrepreneur.” How Michael can help you. Links from this Episode: http://innovations.clevelandclinic.org/ http://welltok.com/ www.lonelyentrepreneur.com Learn more about Michael Dermer: www.lonelyentrepreneur.com http://www.forbes.com/sites/johnnosta/2014/04/09/be-healthy-and-get-rewarded-incentives-driving-engagement-in-health-and-wellness/#5a9393067142 http://www.huffingtonpost.com/michael-dermer/be-healthy-and-be-rewarde_b_7890980.html http://www.msnbc.com/your-business/watch/winning-in-as-competitive-market-738760771683

Segment 1: Kevin Kelly is Senior Maverick at Wired Magazine. He co-founded Wired in 1993, and served as its Executive Editor until 1999. He is editor and publisher of the Cool Tools website, which gets half a million unique visitors a month. He is the author of the book “THE INEVITABLE: Understanding the 12 Technological Forces That Will Shape Our Future”.Segment 2: Michael Dermer is considered the founder of not only a company, but an industry. Michael left his job as a New York corporate attorney to fulfill his entrepreneurial spirit when he started IncentOne, the first company to provide rewards for healthy behavior. He sold this company in 2013, and now he's on a mission to help lonely entrepreneurs.Segment 3: Dave Davenport founded MotherG in 2006 with the belief that no business should accept inferior technology when it is so critical to effective business operations. Under Dave's leadership, MotherG has been recognized as an Inc. 5000 Fastest Growing Business for several consecutive years, and has also been awarded the No. 1 Best Place to Work in Illinois.Segment 4:Barry Moltz shares how to get your business unstuck.Segment 5: Lorne Epstein is a Brooklyn native who has been in Talent Acquisition since 1996. He has interviewed thousands of people for jobs in Silicon Valley, New York City, Washington DC and many cities in between. His book, “You're Hired! Interview Skills to Get the Job”, has over a quarter of a million downloads world-wide.Sponsored by Nextiva and Sage Summit.

Wednesday 12/9/15 Michael Dermer, thought leader, speaker, entrepreneur and innovator in the rewards space and Founder of IncentOne, a top Twitter Influencer and Huffington Post Blogger, who currently serves as the Chief Incentive Officer at Welltok 'transforming the nation’s healthcare system from one of sickcare to optimized health' join us. For previous chat with Michael at the Population Health Alliance Forum, listen here & here.      

On the Wednesday, April 16th, 2014 broadcast at 1PM ET/10AM PT our special guest is Michael G. Dermer, the Chief Incentive Officer at Welltok.  The company notes: 'Welltok is a pioneer in health optimization that provides an integrated platform for payers, health systems, ACOs and other population health managers to help drive healthy consumer behaviors and increase healthcare value. At the core of Welltok's success is CaféWell, a Health Optimization Platform, which provides an engaging, rewarding way for consumers to take control of their physical, emotional and financial health.' Michael's mission is 'to continue to educate and advocate for healthcare incentives so that we can grow stronger and healthier as individuals, an economy and as a Nation.' The genesis of Welltok took form via it's predecessor company 'IncentOne'. When Michael Dermer originally formed IncentOne, he asked himself the following question: 'if the medical profession knows what we want each individual to do, and the savings it generates, couldn't we simply reward people for doing these things?” Wouldn't this solution pay for itself? If we applied this to all conditions, couldn't we fix the system?'   Today we'll hear more about the test of this theory in the marketplace and learn more about the role of incentives in shaping healthy personal choices.  Join us!    

A lack of trust in the use of patient health information and a general reluctance to share patient information with industry competitors are the biggest obstacles to an open exchange of patient health information, says Gary Austin, a healthcare industry consultant on corporate/product strategy and program management. In spite of these roadblocks, the health plans he's met with support a climate of value-based healthcare choices. Many plans have already invested millions to equip physicians with the capability for e-prescribing, and more will underwrite physicians in the use of electronic medical records in the next few years. He envisions that consumer "smart cards" loaded with patient health information will initially be introduced within individual health systems, and eventually be usable between systems. Austin, Linda Davis, a consultant to the Buyers Health Care Action Group (BHCAG) in Minnesota, Sue Lewis, senior vice president of health and productivity solutions at IncentOne, and Mark Xistris, director of provider relations and health information for The Alliance, examined how their respective organizations are using these four strategies to stay competitive in the fast-growing consumer-driven movement during a May 30, 2007 audio conference, Value-Driven Healthcare in Action: A Four-Pronged Approach to Meet Consumer Transparency, Quality and Access Demands.

A physician practice's measurements reporting efforts will flourish under a "physician champion" to lead the way, notes Linda Davis, a consultant to the Buyers Health Care Action Group (BHCAG) in Minnesota. Once a transparent reporting effort is underway, it can bring about significant cultural change and raise motivation levels in the naturally competitive provider environment, she adds. Aware of the automated vs. manual reporting methods in use, the BHCAG facilitates the reporting effort via its direct data submission process, which accepts data from practices in many formats. Gary Austin, a healthcare industry consultant on corporate/product strategy and program management, Davis, Sue Lewis, senior vice president of health and productivity solutions at IncentOne, and Mark Xistris, director of provider relations and health information for The Alliance, examined how their respective organizations are using these four strategies to stay competitive in the fast-growing consumer-driven movement during a May 30, 2007 audio conference, Value-Driven Healthcare in Action: A Four-Pronged Approach to Meet Consumer Transparency, Quality and Access Demands.

Rewarding members and employees for being savvy medical consumers and shopping is an increasing trend in healthcare, notes Sue Lewis, senior vice president of health and productivity solutions at IncentOne. Companies are leveraging the corporate Intranet, meetings and health fairs to spread the word on incentives to their populations. She has also observed that companies offering consumer-directed health plans are in the best position tax-wise to extend benefits to dependents and retirees. Gary Austin, a healthcare industry consultant on corporate/product strategy and program management, Linda Davis, a consultant to the Buyers Health Care Action Group (BHCAG) in Minnesota,Lewis, and Mark Xistris, director of provider relations and health information for The Alliance, examined how their respective organizations are using these four strategies to stay competitive in the fast-growing consumer-driven movement during a May 30, 2007 audio conference, Value-Driven Healthcare in Action: A Four-Pronged Approach to Meet Consumer Transparency, Quality and Access Demands.

Until patient satisfaction ratings can be evidenced to be linked to outcomes, they should not factor into a provider's quality ratings, says Mark Xistris, director of provider relations and health information for The Alliance, an employer-owned and directed not-for-profit cooperative that helps companies manage the total cost of ensuring the health and well-being of their workforce. His organization, recently named a community leader by the U.S. Department of Health and Human Services, believes that providers and payors have legitimate concerns about releasing cost information to consumers, who may misinterpret the data without proper guidelines. Gary Austin, a healthcare industry consultant on corporate/product strategy and program management, Linda Davis, a consultant to the Buyers Health Care Action Group (BHCAG) in Minnesota, Sue Lewis, senior vice president of health and productivity solutions at IncentOne, and Xistris, examined how their respective organizations are using these four strategies to stay competitive in the fast-growing consumer-driven movement during a May 30, 2007 audio conference, Value-Driven Healthcare in Action: A Four-Pronged Approach to Meet Consumer Transparency, Quality and Access Demands.