Healthcare in the United States is big business. The industry itself is worth an estimated $3 trillion, Pharmacy giant CVS is making moves to purchase Aetna health insurance company and Amazon has acquired pharmacy licenses in 12 states with more states on their radar.
With America spending nearly $10,000 per person on healthcare, and an overwhelming demand for medical innovations, it makes senses that investors would be jumping at the chance to get involved in the health tech industry. Except, up until very recently, the healthcare industry was avoided by the majority of investors and entrepreneurs.
Strict regulations, politics and misinformation have deterred potential shareholders from taking a risk on healthcare in the past. Recently, Initiatives have been launched to make the healthcare market more accessible to investors. Entrepreneurs who were previously fearful of entering an unexplored space have started to take the plunge. The recent moves by Amazon and CVS show that consumerization of healthcare could not only save lives but also result in unprecedented profits.
If anyone understands the true potential of the healthcare market, it’s Drew Madden. Drew Madden is an entrepreneur whose main focus is on the IT sector of healthcare. When Madden was president of Nordic Consulting Partners, a healthcare consulting firm, he grew the company from 10 employees to more than 700 employees. Drew Madden also managed to acquire over 100 new client partnerships. Nordic Consulting Partners made $1,000,000 annually at the start of Madden’s tenure, his passion and leadership skills increased that number to a staggering $130,000,000 in annual revenue. Nordic Consulting Partners was also awarded several KLAS awards for their impact on the quality of patient care through information technology.
Drew Madden’s strategy for success involves assembling a highly skilled team, creating a company that stands out in a crowd and appealing to potential partners who will promote growth.
Drew Madden attended University of Iowa College of Engineering where he obtained a B.S.E. in Industrial Engineering with a focus on Medical Systems. Before joining Nordic Consulting Partners, Drew was employed by Ingenix and the Center Corporation.