Digital Health Heavyweights
This conversational podcast brings you exclusive interviews with all the Heavyweights in Digital Health. Hosted by Norm Volsky, a top industry headhunter, whose team helped scale companies including Livongo, Hinge Health, Lyra, Virta, Progyny and many more. This series will bring listeners insights into the latest trends, technologies, and strategies driving the digital health revolution.
In each episode, Norm sits down with some of the most influential and innovative leaders in healthcare technology today from legendary founders who have built successful companies, venture capitalists who have led funding rounds, HR/Benefits leaders at forward thinking companies, Consultants and Brokers at the top benefits consulting firms, and other impactful visionaries challenging the status quo in healthcare. Listeners can learn from the industry greats who have created what we now know as health benefits, and who are changing the face of healthcare as we know it.
Whether you're a healthcare professional, a tech enthusiast, a start-up founder, benefits aficionado, jobseeker in Digital Health, or simply curious about the future of healthcare, Digital Health Heavyweights has something for you.
Digital Health Heavyweights
Episode 46 - Ed Likovich, CEO & Dr. Bob Mirksy, CMO at Nymbl Science
Summary
In this episode of the Digital Health Heavyweights podcast, Norm Volsky interviews Ed Likovich, CEO and founder of Nymbl Science, and Dr. Bob Mirsky, Chief Medical Officer at Nymbl. Nymbl is a scientifically proven fall prevention program for Medicare Advantage members. Ed Likovich shares that his inspiration for founding Nymbl came from his grandfather's fall-related death and the impact it had on his family. Dr. Mirsky explains how Nymbl helps elderly patients stay independent and active by retraining their balance reflex. They discuss the importance of addressing balance and other age-related issues early on to prevent falls and improve overall well-being. Nymbl's personalized program combines exercise, cognitive challenges, and medical education to engage older adults and reduce falls. They also discuss the changing vendor space in digital health, with a shift towards at-risk payment models based on real ROI. Nymbl has a high adoption rate among older adults and can engage them effectively by meeting them where they are and providing valuable information. They have conducted the world's largest fall prevention study and found that they can prevent about 20% of injurious falls. Nymbl's actuarial model, developed with the help of Dr. Bob, has helped them guarantee outcomes and differentiate themselves in the fall prevention space. The challenges they have faced include the time and capital required to gather evidence and gain the attention of health plans.
Takeaways
🔬 Nymbl Science is a scientifically proven fall prevention program for Medicare Advantage members.
💔 The inspiration for founding Nymbl came from Ed Likovich’s grandfather's fall-related death and the impact it had on his family.
🏃♂️ Nymbl helps elderly patients stay independent and active by retraining their balance reflex.
🛡️ Addressing balance and other age-related issues early on is crucial to prevent falls and improve overall well-being.
💪 Nymbl's personalized program combines exercise, cognitive challenges, and medical education to engage older adults and reduce falls.
📉 The vendor space in digital health is shifting towards at-risk payment models based on real ROI. Nymbl has a high adoption rate among older adults and engages them effectively by meeting them where they are and providing valuable information.
🌍 They have conducted the world's largest fall prevention study and can prevent about 20% of injurious falls.
📊 Nymbl's actuarial model, developed with the help of Dr. Bob, has helped them guarantee outcomes and differentiate themselves in the fall prevention space.
⏳💰 The challenges they have faced include the time and capital required to gather evidence and gain the attention of health plans.
Chapters
00:00 Introduction to Nymbl Science and Guests
02:24 Inspiration to Enter Healthcare and Found Nymbl Science
07:02 Nymbl’s Mission and Impact on Elderly Patients
10:12 Proactive Measures to Prevent Falls in Middle-Aged and Older Adults
14:50 Nymbl’s Target Market and Strategy
21:50 The Changing Vendor Space in Digital Health
23:17 Fall Prevention and Health Outcomes
24:20 Misconceptions about Treating Older Adults
27:05 Challenges and Successes in the Healthcare Industry
31:20 Identifying Risk Levels and Delivering Interventions
32:40 Advice for Founders and Clinicians
36:00 The Crucial Traits for Founder Success
36:54 Personal Wellness Practices for a Healthy Lifestyle
41:37 Outro
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