Shane Foss is the founder and CEO of Hooray Health, a limited benefit medical plan provider focused on providing practical health care plans and protecting their members against predatory balanced billing practices. We talk about the main stages of a business life cycle, how to avoid the predatory balance billing trap, and the main drivers of the medical debt crisis.
 
Time Stamps
[00:41] Shane’s entrepreneurial journey
[02:16] The Darkside of healthcare in the US
[04:49] Understanding the main stages of a business lifecycle 
[08:12] How to measure the main phases of a business lifecycle
[11:55] The right time to scale your business
[12:34] Key elements of the business testing phase
[13:47] How Hooray Health stands out as a health insurance provider
[18:45] Why Hooray Health is not a replacement for major medical
[20:13] Gen X and Millennials love for supplemental health benefits
[21:54] How to avoid the predatory balance billing trap
[24:10] Explaining the meaning of balance billing in health insurance
[26:15] How heath care providers tackle the medical debt crisis
[29:32] Growth drivers in a health insurance firm like Hooray Health
[31:31] Parting thoughts
 
Links and Resources
Steve’s and Greg Cleary’s New Book: Pinnacle: Five Principles that Take Your Business to the Top of the Mountain
Hoorayhealth.com
Shane’s LinkedIn
https://StevePreda.com