Health Podcast Library
Episode 432

EP432: The Knifepoint Intersection of Margin and Mission and the Peril of Cutting Clinical "Waste," With Kate Wolin, ScD

Mar 28, 2024
38:18

Episode Description

Almost no digital health delivery solution providers measure outcomes of any kind — which raises an uncomfortable question: how do you know if the "waste" you're cutting to hit margin targets is actually waste at all? Kate Wolin, ScD, a behavioral epidemiologist who bootstrapped a digital health start-up to profitability before selling it to Anthem, joins Stacey Richter to talk about the knifepoint where margin and mission meet — and why the things that look most cuttable in the name of efficiency (slow conversations, relationship-building, trust) are often exactly what makes a clinical model work in the first place.

WHAT YOU'LL LEARN

✅ Why efficiency without a clear outcome in mind is efficient toward nothing — and why so few healthcare delivery solutions actually measure whether they're achieving anything

✅ Why the things that read as "waste" on a spreadsheet — time spent building trust, engaging patients, assessing risk — are often the load-bearing parts of a clinical model that works

✅ Why founders and investors being genuinely aligned on the pace of growth is essential, and what happens to clinical quality when they aren't

✅ Why clinical leadership and a team dynamic that allows for innovation — without sacrificing clinical soundness — has to be built in deliberately, not left to chance

✅ Why measuring what actually matters, and communicating it in a way that inspires a mission-driven culture, is what lets a team scale without losing what made it work

WHY THIS MATTERS

Every healthcare business eventually hits the same tension: the pressure to scale, cut costs, and satisfy investors runs headlong into the slow, relational, hard-to-measure work that actually produces good outcomes. Cutting the wrong things in the name of efficiency doesn't just risk patient outcomes; it risks the business model itself, since a solution that stops working stops being worth paying for. Dr. Wolin's advice — align founders and investors, protect clinical leadership's ability to innovate soundly, and measure what actually matters — is a practical checklist for anyone trying to keep margin and mission from cutting each other's throats.

MENTIONED IN THIS EPISODE

Encore! EP361 with Carly Eckert, MD, PhD(c), MPH: Apple Podcasts | Spotify | Other Apps

EP297 with Jerry Durham: Apple Podcasts | Spotify | Other Apps

EP427 with Rik Renard: Apple Podcasts | Spotify | Other Apps

EP421 with Jodilyn Owen: Apple Podcasts | Spotify | Other Apps

=== LINKS ===

🔗 Show Notes with all mentioned links: Episode Page

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00:00 Introduction.

06:24 Irrespective of money, what works in clinical care and population healthcare?

09:51 Encore! EP361 with Carly Eckert, MD, PhD(c), MPH.

10:26 Why is creating a gathering place and sense of community important in clinical care?

12:46 "Sometimes, we make this about the clinical provider. It always makes me think about the rest of the people in an ecosystem that create trust."

13:49 EP297 with Jerry Durham.

14:11 Where can things go wrong when we start to think about the margin in respect to the clinical care that works?

16:47 EP427 with Rik Renard.

19:35 "We're actually very unspecific in what we're trying to achieve a lot of times in these digital health programs."

24:00 "Are you aligned as a founder, as a business with your investors on the pace of growth and what is feasible … ?"

25:30 Why is Dr. Wolin optimistic about achieving growth and still providing value?

28:17 Why is it important to ask why something is being done?

30:39 EP421 with Jodilyn Owen.

34:35 How are people motivated, and how can you use that to reduce turnover?

35:21 Why measuring what matters and communicating that is important.

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