Telehealth is certainly a complex and evolving industry, especially over the past few months. Due to COVID-19, now more than ever, elite clinical teams are being sought out by both domestic and international patients for expert advice on treatment for serious diagnoses. With their Case Management Cloud platform, InfiniteMD has the ability to connect consumers from around the world with the best physicians in the United States by providing virtual second opinions. The technology enables institutions to white-label and launch their own second opinion programs to serve patients both domestically and internationally. The platform allows for true 360-degree multidisciplinary collaboration among various levels of clinicians and subspecialists as a case moves from intake to summarization, review and final rendering of a virtual opinion. Also in InfiniteMD’s platform, multi-stakeholder access for medically trained interpreters and translators to participate in consultations is available on a case-by-case basis which extends access to diverse, multilingual populations that would otherwise face barriers in understanding their healthcare options.
With over 2,400 specialists on their platform providing second opinion expertise delivered virtually to patients, they are seeing better patient outcomes, during this current climate and, in their opinion, for the long term. Babak Movassaghi, MSc, PhD, MBA, CEO and Co-founder of InfiniteMD, discusses the journey of the company and what lead InfiniteMD to becoming a leader in the telehealth industry.
Interview Questions:
Q1: Experience - Can you tell us about your previous experiences and entrepreneurial journey that led you to start InfiniteMD?
Q2: Vision - Can you share your original vision for InfiniteMD and how the company has pivoted along the way?
Q3: Launch - Can you tell us about the launch and some of the early wins?
Q4: Partnerships - Can you provide an overview of the partnerships and other successful initiatives that made InfiniteMD a leader in the telehealth space?
Q5: Competition - What separates InfiniteMD from other telehealth companies? what are some key distinguishing features?
Q6: Series A - When did you complete your Series A funding? Who participated? how it was used to grow the company?
Q7: Team - Who are other key members of the InfiniteMD team and what roles do they play?
Q8: Future - What are the future plans for InfiniteMD?
Listen to "9/19/2020" by Edwin Warfield
Babak Movassaghi Profile:
Babak Movassaghi, MS, PhD, MBA, is a visionary entrepreneur and executive leader with successes spanning international business development, operational transformation, high-performance team building, product innovation, and investment valuation. Babak is the Founder and CEO of InfiniteMD.
Prior to founding InfiniteMD, Babak was the VP of Innovation and New Ventures for Flex, a global leader in design, engineering, and manufacturing with $26B annual revenue and more than 200,000 employees. Babak was also the GM of the Flex Boston Innovation Center where he operated a $12M annual P&L with a strong focus on digital health, robotics, AI, micro-fluids, and smart fabrics. Babak was also responsible for the Flex corporate venture arm, evaluating and funding mid-stage technology and IP-driven startups on the East Coast.
Babak is an award-winning technological innovator, managing product development from ideation to global commercialization, yielding multimillion-dollar results for companies such as Philips Healthcare where he worked for over 8 years. During this time, Babak was awarded the innovation prize and recognized as the Top 2% of talent within the company, being promoted to the Philips Leadership Program for High-Potentials. Babak is the inventor/co-inventor of over 40 patents and is a recognized authority within the tech industry who has addressed international and domestic conferences as a keynote speaker, with 3 published books and 40+ peer-reviewed journal articles.
Babak was also the COO of 2nd.MD, one of the leading medical second opinion tele-health companies in the US, where he was responsible for the clinical and IT operations. Babak was also the CEO and co-founder of Metro Sleep Laboratories, a premier research and commercial sleep laboratory, that he successfully exited (2010).
Babak also was a professional football player in the NFL and NFL Europe where he won the World Bowl (1999) and former Team Captain of the German National team, with whom he won the European Championship several times. For his efforts, Babak was awarded the Silver Needle of Honor by the mayor of his hometown, city of Hamburg.
Babak holds a PhD in Biomedical Engineering from Utrecht University, a Masters in theoretical Physics from the University of Dusseldorf, and an MBA from Massachusetts Institute of Technology.
News from InfiniteMD:
- InfiniteMD's 200% Surge; Insights into Lasting Telehealth Adoption
- ConsumerMedical Closes Strategic Equity Investment in InfiniteMD
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If you're interested in a citybiz CEO Interview, please contact Edwin Warfield - edwin.warfield@citybuzz.co
