Meet Stephen McHale, founder of Explorys
, an innovation spinoff from Cleveland Clinic
that provides the healthcare industry with a secure, cloud-based analytics platform that leverages big data for clinical integration, predictive analytics, and business intelligence. Its platform enables the country’s leading provider organizations to more effectively leverage their data to improve care quality, patient satisfaction, and deliver value-based care.
Since its inception, the Explorys platform has been adopted by 19 major integrated healthcare systems with 226 billion data elements, 38.5 million unique cared-for-lives, 310 hospitals, and 220,000 providers who collectively deliver $55 billion in care annually. The Explorys team of 130 employees is made up of some of the best and brightest from technology and healthcare.
How did you come to be an entrepreneur?
I did not like the job offers out of college and realized there was an emerging discipline around process-enabled technology that I could build a business around.
What is the single largest challenge in managing healthcare data?
Protecting it. It’s very important and something Explorys takes very seriously.
What is big data?
Big Data is High Velocity, Variability and Volume.
Why is Explorys’ Enterprise Performance Management the best?
It focuses on the full continuum of care and looks for opportunities to improve delivery.
What was the highlight for your business in 2013?
Explorys repeatedly wins awards for being the coolest tech workplace.
What makes your workplace so cool?
We empower our team to make decisions and solve really hard problems. They love that.
What is the biggest struggle or hurdle you had to overcome and how did you overcome it?
The biggest struggle was learning the ins and outs of Healthcare. It’s a very complicated industry.
What has been your most memorable “a-ha” moment so far?
Healthcare reform is in the first inning.
If you could go back in time and give your 10-year-old self advice, what would it be?
Be direct. Tell the truth and don’t candy coat things.
What advice would you give to entrepreneurs in starting their businesses?
Same as the advice to my 10-year-old self.