Maven Clinic: A FemTech Unicorn - Ep.201

FemTech Focus

In this episode, Dr Brittany Barreto talks to Dr. Neel Shah, Chief Medical Officer at Maven Clinic. They discuss how Maven Clinic is reducing employer healthcare costs, the challenges in serving women in over 175 countries, and what the future is for this FemTech Unicorn.

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Guest bio

Dr. Neel Shah, MD, MPP, FACOG, is Chief Medical Officer of Maven Clinic, the largest virtual clinic for women's and family health, and Assistant Professor of Obstetrics, Gynecology and Reproductive Biology at Harvard Medical School. He is the co-founder of the March for Moms Association, a coalition of more than 20 leading organizations dedicated to increasing public and private investment in the wellbeing of mothers, and the founder of Costs of Care, an NGO that curates insights from clinicians and patients to help delivery systems provide better care. His work to build equitable, trustworthy systems of care is featured in the documentaries “Color of Care,” produced by Oprah Winfrey, and “Aftershock,” produced by Yance Ford. Dr. Shah serves on the advisory board of the National Institutes of Health, Office of Women's Health Research.

Company bio

Maven is the largest virtual clinic for women's and family health, offering continuous, holistic care for fertility and family building through maternity, parenting, pediatrics and menopause. Maven's award-winning digital programs are trusted by leading employers and health plans to reduce costs and drive better maternal health outcomes, as well as enhance DE&I in benefits programs. Founded in 2014 by CEO Kate Ryder, Maven has been recognized as Fast Company's #1 Most Innovative Health Company and has 15 million lives under management. Maven has raised $300 million in funding from leading investors including General Catalyst, Sequoia, Oak HC/FT, Dragoneer Investment Group and Lux Capital.

FemTech Focus Podcast bio

The FemTech Focus Podcast is brought to you by FemHealth Insights, the leader in Women’s Health market research and consulting. In this show, Dr. Brittany Barreto hosts meaningfully provocative conversations that bring FemTech experts - including doctors, scientists, inventors, and founders - on air to talk about the innovative technology, services, and products (collectively known as FemTech) that are improving women's health and wellness. Though many leaders in FemTech are women, this podcast is not specifically about female founders, nor is it geared toward a specifically female audience. The podcast gives our host, Dr. Brittany Barreto, and guests an engaging, friendly environment to learn about the past, present, and future of women’s health and wellness.

FemHealth Insights bio

Led by a team of analysts and advisors who specialize in female health, FemHealth Insights is a female health-specific market research and analysis firm, offering businesses in diverse industries unparalleled access to the comprehensive data and insights needed to illuminate areas of untapped potential in the nuanced women’s health market.

Time Stamps

[02:52] Dr. Neels Shah’s background

[04:27] Academics and Startups

[08:04] All about Maven Clinic

[18:38] Advice for founders thinking about business models

[10:50] How medical insurance works in the US

[22:28] Maternal care costs

[26:43] Challenges of serving women in 175+ countries

[28:36] Male usage of Maven

[32:18] Maven and Menopause

[36:12] Building Maven

[38:25] Focus V Marketplace

[39:48] Maven’s Exit Strategy

Resources

Maven Clinic

March for Moms

Costs of Care

The Color of Care

Aftershock

Call To Action!

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Sponsor Information

Today’s episode is sponsored by Guidea, a women-owned, women-led UX design consultancy that specializes in bringing FemTech innovations to life. This incredible team has extensive product and design strategy expertise in HealthTech and MedTech and is a trusted partner to 20 of the Fortune 100 companies. They’ve launched more than 300 products to date including the flagship products for seven unicorn-status start-ups.

Guidea is known for creating research-driven products and services that are engaging, useful, and easily integrated into patients' or customers’ lives and care providers’ workflows. Drawing on their deep knowledge of MedTech, IoT, wearables, population health insights, digital therapeutics, and healthcare software, they help founding teams prioritize opportunities and focus on key features for clinical studies or MVPs. The team also has extensive experience with regulated device approval and can help you both understand and plan for this rigorous testing and approval process. To learn more about Guidea and get to know their team, visit guidea.com.

Episode Contributors

Dr. Neel Shah

LinkedIn: @Neel Shah

Twitter: @neel_shah

Maven Clinic

Website: https://www.mavenclinic.com/

LinkedIn: @Maven Clinic

Twitter: @mavenclinic

Instagram: @mavenclinic

Dr Brittany Barreto

LinkedIn: https://www.linkedin.com/in/brittanybarreto/

Twitter: @DrBrittB

Instagram: @drbrittanybarreto

FemTech Focus Podcast

Website: https://femtechfocus.org/

LinkedIn: https://www.linkedin.com/company/femtechfocus

Twitter: @FemTech_Focus

Instagram: @femtechfocus

FemHealth Insights

Website: https://www.femhealthinsights.com/

LinkedIn: @FemHealth Insights