This episode features Cobi Gantz, CEO & Co-Founder at Chapter. Here, he discusses his background & what led him to found Chapter - a technology-driven Medicare advisor, what it takes to start a company, Medicare trends he is keeping an eye on, and more.
Summary
Cobi Gantz, CEO & Co-Founder at Chapter, Talks Medicare and Starting a Business
Cobi Gantz's Background and Inspiration for Founding Chapter
Cobi Gantz, founder and CEO of Chapter, started the company three years ago after his parents struggled with signing up for Medicare. With a degree in Business and Middle East History from the University of Pennsylvania and a Master's in Public Policy from Cambridge, Gantz worked at Palantir Technologies for seven years before founding Chapter, which is a technology-driven Medicare advisor.
Starting a Successful Business
Gantz advises that the best way to start a business is to identify a user problem and then tackle it one problem at a time. He also recommends having a long-term vision and using that as a frame for what steps to take in order to reach success. Having a co-founder is essential for building a successful business, as they provide support, align incentives, and act as a partner for the long-term.
Medicare Trends to Watch for
Chapter's focus is on Medicare navigation and enrollment for consumers. The company earns revenue from insurance carriers when someone enrolls in a Medicare plan through them. Two big trends that will influence Americans dealing with Medicare over the next couple of years according to Gantz are (1) CMS and Congress cracking down on harmful advertising and (2) more Medicare Advantage plans coming into the market with more competitive benefit profiles. Chapter is focused on continuing to build trust with customers and help them navigate this phase of life.
Chapter's Partnership with Healthcare Institutions to Provide Best Possible Medicare Guidance
Gantz emphasizes that Medicare Advantage was intended to reduce costs and improve care, but it's still too early to tell if it is actually successful. Chapter is focused on partnering with leading healthcare institutions to provide the best possible Medicare guidance to patients. This way, they can give patients a broad perspective on their options and help them make informed decisions.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 05/12/2023 and can be listened here.
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