Eric Lefkofsky is Interviewed by Bloomberg

Eric Lefkofsky is a renowned entrepreneur. He is innovative therefore he tries to develop a suitable solution to various challenges he encounters in the organizations serves. This approach towards his leadership roles in the companies led to a partnership with Brad whom they established Tempus. The company is a technology-based firm that has created one of the world’s largest libraries that produces data on molecular information as well as an operating system to ensure that the data is accessible for patients, medical practitioners and researchers. The management believes that with the right data as well as information, cancer research can be accelerated to introduce a new era of precision medicine including how data is utilized to optimize treatment.

Breaking the Interview down

In an interview with Bloomberg, Eric Lefkofsky discusses the onset of his career including his decision to venture into the foundation of Tempus. He reiterates the value of having this organization in the healthcare industry. The company has also developed a viable operating system to improve the connection of anatomic as well as molecular data with clinical information from medical systems across the country. As he continues to explain, Tempus compiles a broad spectrum of information that allows doctors to establish informed treatment for patients. For instance, a combination of chemotherapy as well as radiation may be adjusted for a patient if they have a historic result with similar medical conditions based on their genetics.

Eric Lefkofsky’s Diversification of Portfolio

Eric Lefkofksy is a proud entrepreneur who boasts of establishing more than four companies since he ventured into investment. He has additionally guided the operations of the companies by providing impeccable policies for them to be successful. Being a holder of a bachelor’s degree from the University of Michigan, Lefkofsky is also a revered business leader who has held leadership positions in multiple companies. In his tenure, he transformed the firms into exemplary organizations that contributed to the betterment of other people’s lives. Lefkofsky is also an admired team leader and a philanthropist who vastly supports charity. Moreover, he has diversified his portfolio by partnering with multiple companies to delve into various fields including investment and banking.

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The Rise in Medical Care Cost by Eric Lefkofsky

Health care costs in the U.S. have escalated due to patients requiring intensive and expensive medical care. A rise in population and aging are also other factors affecting the costs as demand for health care services prevails. However, mitigation of some diseases has resulted in less need of frequent medical services and thus lowering annual spending.

According to Gerard Anderson, a researcher at Bloomberg School of Public Health, prices of medical care directly results into higher spending. Looking at different diseases, though, there are several factors that lead to individual increase. For diabetes alone, it has the greatest increase in medical care costs, with $64 billion spent yearly. This rise has been facilitated by aging, population growth and high costs of pharmaceuticals along with prevalence of the disease.

Despite best efforts to reduce spending, inpatient care costs have still plummeted even with short hospital stays. Outpatient care for all diseases has also risen as some patients avoid hospitalization. However, the value purchased for the care and pharmaceuticals cannot be justified.

Born in 1969, Eric Lefkofsky is the CEO and co-founder of Tempus – a technology company that provides personalized cancer information by storing clinical and molecular data. He holds a bachelor’s degree in law from University of Michigan. As a businessman, he has co-founded other ventures including Echo Global Logistics, InnerWorkings and Lightbank serving in different roles.

After venturing into business, Eric Lefkofsky commenced a teaching career in Michigan area. Currently, he is an adjunct professor at Chicago University School of Business teaching entrepreneurship and technology-based courses. Eric has also published a book that details how business is affected by technology, titled Accelerated Disruption. He and his wife started Lefkofsky Foundation in 2006. The foundation serves as a charitable trust and supports scientific and educational organizations around the world. With its main focus on children, the foundation has funded over 50 organizations.