In the spring of 2016, 37-year-old Owen Tripp is realizing his Silicon Valley dream. His Grand Rounds company raised $100 million and was valued at $1 billion. But one day he suddenly found that his right ear was not hearing well. Dissatisfied with the experts recommended by private doctors, Tripp found an MRI doctor through his co-founded Grand Rounds, which diagnosed with schwannomas. He faces two paths in treatment: choosing between listening for, or keeping a normal facial expression. Because of career considerations, he finally gave up his right ear hearing, and this will also let Tripp remember this experience forever, and the direction that Grand Rounds will continue to work hard - to provide patients with the best choice. Entrepreneurial ideas born from disappointment In 2011, Tripp's co-founder, Stanford University radiologist Rusty Hofmann, thought of this entrepreneurial idea from "disappointment." Many patients sent medical records and information, and Hofmann, who hopes to diagnose vascular embolism professionally, can help. But many times he can't help with some illnesses, and the necessary materials are often missing from the mail. He wondered why there is no business that specifically classifies patients for medical professionals. After his own son suffered from aplastic anemia requiring a bone marrow transplant, Hofmann found a top expert with his resources in the circle and let his son successfully undergo surgery. Hofmann said that in all aspects of life, he can feel the lack of doctor resources to bring pain to patients. "My son is cured, but what about those fathers who are not doctors? Someone must change this situation." He later founded Reputation. Comp's Tripp met, and the two turned the idea into a company. Grand Rounds' initial product is to provide a second diagnosis for patients with serious illnesses such as cancer or for major surgery. They were surprised to find out from the first 150 cases that Grand Rounds doctors would deny the initial diagnosis or give a new treatment plan in two-thirds of the cases, and most of them were wrong with the newly diagnosed doctor. Starting with improved treatment, matching with doctors and patients It is estimated that the number of deaths caused by medical errors in the United States is between 100,000 and 400,000 per year, and most of the errors are diagnosed or treated. A 2012 study showed that one-third of the US medical budget (about 750 billion at the time) was wasted on ineffective medical processes. Thirty years ago, it was common for health insurers to apply for a second diagnosis before a patient underwent major surgery. The company's name "Grand Rounds" comes from the ancient medical practice that this complex case was first exchanged by multiple doctors. Their initial idea was to reduce the error rate in medical treatment. But investors at Grand Rounds saw a bigger opportunity for the company to improve treatment. Bryan Roberts, a well-known investor from Venrock Ventures, believes that the better use of Grand Rounds is to help patients find the right doctor. A few years ago, he began recommending the services of Grand Rounds to entrepreneurs under Venrock. Within a few months, several people sent out "thanks to you that the company was recommended, my father was saved".
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