From his early days growing up in India to his present day as CEO of Merger Tech Nitin Khanna has always focused on the essential and key elements of his success: innovation, philanthropy, creativity and entrepreneurship. When recently asked why he became an entrepreneur Nitin Khanna quickly answered by outlining the events which led to his current success. Nitin Khanna was born in 1971 in India.
Family of Entrepreneurs
Nitin Khanna credits much of his success as an entrepreneur as having come from the his family’s influence as entrepreneurs. Nitin Khanna was able to take part in many of his family’s entrepreneurial plans at an early age. Even before he left India to pursue his degrees in Industrial Engineering, he learned alot about how entrepreneurs plan and execute their ideas for a successful business from his family.
Move to United States and Education
His Father was an Army man, while his family was primarily made of entrepreneurs. He was exposed to the life of the entrepreneur from within his family. However he came to the United States to purse degrees in industrial engineering at Purdue University. While he obtained his undergraduate degrees he left Purdue Ph.D. program in Robotics in order to immerse himself in a business with his brother who had come over from India to join him.
Big Plans and Execution
Just as he had learned form his family and his Uncles to plan big so Nitin Khanna and his brother began their own software business. Saber Software grew tremendously from 1999-2009, until he sold Saber Software. DUring Saber Software’s growth he and his brother had developed a prototype and first interations of election software, which later went on to help government official win 21 States in the elections. After seeing the success that arose from their early efforts Nitin Khanna an his brother set their sights higher and executed another set of bold plans to develop software to help the other government agencies needing communication between citizens and their government: child care, child support, DMV systems, retirement systems.
Nitin Khanna and his brother sold Saber Software and Nitin Khanna turned his attention and his proclivity for execution into a new venture. While he began doing some Angel Investing he also became interested in helping young entrepreneurs develop their Mobile Technology Upstarts and this led to his founding Merger Tech, which had its sole purpose of assisting Mobile Technology startups develop into their full potential.
In 2018, Talkspace, an online therapy startup, hired a Chief Medical Officer to join its team. Neil Leibowitz joined the startup from UnitedHealth after getting to know the product and team led by CEO Oren Frank. He was initially hesitant because the company represented something new. However, now that he understands the company better and the solution it is offering the world through the online space, he is fully supportive and ready to execute its vision. Check out talkspace .com to learn more about Oren Frank’s presentation.
With Neil Leibowitz on board,Talkspace CEO Oren Fran says the company can now start prescribing medicines using the app which recently hit the 1 million users mark. The company offers two services: a $49 messaging service with a mental health professional and a $79 weekly service for verbally talking to a therapist via video. Because the current workforce is highly susceptible to depression which affects their productivity, more employers are tapping into services offered by Talkspace. Data shows most employees prefer the messaging service and growth has been witnessed in sales from this service. With the new Chief Medical Officer on board, the business side of things for the five-year-old business is expected to grow. The company which makes millions of dollars is looking to tap more business from employers. Consequently, Oren Frank says the company is thinking of issuing an IPO to enhance its expansion.
Oren Frank is a great advocate of using the online space to provide solutions to everyday problems. His Twitter handle is filled with information on mental health. On more than one occasion, he has highlighted the global healthcare epidemic and its impact on every sphere of life. Depression and anxiety are currently affecting more than 1 billion people worldwide. Consequently, he continues to call on the World Health Organization (WHO) and organizations like The Bill and Melinda Gates Foundation to answer the call of the epidemic. Through his Twitter handle, Oren Frank also draws attention to services offered by Talkspace and highlights the company’s impact. Read more: https://www.talkspace.com/blog/author/oren-frank/
InnovaCare Health isa thriving health company due to a robust leadership team. At one time, the company had declining sales and profits. When Rick Shinto took over the company as CEO, he made multiple changes to how the company operated. Not only did he improve various processes, but he also focused on hiring the right employees.
Rick spent the first two decades of his career as a medical doctor. He worked hard to get through college and medical school. Although he had an excellent job in the medical field, he felt like he could make a more substantial impact by focusing on management.
Rick decided to go back to school to earn an MBA. Few professionals have both a medical degree and an MBA. However,Rick was dedicated to improving his career and making a positive impact on others. After several years of working as a business executive, Rick was offered the opportunity to become CEO of InnovaCare Health. Although the company had financial problems, he knew that he had to take advantage of the opportunity.
Rick is a unique business executive. Instead of constantly focusing on profits, he focuses on hiring the right employees. His leadership style is in stark contrast to the vast majority of business leaders in the United States. Rick also encourages his employees to volunteer in the local community. Rick has made giving to others a central part of working at InnovaCare Health.
Penelope Kokkinides is another talented business executive who works at InnovaCare Health. She has decades of experience working in the healthcare industry. She is in charge of both human resources and operations at the company.
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Penelope has worked at InnovaCare Health for over a decade. When she started at the company, the employee turnover rate was one of the highest in the industry. She fought hard to expand benefits for all employees. She also helped employees get salary increases based on their past performances. Rick Shinto believes that Penelope is one of the most critical employees at the company. She writes online articles related to managing others, and she enjoys mentoring young students in her city.
Like many entrepreneurs, Oren Frank got his big idea while working in an entirely different profession, in Frank’s case advertising. Yet, despite earning a stint at the prestigious Istanbul firm, Mcann Erickson, Oren Frank willingly banked on his big idea, taking the swerve that eventually landed him in the mental health field.
Today, as CEO and founder of the widely used therapy site Talkspace, Oren Frank tweets regularly about topics germane to the therapy biz, drawing attention, for example, to Senator Bernie Sender’s positions on health care and the viewpoint, espoused by the “Economist,” that “strong welfare states are crucial for capitalism.” Watch Oren Frank on Youtube to learn more.
Created as an online therapy venue for those requiring a less expensive and potentially less intrusive way to get quality mental health care, Talkspace took a monumental leap forward recently with the hiring of Chief Medical Advisor, Neil Leibowitz, formerly of United Healthcare. Already an ideal way for busy professionals and others to get their therapy their way and on their timetable, the hiring of Leibowitz by Oren Frank takes Talkspace to a new level.
As things stand, once matched with a uniquely suitable therapist, Talkspace patients gain access to a private online room where the can communicate with their care provider at their leisure, generally receiving input about twice daily and communicating via texting, video chats, audio chats and audio messaging. While the situation is already a great one for on the go patients, the installation of Leibowitz adds another plank to the bridge begun when Oren Frank created a partnership last year with Magellan Healthcare. The site, according to Frank, already generates tens of millions of dollars. However, with Leibowitz and Magellan onboard the goal is to create a pathway to prescriptions access and ultimately to see a large percentage of revenue come from corporate employers.
Private equity investor Wes Edens has moved in a big way into sports in recent years. He made a name for himself having co-founded Fortress Investment Group in 1998 where he led the effort to invest in promising privately held firms with compelling business plans. He has been a principal of this New York City-based firm ever since he co-founded it.
Wes Edens has been very involved in sports throughout his life. When he was a teenager he was a competitive skier. As an adult, he is engaged in climbing mountains and competitive horse jumping. This explains his keen interest in other sports such as football (soccer in the United States) and the National Basketball Association, two sports in which he is now a team owner.
The first professional sports team that Wes Edens became an owner of was the Milwaukee Bucks. He partnered with businessman Marc Lasry to buy this team in 2014 for the price of $550 million. The promised when they were buying the team to keep it in Milwaukee and additionally replace the very outdated BMO Harris Bradley Center. See more information about Wes Edens at wealthx.com
He fulfilled his promise and a new arena has been completed in Milwaukee in time for the 2018-2019 season. This arena is the new home of the Bucks and can also be used for many other purposes such as conventions and possibly hockey. The naming rights went to Fiserv so it is called the Fiserv Forum and can seat 17,500 people.
Wes Edens says that the Milwaukee Bucks can win despite not having won a championship since 1971. He is right as the team has gotten off to a great 11-4 start to the 2018 season and has shown a lot of promise on defense and offense.
More recently, Wes Edens also became a co-owner of the Alton Villa football team. This team had been financially trouble before he and Egyptian billionaire Nassef Sawiris stepped in to right the ship. The goal is to return this team to the Premier League where they played for many years before being unpromoted due to too many losses.