E92 Manik Bhat: From Medicine to Mission with Healthify

Join us as Manik Bhat, the visionary behind Healthify, shares his remarkable journey from medicine to tech entrepreneurship, driven by a mission to improve health outcomes through social services. With a background in philosophy, health care, and a knack for innovation, Manik has made significant strides in integrating technology with social welfare. Healthify is a platform that connects families to essential social services, aiming to reduce health disparities by addressing root causes.In this episode, Manik takes us through the inception, growth, and eventual sale of Healthify. He discusses the intricacies of managing a mission-driven startup in the complex healthcare landscape, offering valuable lessons on navigating cultural dynamics within a company, and the strategic decisions that shaped Healthify's trajectory. Whether you're fascinated by the intersection of technology and social good, an aspiring entrepreneur, or someone interested in the personal stories behind business success, Manik's narrative is a deep dive into creativity, resilience, and the impact of thoughtful leadership.🔑 KEY HIGHLIGHTSHEALTHIFY: REVOLUTIONIZING ACCESS TO SOCIAL SERVICES Manik introduces Healthify, which connects families to social services to improve health outcomes by addressing social determinants of health through a platform sold to enterprise clients like health plans and systems.NAVIGATING CO-FOUNDERS AND CULTUREInsights into managing a team of four co-founders (technically five, including the first engineer), emphasizing low ego, clear roles, and transparent communication. He discusses how equity splits were clear from the start to prevent conflicts.INNOVATION IN HEALTH CAREDiscover how Manik used his philosophical perspective and community health experience to innovate within health care, focusing on solutions that integrate social services for better health outcomes, emphasizing transparency and accountability in service delivery.RESILIENCE THROUGH PERSONAL STRUGGLESManik shares his journey with mental health, including how psychedelics helped him achieve personal growth and balance in business leadership, highlighting the significance of mental well-being in entrepreneurship.IMPACT OVER REVENUE: THE DECISION TO DECLINE AN EARLY EXITManik recounts the decision to reject an early acquisition offer, underlining the commitment to Healthify's mission and his personal growth over immediate financial gain, despite the company's precarious financial situation at the time.ACTIONABLE ADVICE FOR ENTREPRENEURSManik provides guidance on maintaining focus amid capital influx, the importance of product-market fit, and cultural practices like mission recitation to align team culture with company goals. He also warns about the pitfalls of raising too much capital too soon.RESOURCES & LINKSLearn More About Healthify: www.wellsky.comConnect with Manik on LinkedIn: www.linkedin.com/in/manik-bhat-43933a25/Podcast Website: foundersecretspod.com🔔 FOLLOW US ON SOCIAL MEDIAInstagram: @foundersecretspodTikTok: @foundersecretsTwitter: @founder_secretsLinkedIn: Founder Secrets Podcast🎧 LISTEN TO THE PODCASTApple Podcasts: tinyurl.com/4h59tyerSpotify: tinyurl.com/4wjb26v8⚡ SPONSORED BY DASHSimplify your success with Dash! From CRM management to social media, bookkeeping, and more, Dash provides top-tier remote talent solutions so you can focus on growing your business. Learn more: hirewithdash.com🔔 DON’T FORGET TO SUBSCRIBE!Enjoyed this episode? LIKE, COMMENT, and SUBSCRIBE for more inspiring conversations with world-changing founders.