From Blue Oceans to Hooray Health with Shane Foss
With over 20 years of tenure as an executive in the medical industry, Shane Foss became frustrated with how under-served Americans were with the current healthcare options. He set out to make a change and in 2018 achieved this goal through launching Hooray Health, an unconventional health insurance company dedicated to providing affordable basic and urgent health care alternatives to high-deductible health plans.
Through Hooray Health, Foss and his team focus on offering peace of mind to lower-income individuals and families who face medical challenges, while also providing business owners with an affordable way to reward and retain employees. Partnering with companies like Sedera, Ameritas, and Aflac, they have been able to add critical services and supplemental plans giving immense value to employers and individuals.
Throughout his professional experience, Foss has negotiated complex, multi-million-dollar contracts, worked in device sales management, created business strategies, and optimized P&L. He holds an MBA from Rice University’s, Jone’s School of Business, a BS from the University of the Incarnate Word, and a Surgical Technologist Certificate from the United States Air Force.
Here in Episode #125, Shane starts our show with a mindset centered on leveraging failures into future successes. Shane shares details on the path that led him into the world of healthcare insurance and benefits. He connects the foundations of Hooray Health with Blue Ocean Strategies. Shane encourages us to challenge the current norms across the healthcare industry and to have the courage to carry the changes through to the end. He shares the ins and outs of starting a healthcare insurance company. He highlights the lessons learned from his biggest failure and success as CEO of Hooray Health. Shane shares his tops leadership strategies, as well as the impact his biggest mentor has left on him. He highlights consolidation and legislation as the two biggest risks lingering over healthcare; and how technology will continue to drive future industry transformations and provides insights on how Hooray Health uses technology to add value to its clients.