The Changing Landscape of Entrepreneurship and Health Care: A Discussion with Steve Wiggins
In an informal discussion with DMA member Frank Gallagher, healthcare industry entrepreneur and innovator Steve Wiggins will discuss his experience launching 7 start-ups in the 40 years since he first moved to Darien. One of his start-ups grew to rank among the Fortune 500 (Oxford Health Plans) and a recent one was sold in 2022 to CVS in a transaction valued at over $8 billion. His newest two ventures, based in Norwalk, are building technology that will power the next generation of how health care is paid for and financed. His businesses continue to be at the intersection of technology and healthcare, where he has spent his career.
Steve has served two U.S. Presidents in Healthcare Advisory Roles and has an informed perspective on broader issues facing the nation’s healthcare system. He and Frank look forward to exploring how starting businesses in 2024 differs from 1984, and how the evolution of technology has changed how we launch, fund, manage and evolve businesses in an era that has been re-defined by remote work, artificial intelligence, and the emergence of Web 3.0 business models.
Steve Wiggins is a Minnesota native who started his first enterprise, a non-profit organization, upon graduation from Macalester College in 1978. Accessible Space has since grown to have over 145 residential facilities in 16 states serving individuals with severe mobility impairments who require 24/7 support services. Steve moved to Darien in 1984 after graduating from Harvard Business School to take a job at a start-up investment firm called General Atlantic. He left General Atlantic to start Oxford Health Plans, which went public in 1992 and was sold to United Healthcare in 2004.
Steve was the co-founder of Health Partners, which built multi-specialty physician practices; and the co-founder of Intelliclaim, which built software used by healthcare payers. He was the founder and CEO of HealthMarket, a health insurance company serving small employers; and the Founder and CEO of Remedy Partners that built pioneering bundled payment programs for the federal Medicare program. All were sold to public companies. His latest two ventures, Oxbridge Health and OpenNetworks, are incubating in Norwalk, CT.
Speaker suggested and arranged by Frank Gallagher.