The Wacky World of Diabetes

From the mind of Diabetic Investor

Author: David Kliff

The first in a series of podcasts exploring the business side of diabetes
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Language: en

Genres: Business, Health & Fitness, Medicine

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Creating a Global Ecosystem of Meaningful Healthcare with Val Asbury
Episode 19
Wednesday, 29 September, 2021

At the end of the day what needs to be brought to the marketplace are solutions to problems that consumers face. Val Asbury, CEO of LifeScan, is on a mission to do just that. LifeScan is the maker of One Touch, and Val navigates all its business and operations, which operates around the world with more than 2,000 employees. Her background in nursing and extensive general management experience has been vital in playing a role in the success of her diverse range of leadership, along with an undying passion for ‘meaningful’ healthcare.Let’s get right into the episode and learn from Val how LifeScan is creating a global ecosystem to support meaningful healthcare. [00:01 - 02:18] Opening SegmentI introduce Val AsburyVal shares his background and storyNurse by training A passion for meaningful healthcare Journey into deep diabetes [02:19 - 14:01] Giving Patients the Ability to Customize Their WellnessVal explains the journey behind the start of competitive bidding What was meant to create choice limited itFrom a fortune 500 to a private equityThe slow processes of a fortune 500 More freedom to move quick under a private equity Keeping the mission front and center Val shares her thoughts on the new world of subscription models The evolution is the most important People are diverse, they should have optionsVal talks about the strategy behind her partnerships The goal is consultingGoing beyond just glucose management CGM coming soonBringing in industry leaders to tailor solutions Soon to launch: consumer portal [14:02 - 22:58] Creating a Global Ecosystem of Meaningful HealthcareHow LifeScan is overcoming the competition A focus on the core business Strategic partnerships with industry leadersA global vision Data from internal systems as well as partners Val talks about the differences in procedures in different countries LifeScan and insulin delivery The move into digital tools A surprising but needed evolution What patients wantAre we solving their problems?[22:59 - 25:32] Closing SegmentA change in payer priorities What’s next for Val LifeScan for the long termHow to connect with ValLinks below Final Words Tweetable Quotes:“If you run a responsible business and you do the right things to support the business, what I’m finding… is we have a lot more latitude and speed to be able to bring solutions into the marketplace.” - Val Asbury“We’ll have so much diversity of the data that we should be able to correlate and talk to people about their health and what combinations work well… and all make a meaningful difference overtime.” - Val Asbury Connect with Val by checking out https://www.lifescan.com/ and take action to support a life of...