Ep288: Revolutionizing Healthcare with Crowd Health's Community-Powered Alternative

This episode is sponsored by: Set For Life

Set for Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at https://www.doctorpodcastnetwork.co/setforlife

________

Health insurance is a pain point for doctors and patients, with skyrocketing costs, denied claims, and endless red tape. In this episode, Dr. Mike Woo-Ming sits down with Andy Schoonover, founder and CEO of Crowd Health, a revolutionary platform that's flipping the script on healthcare. By leveraging crowdfunding and cash payments, Crowd Health eliminates the middleman, secures massive discounts, and fosters a community where members support each other's medical bills from routine visits to million-dollar emergencies.

Andy shares his journey from running a healthcare tech company to ditching insurance after a denied $8,000 claim for his daughter's ear surgery. He explains how Crowd Health's peer-to-peer model works, why it's a lifeline for cash-based physicians, and how it's saving members up to 50% compared to traditional insurance. Whether you're a physician tired of fighting insurers, an entrepreneur seeking better healthcare options, or simply curious about the future of medicine, this episode will inspire you to rethink how healthcare can work.

Tune in to discover real-world success stories, the benefits for independent practices, and why clinicians and entrepreneurs are flocking to Crowd Health to take back control of healthcare.

Three Actionable Takeaways:

1. Explore Cash-Based Care for Your Practice – Independent physicians can join Crowd Health's database at joincrowdhealth.com to attract cash-paying patients, reduce billing hassles, and get paid faster without insurance delays.

2. Consider Community Funding for Yourself – If you're uninsured or facing high deductibles, Crowd Health's $55/month per person plan (plus community contributions) offers a cost-effective alternative to traditional insurance—sign up anytime with no open enrollment.

3. Prioritize Metabolic Health for Savings – Crowd Health's longevity program incentivizes wellness with discounts for healthy metrics like low visceral fat or fasting insulin, helping you save on contributions while improving outcomes.

About the Show:

Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to break free from traditional healthcare careers and take control of their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show provides actionable insights on starting and scaling businesses, creating passive income, and navigating the evolving landscape of healthcare entrepreneurship.

Each episode features real-world advice from industry leaders, including physicians who have built thriving businesses, investors who have leveraged healthcare innovation, and experts in telemedicine, medical consulting, and digital health. Whether you're looking to start a telemedicine practice, create an online business, or explore non-clinical career options, Bootstrap MD delivers practical strategies to help you succeed.

Tune in weekly for inspiring interviews, deep dives into business models, and step-by-step guidance on turning your medical expertise into a profitable, fulfilling career—without sacrificing your well-being.

About the Guest:

Andy Schoonover is the founder and CEO of Crowd Health, a community-powered alternative to health insurance that uses crowdfunding to help members pay healthcare bills with cash, securing significant discounts. Previously, Andy led VRI, a healthcare tech company focused on remote patient monitoring for chronic conditions. A graduate of the University of Virginia and Stanford University's Graduate School of Business, Andy started Crowd Health in 2021 after personal frustrations with insurance denials, building a platform that now serves 10,000 members and supports independent physicians.

Crowd Health Website: https://www.joincrowdhealth.com/

LinkedIn: https://www.linkedin.com/in/andy-schoonover-6261557/

About the Host:

Through two decades of experience as a physician entrepreneur, Dr. Mike Woo-Ming has built and sold two seven-figure companies in the online marketing and lead software industry. He is also a physician practice owner, currently running multiple successful medical clinics. He founded BootstrapMD, a consultancy firm, to help empower physician entrepreneurs through live events, courses, and coaching. Dr. Mike is also the CEO of Executive Medical, a boutique medical practice specializing in age management, weight loss, and aesthetics. As a co-owner and medical director of several clinics, he helps other doctors transition into business ownership.

To learn more, read his book, The Positioned Physician: Earn More, Work Smart, Love Medicine Again, available on Amazon.

Let's Connect: Start building your business today. Learn more at: www.bootstrapmd.com

Want to start your own podcast? Check out Doctor Podcast Network: https://www.doctorpodcastnetwork.co/

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.