Invest Like The Best
Episode 438 Performance During Pain
Invest Like The Best

Episode 438: Performance During Pain

Invest Like The Best

Episode 438

Performance During Pain

Mark Bertolini is the CEO of Oscar Health. We cover the near-death experience that shaped so much of his life and leadership framework, how a decision to raise wages actually increased shareholder returns, and what Oscar's strategy for disrupting the healthcare industry has in common with pirate ships.

This episode is brought to you by:

Ramp. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ramp⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠'s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ramp.com/invest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to sign up for free and get a $250 welcome bonus.

Ridgeline. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ridgeline⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Head to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ridgelineapps.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about the platform.

AlphaSense. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠AlphaSense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Invest Like the Best listeners can get a free trial now at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Alpha-Sense.com/Invest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster.

Show Notes:

(00:00:00) Welcome to Invest Like the Best

(00:04:52) Mark's Ski Accident and Recovery

(00:07:54) Early Life and Career Beginnings

(00:12:51) Leadership Philosophy and Career Highlights

(00:19:03) Healthcare System Insights and Innovations

(00:25:31) Oscar Health: Current State and Future Vision

(00:42:06) Personal Stories and Eastern Belief System

(00:51:57) Discovering the Healing Power of Yoga

(00:57:21) Transforming Employee Benefits and Wages

(01:02:41) Personal Journey Through Chronic Pain

(01:08:10) Reflections on Business Success and Leadership

(01:15:54) Joining Bridgewater and Transitioning Leadership

(01:22:47) Leading Oscar Health and Future Goals

(01:34:12) Enduring Hardships and Finding Purpose

(01:32:34) The Kindest Thing Anyone Has Ever Done For Mark

Performance During Pain

Introduction

Patrick
My guest today is Mark Bertolini. Mark is the former CEO of Aetna and the current CEO of Oscar Health. He shares one of the most extraordinary leadership stories I've ever encountered, surviving a catastrophic ski accident that left him in chronic pain for 18 years while simultaneously leading one of healthcare's most successful corporate turnarounds. His personal experience navigating his son's life-threatening cancer battle and his own medical challenges fundamentally changed his approach to healthcare, leading to innovations in employee welfare that Wall Street initially questioned but ultimately celebrated.

During his tenure at Aetna, Mark generated a 652% total shareholder return by implementing revolutionary employee policies and is now applying these same lessons at Oscar Health to disrupt the $4 trillion healthcare industry with a technology-first approach. We discussed the power of servant leadership, employer-sponsored insurance versus individual choice-based plans, and the horizons of healthcare. Please enjoy this wild conversation with Mark Bertolini.

Access the full transcript
Sign in or register to view episode transcripts.

Contact

Get in touch at help@joincolossus.com