In this engaging episode of "Growing Your Business with People," host Jeff Lackey welcomes Saar Mahna, a visionary in the healthcare tech industry, and Ohio State Buckeye. With a focus on optimizing healthcare outcomes and reducing administrative burden, Saar shares valuable insights into the formation and rise of Banjo Health. The conversation centers around the critical role of teamwork, networking, and the strategic assembly of talent in fueling business growth.

Saar reflects on his journey, beginning with the foundational advantage of a deep network of friends, family, and professionals, which facilitated the initial team formation for Banjo Health. His collaboration with co-founder James Rollins exemplifies the power of strategic recruitment and how they developed a prototype that would pave the way for success in healthcare technology. The discussion sheds light on the challenges and triumphs faced when pioneering in the volatile landscape of healthcare, underlining the importance of innovation and agility in the modern business domain.

The episode progresses with an exploration of the strategies Saar implemented to nurture his company's growth, highlighting the interplay between expertise in finance, healthcare, and the PBM world—dubbed the "wild, wild west" of healthcare by Jeff Lackey.

Key Takeaways:

* Effective networking and leveraging relationships play a pivotal role in the initial team building and company development stage.

* The collaboration with a skilled co-founder and recruiting a strong initial team is crucial for prototyping and early successes.

* Prioritization of customized AI technology in healthcare can lead to more accurate decisions, reduced administrative burdens, and improved clinical outcomes.

* Experience in diverse fields such as finance and healthcare markets equips leaders with unique perspectives and innovative approaches to industry challenges.

* Adaptability and continuous innovation are essential for success in the evolving healthcare sector, especially in areas like specialty pharmacy management.