Bo Bartholomew
Appearances
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
Evidence Care is a 10-year-old business that is a dedicated and anchored business. on empowering better care decisions. We service the hospital and health systems around our country. We are software that's embedded inside the electronic health records. And everything we do is designed to improve the physician workflow.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
and bring the right tools at the right time to make the best decisions possible while also benefiting the hospital's bottom line.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
Great question, Scott. 15 years ago, I was up on Capitol Hill testifying on behalf of our private equity firm, how they were bringing benefit. I think that the headlines right now, what I would say is anytime there are bad actors in any industry, the media will jump on that and so will Congress.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
We have some bad actors in the hospital health system world that just happen to be for profit and private equity. That being said, some of the best hospitals and systems in the country in terms of quality care, patient outcomes are also for profit with very good moral ethical leaders at the top of the helm. So there's a bit of a black eye there.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
Yes, thank you, Scott. And couldn't be more Honored to be included. Love your podcast and love all that y'all do. I am, as they say, a recovering hospital administrator. I've spent just under a decade initially getting into healthcare on the construction side. I was project manager to build a brand new hospital and then got asked to stay on after we opened the hospital to help run it.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
I do think the way that healthcare incentives are aligned and the way the payer games force hospitals to price and to market, it highlights some things that are very difficult to navigate. So there's pros and cons. I think when you have the right leaders with the right character,
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
whether it's private equity or non-for-profit, you are going to have good outcomes that benefit and improve our healthcare system.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
Yeah, so I'll give you a couple that I think most listeners would identify with. And then I'm going to give you one that I guarantee you no one's brought up. High level, we are watching both at EvidenceCare, but also across our venture capital portfolio. Where does AI step in and make a difference?
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
I've looked at a number of, I'll call them AI dev companies who want to have a large language model and go sell anything and everything to everybody. I am not a big fan of those companies. I think the market demands their problems being solved, whether you use AI or whatever.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
And if you can tag the capabilities of AI to a discrete product solving a specific problem, you can probably have a winning formula. The other two trends I'm seeing a lot right now is the over an abundance of clinical workforce shortages from doctors to nurses and all the above. We as a health system, in general, a health ecosystem, have gotten real used at throwing bodies at problems.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
And we've got to leverage technology, digital health tools, whether it's the next generation of electronic medical records, the digital health tools, et cetera. And then thirdly, the one that I don't think you'll have a lot of people acknowledge is I'm watching the trend of two types of investors.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
There are investors, early stage seed venture capital private equity at all levels, at all the size checks who fall into two different buckets. There are investors who have a business equation on a spreadsheet where the motto is profit, profit, profit. And they will do whatever it takes to make those formulas work.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
And then I also see investors where they really, everybody's a capitalist, they all want to make returns, all of us do, but they're willing to do it within a set of principled guidelines with a focus on value creation, quality improvement and real results through their investments, through the businesses that make healthcare better.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
And when you watch those two camps, I think you're going to see more and more winners on the latter side of that equation. And I'm kind of personally watching those I've met over the years that fall into each camp to see kind of, how those outcomes play out. And generally, they skew positively. There's no facts or details on this. This is my own little study.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
But that's a trend that I think people who care about people and anchor themselves in a purpose to make the world better are going to have outsized profit and returns.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
and then bounced around a number of hospitals before we got asked to move to very four undesirable locations. And my wife decided I could go without her and that wasn't going to work. So I became, as they say, a forced entrepreneur and co-founded a medication management software company that we sold to private equity. I joined another a private equity company focused on nursing.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
Yes, I was talking with my family this past week and ever since I was young, my brothers and sister and mother and father who passed away know I've always felt called to serve. I spent countless years in and out of missionary trips, served in the army to serve this great country we live in. And I did not know. That the calling of being entrepreneurs anchored on serving.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
There is more sacrifice involved late nights, trying to make payroll, trying to solve problems than in any other profession. And if you understand that it's rooted and grounded in service to others, the broader market, your clients. then you're gonna be successful.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
I do watch a plethora of business school students and others who want the tag title of entrepreneur because they think it's going to associate them with the wealth and creation of an Elon Musk. I would love that. I think most entrepreneurs would love that, but I think by and large, Your batting average for the next level of billionaires from entrepreneurs is pretty low.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
But at the same time, it is the most fulfilling thing you can do, in my opinion, which is why I love it so much, because you're creating better cultures, better environments, better career paths for employees. You're solving problems for clients. And ultimately, you're creating a better world, which is one of the things I love waking up every day and trying to tackle.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
Yeah, 2025 is going to be an exciting year at EvidenceCare. We have had outsized growth year over year. Last year, we doubled down for our clients on the level of reporting, the incredible savings they're seeing, and the results for the physicians' workflows. This year, we're going to be expanding the sales and marketing efforts. We are likely going to announce a couple new products.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
here in the first half of the year. And I do believe we, like everybody else, are seeing a path where artificial intelligence is going to make us more efficient and deliver better user experiences for our clients. So we're super excited about 2025. And we've got some really fun things we want to announce probably in Q2.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
I think for emerging leaders, the first starting point would be recognize you do not have all the answers. No leader ever does, regardless of how much any of us might pretend we do.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
there's an innate humility you have to have second all leaders surround themselves with more capable and competent people than themselves i can you and i've talked about this in the past i am surrounded by phenomenal executives who are way more talented and smarter than i am and uh i'm i'm comfortable enough in my skin to admit that and i think great leaders learn that earlier in their career.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
And then lastly, as my mentor Clayton McWhorter always said, is always be prepared. No matter what you show up for, put the work in ahead of time. The work ethic is the single probably greatest differentiator between great leaders and good leaders. And the ones that put the work in, the light shines and they get seen over time.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
Absolutely. Thank you, Scott.
Becker Private Equity & Business Podcast
Leadership, AI, and Private Equity with Bo Bartholomew, CEO of EvidenceCare 2-13-25
And we sold that and then started a venture fund. And our second or third investment was in evidence care in 2020. And the founding CEO and physician, Dr. Brian Fingler, who is still with us and is happy as a lark as our chief medical officer, decided he would rather someone else take the CEO range, and the board asked me to step in.