Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Pricing

Sean Saint

👤 Person
363 total appearances

Appearances Over Time

Podcast Appearances

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

There's durable pumps, there's patch pumps, you know, there's

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

People prefer one or the other of those for different people.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

So we wanna make sure we provide options there.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

A third is the CGM that they work with.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

People tend to be very passionate about their CGM.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

So we really wanna make sure that we work with whatever CGM you're passionate about.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

We've worked hard to do that.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

And then the last is channel.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

Channel means DME, it means pharmacy.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

And why does that matter?

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

It matters because the pharmacy channel tends to be more inexpensive for the user.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

It tends to be easier for them and the doctor.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

And it tends to not lock them into a four-year commitment.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

So if they don't like whatever it is that they're getting, they can move away from it.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

There's lots of benefits to the pharmacy benefit channel that we've been able to access with what's historically been a DME product.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

But how are we able to do that?

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

Frankly, it's simply the pay-as-you-go model.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

What does that mean, though?

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

It means we don't receive a big upfront payment when we sell an islet in the pharmacy channel.

Vanguards of Health Care by Bloomberg Intelligence
Beta Bionics Does the Work to Reduce Insulin Pump Burden

We are willing to share the risk with the insurance provider and maybe even transfer the risk to us that people are going to like our product.