Kryders Case Summary

The healthcare industry is a very innovative and vital system that relies on efficient, cost-effective solutions that will leave a lasting stamp on our healthcare system. All firms believe they have an angle on how to solve the current broken healthcare system.
Chris Kryder was a medical doctor who also went to business management school to learn the internal and external processes on how to conduct business. Later these lessons enlightened him on exactly where his ideas could best be served by managing risk within the healthcare industry. Later on, different companies became aware of how his ideas would impact the industry; so he began to get offers about deals to buy his company out. There are several key points associated with managing risk in healthcare. He was always concerned about the care of the stakeholders which primarily one reason had the desire to become a doctor. Kryder was able to see first hand as a Chief Medical Officer (CMO) just how much providers were lacking in products that could better equip the healthcare professionals and create methodologies to boost a thriving healthcare industry and care for patients. Kryder was on to something bigger when he hit the market with ideas flowing. He wanted to make sure that medical providers had better options toward,“medical management with advanced database-mining technology,
Kryder and Beacon’s engagement could have a different alternative such as not only involving Kryder with everyday developments and issue but actually keeping him as CEO and over creative direction. A pro to this decision is the possibility of experiencing internationally in health care as a professional. A con to this decision would be if Beacon and Kryder can agree on one accord of the business and their business relationship falls apart affecting a major business deal and could cause profit loss in the