Your Mark On The World

Emulating Visa's Co-Op Structure, Swiss Entrepreneur Launches Health Data Company - #1084

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Synopsis

Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2O2aspl. Inspired by Visa’s cooperative ownership structure, Michael Dillhyon, founder and board member of Healthbank Cooperative, has created a novel way for people to keep and own their health and medical records. Envisioned as a global solution and based in Switzerland, the co-op has 270,000 members, giving it a credible start. The members of the co-op each have one vote in corporate decisions, regardless of their ownership. The co-op itself owns the data and an operating subsidiary that is working actively to grow the business. The co-op controls the subsidiary, but some financial returns will go to investors. Co-op member, Otto Philipp Braun, who is the managing director for Metamorphoses, says, “The cooperative offers an individual, safe and transparent way to use healthcare data.” He also expressed appreciation for the oversight the co-op provides to the