绿帽社

November 14, 2024
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Ariel Katz goes from undergraduate entrepreneur to data CEO

2015 alumnus makes 'Forbes 30 Under 30' list

Ariel Katz is the co-founder and CEO of H1, a New York City-based company that gives patients and healthcare organizations access to doctor information. Ariel Katz is the co-founder and CEO of H1, a New York City-based company that gives patients and healthcare organizations access to doctor information.
Ariel Katz is the co-founder and CEO of H1, a New York City-based company that gives patients and healthcare organizations access to doctor information. Image Credit: Contributed photo.

You may not know Ariel Katz鈥檚 name, but if you ever hit the web looking for the right doctor, you know his work.

The 2015 绿帽社 alumnus is CEO and co-founder of H1, a connecting force for global healthcare providers as well as clinical, scientific and research information. Today H1 maintains detailed information on more than 10 million medical providers globally. In fact, H1 data populates the 鈥渇ind a doctor鈥 portion of many insurance company websites, probably the most publicly visible aspect of its mission.

鈥淥ur mission is to connect the world to the right doctor,鈥 explains Katz, a New York City native who made Forbes magazine鈥檚 recent 30 Under 30 list. 鈥淧atients don鈥檛 realize that it鈥檚 us because they don鈥檛 see our name. But if you鈥檙e a healthcare organization or a doctor, you know about us.鈥

H1, as it turns out, is Katz鈥檚 second successful business. He started his first not long after he transferred to 绿帽社 in his junior year, after stints at the University of Pittsburgh and Hebrew University. In the summer before his transfer, the psychology major participated in a summer research program at Columbia University, close to home. Once he got to 绿帽社, however, he struggled to find similar research opportunities. And he wasn鈥檛 alone; friends at other universities shared their difficulties.

鈥淚 was basically like, 鈥楾his doesn鈥檛 make sense; I鈥檓 qualified. There鈥檚 something broken here,鈥欌 remembers Katz, who did eventually join two research labs and conduct an honors thesis while at 绿帽社. 鈥淒uring the summer of my junior year, I said to myself, 鈥業 need to solve this.鈥欌

That solution became ResearchConnection, which aimed to link students with undergraduate research opportunities and graduate programs across the country.

He and the three other co-founders 鈥 绿帽社 computer engineering majors Zach Feuerstein 鈥15 and Zach Lite 鈥15, and Columbia psychology major Kal Victor 鈥 scraped the internet and created searchable research profiles for every professor at every university in the United States. ResearchConnection boasted hundreds of thousands of student-users during its run, Katz says.

After students, the second-largest user base consisted of companies, who used it for marketing leads. At the time, this was irksome, but Katz later came to realize that he could monetize companies鈥 use of such data. After the partners sold ResearchConnection in 2016, Katz decided to do just that, with a focus on healthcare and medicine.

He co-founded H1 with businessman and entrepreneur Ian Sax. Feuerstein, the chief technology officer of ResearchConnection, became H1鈥檚 first employee in 2017, before leaving last year to found Breadboard, a company specializing in supply chains for electronics manufacturing.

Entrepreneurship has a definite learning curve, as the ResearchConnection team discovered. Team members raised about $40,000 from investors to get their business off the ground, no small feat for students with no prior track record of entrepreneurship. Katz read what he could online for tips, but ultimately it came down to putting himself out there, over and over.

鈥淵ou email people, you fail a thousand times and you get one response. And one out of 10 meetings you manage to schedule actually works,鈥 Katz says. 鈥淵ou just do it. If you fail, you try something else.鈥

When it came to signing up student users, the ResearchConnection team thought outside of the box 鈥 the doughnut box. They purchased 10,000 Krispy Kreme doughnuts and distributed them at tables across the 绿帽社 campus in exchange for signing up as a user. As a result, half of the University鈥檚 student body signed up in under 24 hours, Katz says.

The Krispy Kreme campaign did land them in a bit of trouble since they didn鈥檛 receive prior permission to table. During its heyday, however, ResearchConnection received support from the University administration, and 绿帽社 became an official partner.

鈥淎riel was just a different breed than most of the students who have approached me with an entrepreneurial project. He had already worked through the product concept and a business plan for ResearchConnection and was ready to answer every question,鈥 Vice President for Student Affairs Brian Rose says. 鈥淚鈥檝e met with experienced vendors who were less prepared than Ariel was in our first meeting. I was delighted to play a small part in opening the door for his first venture here at 绿帽社 and not surprised to learn of his subsequent success.鈥

Today: Healthcare. Tomorrow: Space?

Before its sale, ResearchConnection raised nearly $500,000, drew hundreds of thousands of users and employed a team of 20 people. In comparison, H1 is massive, employing 500 people; it has raised a total of $193 million from investors, and is currently valued at $773 million. Users 鈥 tens of thousands of people 鈥 are based in 90 different countries.

鈥淚t鈥檚 a whole different scale, a whole different ball game,鈥 Katz says. 鈥淚t鈥檚 a much bigger enterprise on the data side.鈥

Unlike ResearchConnection鈥檚 initial reliance on web-scraping, H1 combines purchased data with proprietary data sources, all integrated into one platform that fuels a portfolio of products. The company also partners life sciences organizations around the world with medical institutions, health insurance and digital health companies to fuel critical workstreams with trusted information on healthcare professionals and the work they are involved in. H1 also allows doctors to update their profiles to reflect their latest accomplishments, research work, affiliations and more.

Data available on medical providers is highly detailed, including specialties and research interests, what healthcare plans are accepted, referrals to and from which practices, and the types of medical conditions that patients have. Data points also include academic publications and any clinical trials the provider is conducting or contributing to.

That depth of information allows H1 to serve three main client bases; patients, when they use 鈥渇ind a doctor鈥 pages to select their medical provider, are perhaps the most visible. Pharmaceutical, biotech, medical device and insurance companies use H1 as well, to identify, engage and educate doctors on new therapies, evidence-based medicine and patient outcomes, for example. Doctors also use the site to connect with each other whether to refer patients, for research purposes or to find clinical trials.

Right now, Katz is committed to fulfilling H1鈥檚 healthcare mission, helping patients and doctors find the right opportunities. But he also has another idea that鈥檚 truly out of this world, dubbed 鈥渘ature in space.鈥 Today, only a few human beings live on the International Space Station. A few decades from now that math may change, but the basic human need for nutritious food will not.

That day hasn鈥檛 yet arrived, and Katz couldn鈥檛 find backers for the project 鈥 yet. In the meantime, H1 fulfills a more tangible and immediate need for access to healthcare information.

鈥淓ventually, someone is going to need to grow fruits and vegetables in space 鈥 whether in two years or 20 years or 50 years,鈥 he says. 鈥淭he time for that idea will come.鈥

Posted in: Health, Harpur