In this episode of the Healthcare Leadership Excellence Podcast, I speak with Vinay Patel, a pharmacist, leader, and advocate for affordable healthcare solutions. Vinay shares his journey from academia and pharmacy practice to founding an innovative company focused on providing cost-effective medicines through a "Cost Plus" model. His work prioritizes local pharmacies and creates accessible healthcare solutions for self-funded employer groups.

Vinay discusses the challenges of breaking away from the status quo in pharmacy benefits. He describes how his company partners with mom-and-pop pharmacies to deliver a personalized patient experience while addressing inefficiencies in pharmacy reimbursement models. Hearing how patients save money and rediscover trust in local pharmacies is the most fulfilling part of his work.

A key theme in our conversation is leadership in the face of adversity. Vinay talks about the importance of aligning team members with a company’s mission and taking a “hire slow, fire fast” approach to building a cohesive culture. He emphasizes servant leadership—leaders doing the work they ask of their teams and ensuring every employee feels supported and heard.

Vinay also shares how personal growth supports professional success. He encourages leaders to reflect on what they enjoy about their roles, identify challenges, and stay connected to their purpose.

Finally, Vinay talks about bridging generational differences in the workplace and creating understanding. He believes in providing optionality and personalization for employees, allowing them to feel valued as individuals. His approach centers on connection, trust, and showing up for others.

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