Hi, I'm Stephen T. Parente, so, who am I? It's a good question, people ask a lot of times, what else do you do? What other things are you engaged in? And I try to put it all together and say, I have my life lived in Five Hats. And also not particularly if you ever worked with me to leverage them as you need them. So part of the most important Hat is I have three wonderful children, two daughters and a son, married to a physician. And I am privileged and really humble to live on a nice lake in Minnesota. It's only frozen half the year, but even frozen it's a pretty place to live. And Hat 2 is really my academic hat. I'm a professor in a finance department at the Carlson School of Management. My training is in health economics from Johns Hopkins University. I've been tenured for nearly a decade. I have an endowed chair funded by different investment banks. And in one of my roles at the university has been the Director of the Medical Industry Leadership Institute. Which really gave rise to much of the material for this course and how it's been developed. The third Hat is kind of a fun hat. For the better part of almost 20 years, I have been an entrepreneur as well as the Managing Principal for an LLC called Health Systems Innovation Network, LLC, which I think that shortens to be HSI. We don't have anybody that has a fulltime job with a W2. We have a lot of folks that get contract 1099s, which involve academics as well as experts really around the globe. We do have some folks that are alumni now, of us that actually operate as general mangers for this and. Our work takes us all over the place. It's really work that folks want to have done that has the quality of academic work, but they want to control the distribution of the work. And at a research university, particularly a public university. Like the University of Minnesota, that's generally against the principles to have research be forwarded. But to have corporate research be done as possible. And so we know how to do that very well, and we do that with a conflict management statements through that HSI network vehicle. Fourth Hat is my non-profit hat. I get no money for this at all. It's actually been a passion of mine to work with insurance data that really reveals so much about what goes on in the health economy. And to make it available to many other researchers across, really now the globe. And so I do that by being the chair of the Healthcare Cost Institute. Chair of the board of that institution. It's based in Washington DC. We have basically gone up to about 50 FTEs because of the scale of the data that we're working with. It's the largest database of it's size on the planet, combined with some of the information that we have from now Medicare in our area. And we're working with major universities across the globe, but particularly in the US with Harvard, with Stanford, with Yale University. And actually getting a lot of press for a lot of the work that we've been doing. And it's only been in operation for three years so it's been very exciting. And then my last hat is really my academic administration hat. I'm the associate dean for MBA and MS programs at the Carlson School of Management. What I find exciting about that hat is that I've gotten a chance to take my entrepreneurial urges. And bring them to that space of developing new programs and opportunities such as an online MBA program, for the Washington, DC. Congressional hill market to emphasize all the great stuff we do in Minnesota and different industries, whether they be healthcare, financial services, technology, or energy. And then some new areas, actually doing direct work in those industries For specialized masters treatments. So sounds like a lot of work do I really ever get away? Answer is yes and so I love to do stuff on the water. It's nice to live on Lake Minnetonka but as I mentioned it freezes. And so in the time when it doesn't freeze, you may find me or at least have me be finding onto an email every once in a while. On a boat that I keep down in the Caribbean. A used sailboat, it's not that awesome, but it is pretty wonderful to wake up in the morning on a mooring ball watching a sunrise like this. Which I just did, basically, in the middle of winter. And go to the next island, and just take some reflection on just the gifts life gives you. The other place that's a little more interesting because it turns out my wife doesn't really like heat is also on the water, a little bit more of a stretch goal, but this is actually Scotland. In the Highlands, on the ocean and it's a little tiny cottage in the sense that it's only one room. But I'll tell you though, you walk in the door and you've pretty much lost yourself there. And you can only be there for three hours and you feel like you've been away for three weeks and I encourage anybody to go, take half a life and try to find some place like that and be happy. And we were very fortunate to find such an animal, plus we have WiFi. So that's how I kind of live my life from time to time. It's an odd combination. Basically, coffee glues the ADHD down, but sometimes great synergies occur from it. Sometimes it's just complete frustration, but it's a life and we'll try to make it well lived. And I hope to help you out in any endeavors you folks want to have as your careers advance through your lifetimes. [MUSIC]
