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Joanna Strober on Revolutionizing Women's Health with Midi Health

CNBC TelevisionDecember 2, 202533 min430 views
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The Genesis of Midi Health: Rage and Resilience

  • πŸ’‘ Joanna Strober founded Midi Health after experiencing a year of misdiagnosis and dismissal of her perimenopause symptoms, leading to intense frustration.
  • 🎯 This personal struggle fueled her mission to create a platform that provides accessible, insurance-covered care for women's midlife health needs.
  • πŸš€ Strober's father, a doctor, provided a crucial pathway by allowing her to leverage his existing medical practice and insurance contracts to launch Midi Health.

Scaling Care Through Technology and Expertise

  • πŸ₯ Midi Health began with a pilot program in 2021, which quickly demonstrated the critical need for their services when 148 out of 150 patients panicked at the thought of the program ending.
  • πŸ“ˆ The company now treats 25,000 women weekly, offering holistic care for a wide spectrum of symptoms including hot flashes, joint pain, and libido issues.
  • 🌐 Leveraging telehealth, Midi Health has built a national network of nurse practitioners trained on expert care protocols, democratizing access to specialized menopause and longevity care.

Building a Trusted Brand and Navigating Investment

  • πŸ’° Securing funding was initially challenging, with many investors viewing women's health as a niche market.
  • ✨ Midi Health strategically engaged with celebrity investors like Amy Schumer and Tory Burch to build brand awareness and credibility.
  • 🀝 The company's go-to-market strategy focuses on partnerships with commercial insurers, enabling direct-to-consumer access.

Normalizing Menopause and Empowering Women

  • πŸ—£οΈ Strober emphasizes the importance of normalizing conversations around menopause, which has historically been taboo.
  • πŸŽ“ A Harvard study highlighted that women can reclaim power by openly naming menopause symptoms, rather than trying to hide them.
  • πŸ“‰ Menopause significantly impacts women's careers, with studies showing many women not applying for promotions or leaving the workforce due to symptoms.

The Evolution of Women's Health and Longevity

  • 🌟 The cultural conversation around menopause is shifting, with increased visibility from celebrities and a re-evaluation of hormone replacement therapy (HRT) by the FDA.
  • 🧬 Midi Health approaches longevity as preventative care, encouraging women in their 30s, 40s, and 50s to focus on healthspan for healthier aging.
  • βš–οΈ Strober advocates for moderation and self-grace, viewing vices like Diet Coke as acceptable in a balanced lifestyle.

Leadership, Fearlessness, and Mentorship

  • πŸš€ Strober's leadership journey includes overcoming investor doubts about her fearlessness, transforming feedback into motivation.
  • πŸ“š Her earlier book, "Getting to 50/50," addressed women's career prioritization and the importance of equal partnership at home and work.
  • 🀝 She actively fosters a supportive culture at Midi Health, prioritizing work-life balance and professional growth for her predominantly female workforce.
  • πŸ’‘ Mentorship from figures like Susan Wojcicki has been invaluable, providing inspiration and practical advice for navigating entrepreneurship.
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What’s Discussed

Midi HealthJoanna StroberWomen's HealthPerimenopauseMenopauseLongevityTelehealthHormone Replacement Therapy (HRT)Venture CapitalFemale FoundersHealth TechPreventative CareCareer DevelopmentLeadershipAI Tools
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