Tempus Founder Eric Lefkofsky Leads the Way for Healthcare Cost-saving Opportunities

Eric Lefkofsky is best known for being a startup revolutionizer after the entrepreneur founded Groupon, the fastest startup company, to date. In 2015, he founded Tempus, which is a healthcare data company. The company has an ambitious business model and its growing relatively fast. Tempus is a leading provider of technology-based medicine solutions.

In previous years, Eric Lefkofsky invested in business services companies, media companies, and consumer-direct companies, but he found that the same type of technology in structuring those companies was missing in the healthcare industry. The intent is to fix the underlying data infrastructure, which initially became a challenge to retrieve clean structured clinical data. Tempus takes the clinical data along with molecular data and sequences it to great depth to provide a streamlined analysis of the patients receiving care, which typically is 500 to 1,000, depending on the panel that is being used for the data.

Over the last 12 months, the cost involved has been reduced from millions of dollars to thousands of dollars, due to advanced technologies, such as cloud-computing and storing technology. Tempus has created a way to the structure the clinical data and combine it with molecular data and then use artificial intelligence to analyze the existing patterns of patient care and medications, which results in being able to provide real-time information to physicians and with an overall substantial cost-savings.

Since 2006, Eric Lefkofsky has been very involved in the Lefkofsky Family Foundation, which he founded as a private charitable foundation. He currently serves as a Trustee of Lurie Children’s Hospital of Chicago, the Art Institute of Chicago, and he also serves as the Chairman of the Board of Trustees of Chicago’s Steppenwolf Theatre Company. He is a University of Michigan graduate and earned his Juris Doctor degree from the University of Michigan Law School.

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