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In Partnership with Harvard Pilgrim Health Care Regiscollege  Form

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REGINA HERZLINGER: So let's get started with this framework. First step in the framework is a series of caveats. So caveat, that's a fancy word for watch out. So what do you want to watch out for? So I have a friend, very successful health care venture capitalist. And he said there's a difference between literature, meaning a business plan or an idea for a new venture, and life, meaning the reality of that new venture. He said literature is all romance and no children. He didn't use the word romance. You know what word he used. But life, life, it's all children and no romance. And he said that's the way it is with health care innovation. The literature, the business plan, ha, it's full of hearts and flowers. But the reality is very hard. So how do you know what's literature, and how do you know what's life? Well, one thing you should be very careful of are true believers. So true

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