What does it take to build healthcare technology that can make vital signs easier to capture, track, and use?
In this episode of Entrepreneur Rx, host John Shufeldt sits down with Mitch Foster, founder and CEO of Mindset Medical, to discuss his career in healthcare, medical devices, robotics, and digital health. Mitch shares how his early work ethic and healthcare experience led him from orthopedic sales and executive leadership to building companies at the intersection of medicine and technology.
The conversation explores Mitch’s path through Merck, DeRoyal, Synthes, NuVasive, and Excelsius Surgical, the spine robotics company acquired by Globus Medical. Mitch reflects on lessons learned from mentors, physicians, strategic partners, and the experience of building and exiting a company before applying those lessons to Mindset Medical.
The episode also looks at Mindset Medical’s vision to turn the smartphone into a medical device. Mitch explains how the company evolved from digitizing patient intake to developing video-based vital sign technology, including FDA-cleared pulse rate and respiration rate tools, with a path toward non-contact blood pressure measurement.
Beyond the technology, John and Mitch discuss telemedicine, rural healthcare, chronic disease management, entrepreneurship, resilience, founder traits, leadership under pressure, and building through pivots and setbacks. Mitch also shares advice for aspiring entrepreneurs: go for it, scenario plan, understand the sacrifice, and remember that time is the most valuable asset we have.
About Mitch Foster: Mitch Foster is the founder and CEO of Mindset Medical and an experienced healthcare entrepreneur and medical device executive. His career spans pharmaceutical sales, orthopedics, spine robotics, digital health, and startup leadership. Before founding Mindset Medical, Mitch helped build Excelsius Surgical, a robotic spine surgery company acquired by Globus Medical.
About Mindset Medical: Mindset Medical is developing technology designed to turn the smartphone into a medical device. The company’s platform uses video-based technology to capture vital signs and support more accessible, data-driven care. With FDA clearances for pulse rate and respiration rate, Mindset Medical is working toward non-contact, non-calibrated blood pressure measurement and broader applications across telemedicine, rural healthcare, and chronic disease management.
About Xcellerant Ventures: Xcellerant Ventures is a venture capital firm that invests in innovative companies across healthcare, technology, defense, and other emerging industries. Through multiple funds and investment vehicles, including the Jetstream Venture Fund, the firm partners with visionary founders, provides strategic guidance, and helps connect investors with opportunities in the private markets.
About Jetstream Venture Fund: Jetstream Venture Fund is an interval fund managed by Xcellerant Ventures and Sweater Industries LLC, that seeks to provide investors access to early-stage, high-growth companies with flexible terms, lower minimums ($5,000), and no carried interest. Jetstream is one of the first funds of its kind, bringing venture-style investing opportunities to a wider professional audience. Back-end administration is provided by Sweater Ventures a ground-breaking turnkey fund management company.
Disclosure for Jetstream: Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and can be obtained by emailing or by visiting the. Please read the prospectus carefully before investing.