Leadership can be hard, especially in healthcare. Those tasked with leading companies or managing teams working on potentially live-saving technology or services can face plenty of stress and uncertainty, especially with the changes in the work environment post-pandemic. Sometimes those leaders need executive coaches, which is where groups like The Bailey Group come in.

On this week's episode of the Medical Alley Podcast, we're joined by Sal Mondelli and Anja White, who are both executive coaches and consultants at The Bailey Group. They address the question: who might be a good fit for executive coaching? Sal and Anja also chat with our Ben Wagner about how leaders play a big role in workforce retention, the differences in leaders of a startup versus a larger corporation, and the importance of leaders being lifelong learners.

Learn more about The Bailey Group at thebaileygroup.com.

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Artificial intelligence enabled devices are changing the landscape of medical devices and are subject to evolving regulation. Listen back to a replay of our webinar from late last year as team of lawyers from Covington & Burling LLP discuss key considerations for the AI-enabled medical device space, including current best practices for industry participants seeking to take advantage of this powerful new technology.

Panelists from Covington included:

• Andrew Ment
• Pam Forrest
• Adrian Perry

To watch a video replay of the webinar, you can find it on Medical Alley's YouTube page.

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Forty years ago, Earl Bakken  helped establish Medical Alley to ensure that Minnesota's healthcare ecosystem remained strong. Prior to helping found Medical Alley, Bakken famously founded Medtronic. But his inspiration and love of science and technology started as a kid when he fell in love with the movie "Frankenstein." Many years later, Bakken's legacy and his love of innovation and curiosity — and electricity — is preserved and told at the Bakken Museum in Minneapolis.

On this week's Medical Alley Podcast, Bakken Museum President and CEO Alissa Light and Adrian Fischer, curator of exhibits and collections at the museum, join to share more about the Bakken Musuem as an incubator for innovation. They also discuss the ways in which the Bakken Musuem is helping future generations of entrepreneurs and innovators by fostering a love of STEM in children through various programs and educational opportunities.

Learn more about the Bakken Museum or find out what you can expect when you visit at thebakken.org.

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Not all internships are created equally. Minnetronix Medical — a medical device contract manufacturer — has had its internship program in place for decades, but the pandemic shifted the way the company approaches its internships. Students who work for Minnetronix end up getting valuable hands-on experience, impactful mentorships, and the ability to explore what they're most passionate.

On this week's episode of the Medical Alley Podcast, Carolyn Baldus of Minnetronix Medical joins to share more about how the company's internship program has evolved over the years, and shares success stories of its program — including receiving over 800 applications for 30 positions.

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Dr. Pearce McCarty has been an orthopedic surgeon for over 15 years, but he more recently he has scratched an entrepreneurial itch. In 2020, Pearce co-founded DOCSI, a platform that helps optimize preference card uses among physicians and surgeons.

On this week's Medical Alley Podcast, Pearce joins our Frank Jaskulke in studio to share more about how DOCSI is helping drive efficiency and lower costs in procedural environments for hospitals and ASCs. He also discusses the importance of partnerships and details how DOCSI has partnered with Allina Health during the development of its platform.

To learn more about DOCSI, go to docsihealth.com.

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Since it began in 2008, the University of Minnesota's Medical Valuation Laboratory has worked on nearly 500 projects. The lab conducts assessments of medical device innovations and draws in students from various schools at the U of M — including law students, MBA students, medical students and more. This approach helps professionals evaluate their products before going to market.

On this week's episode of the Medical Alley Podcast, Jessica Haupt and Steve Parente from the University of Minnesota join to share more about the Medical Valuation Lab, discuss a bit about the Medical Industry Leadership Institute at the U of M, and more.

To learn more about the valuation lab, go to z.umn.edu/vallab.

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Scott Nelson has spent a good portion of his career in the medtech space. As a serial entrepreneur, he has helped start a number of different medtech companies. His latest venture, FastWave Medical, is developing intravascular lithotripsy (IVL) systems for treatment of arterial calcification.

On this week's Medical Alley Podcast, Scott joins more to share about what makes FastWave Medical unique in the IVL space, discusses some insights he's gained throughout his career as a startup founder, talks about his longevity in the podcast space with his media company Medsider, and much more.

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Mental health concerns have been on the rise for kids and teens, and Bend Health was founded with the goal of addressing those concerns. Monika Roots, MD, FAPA, built on her experience as a child and adolescent psychiatrist to co-found Bend Health with her husband Kurt. Bend Health offers a family-based digital mental health platform to help children by involving their village in the care.

Monika joined this week's Medical Alley Podcast to share more about Bend Health's family systems approach, discusses how AI has helped shape Bend Health's platform, offers her view of the future of family mental health care, and much more.

To learn more about Bend Health, go to bendhealth.com.

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Envoy Medical is a pioneer in the world of hearing health. The Medical Alley-based company has been around for 30 years and is doing truly innovative work with its fully-implantable devices used to treat hearing loss. Brent Lucas fell in love with Envoy Medical as an intern years ago and is now the company's CEO. He joined us in studio this week to share more about what makes Envoy unique.

Tune in to this week's episode to learn more about what makes Envoy Medical's implantable technology different from a traditional hearing aid, the lessons Brent has learned after the company went public, the challenge of finding a pathway to reimbursement, and much more.

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As one of the founders of Minute Clinic, Steve Pontius knows a thing or two about successfully starting and running an innovative healthcare company. After CVS purchased Minute Clinic in 2006, Steve has gone on to work for a few different companies. His latest, HealtheMed, is helping break down barriers to healthcare access for the Medicaid waivered population in Minnesota.

Steve joined in studio for this episode of the Medical Alley Podcast to share more about how HealtheMed is using its digital system to provide in-home care for Medicaid waivered patients through case managers. He also shares about the plans for growth for HealtheMed, the company's partnership with fellow Medical Alley member Accra, and how some of his lessons learned from founding Minute Clinic have helped with the work he's now doing at HealtheMed.

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