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BOSTON Avant-garde Health closes $12M Series A led by Fulcrum Equity Partners FOUNDER Derek Haas: the black sheep of a family full of doctors ORIGIN A Harvard Business School research project becomes a company TRACTION Launched in 2015 with 12 customers already signed BYLINE Nine Harvard Business Review articles and counting
Founder · CEO · Avant-garde Health

Derek Haas

He grew up at a dinner table full of doctors and chose a different scalpel: data. Now he tells hospitals what their surgeries actually cost - and whether they were worth it.

Derek Haas, founder and CEO of Avant-garde Health The economist among surgeons. Boston, MA.
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The Story

The only person in his family who never went to medical school.

Both of Derek Haas's parents are doctors. So are both of his siblings. He calls himself the black sheep. While the rest of the family learned to read an X-ray, he learned to read a balance sheet, and somewhere along the way he noticed the two skills almost never talked to each other.

Today he runs Avant-garde Health, a Boston company that does something hospitals have spent a century avoiding: it puts a real, defensible number on what a single surgery costs, then sets that number next to how the patient actually did. Cost on one axis, outcome on the other. The space between them is where Haas built a business.

He did not start in scrubs or in a garage. He started inside Harvard Business School, where he was a Project Director and Fellow working alongside two of the most cited names in management: Michael Porter, who gave the world competitive strategy, and Robert Kaplan, co-inventor of the balanced scorecard. Their shared obsession was value-based health care - the radical idea that you should measure medicine by the outcomes that matter to patients, divided by what it costs to deliver them. Haas turned that idea into software.

At a glance

Role: Founder & CEO, Avant-garde Health

Based: Boston, Massachusetts

Schooling: Harvard (BA, MBA)

Before this: Bain & Company, Council of Economic Advisers, MA Inspector General's office, HBS

Claim to fame: Nine Harvard Business Review articles

I am the black sheep of my family - both my parents and both my siblings are doctors - and so I grew up hearing a lot about how our health care system has and has not worked well.
- Derek Haas, on why he built a company instead of a practice
The Method

How do you price a surgery? You follow the clock.

The engine under Avant-garde Health is a mouthful - Time-Driven Activity-Based Costing, or TDABC - co-developed by Haas's own advisor, Bob Kaplan. Strip away the jargon and it is almost stubbornly simple: watch what happens to a patient, who does it, and how long it takes. Multiply by what each minute costs. That is the price of care, built from the floor up instead of guessed from a billing code.

Costing a single surgical episode, the TDABC way

Step 01
Map the path
Every step the patient takes, OR to recovery.
Step 02
Name the hands
Who delivers each step of the care.
Step 03
Clock the time
How long each person actually spends.
Step 04
Price the minute
Cost rate for every resource used.
= the true cost of care, set beside the outcome that mattered to the patient.

It sounds like accounting. It behaves like a flashlight. Suddenly a surgeon can see that two colleagues doing the same operation produce wildly different costs for the same result - and the cheaper one is not cutting corners, just cutting waste. As Haas puts it, the company does not practice medicine. It hands clinicians a mirror.

The Road Here

From the Inspector General's office to the operating room.

Before Harvard
Consults at Bain & Company, serves on the staff of the Council of Economic Advisers, and works at the Office of the Massachusetts Inspector General - a crash course in money, policy and accountability.
2008 - 2010
Earns his MBA at Harvard Business School.
2010 - 2014
Becomes a Project Director and Fellow at HBS, working with Michael Porter and Bob Kaplan on value-based health care.
Fall 2014
Founds Avant-garde Health, chasing demand he had watched build during his research.
Spring 2015
Launches with 12 customers already on board.
March 2022
Announces a $12M Series A led by Fulcrum Equity Partners and completes the CareMeasurement rollout across all surgical and procedure-based care.

The unlikely resume

Most digital-health founders arrive from medicine or from code. Haas arrived from economics and government. He had advised on national policy and chased waste for a state watchdog before he ever sold a line of software.

That detour is the whole point. He is fluent in the language of the people who sign hospital checks, not just the people who hold scalpels - and value-based care lives exactly at that border.

In His Words

A founder who picks his words like he picks his data.

"We are not doctors. Rather, we help doctors and administrators understand the implications of their choices so they can make more informed decisions."

- On the company's role

"Getting people to change how they deliver care is a big undertaking."

- On the actual hard part

"Our mission is to empower healthcare providers with the best possible insights to enable them to continually improve the cost and quality of their care."

- On the mission

"Entrepreneurship is a long journey and the people you partner with are a big part of the success."

- On choosing investors
The Context

Why surgery, of all places

Operating rooms are the most expensive real estate in a hospital and the least understood. A single procedure pulls in surgeons, anesthesiologists, nurses, implants, drugs and recovery time, each billed by a different system that never reconciles with the others.

That tangle is exactly why Haas aimed there. The bigger the mess, the more a clear number is worth.

A boring problem hiding an enormous one.

For all the talk of artificial intelligence and gene therapy, American medicine still cannot reliably tell you what a hip replacement costs to deliver, or why the same operation costs one hospital twice what it costs the one across town. The bills exist. The true cost does not - at least not in a form anyone can act on.

Haas built his company on that gap. Bundled payments, in which an insurer pays one fixed price for an entire episode of care rather than itemizing every gauze pad, were spreading through the industry, and they put hospitals in a bind they had never faced. For the first time, the difference between a procedure's price and its true cost landed on the provider's books. You cannot manage that margin if you cannot see it. Avant-garde Health sells the seeing.

The work is unglamorous on purpose. There is no consumer app, no viral moment, no patient swiping through a feed. The customer is a surgeon who already believes they are doing fine and a finance team that suspects otherwise, and the product's job is to get those two people looking at the same screen without anyone feeling accused. Haas has spent a decade refining that diplomacy, which is why he talks about coaching clients through change rather than simply shipping them a tool.

Worth Knowing

Four things that explain him faster than a bio.

1Both parents and both siblings are doctors. He is the lone businessperson at the family reunion - and he turned that into his origin story, not his apology.
2Before health tech, he worked inside government, advising on economics at the Council of Economic Advisers and chasing waste at the Massachusetts Inspector General's office.
3The costing method at the heart of his company was co-invented by his own HBS advisor, Bob Kaplan. He did not license an idea from a stranger; he built on a mentor's.
4He has been quoted everywhere from The Wall Street Journal to TechCrunch, a range that maps neatly onto a company sitting between finance and software.