Acquisition International - Global CFO Excellence Awards 2022 13 Most Innovative Healthcare CFO (Europe): Tim Clijmans As co-founding CFO of the aptly named company DEO.care, ’Tim Clijmans’ has an interesting backstory of success that has led him from his atypical history to a leader within the industry. Regarded as the Most Innovative Healthcare CFO in Europe, Tim utilises an entrepreneurial and pragmatic approach to run this exceptional business as CFO – changing the industry from the inside out, supported by Tim’s innovative thinking and unique experience as a professional individual. Mar22530 Having graduated as an engineer yet skilled in business economics and corporate law, Tim Clijmans is a selfproclaimed and successful entrepreneur and has been for the entirety of his vast career. From 2008, Tim became a Co-Founder, incorporating Mobelife – a specialist company in custom orthopaedic implants, which was then acquired by a 3D printing specialist and stock-listed Belgian pride company Materialise in 2015. Tim expands on this particular career path and explains, “For seven years, I was CEO and in the forefront of Mobelife involved with all international sales. Following the acquisition by Materialise, I took on a Global Sales Director role focused on the hospital segment. In 2016, I decided to pursue a new entrepreneurial endeavour once more. After co-founding OrthoGrow with David Van der Auwera and Jeroen Dille, I took on the role of Chief Strategy Officer - mostly involved with setting the initial vision of the medical and service-oriented group. Early 2019, I shifted focus as Chief Financial Officer at spin-off DEO.care.” An impressive journey that has innately shaped the professional person Tim has become – giving him experience and life lessons along the way to form his innovative CFO approach to business. Overall, during his exceptional career journey, Tim has been involved with over eight different start-ups and scaleups (and increasing) and been on several Boards of Directors or Advisory Boards – which can be taken as a grand accomplishment at such a fair age. Moreover, as Tim has carried an active role in being responsible for the numerical aspects of a business, be it from a broader CEO role or a specific front office sales management role; financial plans, forecasts, and analyses have always played an essential role in Tim’s entrepreneurial career and have always been the starting point and benchmark in strategic management. Tim expands on this, stating, “Because of this, I have a broad perspective on the business from previous experience and a rather pragmatic approach to financial strategy in my current role. As a result, I can cover a funding or acquisition track from A to Z - pitching, negotiating, financial credibility and due diligence up to legal contracting.” As previously stated, Tim ended up focusing on DEO.care (Data-Driven Efficiency for the Operating Room), located in Genk, Belgium. Since its establishment, it has developed an innovative AI-backed data platform that helps hospitals implement best practices for operational excellence and support healthcare industry partners to leverage value-based healthcare. “The goal is to improve staff well-being, increase OR throughput, optimise financial performance and improve patient experiences. Using H its proprietary technology, DEO. care generates rich and accurate data from scratch to create a digital twin of the OR environment. This 360-degree data measure of ergonomics, processes, materials, and time leads to faster insights and improvement ideas. Working with numerous pilot healthcare centres in both Europe and the United States, DEO.care uses this data-driven approach to suggest optimal costsaving measures for hospitals and healthcare companies like Johnson & Johnson “ explains Tim. While success was seemingly on the rising path, Covid-19 was the challenge that the entirety of the world wasn’t expecting. So mere two years after the incorporation of DEO.care, the pandemic took over the world, and contrary to regular economic crises, this one, from day one, primarily affected the healthcare industry. Therefore, Tim and his co-founders were forced to adjust and quickly increase the development pace of DEO.care’s remote and automated data generation and processing technology, which increased the start-up’s burn rate and initiated the parallel but successful search for additional funding. “Today, thanks to multiple and versatile efforts of a small but dedicated team, DEO.care is fully ready to assist hospitals and the healthcare industry facing efficiency challenges of Covid-induced backlog in care, in combination with a staff which cannot be expected to work even harder than they did already the years before,” boast Tim. DEO.care has announced a venture capital funding round of EUR 3.65 million. Because of this, the company was able to build more commercial partnerships in Europe and the US, and strengthen its product offering even further by developing new and automated software applications on top of the existing data platform for 2022. With a successful plan in place, the priority for Tim and his company is to remain leaders in the industry and maintain status as the Most Innovative Healthcare CFO. Company: DEO.care Name: Tim Clijmans Email: tim@deo.care Web Address: http://www.deo.care
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