The Hard Truth About Partnerships

Interview with Vivos CEO Kirk Huntsman

Key Learnings From Kirk's Experience

  • As a CEO, understanding both technical and business aspects of your industry is essential. FDA approval backed by solid research builds credibility with physicians and strengthens reimbursement conversations. It’s also critical to choose distribution partners strategically. Meeting patients at their diagnosis point can prove to be more effective than pursuing broad deals with major corporations.

  • Even with a proven solution, adoption takes time. Experts stick to what they know, especially in highly regulated fields like healthcare. Leverage credibility markers to expand adoption, as industry trust doesn’t come from claims alone. Regulatory approvals, endorsements from leading institutions, and real-world success stories from patients and physicians make it easier to gain traction.

  • Secure the right funding for your stage. Private funding offers flexibility that public markets don’t. If possible, stay private until your business model is mature. Going public comes with investor expectations, quarterly scrutiny, and limited room for trial and error. It can create more stress than opportunity if you can’t accurately forecast revenue and show consistent growth.

“We can’t legally say that we cure anybody but we do make a huge difference,” says Kirk Huntsman, co-founder and CEO of Vivos, whose team is commercializing the world’s first solution to resolve obstructive sleep apnea (OSA). 

Kirk has a background in finance but has spent enough time in clinical research that he jokes about having earned an honorary medical degree. During the early ‘90s, he founded Dental One, pioneering one of the largest Dental Service Organizations in the U.S. — now a multi-million dollar industry. After exiting Dental One, he continued his entrepreneurial journey in dental care, where he spent most of his 40-year career, before moving to Vivos to tackle obstructive sleep apnea.

A common misconception about sleep apnea is that it only affects overweight middle-aged men. The truth is that over a billion people worldwide have it, including women, children, and even infants. “Some people live with this condition their entire life, and they don't know it because they sleep through it,” Kirk says.

This disorder occurs when the airway collapses, and a person stops breathing for at least 10 seconds or longer. Those with 30 or more apnea events per hour are classified as having severe sleep apnea. This is dangerous because the lack of oxygen affects hormones, brain function, heart health, energy levels, and overall well-being.

The standard treatment for sleep apnea is the CPAP (Continuous Positive Airway Pressure) machine. However, it doesn’t cure the disorder — it just manages it by forcing air into the airway. It’s been the gold standard since the sleep disorder was first acknowledged, yet it's uncomfortable and bulky, so much so that many say it’s like sleeping in a "Darth Vader mask."

About 25 years ago, dentists realized they could treat sleep apnea by moving the lower jaw forward, which naturally opens the airway. This led to mandibular advancement devices, but they didn’t gain much traction due to the misalignment and lack of collaboration between physicians and dentists. The CPAP remained the dominant treatment. That’s where Kirk saw a gap.

The Vivos team developed an oral device that permanently reshapes the airway over the course of treatment, which can last between nine and 12 months. The device expands the upper and lower jaw and creates a bigger, more stable airway that doesn’t collapse during sleep. 

Vivos is poised to alleviate sleep apnea by giving sufferers a new option to breathe and sleep better — without relying on CPAP for life. With FDA approval in 2023, the device is already commercially available in the USA, Europe, Canada, Russia, South Africa, and Australia, and the team is actively expanding reimbursement coverage.

CEO of Vivos

Kirk is a seasoned healthcare entrepreneur with a track record for scaling and exiting successful businesses. He founded Dental One, growing it into one of the largest dental service organizations (DSO) in the U.S., with over 165 practices across 15 states. After selling the company to MSD Capital, he led ReachOut Healthcare America, a Morgan Stanley Private Equity portfolio company. He later built and exited Xenith Practices, another DSO, and founded Ortho Ventures, focusing on pediatric oral appliances. Now as CEO of Vivos, Kirk and his team are developing and commercializing proprietary treatments for sleep-related breathing disorders, offering patients an FDA-cleared alternative to CPAP therapy.

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What It Takes: From FDA Clearance to Global Market Adoption

Great technology is a good starting point, but it doesn’t guarantee success, especially in medtech. 

Prior to starting Vivos, Kirk discovered a patented technology addressing sleep apnea developed by a professor. “He was not a business guy, and he was never going to scale this up,” he recalls. Kirk reached out, and together, they founded Vivos.

To successfully bring an innovation to market as a CEO, you must understand both the clinical and business aspects of your industry. That includes expertise in your niche, how it fits into the healthcare ecosystem, and what you bring to the table for all stakeholders, including physicians, patients, and providers. Even with solid technology, you still need regulatory approval, reimbursement, and a go-to-market strategy to build distribution channels and drive adoption.

When building distribution channels, partnerships can make a huge difference. However, Kirk cautions against rushing into deals with large companies. Early-stage firms often believe these partnerships will solve their problems, but large corporations move slowly and prioritize differently. “You're a little piece of their great big pie,” Kirk says. 

For example, when Vivos signed a distribution agreement with a big player, the team was initially optimistic. But when the partner company’s CEO left, new leadership shifted priorities, nullifying months of negotiation.

That’s why Vivos is now partnering up with sleep testing centers — even acquiring some — where patients first learn they have sleep apnea and start weighing their options. Kirk’s goal is to establish a presence at the diagnosis stage so that patients immediately consider Vivos as an alternative to CPAP. As Kirk puts it “We want to be there at that juncture to have our hand up to say, ‘Yes, look at us, look at this alternative technology’, and someday we think we're going to be the go-to technology.” 

When starting the company, the first thing Kirk focused on was the research. Once he and the team had enough data, they presented it to FDA, but the process wasn’t straightforward. “When they put a podiatrist in charge of an oral appliance, you know you're in trouble,” Kirk says. They eventually got the approval after investing time and resources. Once that was done, it was time to take the device to market. 

When the team secured FDA approval, their stock — Vivos is publicly traded on the NASDAQ stock exchange under the ticker symbol VVOS — surged up to $48 a share, before dipping to $2 Navigating such volatility while addressing other challenges requires resilience. Despite this, FDA approval attracted serious interest from providers and patients, creating demand and strengthening their position in in reimbursement conversations.

After FDA approval, the next step is getting insurance to pay, which requires securing CPT codes . This process is involves lengthy bureaucratic procedures and payer negotiations — but it’s essential for long-term adoption.

And then there’s international expansion, a dream for many companies but one that adds a whole new layer of complexity since each country maintains its own regulatory requirements. For example, Vivos has entered Dubai and parts of the Middle East, but Saudi Arabia requires separate approvals — a process that takes time and resources. Kirk sums it up: “You've got to be able to fight battles on multiple fronts at the same time. You've got to be winning those battles so that as you get a win over here, you can go and use that as leverage over there.”

Driving Adoption Using a Page From Invisalign’s Playbook

Today, Vivos enjoys persistent demand for its sleep apnea solution that doesn't require nightly device use. However, the company’s path wasn’t always smooth. 

Kirk and his core team come from the dental industry, so it felt natural to market their oral appliance to dentists first. Since their device fits in the mouth, they assumed dentists would readily prescribe it for sleep apnea. But many dentists, focused on teeth and oral health rather than sleep disorders, didn’t feel qualified to treat this condition. This strategy stalled, but Kirk persisted. 

Physicians get pitched new medical devices all the time, so they’re naturally skeptical. They stick with what they know, and when it comes to sleep apnea, CPAP is the safe, established choice. It’s widely used and low-risk, so no one gets sued for prescribing it. Kirk adopted a two-pronged approach: “We're going to the providers to make them aware, and then we're going to the public and making them request this by name.”

He decided to approach the medical community with a solid selling point: An FDA-cleared device that treats severe sleep apnea in adults and children. While 200+ oral appliances existed in the market, most performed similarly, and none had FDA approval. Medical professionals already treating sleep apnea patients who disliked CPAP proved more receptive than the dentists.

The company has treated over 50,000 patients, reports zero lawsuits (almost unheard of in the medical device world), and maintains high patient satisfaction. Despite these metrics, physician adoption remains gradual.

Stanford University’s endorsement adds credibility. “We're going to the very best and brightest in medicine and getting those guys to put their stamp of approval,” Kirk notes. Having Dr. Clete A. Kushida, a leading sleep researcher at Stanford, on their R&D team makes it easier for doctors to trust the solution. 

Vivos also reaches patients directly through social media. Word-of-mouth marketing has fueled expansion, with patient and physician testimonials featured on their website. Healthcare providers talk to each other, sharing insights on new treatments, and patients go online to research what works for others.

Kirk compares Vivos’ approach to how Invisalign disrupted orthodontics. Initially dismissed by dentists, clear aligners gained traction through direct-to-consumer marketing. As patient demand grew, dentists had to offer the service or lose business.

Vivos is taking a page from Invasalign’s playbook. Increasing patient demand for CPAP alternatives forces physician attention, and positive outcomes accelerate adoption.

As a result, eight out of 10 patients choose Vivos over CPAP, even though it’s more expensive. But there’s a silver lining: “Our cost of treatment is higher than a CPAP machine, but it actually gets the job done,” Kirk says.

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Leveraging Public Funding For Medtech Growth 

Companies often rush promising technologies to market, but success requires established distribution channels, regulatory approvals, a go-to-market strategy, and adequate funding.

Vivos is a publicly traded company, but the IPO route wasn’t a walk in the park. Kirk was searching for funds during the COVID 19 pandemic, which “put a train wreck on capital investing.” He would have preferred private funding options, as public markets provide capital access but introduce significant pressures and distractions.

Venture capitalists and private investors understand the growth process better than public market investors. Managing R&D, regulatory approvals, and market growth while handling public investor expectations is a major challenge. IPOs subject companies to quarterly financial scrutiny as investors demand predictability. Unlike venture capital or private equity, public markets allow little time for development — investors expect fast results. In short, for companies without a mature business model, public markets add constant pressure. 

However, for companies with a predictable business model, strong distribution networks, and accurate revenue forecasting, an IPO could be a good funding option.

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A Guide to Widespread Adoption in Medtech

In medtech, developing novel, impactful technology is often just the starting line. The real race begins when you try to integrate your solution into the often-resistant healthcare system – a hurdle that has tripped up countless promising companies. Here are the key strategies and lessons from five veterans in the medtech space on how to overcome this hurdle.

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