Lore Lippmann is a Cambridge University PhD graduate with over 15 years’ experience in corporate finance, specialising in investment, business valuation and NHS Finance. This year, Lore joins us as a mentor to support cohort 7 of the NHS Clinical Entrepreneur Programme.
Name: Lore Lippmann
Occupation: NHS Senior Finance Leader
I am a chartered accountant (ACA, Institute of Chartered Accountants in England, and Wales) with a corporate restructuring background. I trained and qualified at PwC where I worked with corporate clients (mainly UK plcs and international groups), including clients in Silicon Valley. I spent a year with PwC’s Advisory business (Business Recovery Services- BRS) supporting the PwC team as part of the administration of failed investment bank Lehman Brothers in Canary Wharf. I therefore have some experience of investment banking and its products.
I subsequently joined Grant Thornton UK LLP, where I qualified as an insolvency practitioner (JIEB) and worked on several pharmaceutical company liquidations. I have experience of business valuation, selling of IP and patents (in the context of clinical trials). I also spent a year managing a care home as part of a bankruptcy estate.
In summary, before joining NHS Finance at Cambridge University Hospitals in 2017, I spent the best part of 10 years advising corporate stakeholders on funding options, (re)financing, and business rescue. As part of this I have valued and sold businesses and assets (tangible and intangible).
My insolvency and restructuring specialism means I have an eye for the many reasons/risks why a product, contract, or business, may fail and how to avoid/mitigate these risks. I have a PhD from Cambridge University and love to learn. One of my favourite business books is ‘Moneyball’ by Michael Lewis, not because of the baseball story, but because it illustrates the importance to be able to frame a problem and think about a creative solution.
Why did you choose to become a mentor on the NHS CEP, are you enjoying the experience and how have you supported your mentee/s so far?
I volunteered to become a finance mentor on the NHS CEP this year, as I would like to support NHS colleagues who have entrepreneurial ideas. I enjoy meeting colleagues from beyond my Trust/ICS, and the NHS CEP is a great way to meet like-minded individuals and extend my network.
I hope to bring my corporate experience to bear for the benefit of those working in the public sector, trying to innovate and improve patient and population health.
What do you think makes a good mentor and can you see the impact that mentoring is having on your mentee?
Personally, I have a breadth of finance experience outside of NHS finance, and I love to learn, which makes me an enthusiastic and supportive sounding board!
I am new to mentoring on the NHS CEP, but I look forward to being matched and supporting mentees.
What is the best piece of advice you have been given in your professional career?
‘There are two types of people, those who see challenges and those who see opportunities- make sure you are one of those who see the opportunities!’
What would you say to someone who is considering becoming a mentor with the NHS CEP?
The NHS CEP are a very special group of people and for aspiring mentors, this is a good starting point to be humble and see any involvement as a privileged opportunity to learn something new from an inspiring and driven group of entrepreneurs!
Lore Lippmann is one of over 300 professionals that volunteer there support to the NHS Clinical Entrepreneur Programme and support our next generation of innovators. If you are interested in supporting the programme visit our mentor pages
TRANSFORMING HEALTHCARE THROUGH INNOVATION
