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Tom Dempsey

Founder and President at LMS, Inc.

Professional Background

Tom Dempsey is a seasoned executive in the medical device industry, bringing over 26 years of diverse experience in both start-ups and established companies. His impressive career trajectory features significant leadership roles where he has developed and led high-performing cross-functional teams to achieve remarkable results. Throughout his career, Tom has demonstrated a genuine commitment to integrity and innovation, playing a pivotal role in various aspects including executive leadership, market development, sales, and operations across multiple specialties, such as General Surgery, Gastroenterology, Women’s Health Surgery, Urologic Surgery, and Cardiac Rhythm Management (CRM).

Education and Achievements

Tom Dempsey holds a Bachelor's degree in Organizational Development and Marketing from Loyola Marymount University. His educational foundation has equipped him with the essential skills necessary for navigating the complexities of the medical device landscape. He has furthered his studies at the University of Colorado Anschutz Medical Campus, a testament to his commitment to personal and professional growth. Tom has successfully harnessed his academic knowledge to foster a deep understanding of the healthcare ecosystem, enabling him to thrive in various executive roles.

Tom has notably served on the Board of Directors for two medical companies, contributing his expertise to assist in guiding organizational strategies and making critical decisions that shape the future of these organizations. Additionally, he has served as an Executive In Residence at Innovation Pavilion, where his innovative mindset has inspired budding entrepreneurs in the medical field.

Notable Achievements

Throughout his robust career, Tom has demonstrated remarkable proficiency in several key areas:

  • Leadership: His exceptional ability to represent his organizations as a professional with customers, employees, and investors has resulted in well-coordinated efforts that drive success. Tom has successfully managed businesses with revenues of up to $142 million, illustrating his capacity to handle significant operational and strategic responsibilities.

  • Revenue Growth: A proven track record in revenue generation reveals that he was able to triple revenue in less than six months within a non-traditional vertical startup market. This achievement underscores his aptitude for developing and implementing effective strategies that lead to surging business performance.

  • Market Development: Tom has been instrumental in crafting comprehensive commercialization plans for new products and business ventures, showcasing his foresight and strategic approach in advancing new market opportunities.

  • Capital Raising: His experience spans extensively into capital funding, interacting with angel investors, private equity, venture capital, and investment banking to facilitate the growth and sustainability of medical firms. His strong fundraising capabilities exemplify his persuasive negotiation skills and market insight.

  • Innovation: Tom plays a critical role in the developmental phases of start-ups, driving innovative solutions to market creation, particularly in specialized markets.

  • Global Experience: With the opportunity to travel to 33 countries and every state in the U.S., Tom has attained a profound cultural awareness and understanding, allowing him to navigate international markets effectively and connect with diverse stakeholders.

In addition to his professional pursuits, Tom actively contributes to the broader medical community through his memberships. He is an adjunct faculty member at the University of Colorado Medical Entrepreneurial Program, as well as a member of the Society of Physician Entrepreneurs, Colorado Bioscience Association, and Rockies Venture Club. This active involvement not only highlights his expertise but also demonstrates his dedication to mentorship and development within the industry.

Related Questions

How did Tom Dempsey develop his expertise in leading diverse functional teams in the medical device sector?
What innovative strategies has Tom Dempsey implemented to achieve significant revenue growth at various medical companies?
In what ways has Tom Dempsey contributed to new market development within the medical device industry?
How does Tom Dempsey's global experience influence his approach to business operations?
What insights does Tom Dempsey share as an adjunct faculty member at the University of Colorado Medical Entrepreneurial Program?
Tom Dempsey
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Location

Denver Metropolitan Area