When I was 13 years old, the Altair 8800 appeared on the cover of Popular Electronics. By 16, I was building enough hardware and software that I achieved the Malcolm Gladwell 10,000 hours of competency by age 18. By 19, I founded a company that produced tax calculation software for the Kaypro, Osborne, and new IBM PC. Every week in the Silicon Valley of the early 1980's brought a new startup into the nascent desktop computer industry.
To me, we're in a similar era - a perfect storm for innovation fueled by several factors. Young entrepreneurs are identifying problems to be rapidly solved by evolving technologies in an economy where existing "old school" businesses are offering few opportunities.
One morning last week, I lectured to an entire classroom of MIT Sloan school entrepreneurs. The same day, the Boston Globe published articles about the Harvard Innovation Lab and the Mayor's efforts to connect entrepreneurial students with mentors.
That night I introduced a Harvard Medical School entrepreneurial team at the Boston TechStars event.
This pace of innovation reminds of that time 30 years ago when Sand Hill Road was just beginning its evolution to the hotbed of venture investing it is today.
Gretchen Fuller is committed to improving healthcare quality and communication amongst providers and patients. At Harvard Medical School, she co-directed a student group (Improvehealthcare.org) dedicated to improving medical school education on healthcare policy: this organization was responsible for creating course material that is now part of a mandatory Health Policy course. She spent the last year spearheading three healthcare quality investigations at 5 hospitals in Buenos Aires, Argentina, including projects on problematic patient handoffs, barriers to the use of surgical checklists, and medical school curricula on patient safety. Gretchen graduated Cum Laude in Biology at Harvard University, where she also captained the Division I Field Hockey team.
They will be presenting CarePort, a software startup improving patient transitions from hospitals to post-acute care providers though an easy-to-use online booking engine.
As I know well from my mother's recent hip fracture, many patients require additional care after a hospital stay. The current process of discharging patients to post-hospital care providers is complex, confusing, and cumbersome. Careport connects patients, hospitals, and care facilities directly. Patients and their families, along with hospitals, can search for care facilities that meet their clinical needs and book reservations immediately. Careport also tracks patient care in the hospital and post-acute care settings and communicates critical clinical information back to primary caregivers, thereby ensuring effective care coordination. Careport identifies variables driving medical complications, readmissions, and patient satisfaction.
I am convinced that Meaningful Use Stage 2, with its focus on increased interoperability, and Meaningful Use Stage 3, with its proposed enhancements to patient and family engagement, will accelerate the demand for products like Careport. Modular certification will make it much easier for young entrepreneurs to make their products part of the physician and hospital software set used for attestation.
It's an exciting time to watch the creativity of the next generation fixing healthcare. With Techstars, Rock Health, Healthbox and other incubators/accelerators combined with Datapaloozas and innovation competitions, I'm convinced the breakthroughs we need in healthcare process improvement will be invented by the twenty-somethings and not mid-career professionals in established companies.
So immerse yourself in advising and mentoring these people. I am.
John, what about people like me...40yr old MD who left clinical practice, know intimately the pitfalls and problems in the health system, went to MIT sloan and want to lead physicians in the change....do we not count ? :)
Just a thought.... Wanted to express it many months later...maybe that is a sign of ageism
@chasedave @cascadia I agree w u both. We have to support everyone bcs current context gives us best chance to improve our system.
@Cascadia agreed, but we should throw our weight behind them. They r doing more to bring energy+creativity than old fogies like me @jhalamka
I mentored the healthcare vertical this spring at Microsoft/Techstars and the primary start-up Jintronix (they just got seed funding a few weeks ago from Madrona) I nurtured is an amazing group of young computer and Medical professionals (who have been friends for years) who were motivated by the person experience of one of the co-founders parents (a surgeon) .
There is no question that youth has value but it is also critical that those of us who have lived long enough to engage with the system are also a key stakeholder in these firms and that people understand that this isn't a consumer product.(other then wellness apps)
Unlike consumer products we aren't trying to "sell" something to "consumers" we are trying to help people heal and or manage their health. We have seen brilliant entrepreneurs like who co-founded drugstore.com stumble badly when they Microsoft brought him back and they tried to enter health IT (there were over 800 people in the health solutions group with 100's of young 20 somethings). The business models is also challenging when the biggest need is for those with chronic conditions and those with the least resources.
@Cascadia Totally agree. Hopefully smart people in both age groups can figure out how to work together and find solutions for everyone - regardless of whether or not you have a smartphone.