A panel discussion of hospital executives at the ViVE event last month offered insight into the challenges of implementing innovation and what they have learned from their experiences.
General Catalyst just announced its plans to acquire Summa Health, an Ohio-based health system. Leaders from across the healthcare industry aren't sure how the deal will play out, given the novel nature of the deal and the involvement of one of the country’s most prominent VC firms.
It’s easy to get caught up in the excitement surrounding innovations in the medical field, Amazon Pharmacy Chief Medical Officer Dr. Vin Gupta noted. But when talking about these innovations, healthcare leaders often fail to address questions about whether they will be covered by insurance and whether all patients will be able to benefit from them, he pointed out.
A California payer lays out the three things she wishes all entrepreneurs knew about how to bring their ideas to market most effectively and initiate successful collaboration.
Roberta Schwartz, Houston Methodist's chief innovation officer, has had years of experience overseeing technology adoption at her organization. At a conference, she highlighted how important it is for digital health tools to have strong EHR integrations and encouraged hospital leaders to not be afraid of starting various technology initiatives in unrelated areas.
Glen Tullman — CEO of care navigation company Transcarent, as well as former CEO of Allscripts and Livongo — discussed what he thinks the future of healthcare will look like during the HIMSS conference in Chicago. He laid out five predictions, including an increased focus on consumer expectations and more investment in AI.
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
Johnson & Johnson's CEO believes the company will maintain its strong reputation for innovation amid changing economic conditions because of its hefty investments in research and development. He said it's crucial to invest both internally and externally, as some of the most innovative and lucrative opportunities come from outside companies.
UC Davis Health announced the first startup to come out of its health tech innovation incubator. The company, named WellCent, is a platform that allows patients and caregivers to onboard medical devices into their home and access digital health resources.
Give innovators guidelines that reward hard-fought failures. Look outside your organization and industry for breakthroughs to adapt, rather than products or procedures to adopt. Innovation isn’t something you acquire. It’s something you grow from within.
The innovation institute run by the University of North Carolina at Chapel Hill teamed up with Amazon Web Services to create a venture studio to turn the university’s digital health research concepts into full-fledged startups. AWS’ platform beat out the other major cloud providers because it was “the most entrepreneurial,” according to the venture studio’s managing director.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Healthcare has historically trailed other industries when it comes to the adoption of new technology. But providers that fail to get serious about bucking this trend are putting their businesses at risk for closure, according to John Barto, Microsoft’s chief digital transformation officer. Many clinicians end up leaving behind institutions that make them feel like they are stuck with archaic workflows and data management systems, he said.
Third Culture Capital (3CC) is a venture capital firm founded with the mission to foster more equity and diversity in health technology innovation. 3CC Founder and Managing Partner said the firm is intentional about connecting to the “unique lived experiences” of the founders it invests in, as this approach ensures that it is not just checking its diversity boxes.
UnityPoint Health CEO Clay Holderman said his health system made a mistake when it used to leave decision making concerning new technology adoption up to the director of its venture fund instead of involving its frontline clinicians. UnityPoint’s clinicians didn’t take too well to this, so the health system re-structured its technology adoption process to prioritize the voices of its clinical staff.
Digital health could range from EMR to Remote Patient Monitoring (RPM) solutions. For the purposes of this article, we’re focusing on patient interfacing solutions. Use these 15 screening questions to help your organization determine whether a solution is right for you.
Redesign Health, a company that creates healthcare startups, closed a $65 million Series C funding round. The company has already built more than 40 startups — such as cancer care technology provider Jasper Health, home health company MedArrive and weight loss startup Calibrate.
