Innovation Rising, Presented by Healthbox: Recent Episodes
Healthbox
Innovation Rising, presented by Healthbox, examines the intersection of innovation and healthcare from a variety of viewpoints featuring interviews with the leaders who are moving our industry forward. The podcast is arranged in 3-episode series around a specific topic in healthcare or innovation. In each of the 3 episodes, we interview a hospital or health system using this innovation, an investor who has invested in this sector and their thoughts on why and the future of the sector, and finally an interview with a founder of a solution in this space, respectively.
In this week’s special bonus episode, we had the honor of speaking with Professor Craig Garthwaite, Associate Professor of Strategy and the Director of Healthcare at Kellogg. Professor Garthwaite is an applied microeconomist whose research examines the effects of government policies and social phenomena with a focus on the health and biopharmaceutical sectors. His recent work has focused on the private sector effects of the Affordable Care Act, including the labor supply effects of large insurance expansions, the changes in uncompensated hospital care resulting from public insurance expansions, and the responses of non-profit hospitals to financial shocks. In prior work, he has examined the impact of government cash assistance programs on health and the effect of changes in expected mortality from the emergence of crack-cocaine markets on educational attainment. Professor Garthwaite has testified before the United States House of Representatives and several state legislatures on matters related to the minimum wage and health care reforms.
Professor Garthwaite also studies questions of pricing and innovation in the biopharmaceutical sector. In this area, he has examined the effect of expanded patent protection on pricing in the Indian pharmaceutical market, the innovation response of United States pharmaceutical firms to increases in demand, and the relationship between health insurance expansions and high drug prices.
His research has appeared in journals such as the Quarterly Journal of Economics, the American Economic Review, the Review of Economics and Statistics and Health Affairs, and you have likely seen his work and interviews in the Wall Street Journal, the Washington Post, and Vox. He has also appeared as a guest on various television and radio shows such as Nightly Business Report and NPR Marketplace. In 2015, Professor Garthwaite was named one of Poet and Quants 40 Best under 40 Business School Professors.
A few of the topics that Chuck and Professor Garthwaite cover in the episode include:
- Professor Garthwaite’s background and how he arrived at his position at Kellogg
- The causes behind why we are seeing a recent trend in vertical integration among players in the healthcare space
- The incentive alignments between mergers such as CVS and Aetna and what the lay consumer might not understand about the benefits of such a merger
- Professor Garthwaite’s thoughts around what can be done about the high drug prices in the US
- Professor Garthwaite’s perspective on the Amazon- Berkshire-JPMorgan health venture and ideas around what these 3 companies aiming to achieve together
- Many point to misaligned physician incentives or the increase in diabetes or people not leading healthy lifestyles, that lead to the high healthcare costs in the US but Professor Garthwaite shares other factors to consider in this debate as well
- The tradeoff between innovation and access to care and how Professor Garthwaite defines innovation
- The type of “disruption in healthcare” Professor Garthwaite thinks truly has merit and will have impact
- Professor Garthwaite’s current research on Hospitals as Insurers of Last Resort and how hospitals may not be passing along all uncompensated-care costs to other parties such as hospital employees or privately insured patients
Connect with Professor Garthwaite:
- Kellogg Profile
- Professor Garthwaite on Twitter
- Healthcare at Kellogg
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
This week’s bonus interview welcomes Lee Shapiro of 7Wire Ventures to the podcast. Lee is Managing Partner at 7wire Ventures, an investment firm he co-founded over a decade ago. The fund’s focus is on building companies that empower connected informed health consumers to improved outcomes, facilitating the change from sick-care to wellcare. He is active with the 7wire portfolio and the boards of Livongo Health, Ayogo Health, Carebox, Zest Health, ConsejoSano, Modern Teacher and Education Funding Partners. He also serves on the boards of Medidata Solutions [NASDAQ:MDSO], Tivity Health [NASDAQ:TVTY], and Aptus Health (a Merck subsidiary [NYSE:MRK]).
As President of Allscripts [NASDAQ:MDRX] from 2001 through 2012, his leadership was central to over $4B in mergers, acquisitions and financings. He oversaw the company's strategy, international operations, business development and partnerships, health plan initiatives and entrepreneurial business investments.
He is a member of The World Innovation Network Board (TWIN, formerly known as Northwestern Kellogg KIN), the University of Chicago Innovation Fund Advisory Committee, The Samsung Strategic Advisory Board, The Qualcomm Life Advisory Council and the advisory board for the Center of Digital Innovation in Digital Health in Beer-Sheva, Israel.
Lee is a member of the National Board of Directors of The American Heart Association and has served as an officer and director of the Gastro-Intestinal Research.
Also joining this episode was special guest, and Healthbox President, Neil Patel.
In this Episode, Chuck, Neil, and Lee discuss:
- Lee’s early career, how he became President of AllScripts and some of the biggest lessons he learned at Allscripts
- How Lee realized and arrived at the investment thesis for 7Wire Ventures?
- Lee’s vision in creating, essentially, a 2-sided market, with startups on one side and 7wire’s strategic LPs on the other, which includes such names as Horizon Blue Cross Blue Shield, Memorial Hermann, and Rush University Medical Center, to name a few.
- With such a diverse set of strategic LPs, Lee’s philosophy on how to engage them in the investment process and in portfolio support
- Lee’s thoughts around innovation in Chronic care management and if, due to the recent emergence of advanced IOT and AI, we are on the cusp of seeing some major changes in this area
- What gave Lee the conviction early on to invest in a crowded disease management space, having participated in many of Livongo’s early funding rounds
- Lee’s approach to looking for and identifying new innovative healthcare business models and how the firm proactively looks to foster these types of models
- What Lee thinks is special about having his firm based here in the Midwest
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
Connect with Lee:
- 7Wire Ventures
- 7Wire Twitter
This week’s episode welcomes Erik Pupo, managing director in the Accenture Health Client Service Group, for the final part in our series around Blockchain Innovation in Healthcare. Erik is Accenture’s Healthcare Blockchain lead for North America, where he leads sales and implementation efforts with Accenture’s payer, provider, and life science customers on how to use blockchain technology to improve efficiencies within their businesses.
Erik has worked for over 20 years in healthcare, including senior positions in federal, state, and commercial healthcare programs and initiatives, and served in key leadership roles within the healthcare community. A speaker and thought-leader on trends influencing the healthcare industry, Eric holds leadership advisory positions within the American Health Information Management Association, the Healthcare Information and Management Systems Society, where he also became a fellow in 2012, and the Healthcare Financial Management Association. Previously, he worked at Deloitte where he led several health IT initiatives for the Office of the National Coordinator for Health IT, the Department of Defense, and the Department of Veteran Affairs (VA).
In this Episode, Chuck and Erik cover:
- Erik’s background and how he became interested in the blockchain
- Erik’s team and his role inside Accenture and the types of projects and thought leadership they produce
- How one “builds a blockchain”
- Who can actually touch or use the blockchain in a practical sense
- If different blockchains are interoperable with one another or can they be adjusted to be
- Blockchain innovation in the pharmaceutical industry
- How the blockchain can be used to help underserved populations and rural communities
- Erik’s advice to entrepreneurs building technology in the Blockchain space and to healthcare organizations who want to implement Blockchain technology
Connect with Erik:
- Accenture
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
Our guest today, John Bass, joins the podcast to talk about the use of the blockchain in healthcare and how it will drive innovation, now, and in the future. John is CEO of Hashed Health, a healthcare blockchain innovation firm focused on building the new digital infrastructure for healthcare. John has over 20 years of experience in healthcare technology with expertise in shared operating systems that build trust, transparency, and incentives across health networks.
Prior to Hashed Health, John was CEO at InVivoLink, a care management start-up which sold to HCA in 2015. Since then, John has been a leading voice in the development of the global healthcare blockchain market and is focused on community development, enterprise services, and blockchain solutions development.
Topics we cover in this episode:
- John’s background and focus on improving patient outcomes
- When the blockchain actually came to be and when and why it piqued John’s interest
- What the blockchain is
- The types of problems using the blockchain in healthcare aims to solve and how Hashed Health aims to accelerate this process
- How the blockchain will truly be disruptive in healthcare
Connect with John:
Connect with Hashed Health:
- Website
- Resources
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- https://chat.hashedhealth.com
- https://hashedhealth.com/blockchain-healthcare-resources/
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
Our guest today, Adrian James, joins the podcast to talk about innovation in the chronic care management space for the second episode in our series on this topic. Adrian is Co-Founder and President of Omada Health, a digital behavioral medicine company using behavior science to help people change their habits, improve their health, and reduce their risk of chronic disease.
Prior to co-founding Omada Health, Adrian led the medical products division of IDEO’s health practice where he focused on business development and client relationships, ranging from industry startups to Fortune 500 healthcare companies. Adrian also holds a BS and MS in Mechanical Engineering from Stanford University.
In this episode, Chuck and Adrian discuss:
- Adrian’s background, career at IDEO, and what led him to start Omada Health
- How the Omada Health platform works and how the company approaches taking a process that was typically done in person and delivering it digitally, while ensuring compliance and success
- The types of outcomes Omada has been able to achieve to date
- The importance of users on the Omada platform to be part of the communities within the platform and the importance of interpersonal touchpoints
- How Omada takes a user-centered design approach to make the product “sticky” and to keep people coming back to it
- What it was like raising the first money for the company and what was going on in the early stages of development
- How Omada plans to deploy the $50M recently raised in the company’s Series C round
- Adrian talks about Omada’s recently launched randomized trial of digital diabetes care in partnership with the University of Nebraska Medical Center to further gauge the efficacy of its program, which aims to keep those at risk for diabetes from developing the disease
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- "The PREDICTS trial is the next step in that evolution—it will track a range of healthcare and other outcomes, while establishing the highest level of clinical evidence for the effectiveness of a digitally-delivered intensive behavioral counseling program."
- Adrian’s advice to early entrepreneurs trying to innovate in the digital health space and what he thinks are key things to strive for or be on the lookout for
Connect with Adrian:
Connect with Omada Health:
- Website
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
Our guest today, Anand Parikh, General Counsel and Head of Business Development at Virta Health, joins the podcast for the first part in our series on Innovation in Chronic Disease Management. Anand began his career as Senate Fellow for the California State Senate and a clerk for the United States District Court. He then practiced at Morrison & Foerster LLP before joining Virta in 2015 as the company’s Chief of Staff, and 5th employee, and moving into his current role in 2016.
Virta is a treatment that safely and sustainably reverses type 2 diabetes without medications or surgery. Virta achieves this through innovations in nutritional biochemistry, data science, and digital tools combined with clinical expertise to shift the diabetes treatment paradigm from management to reversal. The company’s mission is to reverse type 2 diabetes in 100 million people by 2025 and they have some exciting clinical evidence and proven patient results to support that goal.
In this episode, we cover:
- Anand's background and his career and what led him to Virta
- The evidence that existed behind what Virta was trying to achieve when he joined the company
- The story of how the company came to be, how it was founded, and where the original business model came from
- Anand’s main responsibilities as General Counsel and Head of Business Development
- How the Virta Health model works from a diet and coaching perspective
- How Virta's technology platform has evolved over time
- How Virta leverages the data collected to iterate on the platform
- How Virta has taken something like diabetes treatment, which is inherently a high-touch and personal, and added a technology layer while ensuring not only patient buy-in but compliance
- The uses of behavioral economics Virta Health employs to drive patient change
- Anand tells us about the exciting results of Virta Health’s recent 1 Year Clinical trial
- The main goals of Virta’s recent fundraise
Connect with Anand:
- Virta Health
Connect with Virta
- Website
- Effectiveness and Safety of a Novel Care Model for the Management of Type 2 Diabetes at 1 Year
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
Happy new year from the Healthbox and the Podcast team! We are working hard on some great new series coming up in 2018 but before releasing those, we sat down with Healthbox President Neil Patel to hear about what he’s seeing in the healthcare innovation space and what he is predicting for 2018.
In this episode, Chuck and Neil cover:
- New podcasts series that will be coming early this year, including
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- Non-emergent medical transportation
- The use of the Blockchain in healthcare
- Innovation in Chronic care disease management
- A discussion around innovation and regulation from a government standpoint, including the FDA’s 2018 roadmap, which includes:
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- Four strategic policy areas: addiction crises, innovation, consumer empowerment and the FDA workforce
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- Reduce the burden of addiction crises that are threatening American families
- Leverage innovation and competition to improve healthcare, broaden access, and advance public health goals
- Empower consumers to make better and more informed decisions about their diets and health; and expand the opportunities to use nutrition to reduce morbidity and mortality from disease
- Strengthen FDA’s scientific workforce and its tools for efficient risk management
- What Neil is most excited about for healthcare innovation in 2018
Connect with Healthbox:
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
Today’s guest, Jason Calacanis, joins host Chuck Feerick to talk about his new book “Angel”, what it takes to be a successful angel investor, and a variety of other topics.
Jason is a technology entrepreneur, angel investor, and the host of two very popular podcasts, This Week in Startups and Angel. He got his start in the world of startups in New York and his second company, Weblogs inc., was sold to AOL in 2005, after which Jason became a “scout” for top-tier Silicon Valley venture capital firm Sequoia Capital. Since then, Jason has gone on to launch numerous ventures and is currently the founder of a series of conferences that bring entrepreneurs together with potential investors, frequently appears in the media, and most notably is a successful angel investor in over 100 companies, including both Thumbtack and Uber.
In this episode, Chuck and Jason discuss:
- Jason’s earliest role in New York with Silicon Alley reporter and what he learned about entrepreneurship in that process
- Jason’s first angel investment
- Why Jason decided to write a book, why now, and why he wants to give away all his best practices and secrets
- Where Jason says it is most important to be located geographically to be a great angel investor
- When meeting with a founder, what Jason believes are the most important things an aspiring angel should ask
- What Jason feels is the best way that angel investors can be helpful to their portfolio companies
- If Jason thinks that angel investors should stick to investing in the industries they know (e.g. should a doctor only invest in healthcare)?
- Regarding startup crowdfunding platforms, whether or not Jason feels these platforms are the best place for an angel investor to start and if some are better or safer than others
- What Jason thinks about ICOs
- What book, besides Angel, Jason thinks everyone should read
- Which of Jason’s investments he is most excited about right now
Connect with Jason:
- This Week in Startups
- Angel Podcast
- LAUNCH Festival
- LAUNCH Incubator
- Buy Jason’s book, Angel or on Amazon
- Jason's Private Syndicate
Connect with Healthbox:
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
This week’s episode is a special bonus episode recorded live at the 2017 Healthbox Fall Forum with three fantastic guests. The theme of the Fall Forum was Innovating Behavioral Change in Healthcare and each of our guests reflected on their biggest takeaways of the Forum and what they can do at their organizations with the knowledge they gained.
Featured in this episode are:
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Desert Horse-Grant, Senior Director, Research and Innovation at UCLA Health
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LinkedIn
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UCLA Health
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Alec Zopf, CTO of Wellth
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LinkedIn
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Wellth
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David Hochheiser, SVP Provider Networks & Healthcare Value at BCBS Louisiana
- BCBS Louisiana
Our guest today, Dr. Sam Volchenboum, is the Associate Professor of Pediatrics, Associate Chief Research Informatics Officer, and Director, Center for Research Informatics at University of Chicago Medicine. Dr. Volchenboum is an expert in pediatric cancers and blood disorders. He has a special interest in treating children with neuroblastoma, a tumor of the sympathetic nervous system.
In addition to caring for patients, Dr. Volchenboum studies ways to harness computers to enable research and foster innovation using large data sets. He directs the development of the International Neuroblastoma Risk Group Database project, which connects international patient data with external information such as genomic data and tissue availability. The Center he runs provides computational support for the Biological Sciences Division at the University of Chicago, including high-performance computing, applications development, bioinformatics, and access to the clinical research data warehouse. He is also currently collaborating with Google to use machine learning for better health care and has been written about in both Wired.com and the Washington Post. If all that wasn’t enough, Dr. Volchenboum is also co-founder of Litmus Health, a data science platform for early-stage clinical trials.
In this Episode, Chuck, new Healthbox team member and guest host Jessica, and Dr. Volchenboum discuss:
- Why Dr. Volchenboum chose to earn a Master’s in Biomedical Informatics from MIT and Harvard Medical School and how he merged that with his passion for computer science
- What the old way predictive modeling looked like and how data was made actionable, before the use of current applications of artificial intelligence
- What the U Chicago Medicine’s Center for Healthcare Delivery Science and Innovation is focused on and some of the biggest problems Dr. Volchenboum and his team are working to solve
- How Dr. Volchenboum’s collaboration with Google came to be, the big problems being tackled, and which of Google’s tools are being used
- As co-founder of Litmus Health, Dr. Volchenboum talks about the company and what spurred him to make the entrepreneurship leap
- What’s next for both Dr. Volchenboum’s Google collaboration and at Litmus Health
Connect with Dr. Volchenboum and his work:
- U Chicago Profile
- UChicago Medicine collaborates with Google to use machine learning for better health care
- UChicago Medicine and Google — a data-driven duo to watch
- Data Commons to Support Pediatric Cancer Research
- Development and Validation of a Deep Learning Algorithm for Detection of Diabetic Retinopathy in Retinal Fundus Photographs
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- Blog post
- Litmus Health
Connect with Healthbox:
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
Our guest today, Elad Benjamin, joins the podcast from Israel for the second episode in our series on innovation and the use of AI in healthcare. Elad is CEO and Co-Founder of Zebra Medical Vision and is a veteran Healthcare IT executive with over 20 years of experience in software and medical devices, in both startups and Fortune 500 companies. He has held senior roles in Healthcare IT companies, including playing key roles in taking companies public on the NASDAQ as well as managing complex global businesses implementing solutions in medical providers worldwide. Elad holds a BsC from Tel Aviv University and earned his MBA from the Stanford Graduate School of Business.
In 2014, Elad co-founded Zebra Medical Vision, an automated medical imaging diagnostic engine featuring a vast database and using machine learning to create diagnostic insights that will help physicians be more effective in treating their patients. To date, Zebra Medical Vision has raised over $20 million in venture funding from top tier firms including Khosla ventures, SalesForce co-founder Marc Benihoff, and Intermountain Healthcare.
In this episode, Chuck and Elad discuss:
- Elad’s background and how he initially got into healthcare and healthcare technology
- Where the idea for Zebra Medical Vision came from
- The biggest lessons Elad has learned from running his first company to now being at the helm of Zebra Medical
- How Zebra Medical ensures the AI within the platform only learns from the best data and gets smarter over time while staying uncorrupted
- How fast Elad believes the use of AI is moving in healthcare and how far he thinks we are from something truly industry/world changing
- How Elad earned investments from some of the world’s most well known venture capital firms
- The importance of the makeup of the Zebra Medical Board and what Elad looks for from a board member with such a technical business
Connect with Elad:
Connect with Zebra Medical Vision:
- Website
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
Our guest today, Kevin Freedman, joins me to talk about innovation and the use of AI in healthcare. Kevin is founder of NextPhase Partners, a firm providing independent support and guidance to entrepreneurs as they guide their companies through their next phases of growth. Prior to NextPhase, Kevin was an operating partner at Khosla Ventures and has more than 15 years of operating experience with leadership roles in both consumer and enterprise technology companies.
Before joining Khosla Ventures, Kevin was the CEO of Quid, a leading SaaS business intelligence platform, which Fortune 500 companies from Intel and McKinsey to Samsung and Barclays, among others, utilize to better understand the web’s unstructured data. Prior to Quid, he was an early executive at Slide, and took on the role of CFO where he built out the company’s business functions as they scaled to 150 million monthly users and ultimately drove the acquisition by Google.
Earlier in his career, Kevin held a variety of senior operating roles at eBay and PayPal, with his initial success in Silicon Valley beginning with Half.com, which was acquired by eBay in 2000.
In this episode, Chuck and Kevin discuss:
- Kevin’s background, and the path that led him into the world of startups and venture capital
- What are the roles and responsibilities of an “operating partner”
- How the investment in Zebra Medical Vision came to be and what got Kevin interested in taking a board seat
- The impact that Kevin thinks AI will play in Healthcare moving forward
Connect with Kevin
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
This week’s bonus episode was recorded live at the 2017 Healthbox Studio Showcase! Healthbox hosts the program to support and advance entrepreneurial innovation, which aligns with our overall mission to empower the reinvention of healthcare. The program helps accelerate emerging digital health companies and fosters relationships between startup founders and industry leaders. Healthbox hosts the program free of charge to selected companies with no required equity exchange. The Studio ran from October 9-13 at the Healthbox office in Chicago, IL and featured presentations, workshops, and mentor sessions from the Healthbox team and other industry leaders.
In this episode, host Chuck Feerick sat down with four participants from the Studio to explore what their companies do and the problems they solve, what some of their biggest takeaways from the week were, a favorite session or two from the week, and what is the first thing they’ll do once they get back to their teams
Our guests included:
Chris Wyatt, VP of Strategy and Sales at Parasail Health
Parasail Health helps providers and patients focus on treatment instead of payment by offering a suite of products that make medical bills affordable for patients and get providers paid right away.
Follow Parasail Health on Twitter @ParasailHealth
Matt Pierce, Co-Founder and CEO at TrustedHealth
Trusted Health is on a mission to improve access to care by optimizing the healthcare workforce. Their automated matching platform connects the right candidates with the right opportunities better and faster than ever before, starting with America's most trusted profession, nurses.
Follow TrustedHealth on Twitter @Trustednurses
Andrew Trees, Co-Founder and CEO at Agathos:
Agathos is a mobile analytics platform that empowers physicians to optimize their practice patterns and demonstrate the value of the care they provide.
Follow Agathos on Twitter @AgathosHealth
Bora Chang, Co-Founder & CEO at Kela Health
KelaHealth predicts risk for surgical complications using machine learning & proactively intervenes by guiding surgeons on best-practices at the point-of-care to decrease complications and improve quality of care.
Follow Kela Health on Twitter @KelaHealth
Connect with Healthbox
- Follow us on Twitter and @Chuckfeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
Our guest today, Drew Schiller, Co-Founder & CEO at Validic, joins Chuck on the Podcast for the final episode in our series around interoperability in Healthcare. Validic is a technology platform for convenient, easy access to digital health data from best-in-class clinical and remote-monitoring devices, sensors, fitness equipment, wearables and patient wellness applications.
Prior to co-founding Validic, Drew founded and ran a web development firm, founded and exited a niche dietary nutrition website for patients with celiac disease, and served as an Adjunct Instructor at the University of Iowa teaching graduate courses in web development and usability. Drew is currently a Board Member of the Consumer Technology Association (CTA) Health & Fitness Technology Division and serves on the Leadership Council for the eHealth Initiative (eHI) and participate in the eHI Interoperability Workgroup. On top of that, he is also an advisor for the Clinical Trials Transformation Institute Mobile Devices Project to advance the use of mobile devices in clinical trials.
In this episode, Chuck and Drew discuss:
- Drew’s background, and the path that led him to start Validic
- How the Validic platform works and helps solves interoperability issues in healthcare
- How Validic works with partner companies to ensure the data is secure and HIPAA compliant
- Validic’s recent developments with Microsoft and how Microsoft HealthVault Insights is integrating Validic into its platform
Connect with Drew
Connect with Validic:
- Website
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
On this week’s episode, we welcome Leland Brewster back on the program for the second part of our series around interoperability in healthcare! Leland is the Director of Fund Management for Healthbox and supports Intermountain Innovation Fund-related activities and heads Healthbox's seed investments in addition to supporting portfolio management efforts across all of its investment vehicles. Prior to joining Healthbox, Leland worked for Clarion Healthcare, a boutique life sciences consultancy in Boston. At Clarion, he was involved in multiple product commercialization and launch readiness projects, as well as the design and launch of a one-of-a-kind patient and physician support program. Leland received his BA in Economics and Chemistry from Williams College and received his MBA from Chicago Booth.
In this episode, Chuck and Leland discuss:
- The Intermountain Innovation Fund and the areas the fund is interested in investing
- What the evolution of the thesis of the fund has looked like and what led to that progression
- How the Intermountain fund differentiates from other strategic hospital funds and how they work with other strategic hospital funds
- How the relationship between Redox and Healthbox came to be and how that evolved into an investment
- How Leland looks at the current state of interoperability
- How Intermountain became interested in making an investment in Redox
- What about Redox and the team made Leland say “yes”
Connect with Leland
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review on Apple Podcasts
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on Apple Podcasts, SoundCloud, or Libsyn
This week’s episode is the first part of our new podcast series around Interoperability. Joining host Chuck Feerick on the program is Niko Skievaski, the Co-founder and President of Redox. Based in Madison Wisconsin, Niko started Redox in 2014 to reduce barriers to entry in healthcare technology and has thus created a Modern API for EHR integration. Niko is a board member and co-founder of 100State, Wisconsin’s largest co-working space as well as co-founding BreadcrumbsQA, a searchable Q&A knowledge management platform originally deployed at Epic.
In this episode, Chuck and Niko cover:
- Niko’s background and the path that led him to start Redox
- The problem Redox solves, how Redox works, and why a solution like Redox is so important
- Redox’s partnership with CloudMine and what the partnership looks like, as well as other partnerships
- What the current state of the interoperability market looks like today and what sets Redox apart
- The interplay between FHIR and the APIs the government promised in the 21st Century Cures Act, as well as the new marketplaces from companies such as Athena, Cerner, and Epic
- What Niko says has been the hardest part about building the company
- What the fundraising process was like for Redox and how Niko helped investors understand the magnitude and ROI on this problem
- Why Niko and team decided to found the company in Madison, Wisconsin and how Madison is in terms of its startup community and resources
Connect with Niko
Connect with Redox
- Website
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
Listen to this episode on iTunes, SoundCloud, or Libsyn
This week we have a bonus episode of the podcast with Jeff Hyman, Founder and Chief Talent Officer of Strong Suit, a firm that helps build Rockstar top-teams for VC & PE portfolio companies. In addition to founding Strong Suit, Jeff is an Adjunct Professor at the Kellogg School of Management, is the Author of The Ultimate Guide to Hiring Growth Rockstars and the Host of the iTunes rated 5-star Strong Suit Podcast, and is CEO-in-Residence at Sterling Partners, a $6B Chicago PE firm. Along the way to founding Strong Suit, Jeff has raised $55M in venture capital, and has been CEO and Founder of 4 different companies, including Chicago-based Retrofit, where he is now Chairman.
Jeff joins us on the program today to talk about Finding and Hiring Rockstars at your Startup and how to avoid costly mistakes in this crucial process.
Topics we discuss in this episode include:
- Jeff’s background and what led him to building a company in the healthcare space
- The astonishing number of times Jeff got rejected before one the world's most prominent investors said “yes” to him
- How Jeff defines a “rockstar”?
- How a busy founder can build in more time to focus on recruiting
- How to balance hiring for talent vs. culture and,
- How Jeff ensures he hires for diversity among teams
- The best questions to ask during the actual interview
Links and Resources:
- The Strong Suit 8 Immutable Truths of Talent for VC & PE Companies.
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- People are the ultimate competitive differentiation
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- Creating a culture that draws in talent is the only way to stay ahead for the long term.
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- There is no such thing as a perfect candidate
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- You’ll be waiting forever. Instead, identify the must-have competencies & never settle.
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- Recruiting is sales & marketing, not human resources
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- It’s all about the funnel. First, plug the leaks. Then, fill the funnel.
- 4.You must give top-performers a reason to listen
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- Rockstars have never had more options. You need to create a compelling employer value proposition.
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- Recruiting must be based on things that are predictive of success
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- DNA is far more predictive than experience, education, or personality.
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- A top-performer at one company is not always a top-performer at another
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- There are no shortcuts, even if they worked at your competitor.
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- Using your “gut” in recruiting is right 50% of the time
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- But which 50%? Trust the process, and increase your accuracy to 90% or more.
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- To build a successful business, winning the war for talent must be your #1 priority
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- You must invest at least 30% of your time on recruiting & retention.
Connect with Jeff
- Strong Suit
- Strong Suit Podcast (iTunes)
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
This week’s episode is the third and final installment of our series in On-Demand Healthcare. Our guest today is Kelly Perdew, Managing General Partner of Moonshots Capital – an early stage angel syndicate that invests in early stage technology companies and leans in heavily on veteran founded companies. He is co-founder & Managing Partner at The DuMont Project – a consultative agency that helps accelerate the growth of direct to consumer brands. Prior to DuMont Project he was the CEO of Fastpoint Games, a venture-backed leading developer of live data-driven games for the fortune 500 brand set.
Kelly earned a BS from the US Military Academy, West Point, a JD from the UCLA School of Law, and an MBA from the Anderson School at UCLA. Kelly served in the US Army as a Military Intelligence Officer and completed Airborne and Ranger training and is also an accomplished author and speaker on leadership.
At Moonshot Capital Kelly and his cofounder Craig Cummings bring a disciplined approach to the investment process to identify companies with exceptional growth potential. They form close working relationships with the companies they back to help them achieve their critical milestones and frequently take on Board seats or formal advisory roles. As West Point graduates and veterans, they look to invest 50% of all deals in companies that are military veteran founded or run.
In addition to all of this, Kelly was the winner of the 2nd season of NBC’s “The Apprentice”!
In this Episode, Kelly speaks with Chuck and Healthbox Fund Associate Caroline Arenz about:
- Kelly’s fascinating background and experience
- After his experience as a company founder and CEO, how Kelly got into Angel and venture investing
- How Kelly defines a “moonshot” and his clear set of determining factors that allows him to make quick “no” decisions
- How Kelly got interested in On-Demand Healthcare and what led to his investment in PlushCare and why he considers PlushCare a “moonshot”
- What Kelly thinks thats healthcare companies could learn from taking ideas from other industries
- Of the 10 point checklist of selection criteria for companies Kelly invests in, which are the most important things he is looking for in the company founders he looks to invest in
Links
Connect with Kelly
- Website
Connect with Moonshots Capital
- Website
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
This week we have Sameer Khanna, VP of Engineering at Pager on the program in the second part in our series around on-demand healthcare, specifically the use of AI in on-demand healthcare!
Sameer holds a bachelors in Information Technology from Rochester Institute of Technology and a Masters of Computer Science from NYU. Prior to joining Pager, Sameer served as a key contributor at Lot18, successfully positioning the company as one of the largest wine e-commerce businesses. He then joined Viyet as CTO, and drove company revenue to 15x within 12 months with the construction of an e-commerce storefront, seller portal, and redesign of the marketplace website. In 2015, Sameer joined Pager as the Vice president of engineering.
In this episode we cover:
- Sameer’s background and how he came to his role at Pager and how he dealt with the learning curve of getting into the healthcare space, coming from an e-commerce background
- How Sameer delineates the difference between Artificial Intelligence and Machine Learning
- What this version of Pager with artificial intelligence embedded looks like and how both patients and clinicians use it
- How Pager uses the data gathered to help the platform get smarter over time
- Where Sameer sees AI in healthcare going
- What in healthcare innovation currently is Sameer most excited about
Links
Connect with Sameer
Connect with Pager
- Website
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
This week we have a great episode with Myra Hager of Baylor Scott & White Health and Dore Murphy formerly of Pager!
Myra is the Director of Digital Health at Baylor Scott & White Health (BSWH) where she manages population health innovation strategy and project execution with a goal of achieving better population health by substantially improving outcomes, driving costs down, empowering their ACO and Health plans with digital solutions, as well as create opportunities for new business models to achieve population health.
Dore was formerly the VP of Marketing at Pager, a company that is Reinventing the traditional doctor-patient experience by making quality care more convenient and accessible by sending a board-certified doctor to treat urgent care needs, at any location, summoned directly through their app. Prior to joining Pager, Dore led marketing at Sum and has a great experience working for a number of years at the New York Times
In November of 2016, BSWH and Pager announced a partnership to bring Pager’s services to BSWH’s network in the Austin area
In this episode we cover:
- What the partnership between Pager and Baylor Scott & White Health looks like and the parameters of the pilot
- How this collaboration came together
- Why Health Systems are the perfect partners for Pager and the types of services that will be offered
- Where Dore and Myra see Telehealth playing into the future of on-demand healthcare and how Baylor Scott & White Health has approached it
- How Pager and Baylor Scott & White Health think about maintaining efficiency in using clinicians for their on-demand healthcare offerings
- Where Dore and Myra see the future of on-demand healthcare going and how it will transform the way medicine is delivered now
Links:
Baylor Scott & White Health
- Website
Pager
- Website
Myra Hager
Dore Murphy
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
Listen to this episode on iTunes, SoundCloud, or Libsyn
Today we have another great bonus episode featuring Glenn Winokur, Senior Advisor to Healthbox. Before Glenn came on board with Healthbox, he was Co-founder and CEO of Syapse, a company which he Incubated from an idea in a Stanford class to a market leading venture funded start-up that provides a precision medicine data platform enabling healthcare providers to use molecular profiling to diagnose and treat patients. Under Glenn’s leadership over an 8 year period, Syapse raised over $40m in venture funding. Prior to Syapse, Glenn was the CEO of Scalix and Chief Operating Officer of NetIQ, respectively. In addition to Healthbox, Glenn is an advisor to the University of Illinois, Stanford University, and UCSF. And with all this experience, Glenn has become an angel investor with investments including Puppet Labs, Cloud Sherpas (now part of Accenture), SchoolMessenger (now part of West Corp), Syapse, and Panthenon.
In today’s episode we cover:
- Glenn’s background and role with Healthbox
- The story behind Glenn’s first investment and how did he arrived at the financial position to do so
- What draws Glenn to investing in Healthcare and why
- The key things Glenn wants to see if a company that he invests in
- How important Glenn’s background scaling companies and acting as CEO has been in his investing strategy
- What Glenn thinks entrepreneurs should consider about when raising from angels
Connect with Glenn:
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
Listen to this episode on iTunes, SoundCloud, or Libsyn
This week’s episode is the last episode in our series on new models of Primary Care! Our guest today, Michael Greeley, is a General Partner at Flare Capital Partners. Prior to co-founding Flare Capital Partners, Michael was the founding General Partner of Flybridge Capital Partners where he led the firm’s healthcare investments. Michael’s current and prior board seats include HealthVerity, Iora Health, Predilytics, TARIS Biomedical, and Welltok. Michael also serves on the Industry Advisory Board of the Cleveland Clinic and Boston Children’s Hospital, as well as serving on several other boards including the New England Investors’ Committee of Capital Innovation. Michael is most excited about the convergence of healthcare and information technologies and the profound opportunities to transform healthcare and writes about this and other topics on his blog www.ontheflyingbridge.com
In this episode we cover:
- Michael’s background, work at Flare Capital, and his specific areas of investment interest
- How Flare Capital’s investment in Iora Health came together and what led him to say yes
- Michael’s general thoughts on entrepreneurs trying to build standalone primary care models and if he thinks this helps or could create more fragmentation in the system
- Where Michael sees the future of these New Models of Primary Care heading
- Michael’s thoughts around a blog post he wrote in that “if V1 of the Healthcare technology sector was triggered but the HITECH Act of 2009, the sector is now entering V2.0 where the commentary is focused on Artificial Intelligence and Virtual Reality solutions to make the healthcare system “capital light” to drive meaningful operating efficiencies from the significant investment of the past three years."
- What opportunities Michael believes will develop over the next few years
- If Michael sees a growth in early stage investment over the next few years or if he thinks we’ll see the percentage grow in Series B and later investments
- Why Michael thinks "Brands will become even more important”
Links mentioned in the show:
- Steve Kraus at Bessemer Ventures https://www.bvp.com/team/stephen-kraus
- https://ontheflyingbridge.wordpress.com/2017/02/21/potential-next-steps-where-to-invest/
Connect with Michael:
- Blog
Connect with Flare Capital Partners:
- Website
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
Today’s episode is the second episode in our series on new models of Primary Care! Our guest today, Rushika Fernandopulle, MD, is Co-Founder and CEO of Iora Health. Rushika is a physician who has spent more than ten years involved in efforts to improve the quality of healthcare delivered to patients. He was the first Executive Director of the Harvard Interfaculty Program for Health Systems Improvement, and served as a Managing Director of the Advisory Board Company. He serves on the faculty and earned his MD and Masters in Health Policy from Harvard University and completed his clinical training at the Massachusetts General Hospital. In 2011, Rushika Co-founded Iora Health; Iora Health is building a different kind of health system to deliver high-impact, relationship-based care, helping patients manage their health and navigate the healthcare system.
In this episode we cover:
- Rushika’s background and where his interest in improving healthcare delivery came from
- How the Iora Health model works
- What early iterations of the business model look like and what did Rushika try before arriving at what Iora is today
- As the company grows, how Iora Health continue to embrace innovation
- Iora Health has raised over $123M in funding to date; Rushika discusses the crucial inflection points in knowing when it was time to bring on new capital
- How Rushika responds to the criticism that these standalone primary care models could create more fragmentation in the system
- As Iora Health continues to expand and to raise money, besides capital, what Rushika looked for in his initial investors and what he looks for now in the later rounds
- Iora Health launched an Accountable Care agreement with Humana in Arizona and Washington for their Medicare Advantage population beginning in 2014. Rushika explains how Iora works with Humana and other insurers and where he sees possible opportunities moving forward
- What Rushika thinks about partnerships with health systems
- Where Rushika sees the future of these New Models of Primary Care heading
Connect with Rushika:
Connect with Iora Health:
- Website
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
Today’s episode is the first in our new series on new models of Primary Care! Our first guest on the program is Niyum Gandhi, Executive Vice President and Chief Population Health Officer at Mount Sinai Health System. Niyum is responsible for leading Mount Sinai Health Partners and aligning clinical and economic transformations in support of Mount Sinai’s vision to be the leading population health manager in the region, as well as the best possible partner to the Health System’s broad physician community. His work includes fostering care management and clinical model redesign to ensure that high-value care is delivered by the Health System and its partners, and working with payers and self-funded employers to establish the new economic models that support the delivery of value-based care. Neil Patel, President of Healthbox, also joined this conversation.
In this episode we cover:
- Niyum’s background, previous work around ACOs, and his role at Mount Sinai
- If Niyum thinks entrepreneurs trying to build standalone primary care models creates more fragmentation or less in the system
- How the Mount Sinai partnership with Oscar Health to open a primary-care clinic in Brooklyn came to be
- What success in this Oscar Health partnership looks like
- How Niyum is thinking about translating the benefits of this partnership to all of the Mt. Sinai patients
- Patient feedback and the process of scaling what Mt. Sinai have learned to date in this partnership
- If Niyum and Mt. Sinai feel these tight alignments with companies like Oscar Health is the way of the future
- The other areas of innovation and transformation at Mt. Sinai the Niyum is focused on
Connect with Niyum:
Connect with Mt. Sinai Health System:
- Website
Connect with Oscar Health:
- Website
- News
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
This week we have a special episode recorded live from the 2017 Spring Healthbox Innovation Forum. The Healthbox innovation forum brings together some of the nation’s foremost leaders in healthcare and innovation from a variety of different organizations across the healthcare ecosystem. Our Spring Innovation forum was focused around “Redefining the Role of the Home in Healthcare”.
The day consisted of presentations, an opening keynote, breakout activities, and an interactive and engaging panel discussion. At the conclusion of the event, Innovation Consulting Manager and host of Innovation Rising, Chuck Feerick, sat down with three great guests to get their takes on the day, what surprised them, and what they might start doing at their organizations based on what they heard at the Forum.
Chip Blaufuss, Associate Vice President of Strategic Innovation for (HCA)
Sheri Shapiro, Senior Vice President-Mergers, Acquisitions, and Partnership Development at Trinity Health
Nimesh Jhaveri, Division Vice President, Walgreens
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
This week’s podcast features our interview with Adam Draper, Founder & Managing Director of Boost VC. Adam is a 2x entrepreneur and a 4th generation venture capitalist. He also co-founded Xpert Financial while still in his senior year at UCLA, which he then left in 2012, focusing on angel investing in which he invested in 20 companies, including Coinbase, Plangrid, and Practice Fusion, before starting Boost VC with this co-founder Brayton Williams.
Launched in 2012, Boost VC is a specialized seed-stage accelerator that invests in blockchain and virtual reality startups. Twice a year Boost VC invests in 25+ startups. The three month accelerator program includes housing and office space in Silicon Valley. Boost’s Portfolio consists of 138 companies, who have raised over $125M after joining Boost VC.
Adam joined Chuck Feerick and Healthbox President & COO Neil Patel to talk about Investing in Virtual Reality in this final part in our series on Virtual Reality in the healthcare space.
A few of the topics we dive into in this episode include:
- Adam’s background, how he came to develop an interest in VR, and how close he is to developing an Ironman Suit
- How the Boost VC Model operates and how Adam helps companies in the VR space
- The concept of VR has been around for over 30 years, yet last year we saw more than $2B in VC money pour into the AR/VR, space continuing a trend we’ve seen over the past few years. Adam breaks down what is making this growth take off
- Why Adam thinks Healthcare is an underrated space
- Adams’ current healthcare investments and what makes him say “yes” or “no”
- Given Adam’s experience in gaming, entertainment, and retail, Adam discusses possibilities for VR in Healthcare
- The overall challenges that VR startups face and Adam’s advice for overcoming them, from an investor’s perspective
- What Adam thinks needs to happen for VR to go from a “cool” gadget to transformative technology
Links:
Innovation Rising Episode 19: Bonus - Accelerator/Studio Program Roundtable with Healthbox and Adam Draper of Boost VC
Connect with Adam:
- Medium
Connect with BoostVC
- Website
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
This week’s podcast features our amazing interview with Matthew Stoudt, the CEO of AppliedVR. Matthew was previously cofounder and CEO of Outcast Media International (which was sold to Verifone), the McDonald’s New Ventures Entrepreneur in Residence, ran private equity at Triumph Capital Group and investment banking at DLJ, and earned his MBA from the Kellogg Graduate School of Management.
Matthew joined us on the program to talk about the work he and his team are doing with applied VR in this second part of our series on Virtual Reality in the healthcare space.
A few of the topics we dive into in this episode include:
- Matthew’s background and how he came to develop an interest in VR
- Matthew and AppliedVR’s work with Dr. Brennan Spiegel of Cedars-Sinai and how that relationship with Cedars-Sinai came into place
- How AppliedVR’s technology works to influence behavioral changes and how it plays in the behavioral health space
- How AppliedVR is using big data to help with treatment development and what kind of data they are looking at, how it is collected, and how AppliedVR is building on it over time to adaptively implement what the data is showing
- What Matthew says has been the hardest part of building the company and how he is overcoming that
- Matthew’s thoughts on how critical it is for entrepreneurs in the healthcare space to have close relationships with providers and healthcare systems, like Cedars-Sinai, as they build out their technology
- What has surprised Matthew most in his work to date
- Matthew’s thoughts overall on the future of VR
Links:
Connect with Matthew:
Connect with AppliedVR
- Website
- Why Arianna Huffington Is Calm When Falling 500 Feet
- Better Than Opioids? Virtual Reality Could Be Your Next Painkiller
- AppliedVR Experiences Introduction
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
Our guest this week is Dr. Brennan Spiegel, Director of Health Services Research for Cedars-Sinai Health System and Professor of Medicine and Public Health at UCLA. Dr. Spiegel joins us on the program for this first part in our series around Virtual Reality in Healthcare.
Dr. Spiegel directs the Cedars-Sinai Center for Outcomes Research and Education (CS-CORE), a multidisciplinary team that investigates how digital health technologies, including wearable biosensors, smartphone applications, virtual reality, and social media, can strengthen the patient-doctor bond, improve outcomes, and save money. CS-CORE unites clinicians, computer scientists, engineers, statisticians and health services researchers to invent, test, and implement digital innovations for the clinical trenches, always focusing on the value of technology to patient and provider end-users.
Dr. Spiegel has published numerous best-selling medical textbooks, editorials, and more than 160 articles in peer-reviewed journals. He is listed in the 2016 Onalytica "Top 100 Influencer" lists for digital health (#13) and virtual reality (#14). His digital health research has been featured by major media outlets, including NBC News, PBS, Forbes, Bloomberg, NPR, and Reuters.
In this episode, we discuss:
- Dr. Spiegel’s background and how he came to develop an interest in VR?
- The work Dr. Spiegel is doing involving the patients;
- The outcomes of this work and how patients have reacted
- Why this kind of treatment works and what is going on in the brain that allows VR to be effective
- The "spotlight attention theory"
- The Moment of Cognitive Immersion and the Moment of Physiologic Immersion
- How a doctor can know which is the best type of VR treatment and the ideal immersive scenario for an individual patient
- The role of the “VR Pharmacy"
- How VR Therapy can be cost effective and what can be measured in a value-based setting
- What is next for VR in healthcare and what Dr. Spiegel sees happening in the next 1-2 years and in the next 10 years
Links:
Connect with Dr Spiegel:
- Website
- Virtual reality therapy treatments aim to reduce need for opioid use | Cronkite News
Connect with Healthbox
- Follow us on Twitter and @ChuckFeerick
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
This week’s episode is another special Bonus Episode of Innovation Rising! I’m joined in the studio today by 3 great guests to discuss Accelerator/Studio programs, the benefits of these programs, and how companies can get the most from such an opportunity. Adam Draper from Boost VC joins us to talk about the Boost VC Accelerator and with me in the Studio from Healthbox is Matty Francis, Director of Innovation Consulting, and Kristen Lux, Outreach and Engagement Manager
A few of the topics we get into in this episode:
- What an accelerator is
- How the Boost VC accelerator operates and what are the types of companies that should apply
- Are accelerators necessary? There are so many; what is the true value an accelerator provides beyond cash for equity?
- How the Healthbox Studio works and what are the types of companies that should apply
- What companies can do to make the most of their opportunity in the program
- Which companies should not go to an accelerator
- What startups should look for in an accelerator/Studio program
- How the Boost Accelerator and Healthbox Studio are complementary to one another
- Application information for both programs
Links:
Connect with Adam and Boost VC:
- Boost VC
- Boost VC Accelerator Application
- Adam on Twitter
Connect with Healthbox
- Healthbox, Studio Information, and Application
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
Our guest today, Tressa Springmann, is the Vice President and Chief Information Officer for LifeBridge Health. Tressa joins us for this final episode in our series around Patient Identity in Value-Based Care.
LifeBridge Health is a regional health care organization based in northwest Baltimore and its surrounding counties. LifeBridge Health consists of Sinai Hospital of Baltimore, Northwest Hospital, Carroll Hospital, Levindale Hebrew Geriatric Center and Hospital, LifeBridge Health & Fitness, hundreds of primary care and specialty physicians throughout the region, and many affiliated health-related partners.
Prior to joining LifeBridge Health, Tressa was the Vice President and Chief Information Officer for the Greater Baltimore Medical Center. In addition, Tressa has a Masters of Administrative Science in Information Technology (MAS) from John Hopkins University and she currently serves as the chair of the technology committee of the Chesapeake Regional Information System for our Patients.
A few of the topics we get into in this episode:
- An overview of Tressa’s background and how she came to her role at LifeBridge
- How LifeBridge is approaching the shift from FFS to value-based care and what are some of the larger trends or themes Tressa has seen across the healthcare industry with respect to value-based care
- How LifeBridge is approaching value-based care using innovation and the types of programs in place at LifeBridge to support innovation
- Why Tressa believes it is important for patients to own their own medical data
- LifeBridge’s approach to embracing digital health solution in the population health space and fostering innovation rather than stifling it
- How Tressa is involved with CRISP - the Chesapeake Regional Information System for our Patients – and what solutions like Health Information Exchanges are doing to forward value-based care
Links:
Connect with Tressa:
Connect with LifeBridge:
- Website
- CRISP – Chesapeake Regional Information System for our Patients
Connect with Healthbox
- Follow us on Twitter
- Follow me on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
On our episode this week, our interview features Chris Olsen, Co-Founder and General Partner at Drive Capital, for the second part of our series around Patient Identity in Value-Based Care! Chris is a Cincinnati-native, but previously was a partner at Sequoia Capital beginning in 2006 before co-founding Drive Capital in 2013. He joins Neil Patel, COO & President of Healthbox, and myself in this episode to discuss the move to Value Based Care and the investment opportunities this shift has created.
In this episode, Chris, Neil, and I discuss:
- Chris’s background and how he came to start Drive Capital
- Why Chris is interested in the Value Based Care space and what about the companies he has invested in made him say “yes”
- As an investor who is not solely focused on the healthcare space, what are some of the things Chris needs to be comfortable with as he evaluates investments
- The advantages/disadvantages to having a broader investment focus
- Whether or not Chris thinks we are in a “bubble” as it relates to investment dollars in the venture capital space
- If 10 years down the road, companies were no longer focused on building toward value, what Chris believes they would be building toward
- What Chris thinks about the future of value-based healthcare models
Connect with Chris:
Connect with Drive Capital:
- Website
Connect with Healthbox
- Follow us on Twitter
- Follow me on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
This week, our interview features Sean Lane, Founder of CrossCHX, for the first part of our series around Patient Identity in Value-Based Care. CrossChx is a platform and app that securely stores a user's medical history, prescriptions, and more all on a smartphone. A user can share their profile with any provider they want, eliminating paper forms while protecting a user's medical identity.
In this episode, Sean and I discuss:
- Sean’s background and how he came to found CrossChx
- How the CrossChx platform works and how it solves a variety of healthcare inequities
- Why Patient Identity in Value-Based Care is an important problem to fix and why patients need to own their Identities
- How this moves us toward a value-based care model rather than traditional FFS
- How CrossChx is approaching building in AI and Machine learning and a “Digital assistant" to make sure physicians see the most important and relevant data
- Sean’s strategy around raising funds from both Midwest-based firms like Drive Capital in Columbus, OH, and from Khosla Ventures on the West Coast
- How the differing geography of CrossChx’s investors has played a role in the help they are able to provide
- Sean’s thoughts on the future of value-based healthcare models
Connect with Sean Lane:
Connect with CrossChx:
- Website
- Blog
Connect with Healthbox
- Follow us on Twitter
- Follow me on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
Listen to his episode on iTunes, SoundCloud, or Libsyn
This week we have a special episode that was recorded live SXSW in Austin. This year, SXSW featured a track on Healthcare from 3/10 - 3/14 which Neil Patel, Leland Brewster (www.healthbox.com/team), and I attended, as well as a number of the tech and innovation focused. We had a great time and learned a lot and in this episode we cover some of the important things we learned and emerging trends we saw. In this episode we discuss: * New developments around genetic data and the importance of this data as it relates to gene editing * The safety and infrastructure layers of data protecting and sharing * Corporate Innovation: advice for both corporations and startups + Corporate Innovation Resources from NESTA - Better Collaboration with Corporates: Downloadable Tools for Startups - Better collaboration with startups: Downloadable tools for corporates - Better collaboration with startups: Tips for corporates and http://www.nesta.org.uk/sites/default/files/recomendation_for_corporates_2.pdf - Better collaboration with corporates: Tips for startups and http://www.nesta.org.uk/sites/default/files/recomendationfor_startups_and_scale-ups.pdf - Winning Together: A guide to successful Corporate-Startup Collaboration (PDF) * Thoughts around “To Build in Health, Follow the $, Not the Patient" + Resources: - RIFLE Analysis from Khosla * Improving targeting with meaningful quantitative analysis + “Market Rifle” – what market segments should we be in? + “Account Rifle” – which accounts should we target? + “Channel Rifle” – what channel strategy, what partners? - http://www.khoslaventures.com/rifle-framework - http://www.khoslaventures.com/project-rifle * How Healthbox uses the Radical Candor framework from Kim Scott and Christa Quarles + Radical Candor - Website - Book * Keynotes: + Collaborative Innovation in the Digital Health Age - Clay Johnston * Dell Medical School at UT Austin - Ginni Rommety * IBM Corporation - Alex Gorsky * Johnson & Johnson + Mark Cuban - Blog Maverick + Chris Sacca - Lowercase Capital
Innovation Rising Episode 14: David Cohn of Regroup Therapy and Bob Saunders of OCA Ventures (Part 2)
In this week’s special interview I am rejoined in the studio by 3 guests to discuss digital innovation in healthcare around Behavioral Health: David Cohn, CEO, Founder of Regroup Therapy, Bob Saunders, General Partner at OCA Ventures, and my co-host for this episode, Neil Patel, President and COO of Healthbox.
This is part 2 of a 2-part interview with Bob and David! Make sure to go back and listen to Part 1 if you missed that episode!
In the interview, we discuss:
- How having OCA and Bob as an investor has been helpful to David and some examples
- Lessons David would share with other entrepreneurs about making a deal with large customers and factors that led to that success
- David’s lessons learned from deals that didn’t go through
- David’s thoughts on the advantages of starting a company in Chicago that most entrepreneurs overlook
- Bob and OCA Venture’s outlook on the advantages of investing in the midwest that most investors don't think about
- Where Bob sees the intersection of Behavioral therapy and digital health space heading in the future
Connect with David:
Connect with Bob:
Learn more about Regroup Therapy
- Website
Learn more about OCA Ventures
- Website
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
Welcome back to Part 2 of our special bonus episodes featuring a recap and insights from the 2017 HIMSS Conference that happened in Orlando last week. The HIMSS Conference brings together IT vendors, providers, payers, investors, and key thought leaders in the Healthcare IT space. Some 40,000 participants attended the lectures, panels, meetings and exhibits.
This special 2-part set of bonus episodes features interviews from many of the Healthbox team that attended the conference. This second episode includes interviews with:
- Justin Gernot - VP Business Development
- Caroline Arenz - Associate, Fund Management
- Leland Brewster - Manager, Fund Management
- Matty Francis - Director, Innovation Consulting
Enjoy this episode and let us know any questions you have or Tweet us about your experience at HIMSS 2017!
Links Mentioned in this Episode:
- HIMSS Conference
- HX360 Innovation Leaders Program- Betting on Collaboration for the Future of Healthcare
- Evaluating the Impact of Interoperability on Healthcare Outcomes: Pilot Study
- Microsoft announces new health-focused initiatives and solutions, and emerging strategic research partnership with UPMC
- University of North Carolina Center for Health Innovation and AARP Collaborate on Digital Health Solutions for the 50+ Population
- Moving Patient Data Is Messy, But Blockchain Is Here to Help
- Wellpepper
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to this episode on iTunes, SoundCloud, or Libsyn
This week we have a special bonus episode featuring a recap and insights from the 2017 HIMSS Conference that happened in Orlando last week. The HIMSS Conference brings together IT vendors, providers, payers, investors, and key thought leaders in the Healthcare IT space. Some 40,000 participants attended the lectures, panels, meetings and exhibits.
This special 2-part set of bonus episodes features interviews from many of the Healthbox team that attended the conference. This first episode includes interviews with:
- Dr. Eric Louie - Chief Medical Officer
- Blake Miner - Associate, Innovation Consulting
- Emily Wengel - Manager
- Chuck Feerick - Manager, Innovation Consulting, Innovation Rising Podcast host
Enjoy this episode and let us know any questions you have or Tweet us about your experience at HIMSS 2017!
Links Mentioned in this Episode:
- HIMSS Conference
- Keynote Speaker: Ginni Rometty
- Innovation is Heartbeat of Healthcare
- AHIP Innovation Lab
- HX360 Innovation Leaders Program: UPMC-Journey to an Innovation Hub
- Beyond Verbal
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
In this week’s special interview I am joined in the studio by 3 guests to discuss digital innovation in healthcare around Behavioral Health: David Cohn, CEO, Founder of Regroup Therapy, Bob Saunders, General Partner at OCA Ventures, and my co-host for this episode, Neil Patel, President and COO of Healthbox.
This is part 1 of a 2-part interview with Bob and David so make sure to listen to part 2 next week!
In the interview, we discuss:
- David’s background and where the idea for Regroup come from
- Why David chose a “health system/provider model” over the direct to consumer model
- Bob’s background and specific focus at OCA Ventures
- What attracts Bob to investments in the Behavioral Health space
- How Bob approaches being involved with the companies he invests in
- What David was looking for in an investor
- The advantages about starting a company in Chicago that most entrepreneurs overlook
Connect with David:
Connect with Bob:
Learn more about Regroup Therapy
- Website
Learn more about OCA Ventures
- Website
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
This week we kick off the first episode in our 3-part series on the topic of Behavioral Health in the digital healthcare space! Our featured interview is with Chris Novak, who is the COO of the Behavioral Medicine Service Line at AMITA Health.
During the interview, we discuss: Chris’s background and role at AMITA Health, what types of tools AMITA Health use as it relates to behavioral health innovation, and Chris provides some great advice to entrepreneurs in what they should be thinking about when pitching a health system and where this industry is still in need of innovation .
In our conversation, Chris and I discuss:
- Chris’s background, his role at AMITA Health, and his areas of interest
- How Amita Health is utilizing products to allow patients to capture their symptoms outside of therapy/treatment and to prevent relapse
- If Chris thinks tele-psychiatry or computer-based therapy is a more promising option for effective treatment
- What Chris is looking for in terms of digital behavioral health solutions and the teams behind those solutions
- Chris’s insights on what he looks for when he rolls out new innovation at Amita Health
- How Amita Health structures pilots and what should a smart entrepreneur build into their pilot pitch
-
What Chris thinks current Behavioral Health technology is getting right at this moment and where he thinks there is still opportunity for improvement and innovation
-
What excites Chris most about healthcare innovation right now and who he would like to hear speak about it
Connect with Chris:
Learn more about Amita Health
- Website
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
This week’s interview is a bonus episode recorded during the Healthbox Chicago Studio week in November of 2016 with Matt Schneider. Matt is the founder of Save On Medical, an online marketplace that uses price transparency to help patients make informed care decisions based on cost, quality, or convenience while locking in discounted prices with no hidden fees.
In our conversation, Matt and I discuss:
- Where the idea for Save On Medical came from and the “why” behind creating the company
- What made Matt uniquely suited to launch Save On Medical
- When a company has a string of early successes, what are some important lessons Matt thinks the leadership should keep in mind
- Matt’s lessons with respect to building culture
- How Matt balances the desire to pivot against keeping on the path that has already brought the company success
- The key things Matt recommends entrepreneurs do prior to meetings with investors or mentors and some examples from Matt’s journey
- What Matt wishes he knew before he launched his business that he knows now
Connect with Matt:
Learn more about Save On Medical
- Website
Find out more about the Healthbox Studio Program
- Healthbox Studio Program
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
Music for this Episode:
- Provided by Stewart Feerick of Delirious George
On this week’s episode I spoke with Stuart Frost, Managing Partner & CEO at Frost Data Capital, as the last interview in our series on Remote Monitoring. Stuart is a highly successful, serial high-tech entrepreneur with more than 20 years' experience in the technology market, having been founder and CEO of 2 companies before working at Microsoft. Stuart founded Frost Data Capital, a combined incubator and venture capital firm, in 2011. To date, at Frost DC, Stuart has founded 27 Big Data analytics companies, of which 19 are still in operation, 5 of those being in healthcare.
In our conversation, Stuart and I discuss:
- Stuart’s background and how he came to found Frost Data Capital
- Frost’s Approach and it’s process and principles
-
- Parallel entrepreneurship
- Why Stuart is focused on Big Data
- How Frost Data Capital’s investment in Sentrian came to be and how Sentrian works
- What Sentrian does differently that made Stuart say “yes”
- How Sentrian leverages Big Data
- Where Stuart sees the remote monitoring space going in the future
- Frost Data Capital’s recent partnership with DST and it’s importance in the value-based healthcare space
Connect with Stuart:
Learn more about Frost Data Capital:
- Website
Links mentioned in the show:
- Sentrian
- Frost Data Capital YouTube series
-
- Frost Data Capital Investors
- Parallel Entrepreneur
- Frost Data Capital Incubator Model
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
In the second episode in our series on Remote Monitoring I spoke with Parker Moss. Parker is the Chief Technology & Transformation Officer at Virgin Care Limited where he is responsible for bringing together the company's Information Management and Technology functions, putting the importance of technology and community healthcare delivery at the forefront within Virgin Care.
In our conversation, Parker and I discuss:
- An overview of Virgin Care and Parker’s background and role
- How Virgin Care’s model differs at all from what we see here in the United States
- How Parker focuses on empowering clinicians and administrators with technology that has a positive effect on the outcomes that matter most to patients
- How Virgin plan to use remote monitoring technology from LumiraDx
- How Parker selected LumiraDx
- Virgin Care’s use of other type of remote monitoring technologies outside of the hospital, for it’s healthy and/or it’s chronically ill population
- Addressing the need for integration between patients using remote monitoring technology to manage chronic illness and telehealth or care coordination outreach programs
- How Virgin Care continues to implement innovative solutions which keep pushing the technology we use forward while removing barriers to its effective use in delivering top quality services to patients
- Where Parker sees the remote monitoring space going in the future
Connect with Parker:
Learn more about Virgin Care Limited
- Website
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
This week’s featured interview is with Sumit Nagpal, Co-Founder, CEO - LumiraDx, Inc. and Co-Founder, Chief Architect and UX Officer - LumiraDx Holdings Limited, in the first of our series around Remote Monitoring.
LumiraDx provides a remote monitoring tool in which 3rd party devices can be integrated along with LumiraDx’s unique digital assay device that integrates with 3rd party devices such as the Apple Watch and Withings Pulse. These devices all feed into an analytics tool and cloud platform to provide care management teams meaningful data.
Sumit founded LumiraDx in 2014 and is currently a Member of the Health IT Policy Committee for Advanced Health Models as well as a Senior HIMSS Member. Sumit has been recognized by Modern Healthcare as a Minority Executive to Watch in 2016 and has received the award as one of the Trailblazers in Healthcare IT by HIT Men and Women Awards. Prior to founding LumiraDx, Sumit was President and CEO of Alere Accountable Care Solutions and before that was Founder, President and CEO of Wellogic.
In this episode, Sumit and I discuss:
- How Sumit came to co-found LumiraDx?
- The 3 typical categories of buyers for population health offerings: Providers, payers, and employers.
- Trends in the willingness to adopt this type of technology among Providers and hospital systems?
- LumiraDx’s integration with Epic.
- The biggest challenges Sumit and LumiraDx have faced and how the company overcame them?
- Conditions in healthcare right now that is allowing for these types of technological advances.
- What Sumit sees as the future for healthcare focused wearable technology.
- What Sumit wishes he knew when he started his career.
Connect with Sumit:
Learn more about LumiraDx:
- Website
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
In this special episode of Innovation Rising, I sat down with Healthbox’s Chief Medical Officer, Eric Louie, to talk about his takeaways from the Exponential Medicine conference which he attended back in October. There were some fascinating topics in covered in this podcast, including:
- What was the premise of the Exponential Medicine conference?
- What is the Quantified Self?
- How “Insideables” work
- The latest news and research on Genomics and gene editing
- Peter Diamandis 4 P’s of the cornerstones of personalized medicine
- “The business of health as the business of information science”
- The future of physicians
Links mentioned in the show:
- Exponential Medicine Conference
- Peter Diamandis: Books
-
- Bold
- Singularity University
- Profusa
- Human Longevity Institute: Craig Venter
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
In this special episode of Innovation Rising, I had the pleasure of sitting down with Stephen Hunter, Physical Therapy Administrator for Intermountain Healthcare Physical Therapy and founder of ROMS, which stands for Rehab Outcomes Management System, which he developed at Intermountain Healthcare in 2000 and which was accepted to go through the Intermountain Foundry Program in 2015. Stephens passion for the startup is palpable and I had a great time in my conversation with him. Stephen has been with Intermountain for over 31 years where he is the active administrator over 11 outpatient orthopedic PT clinics and a practicing clinician. Stephen is the Author and co-author to several articles establishing the value of physical therapy and has his Clinical Doctorate of Physical Therapy from the University of Utah.
In 2014, Intermountain Healthcare launched their Foundry Program in partnership with Healthbox. The Foundry is a part-time program providing resources and guidance to vet the business aspects of employee ideas that could either benefit Intermountain internally or have additional commercialization potential outside of the system. For more details on setup, genesis, and background of Intermountain’s innovation focus, have a listen to our previous episode with Jeremy Porter, the Director of Business Development at Intermountain Healthcare.
In this episode Stephen and I discuss:
- What ROMS is today and how it works
- How Stephen sees his product making an impact on the industry and improving the lives of patients
- Stephen’s experience in the Intermountain Foundry Program and what he got out of it
- Stephen’s thoughts around how being a physical therapist himself helped him in creating ROMS
- What advice Stephen has for entrepreneurs and intrapreneurs who don’t have access to such dedicated resources as the Intermountain Foundry:
-
- Who would be other people internal innovators should look to add to their team?
- How can internal innovators obtain the executive support they need?
- How the ROMS solution helps achieve impactful results in a value based care model
- What obstacles Stephen faces as he continues to build ROMS as an employee-innovator
- What Stephen is most excited about in healthcare innovation right now
Connect with Stephen:
- ROMS
Learn more about Intermountain Health
- Website
Links mentioned in the show:
- Innovation at Intermountain
- Episode 2 with Jeremy Porter
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
On this week’s episode of Innovation Rising, we sat down with Jeremy Porter, Director of Business Development at Intermountain Healthcare to discuss what Internal Health System Innovation looks like for his organization, Intermountain Healthcare, based in Salt Lake City, with multiple locations across the state of Utah. Jeremy and his team look to leverage existing assets, patents, technology, and business models to support Intermountain's core mission and values while identifying additional revenue opportunities.
Innovation and Growth at Intermountain Healthcare supports the ideation, creation, and adoption of new solutions that will improve quality and service while making care more affordable. Intermountain harness internal creativity and external disruption to continually improve outcomes, longevity, and overall wellbeing. One of the avenues supporting employee innovation is the Intermountain Foundry. Launched in 2014 in partnership with Healthbox, the Foundry is a part-time program providing resources and guidance to vet the business aspects of employee ideas that could either benefit Intermountain internally or have additional commercialization potential outside of the system.
In this episode we discuss:
- How innovation became a priority at Intermountain Healthcare
- The characteristics of Intermountain Healthcare as a system that make it conducive to innovation
- The various innovation programs at Intermountain
- The specific needs that Intermountain was seeking to fulfill through the development of the Foundry Program
- How Intermountain uses internal mentors to help the Foundry Participants
- How Intermountain's entrepreneurs have benefited from the mentoring process
- If Jeremy was to establish a dream program for innovation at Intermountain, without staffing or capital constraints, what are some things he would like to try?
- What other health systems Jeremy admires as leaders in healthcare innovation and why he feels this way
- Which digital health startups Jeremy is particularly impressed with
- What is exciting Jeremy most about healthcare innovation right now
Connect with Jeremy:
Learn more about Intermountain Health
- Website
Links mentioned in the show:
- Transforming Healthcare through innovation at Intermountain
- Healthbox to help entrepreneurs inside and outside Intermountain get to “yes”
- Intermountain Foundry Rewards Employee Innovation at Inaugural Event
Connect with Healthbox
- Follow us on Twitter
- Subscribe and leave a review in iTunes
- Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com
- Listen to his episode on iTunes, SoundCloud, or Libsyn
- Check out the Blog Post for this episode
On this week’s show, Sanjay Shah joins the program to discuss internal Health system Innovation. Sanjay Shah is the Director of Strategic Innovation for Dignity Health where he supports Dignity Health’s innovation efforts, which seek to create, test, and invest in novel services, programs, partnerships, and/or technologies – from within and outside of healthcare – that have the potential to reduce the cost of care, improve quality, and/or increase access to healthcare services. Sanjay is also an advisor to organizations such as Innovation Center for the Safety Net, and has sat on the boards of companies including Healthfinch, Seamless Medical Systems, the University of Michigan Medical Innovation Center, and and CareInSync.
Dignity Health is one of the nation’s largest health care systems, with nearly 9,000 physicians, 59,000 employees, and more than 400 care centers. This comprehensive network includes hospitals, urgent care, occupational care, and imaging centers, in addition to home health, and primary care clinics As a function at Dignity Health, The Strategic Innovation team at Dignity Health helps lead 4 activities;
- Realize intellectual property (IP) from employees
- Create built for purpose companies
- Openly innovate with novel entrepreneurial companies
- Strategically invest to diversify and support growth goals
In this episode we discuss: * Sanjay’s background and role at Dignity Health * The breakdown of Dignity Health's four strategic innovation activities and how they work together * An overview of how Dignity Health fosters innovation through its Intellectual Innovation Network * The genesis of Dignity’s Innovation Strategy * How intellectual property is shared or managed and how revenue sharing works for a successful partnership * An example of one of the ideas and companies that has come out of Dignity’s innovation center and what that process looked like * How Dignity Health’s venture investing arm operates * Where Sanjay thinks the industry is heading in terms of innovation to achieve the “Triple Bottom Line” of improving patient care, increasing system efficiency, and reducing provider burnout * What Sanjay is most excited about in healthcare innovation right now * How to connect with Sanjay and learn more about Dignity Health
Connect with Sanjay:
Learn more about Dignity Health
- Website
Links mentioned in the show:
- Rich Roth's article on other forms of healthcare partnership that include Data sharing, Research collaboration, and technology alliances
- Rich Roth’s LinkedIn article on Why some outsiders need insiders to disrupt healthcare
- Rich Roth's article on Health Care Investments and Partnerships: Minding the Triple Bottom Line
- Augmedix
- Augmedix partners with Dignity Health
Connect with Healthbox * Follow us on Twitter * Subscribe and leave a review in iTunes * Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com * Listen to his episode on iTunes, SoundCloud, or Libsyn
Welcome to the Innovation Rising Podcast, presented by Healthbox! This episode is a preview of the exciting episodes we have coming in the future. Subscribe and stay tuned for our first episodes which will be launching in the next couple of weeks!