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Amazon, Google, Apple, Salesforce, and Best Buy are among the new players in healthcare who believe they are uniquely positioned to enter the market and solve some of the biggest challenges that incumbent systems have long struggled with. How can health systems, payors, and other incumbent stakeholders position themselves for success in the evolving marketplace?
When working with organizations aiming to produce innovation, our team relentlessly advises our partners to “build as a last resort.” At face value, this advice may seem counterintuitive; however, we aren’t saying organizations shouldn’t build products to take to market. Rather, before setting out on the path to do so, they should think long and hard about how their internal solutions will compete in “the wild” with existing products.
Healthcare executive inboxes across the country are filled with newsletters highlighting articles that cry, “Apple, Google, and Amazon are coming for your physicians and patients!” Between the attractive growth opportunity offered by the massive $3.3 trillion US healthcare market, and the aging technology infrastructure, tech companies are eagerly making plans to solve the persisting problems in healthcare. Incumbent healthcare executives have every right to be nervous.
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.
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.
Part of Orlando Health Strategic Innovations and in partnership with Healthbox, the Orlando Health Foundry is a program that helps team members and physicians explore the commercial potential of their healthcare innovation ideas. By harnessing internal creativity, the Foundry strives to help team members and physicians advance ideas that demonstrate potential to meaningfully impact how healthcare is delivered across Orlando Health.
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.
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 Founder and 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.
Healthbox Forum events bring together healthcare leaders and innovators in a small group setting to explore important industry topics and to think creatively about how to implement actionable change. This May, we invited a group of stakeholders from across the industry to examine the influence of social determinants on individual and community health and the opportunity for healthcare organizations to improve health outcomes and reduce the costs of care. We are excited to share insights from the Healthbox Social Determinants Forum to spur more discussion across the innovation community.
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.
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.
Healthbox Forum events bring together healthcare leaders and innovators in a small group setting to explore important industry topics and to think creatively about how to implement actionable change. This November, we invited a group of stakeholders from across the industry to explore innovating behavioral change in healthcare. Building off this momentum, we are excited to share insights from the Healthbox Forum to spur more discussion across the innovation community.
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.
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.
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.
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.
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.
Healthbox announced today the addition of Sumit Nagpal as Managing Director. Nagpal is a life-long health and social care innovator, a relentless entrepreneur and leader, and a hands-on technologist committed to applying his skills to help transform healthcare. He brings a wealth of experience to the company with practical successes across multiple high-growth companies.
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.
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.
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.
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
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.
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.
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.
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”.
Healthbox held its bi-annual Forum this May to bring together thought leaders and innovators around the topic of “Redefining the Role the Home in Healthcare”. The event featured insights from Healthbox leadership, a keynote address from Arthur Spiegel, group activities, and concluded with a group panel and discussion.
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.
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.
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
Getting a pilot is hard. Going from that pilot to a full-scale implementation is even harder. With the abundance of new and promising technologies and solutions coming to bear in the digital health space, healthcare systems and organizations are becoming more refined in terms of what types of innovation they want to embrace. From the outlook of the entrepreneur, this means that not only does it remain difficult to get a first pilot, but also increasingly challenging to take that successful pilot to scale throughout a system. Yet there are certain tried and true tactics and means to increase the likelihood of adoption.
Healthbox is thrilled to announce the Intermountain Healthcare Innovation Fund’s newest portfolio company: Redox. Redox is the modern API for healthcare, allowing best-in-class software to easily and securely interoperate with EHRs in a health system infrastructure. Since Redox’s participation in the 2015 Healthbox Studio in Salt Lake City, UT, Healthbox has been a strong supporter of the critical work the company is doing to speed the adoption of digital healthcare applications by reducing costs and removing barriers.
Healthbox is now accepting applications from emerging digital health startups for the 2017 Healthbox Chicago Studio. The Studio is a five-day program dedicated to advancing innovative digital health solutions through peer-to-peer collaboration, speaker sessions, and cultivating relationships with healthcare leaders and investors. The unique program is free of charge to all selected companies with no required equity exchange.
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.
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.
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.
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 Rising is a podcast examining the intersection of innovation and healthcare featuring interviews with industry leaders and experts. The podcast, presented by Healthbox team member Chuck Feerick, is centered around specific themes within healthcare innovation. Each theme is explored through a 3-episode series through the lens of a hospital or health system, an investor, and a founder of a relevant solution.

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