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Innovation Rising, Presented by 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.
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May 31, 2017

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:

Connect with BoostVC

Connect with Healthbox

May 17, 2017

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

Connect with Healthbox

May 3, 2017

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:

Connect with Healthbox

Apr 26, 2017

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:

Connect with Healthbox

Apr 19, 2017

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:

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 iTunesSoundCloud, or Libsyn
Apr 5, 2017

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:

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
Mar 22, 2017

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:

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

Mar 15, 2017
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:
 
Mar 8, 2017

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

Learn more about OCA Ventures

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
Mar 1, 2017

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:

 

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
Feb 28, 2017

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:

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
Feb 22, 2017

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

Learn more about OCA Ventures

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
Feb 8, 2017

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

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
Feb 1, 2017

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

Find out more about the 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:

Jan 24, 2017

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:

Links mentioned in the show:

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
Jan 11, 2017

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

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
Dec 28, 2016

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:

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
Dec 21, 2016

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:

 

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
Dec 14, 2016

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:

 

Learn more about Intermountain Health

 

Links mentioned in the show:

 

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
Dec 1, 2016

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

Links mentioned in the show:

Connect with Healthbox

Nov 28, 2016

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

Links mentioned in the show:

Connect with Healthbox
  • Follow us on Twitter
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  • 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
Sep 26, 2016

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!

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