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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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Now displaying: Category: healthcare
Jul 4, 2018

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:

Connect with Healthbox

Jun 14, 2018

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:

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 PodcastsSoundCloud, or Libsyn

Dec 27, 2017

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:

Connect with Healthbox:

Nov 29, 2017

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:

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

Oct 18, 2017

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

Oct 11, 2017

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:

Connect with Healthbox

Sep 27, 2017

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

Sep 13, 2017

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

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 iTunesSoundCloud, or Libsyn

Aug 30, 2017

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.
    • 1. People are the ultimate competitive differentiation
    • Creating a culture that draws in talent is the only way to stay ahead for the long term.
  • 2. There is no such thing as a perfect candidate
    • You’ll be waiting forever. Instead, identify the must-have competencies & never settle.
  • 3. Recruiting is sales & marketing, not human resources
    • It’s all about the funnel. First, plug the leaks. Then, fill the funnel.
  • 4.You must give top-performers a reason to listen
    • Rockstars have never had more options. You need to create a compelling employer value proposition.
  • 5. Recruiting must be based on things that are predictive of success
    • DNA is far more predictive than experience, education, or personality.
  • 6. A top-performer at one company is not always a top-performer at another
    • There are no shortcuts, even if they worked at your competitor.
  • 7. Using your “gut” in recruiting is right 50% of the time
    • But which 50%? Trust the process, and increase your accuracy to 90% or more.
  • 8. To build a successful business, winning the war for talent must be your #1 priority
    • You must invest at least 30% of your time on recruiting & retention.

Connect with Jeff

Connect with Healthbox

Aug 23, 2017

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

Connect with Moonshots Capital

Connect with Healthbox

Aug 9, 2017

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

Connect with Healthbox

Jul 26, 2017

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

Pager

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 iTunesSoundCloud, or Libsyn

Jul 19, 2017

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 iTunesSoundCloud, or Libsyn

Jul 12, 2017

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:

Connect with Michael:

Connect with Flare Capital Partners:

Connect with Healthbox

Jun 28, 2017

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:

 Connect with Healthbox

Jun 14, 2017

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:

Connect with Oscar Health:

Connect with Healthbox

Jun 7, 2017

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

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:
 
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