Keynote by Jill Seidman, Director at Healthbox, about US digital healthcare investment trends and opportunities for the mHealth Israel meetup community

1. Catalyzing
An
Entrepreneurial
Movement
in
Healthcare
Healthbox,
2014
NOV
10

2. 2 Contents are proprietary and confidential.
Market
Forces
Are
Crea;ng
Opportuni;es
for
Entrepreneurs
and
Industry
to
Transform
Healthcare
If
I
don’t
know
what
entrepreneurs
are
doing,
they
will
change
my
business
for
me.”
-­‐-­‐
Hospital
CEO

3. 3 Contents are proprietary and confidential.
Even
the
Most
Successful
Early-­‐Stage
Healthcare
Companies
Have
to
Collaborate
with
the
Industry

4. 4 Contents are proprietary and confidential.
Industry
Need
Has
Never
Been
Greater
and
Investors
Are
Responding
SOURCE “VC Funding in Healthcare IT Sector Reaches New Heights.”, Mercom
Capital
Group
Report
,
Jan
2014
2010
2011
2012
2013
Health
IT
Venture
Funding
and
Number
of
Deals
per
Year
$211M
$480M
$1.2B
$2.2B
#
of
Deals
22
49
163
571
Providers
Are
Searching
for
Solu;ons
to
Help
Them
Succeed
Providers
are
looking
for
ways
to
§ Drive
revenue
§ Decrease
costs
and
§ Improve
quality
of
care
But
face
a
rapidly,
evolving
market
§ Rewards
and
penalQes
§ At-­‐risk
models
of
care
§ Newly
insured
paQents
§ Aging
populaQon
§ Complex
case
management

5. 5 Contents are proprietary and confidential.
While
Essen;al,
the
Current
Process
to
Find
and
Integrate
These
Outside
Innova;ons
Is
Complicated
Healthcare
organiza;ons
are:
Bombarded
with
soluQons
looking
for
valuable
early
partnerships
Struggling
to
find
the
best
soluQons
to
meet
their
specific
challenges
Lacking
extra
Qme
to
determine
future
problems
that
have
not
yet
surfaced
1. Recognize
challenges
that
can
be
addressed
through
technology,
2. Source
and
evaluate
high-­‐
potenQal
soluQons,
3. Execute
successful
early
relaQonships
with
these
soluQons
and
4. Systemically
integrate
them
into
established
workflows
1
2
3
They
need
assistance
and
support
to:

6. 6 Contents are proprietary and confidential.
Healthbox
Is
a
Preeminent
Pla[orm
for
Entrepreneurship
and
Innova;on
in
Healthcare
Healthbox
partners
with
leading
industry
organiza9ons
and
high-­‐poten9al
startups
to
solve
healthcare’s
biggest
challenges
Entrepreneur
Industry

7. Founded
in
Chicago
in
2012,
Healthbox
Has
Experienced
Rapid
Growth
Across
Three
Con;nents
BOSTON
LONDON
TEL
AVIV
CHICAGO
SALT
LAKE
CITY
NASHVILLE
FLORIDA
7 Contents are proprietary and confidential.
“There
has
never
been
a
be^er
;me
to
start
a
company
in
healthcare”
Todd
Park,
former
US
CTO
(April
2012)

8. 8 Contents are proprietary and confidential.
Our
Growth
Has
Been
Supported
by
a
Strong,
Diverse
Network
of
Leading
Industry
Organiza;ons
Retail
Pharmacy
Venture
Capital
Health
IT,
Other
Hospitals,
Health
Systems
&
Post-­‐Acute
Care
Health
&
Mul;-­‐Line
Insurers
Associa;ons
Pharma,
Med
Device

9. 9 Contents are proprietary and confidential.
§ IMPROVING
EFFICIENCY
–
30%
of
our
por^olio
is
focused
on
increasing
operaQonal
efficiency
§ IMPROVING
CARE
–
30%
is
focused
on
improving
outcomes,
including
medicaQon
adherence,
care
coordinaQon
and
disease
management
§ CONNECTING
SEGMENTS
OF
THE
SYSTEM
–
60%
seeks
to
connect
segments
of
the
healthcare
system,
(e.g.,
hospitals
to
payers,
payers
to
employers,
physicians
to
paQents)
Care
Delivery
InformaQcs
and
Data
Security
OperaQonal
Efficiency
Evidence-­‐Based
Decision
Making
Telemedicine
and
Telehealth
PaQent-­‐Centered
PracQces
Wellness
and
PrevenQon
Med.
Adherence
Disease
Management
…And
Range
in
Area
of
Focus
Our
Por[olio
Address
Key
Opportuni;es
in
the
Industry…
Together
We
Source,
Vet
and
Grow
Companies
that
Are
Solving
the
Largest
Healthcare
Industry
Challenges

10. 10 Contents are proprietary and confidential.
Ludi
Protects
Hospitals
from
Substan;al
Fines
Due
to
Physician
Contract
Non-­‐Compliance
DocTime
Log
empowers
organizaQons
and
physicians
to
acQvely
manage
contracts
and
reduce
regulatory
risk.
A
mobile
app
engages
physicians
to
record
work,
while
a
back-­‐end
portal
provides
the
organizaQon
wide
support.
Ludi
ensures
hospitals
manage
physician-­‐hospital
agreements
so
that
the
expectaQons
of
the
agreement
are
fulfilled
and
regulatory
risks
are
decreased.
Chicago
II
Average
law
suit
cost
due
to
inadequate
documentaQon
of
physician
contracts
$19
MILLION
70
PERCENT
OrganizaQons
requiring
physicians
to
log
their
Qme
OrganizaQons
who
use
formal
contracts
for
medical
directorships
77
PERCENT

11. 11 Contents are proprietary and confidential.
SmartScheduling
Helps
Doctor’s
Offices
Efficiently
and
Intelligently
Op;mize
their
Scheduling
The
Smart
Scheduling
soeware
allows
doctor’s
offices
to
idenQfy
scheduled
paQents
who
are
at-­‐risk
for
not
showing
up
to
their
appointments
and
intelligently
schedule
addiQonal
appointments.
SmartScheduling
is
data
analyQcs
soeware
that
provides
acQonable
intelligence
to
hospitals
and
clinics,
opQmizing
paQent
flow
and
maximizing
access
to
care.
Case
Study
Doctors
currently
overbook
their
schedules
in
an
effort
to
balance
no-­‐show
paQents
1
IN
2
$19
MILLION
Reduced
revenue
per
clinic
due
to
paQents
missing
appointments
Average
no-­‐show
rate
for
outpaQent
clinics
20
PERCENT

12. 12 Contents are proprietary and confidential.
Opterna;ve
Is
the
World’s
First
Online
Eye
Exam
The
OpternaQve
technology
is
intended
to
assist
licensed
eye
care
professionals
in
improving
their
delivery
of
paQent
eye
care
by
increasing
access
to
refracQve
eye
exams
and
lowering
costs.
Opterna;ve
offers
a
convenient,
online
eye
exam
for
just
a
fracQon
of
the
cost
of
an
in-­‐office
visit.
Case
Study
People
world-­‐wide
who
receive
an
eye
exam
each
year
2.4
BILLION
75
PERCENT
Savings
for
consumers
when
using
OpternaQve
over
an
in-­‐person
exam
People
world-­‐wide
who
need
exams
but
cannot
afford
or
access
care
700
MILLION

13. www.healthbox.com