mHealth Israel_Healthbox_Nov 2014

Catalyzing An Entrepreneurial Movement in Healthcare Healthbox, 2014 NOV 10

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


Even the Most Successful Early-‐Stage Healthcare Companies Have to Collaborate with the Industry


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


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:


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

Founded in Chicago in 2012, Healthbox Has Experienced Rapid Growth Across Three Con;nents

BOSTON LONDON TEL AVIV CHICAGO

SALT LAKE CITY

NASHVILLE FLORIDA


“There has never been a be^er ;me to start a company in healthcare” Todd Park, former US CTO (April 2012)


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


§  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


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


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


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

www.healthbox.com

mHealth Israel_Healthbox_Nov 2014

Health & Medicine

Transcript of mHealth Israel_Healthbox_Nov 2014