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