Category Archives: Innovation

Is Value-Based Care Finally at a Tipping Point? Cityblock and Enlace Health Share Thoughts from StartUp Health @ HLTH



Welcome to StartUp Health NOW, the podcast where we celebrate the entrepreneurs and innovators transforming the future of health.

Value-based care has the dubious distinction of being the oldest new idea in health innovation. For decades we’ve talked about the benefits of creating medical payment structures that tie compensation to the patient’s outcome, rather than simply paying for services. It’s pretty clear that if a hospital makes its money off of performing certain tests or procedures, it’s going to have a bias – whether overt or subconscious – towards doing more of those tests and procedures. There’s no financial incentive to give the patient a lower-cost option that’s just as effective.

The alternative to America’s “fee for service” model is one where financial risk is shared by multiple entities, and pricing is bundled in a transparent way. This so-called value-based structure does away with surprise bills, and makes sure that doctors and hospitals are financially incentivized to keep patients healthy. Of course, that’s an oversimplification, and we could have a whole other episode about the role of fee-for-service medicine, but that’s not our subject for today.

Today, we’re getting a look at how value-based healthcare companies are faring through the lens of two StartUp Health companies, Cityblock Health and Enlace Health.

Recently, StartUp Health brought together nearly 100 of our portfolio companies at HLTH in Las Vegas, and while on the show floor, we caught up with some of our top founders in the StartUp Health Studio. That included Bill Nordmark, CEO of Enlace Health, which last year raised a $60M series D, and Dr. Kameron Matthews, Chief Health Officer at Cityblock Health, which is now valued at more than a billion dollars. Both of these companies are making value-based care business models a reality. For Enlace, it’s about building a new infrastructure that allows other companies to operate successfully within a new financial model. For Cityblock, it’s about deploying value-based care at scale in a way that addresses the needs of vulnerable populations.

Listen in for Logan Plaster’s chats with Bill Nordmark and Dr. Kameron Matthews, held in the busy StartUp Health Pavilion at HLTH in Las Vegas.


Learn more and connect with Health Transformers.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: Contact us to learn how to invest in Health Moonshots
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.
Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

Why Any Digital Health Startup Needs an Interoperability Strategy w/ Troy Bannister, Particle Health



Troy Bannister is the CEO & Founder of Particle Health, a StartUp Health portfolio company that is shaping the new standard of healthcare data exchange with a user-friendly API platform. Fresh off their $25M capital raise, Troy shares his views on the future of interoperability and why interoperability needs to be a core pillar in any healthcare startup’s playbook. Healthcare’s future is about data, and in front of a live, interactive audience of Health Transformers, Troy chats with StartUp Health’s Jamey Edwards for a deep dive on how to develop an interoperability strategy and partner with the right company to fulfill your moonshot mission.


Join us at the StartUp Health Festival @ HLTH, Nov 13-16, 2022, in Las Vegas to meet Troy Bannister, Jamey Edwards, and hundreds of other Health Transformers in person: https://www.startuphealth.com/startuphealthfestival


Learn more and connect with the team at Particle Health.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.
Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

 


Sue Siegel, Former CEO of GE Ventures and Chief Innovation Officer at GE, Joins StartUp Health’s Impact Board to Advance Health Moonshots



In this week’s StartUp Health NOW episode, we continue a series we’ve been running where we sit down with members of StartUp Health’s Impact Board to learn a bit about their stories and why they’re so passionate about this health moonshot model of supporting founders at scale.

Today we’re talking to the venerable Sue Siegel, former Chief Innovation Officer at GE and CEO at GE Ventures and at Healthymagination, an initiative GE launched in order to invest billions of dollars into helping deliver better healthcare to more people at a lower cost.

Now, Siegel is leveraging all of that experience to help StartUp Health scale our mission of inspiring, educating, and investing in a global army of Health Transformers. In our interview, we get to hear Siegel’s wisdom about what it’s really going to take to move the needle on health. She also shares why she’s so passionate about professional mentorship and gives a few rules for the road for would-be mentors.

As you’ll hear in the interview, in addition to be a wealth of knowledge, Siegel brings an enormous level of empathy and humility to her work. We were inspired talking to her and are excited to share the conversation here.


Join us at the StartUp Health Festival @ HLTH, Nov 13-16, 2022, in Las Vegas, to learn more and get involved with our health moonshots.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.
Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

Aaron Kowalski, PhD, CEO of JDRF, Brings His Professional & Personal Experience to StartUp Health’s T1D Moonshot Impact Board



For this StartUp Health NOW episode, we are joined by Aaron Kowalski, PhD, the CEO of JDRF International. Anyone orbiting in the universe of Type 1 diabetes will know that JDRF is the world’s largest nonprofit funder of T1D research. In his role atop the organization, Kowalski has combined his professional experience as a molecular biologist and executive with his personal passion to fight Type 1 diabetes in order to impact patients like his own brother.

Kowalski is also a recent addition to StartUp Health’s Type 1 Diabetes Moonshot Impact Board. This board is a cross-disciplinary team of T1D experts spanning the gamut from research to funding to commercialization. We are thrilled that Kowalski is bringing his vast experience to this cohort in order to speed up innovation and support a generation of health entrepreneurs.

Join us at the StartUp Health Festival @ HLTH, Nov 13-16 in Las Vegas, to learn more and get involved with our T1D Moonshot.


Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.
Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

AI-Powered Health: Naheed Kurji of Cyclica Takes a Deep Dive into Artificial Intelligence for the Healthcare Industry



Our guest this week is Naheed Kurji, the CEO and Co-founder of Cyclica, which joined StartUp Health way back in 2014. He’s going to get us up to speed on the world of AI-powered drug discovery. We’ll learn how artificial intelligence and machine learning are speeding up our ability to identify molecules and find new uses for market-tested drugs. Naheed will give us an inside look at how Cyclica is specifically trying to reshape this market, then he’ll zoom way out. As the chair of the Alliance for Artificial Intelligence in Health, Naheed can help us understand where the AI for health industry is going.

Join us at the StartUp Health Festival @ HLTH, Nov 13-16, 2022, in Las Vegas to meet Naheed Kurji in person.


Learn more and connect with the team at Cyclica.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.
Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

 


How to Partner with Investors to Grow & Scale Your Company w/ Cheryl Cheng, CEO & Founder of Vive Collective



This week we welcome Cheryl Cheng to the interview chair. Cheryl is the CEO & Founder of Vive Collective. Previously Cheryl was a Partner at BlueRun Ventures, one of the top VC firms in Silicon Valley.

At Vive, she’s taking her 15 years of experience growing startups and putting it specifically into building, funding, and scaling digital health companies.

Cheryl is also an advisor to the Stanford Biodesign program and is on the advisory board for Yale Medical School’s Digital Health and Innovation Center.

We wanted to have Cheryl on one of our Fireside Chats to learn about Vive Collective – since it’s a relatively new kid on the block – and hear what kinds of opportunities she’s seeing in the market. We held this conversation in front of a live virtual audience of Health Transformers from the StartUp Health Portfolio, so you’ll get to hear some of their tactical questions mixed in throughout the session.

The goal for these sessions is to have candid conversations with people who can cut through the corporate speak and investment jargon, and Cheryl Cheng understood the assignment. We hope you enjoy.


Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.
Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

How Brian Neman Has Cultivated an Award-Winning Workplace at Sanguine Biosciences



This week, our guest is Brian Neman, the CEO and Founder of Sanguine Biosciences, a company that joined the StartUp Health portfolio in 2018.

Brian and his team first made a splash by bringing an at-home on-demand business model to specimen collection for clinical trials. Instead of having to get yourself to a lab, you tap a few buttons on your phone and a nurse shows up at your house to take your blood. That business has evolved significantly over the years, which we’ll get into in the interview. But the spark for this interview had more to do with people than products.

You see, Brian’s company was just selected for the Forbes list of 100 Best Small Workplaces and top 10 in biopharma. Sanguine was also on Inc.’s list of fastest growing private companies, and Comparably named him on their list of best CEOs for women and for diversity in the workplace.

In this interview, Brian will talk about how he cultivates company culture, particularly in an era of remote work – and he had loads of wisdom to share, so we hope you enjoy.


Connect with the team at Sanguine Biosciences via email.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.
Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

Health Innovation Implementation: Dr. Robert Wilson on How Partnering with PreventScripts Enhanced His Medical Practice



Typically on this show we talk to the health tech founders – who we call Health Transformers – that are creating the tools and platforms that will modernize our health system. This week we have a different kind of guest who will help round out the picture of how healthcare innovation goes from idea to real-world implementation.

Our guest is Robert Wilson, MD, a family physician who runs CovenantCare Family Practice, a multi-site medical practice in Tennessee. Dr. Wilson popped up on our radar because he was an early partner for PreventScripts, a startup that’s part of the StartUp Health portfolio. PreventScripts, led by Brandi Harless and Natalie Davis, MD, has created a platform that helps family doctors like Dr. Wilson identify patients who would benefit from chronic care management. Think about a patient who is pre-diabetic and all signs point towards a long battle with Type 2 diabetes. While Dr. Wilson might be too overextended to identify and coach this patient before the disease sets in, PreventScripts can identify the risk and put the patient on a clinically-proven program. Patients with chronic diseases, or the risk of disease, get heightened care between visits, and Dr. Wilson gets added reimbursement.

We wanted to talk to Dr. Wilson to understand why he was interested in partnering with a health startup, as this is one of the key hurdles for any health innovator. How do you find the right clinical partner, a place to prove out your brilliant idea in the real world, and then iterate based on user feedback?

In the conversation, we’ll get into the real-world challenges that Dr. Wilson faces, his motivation for evolving his practice, and how PreventScripts has helped him fill gaps in patient care.


Learn more and connect with the team at PreventScripts.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.
Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

KP Yelpaala Shares the Mission & Vision Behind StartUp Health’s Health Equity Moonshot



As our listeners will know, StartUp Health invests in what we call health moonshots. These are big, audacious health goals that guide us as we push innovative health entrepreneurs — our global army of Health Transformers — to collaborate and focus on long-term impact. We have health moonshots around curing cancer, improving women’s health, ending the opioid crisis, and we’ve recently added another focused on Type 1 diabetes.

This week, we launched a Health Equity Moonshot at the Clinton Global Initiative in order to build a framework that re-orients these inspiring problem solvers to tackle the challenge beneath the challenge, the social and systemic factors that drive health inequities. This transformative initiative will be integrated into all of StartUp Health’s other health moonshots, breaking down silos and encouraging local and global collaboration.

Leading StartUp Health’s Health Equity Moonshot is Kaakpema “KP” Yelpaala, a global health entrepreneur and long-time Health Transformer (he is the CEO & Co-founder of StartUp Health portfolio company InOn Health) who has dedicated his life to reducing health disparities. Yelpaala is an American of Ghanaian heritage and sits at the intersection of the immigrant and Black experiences in the United States.

In this StartUp Health NOW podcast episode, Yelpaala will share his vision for a Health Equity Moonshot and why it is necessary today.

Want to join this Health Equity Moonshot? If you’re an investor who believes in this vision, we want to hear from you. Are you a founder focused on breaking down health barriers for historically marginalized communities or who has been held back based on systemic bias in race, ethnicity, gender, or sexual orientation? We want to hear from you.


Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

 


The Future of Virtual Health, with Amwell’s Dr. Roy Schoenberg & Murray Brozinsky



We’ve talked extensively on this podcast about how COVID ushered in a period of rapid adoption of telemedicine. According to McKinsey, we went from around 11% of people using telehealth to around 46% during the pandemic.

Few companies in the world were better poised to capitalize on this moment than Amwell. What’s so interesting about Amwell is that they weren’t created to meet this moment. They have been patiently and persistently ringing the telemedicine bell since 2006. Back then, seeing your doctor over your computer seemed like a pipe dream, or worse, some dystopian future.

Now, well, things look a bit different. Building the infrastructure to deliver healthcare virtually is an idea whose time has come. And Amwell’s persistence has made them a world leader in the market.

Now, Amwell is expanding the definition of virtual care. Last year they acquired StartUp Health portfolio company Conversa Health, which uses chatbot functionality to automate care in between visits to improve efficiency and outcomes.

This episode of the podcast is pulled from a Fireside Chat where we sat down with Roy Schoenberg, MD, CEO and Co-founder of Amwell, and Murray Brozinsky, CEO of Conversa Health. The chat, which was moderated by Steven Krein, CEO and Co-founder of StartUp Health, pulls back the curtain on how these two companies came together, the lessons learned from the process, and what it all means for the future of virtual care. Roy and Murray are a wealth of wisdom and experience when it comes to digital health, so it was a powerful conversation. Hope you enjoy.


Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.