Tag Archives: Health Tech

Inside Healthcare Sales: Building a Revenue Strategy for Your Health Moonshot

February 10, 2023Business, Health, Innovation, StartupsCollin Stewart, Health Tech, Healthcare, Innovation, Jamey Edwards, Logan Plaster, Revenue, StartUp HealthNicole Kinsey

Podcast: Play in new window | Download (Duration: 46:57 — 43.0MB)

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

As we’ve reported recently, the health tech funding landscape has tightened in the last year. In other words, it’s harder to raise money for your business. But there’s an upside to this cooler market: There’s a heightened emphasis being put on the fundamentals of business like cash flow and profitability. That means less noise being generated around innovations that turn out to be smoke and mirrors and more focused on smart, sustainable business ideas. That’s good news for the right kind of founders, the ones we call Health Transformers.

But, it still isn’t easy. When a startup is facing an ever-shrinking runway and having to show strong revenue numbers, it can be difficult to take the time to formulate a cohesive sales strategy that allows the business not only to survive the long sales cycle in healthcare, but thrive long term as it seeks to achieve its audacious health moonshot.

To help founders tackle this challenge head on, we invited Collin Stewart, the CEO of Predictable Revenue, to join us for a recent Fireside Chat. The conversation was hosted by Jamey Edwards in front of a live virtual audience of founders from the StartUp Health portfolio. They cover themes like being radically open to market feedback and even pull some wisdom from Collin’s days as a professional musician.

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.

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

November 23, 2022Business, Health, Innovation, Startups2022 StartUp Health Festival, Bill Nordmark, Cityblock, Cityblock Health, Dr Kameron Matthews, Enlace Health, Fee for service, Health, Health Tech, Healthcare, HealthTech, HLTH, HLTH 2022, Kameron Matthews, Kameron Matthews MD, Logan Plaster, StartUp Health @ HLTH, Value-Based CareNicole Kinsey

Podcast: Play in new window | Download (Duration: 19:22 — 22.2MB)

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

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

October 11, 2022Business, Health, Innovation, Insights, StartupsCheryl Cheng, Digital Health, Health Tech, Innovation, investing, investment, Logan Plaster, mindset, Vive Collective, WisdomNicole Kinsey

Podcast: Play in new window | Download (Duration: 57:34 — 65.9MB)

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.

From the Archives: Practical Tips and Wisdom From the Gates Foundation

July 5, 2022Business, Health, Innovation, Startups, UncategorizedAnnie Ye, Bill and Melinda Gates Foundation, Gates Foundation, Health Tech, Innovation, Logan Plaster, Partnerships, StartUp Health, startupsNicole Kinsey

Podcast: Play in new window | Download (Duration: 47:02 — 64.6MB)

One year ago, we chatted with Annie Ye, the Program Manager of Digital Health Innovation at the Bill and Melinda Gates Foundation during a StartUp Health Fireside Chat in front of an audience of Health Transformers from the StartUp Health portfolio. Ye has experience in technology and analytics strategy and joined the Foundation at the outset of the pandemic to refine and connect a number of technological initiatives and strategy teams. In this episode Ye discusses foundation priorities and best practices for startups seeking to partner on health projects.

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

How Nightingale Is Redefining Preventative Health

February 8, 2022Business, Health, Innovation, Insights, Startups, UncategorizedAI, Blood Testing, Cure Disease, diabetes, Finland, Health Moonshot Update, Health Moonshots, Health Tech, Heart Disease, Logan Plaster, Longevity, Moonshots, Nightingale, Teemu Suna, TelehealthNicole Kinsey

Podcast: Play in new window | Download (Duration: 39:50 — 36.5MB)

Join us in Miami Beach in March for StartUp Health @ ViVE 2022: startuphealth.com/vive

Nightingale Health, a Finnish company that StartUp Health backed in 2016, uses a new kind of blood testing to predict future disease risk so that people can change the course of their health before it’s too late. They’ve designed a way to analyze blood samples that pulls 250 times more data from that sample than a typical test. They use artificial intelligence and machine learning to correlate that data with future disease risk, like diabetes and heart disease. Then they put the result in simple terms so that patients can see trends and take action.

This year, Nightingale took three big strides forward. They went public on the Finnish Nasdaq, which gave them capital to scale globally. They rolled out at-home testing kits so more people can benefit from Nightingale’s disease prediction. And they acquired a genomics company that will allow them to bake genetic information into their app and provide people with even more personalized health assessments.

We sat down with Nightingale CEO and Co-founder Teemu Suna to hear more about their blood testing technology and how it could change preventative health globally by getting patients to see their potential future and then change the course of their health.

Join us in Miami Beach in March at StartUp Health @ ViVE 2022 to meet Health Transformers: startuphealth.com/vive

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Learn more and connect with the team at Nightingale.

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