HLTH 2019 Highlights From a VC Perspective
This year, 6,000 influencers and innovators across all disciplines in health care converged on the HLTH conference to ask one question: how do we create the future of health care? Throughout the conference, Echo Health Ventures led conversations on how venture capital and startups are answering that question.
Here are a few highlights from those panels:
Mo’ Money, Mo’ Transformation: The Strategics
- Bryan Sivak, Managing Director and VP, Medicaid Transformation, Kaiser Permanente Ventures
- Brenton Burns, Executive Vice President, UPMC Enterprises
- Bryony Winn, Senior Vice President, Chief Strategy and Innovation Officer, Blue Cross and Blue Shield of North Carolina
- Rob Coppedge, Chief Executive Officer, Echo Health Ventures (moderator)
This panel explored the unique role of strategic corporate venture capital. How do they drive systemic health care change? What challenges do they face? Keys to success include looking at the hard problems, finding the right partner in the enterprise, and going deep with the investing team to solve for that problem.
It’s a wrap @HLTHEVENT on ‘Mo Money, ‘Mo Transformation panel with “The Strategics!” Thanks @coppedge @BryonyWinn @BryanSivak @UPMCEnterprises for sharing how partnerships, solving for real problems, strategic alignment can move the needle to #Invest4Health #HLTH2019 #hlth19 pic.twitter.com/O8d8bQSX88— Echo Health Ventures (@HealthEcho) October 29, 2019
Are small ideas get killed by innovation? @BryonyWinn says “No, that’s where collaboration starts. Just because the idea might not move forward there are many elements that can foster new even better ideas” #HLTH2019 pic.twitter.com/D4o4T3ShqC— UPMC Enterprises (@UPMCEnterprises) October 29, 2019
Focused Care for Those Left Behind
- Fran Ayalasomayajula, Head of Population Health, Worldwide, HP
- Andrew Parker, Founder & CEO, Papa
- Iyah K. Romm, Chief Executive Officer & Co-Founder, Cityblock Health
- Jessica Zeaske, Partner, Echo Health Ventures (moderator)
Studies have shown that 80 percent of health outcomes are driven by social determinants of health (SDOH). How do we design solutions to address that? The panel discussed which populations are underprioritized, which opportunities are scalable, and what’s next for SDOH.
"We believe we can fundamentally redefine the way that health services are built across the country for low-income populations. These are populations that have never been prioritized.” –@iyahromm , CEO of @cityblockhealth (a StartUp Health company) at #HLTH2019 pic.twitter.com/mRvIBb6938— StartUp Health (@startuphealth) October 28, 2019
Great #HLTH2019 session focused on care for those left behind. @JessicaZeaske asks panelists from @cityblockhealth, Papa & @HP how they are addressing #SDOH: Companionship for elders, building trust in those distrustful of #healthcare, focus on people. pic.twitter.com/iMEcMzi8Qu— Echo Health Ventures (@HealthEcho) October 27, 2019
Disruption of the “Ps” of Health Care: Payers, Providers, Pharma and Patients
- Jessica Zeaske, Partner, Echo Health Ventures
- Leah Sparks, CEO, Wildflower Health
- Lisa Alderson, Genome Medical
- Jennifer Schneider, President, Livongo
Cambia’s HLTH Tweet Chat series focused on venture capital’s disruption in health care and featured special guests from Echo and its portfolio companies.
A6 –The path to creating a successful business starts with creating a better experience. Healthcare is clearly lagging behind in creating an experience that consumers don't just tolerate, but love. VCs and healthcare companies have a great opportunity here. #CambiaChat #HLTH2019— Jennifer Schneider (@Dr_JSchneider) October 25, 2019
A5: VCs need to stop talking about #SDOH and start listening. Listen to the needs of people that are NOT in Bay Area/Boston or are other VCs. Great examples of customer listening: @cityblockhealth @wildflowerhlth @eleanor_health and for scale @uniteusHq #CambiaChat #HLTH2019— jessica.zeaske (@JessicaZeaske) October 25, 2019
There is a fundamental shift towards preventive care and proactive health. This offers so much promise in the future. We need to evolve payment models to reward this focus. #Cambiachat #HLTH2019 https://t.co/Iqo1XK3zXX— Lisa Alderson (@LisaA) October 25, 2019
Thanks to everyone who joined us at HLTH—we’ll see you next year!