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Innovating Our Way Out of the Health Care Dilemma

Posted By Louise Probst, Wednesday, September 6, 2017
This past June, a few BHC leaders were invited to an Innovation Summit showcasing top digital health care firms from Israel and Ireland, facilitated by GlobalSTL. To qualify for the event, each innovator had to have already demonstrated success (e.g. $50 million in revenue). Teams from St. Louis' major health care providers and corporations assembled at Washington University for the event.
 
To start the afternoon, we were inspired by future possibilities. Dan Cave, CEO of Envolve PeopleCare (parent company Centene Corporation) asked each of us to consider "why are we not healthier?" He made a compelling case: the power to resolve our current health care crisis resides with all of us. Individually and collectively, we can lower the demand for health care services through education, employment, and innovation. Vance Moore, President of Business Integration, Mercy, offered a peek at the very different and far less provider-centric health care delivery system of the future. Then the "speed dating" began.
 
Health care innovators were each given five minutes to present their value propositions. Based on these brief comments, the BHC and other attendee groups picked four to six firms for private 15-minute follow-up conversations. Who would have thought that "speed dating" could be such an effective model for a business meeting?
 
BHC leaders expressed particular interest in the following innovators: Kitman Labs has a solution that focuses on an area of high importance to employers' budgets: musculoskeletal injuries. They use machine learning to identify risk and reduce injuries. Telesofia offers easy to understand educational videos personalized to the patient's clinical situation. If someone on your team is living with Parkinson's Disease, Beats Medical's personalized metronome therapy to improve mobility is worth a look. Virta Health's success in reversing type II diabetes without medication or surgery is offering a refreshing approach to disease management, as is SilverCloud's platform for addressing the mental health needs of populations. If you are interested in learning more about any of these solutions, please contact Melissa Hogan.

 

Warm regards,

Louise Probst

BHC Executive Director

 

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