Last week Avizia, where I’ve been the Chief Medical Officer since 2014, was acquired by American Well (AmWell). From my perspective, the merger made perfect sense. Avizia has been focused on chronically and acutely ill patients—those more directly attached to a hospital system. AmWell, on the other hand, has been the dominant solution for community-based care; it’s an online consultation service for folks who might otherwise have gone to an urgent care for problems like fever, headache, or a sore throat. Combining these entities provides a solution that spans the spectrum of care, which aligns with the needs of many healthcare systems. Issues related to patient access and satisfaction (think: less acute, community-based care) are top-of-mind for many administrators. However, with 80% of the dollars going to 20 % of the population, managing the continuum for the chronically ill (which is more in line with the mission of Avizia) is imperative to provide better care at a lower cost.
The merger also marks a predictable milestone in the common transition pattern for big ideas (internet, aeronautics, GPS, etc.)—from the military, to academia, to scalable business.
Telemedicine started as a military-run effort. NASA, concerned that astronaut healthcare issues would cause mission failures, was the first organization to devote significant funding to telemedicine research. Early ATA meetings were opened with military-sponsored presentations featuring the Telemedicine & Advanced Technology Research Center, a branch of the Army.
Next came academia. Millions of dollars in grant money were offered, but academics were no longer focused on the health of astronauts. Instead, the goal was providing care at a distance—to the citizens of Rural America. Many early leaders of the ATA came from the universities that built and deployed this technology.
As you may have noticed, we are picking up the focus on new tech companies here on THCB. Much of this is happening as I have a little more time to examine and work with startups as I’m no longer running the Health 2.0 conference day to day. Some of it comes from our new partnership with Jessica DaMassa and her WTF.Health series. But don’t worry, we are continuing to be the place to find great opinion pieces about the health care system as a home (This is an “add” not an “instead”)
Today I have an interview about an interesting new company I’m getting to know called Bluestream Health which is essentially a second generation telehealth video platform. Brian Yarnell is the President and I spoke with him about his company, and what makes their technology different. Brian will be at the ATA conference net week (while I’ll be at Dev4Health!) — Matthew Holt
The opioid crisis has devastated countless families and individuals across the United States and abroad. What once started as a quiet concern has become a full-blown epidemic, requiring the full support and attention of the healthcare and tech communities to address it.
“I am asking for your help to solve an urgent health crisis facing America: the opioid epidemic. Everywhere I travel, I see communities devastated by opioid overdoses. I meet families too ashamed to seek treatment for addiction. And I will never forget my own patient whose opioid use disorder began with a course of morphine after a routine procedure.”
When it comes to navigating healthcare and making decisions about your health, and the health of loved ones, there is no yellow brick road. Even the National Committee for Quality Assurance (NCQA), a leading national healthcare nonprofit, could only analyze 1,000 of over 1,400 private healthcare policy options with myriads more in the public arena. Navigating a health care plan, or not, is just the beginning of your healthcare journey.
Let’s say you find a health plan you like, and you get sick. You have to locate the right doctor that works for you, struggle through complicated referrals, tabulate the exact bottom line of these costs, find a pharmacy, perhaps grab a second opinion, and repeat this process every time you get sick.
Any DuRoss is one of the more charming and remarkable characters in the health tech world. She lead the campaign for Proposition 71 in 2004 which funded and established the California Institute for Regenerative Medicine. Later on she was a key player at early genetics company Navigenics, and more recently after time at GE Ventures she founded Vineti, which today raised $33.4m in Series B funding. Vineti is a new kind of pharma supply chain company helping deliver gene therapy, but what does that mean? I asked Amy and she told me!
Artificial Intelligence and Machine Learning are very buzzy and in the storm of tweets and scandals it’s easy to use the terms interchangeably, as if they are synonyms. They’re not synonyms, but here’s a rule of thumb: All Machine Learning is AI, but not all AI is Machine Learning.
Examples of Machine Learning in everyday life abound, and for all the attention aimed at the behemoth Facebook, and their epic fail of data protection and privacy, the benefits of Machine Learning generally outweigh the bad. Here we explore the opportunity within Healthcare for AI and ML to do good.
This edition of Health in 2 point 00 comes from HIMSS. This one was done just off the show floor, but don’t worry–tomorrow we’ll be back to doing it outside a bar! So here goes! Jessica DaMassa asks me as many questions as she can squeeze in about health & technology in just 2 minutes–Matthew Holt
We want you to experience the incredible speakers, penetrating discussions, ample networking with industry leaders, and the new technological platforms that will impact the market…at the Health 2.0 Fall Conference.
This is your last chance to have the opportunity to come with our lowest rate. Register here!
With the special rate pass, you will:
Network with the right decision makers to grow your business: Rub shoulders with investors, partners, and innovators who will transform your business and expand your market reach through Health 2.0 programs including MarketConnect – connecting leading health care organizations with the most promising vetted technology companies to accelerate the health tech buying process.
Participate in our action-packed agenda: Join panel sessions on policy, innovation and technology including 3 CEOs, Launch, The Unacceptables, and Interoperability.
Experience new technological platforms: Watch over 150 live health tech demos from the newest innovative companies to gain insight to what’s new in the market.
Whether you’re looking for the next new innovation or to network with the most influential health care providers, developers, and start-ups; the 12th Annual Fall Conference is the place to be this fall!
For reasons a little lost in the fog we have committed to doing an episode of Health in 2 Point 00 every day at HIMSS. As I didn’t meet my co-host Jessica DaMassa till late it was more like “Health in 22.00”. But we still covered a few topics (Google Cloud, Eric Schmidt, Pilots) from our none too private studio in the corridor at the Venetian!–Matthew Holt
In which Jessica DaMassa asks me questions about Uber, Apple, Verily, Eric Schmidt, Oliver Wyman and UPMC’s profits. All in 2 minutes in this HIMSS18 special edition. Watch out! As we are going to try to do this every day this week from HIMSS, if my stamina and liver cooperate. Thanks to UPMC, OneView HealthCare, Echo Ventures and GE Ventures for supporting patient and caregivers travel to HIMSS18–Matthew Holt