new fostering hit entrepreneurship in the philadelphia region · 2016. 4. 13. · fostering hit...
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Fostering HIT Entrepreneurship in the Philadelphia Region DVHIMSS Winter Symposium April 3, 2014 Atul Shah Co-Founder, Philadelphia Health IT (PHIT) Circle Senior VP, Within3 Inc.
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It Takes a Village
v The Problem and the Opportunity
v Philadelphia Health IT Circle (PHITC) Overview Ø Vision and Mission
Ø Who we are (we need you!)
Ø How we operate
Ø How we support the local ecosystem
v Potential Future Initiatives (Focus: Demand drivers for HIE)
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Our HIT sector has promise, but operates in silos
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Academic Medical Ins.tu.ons Payors
Investors Industry
Welcome
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Healthcare Reform: The Opportunity to Re-Imagine
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Industry
Payers
Providers
Academia
Patients
Govt.
Entre-preneurs
Investors
Applying IT to solve core
problems in healthcare
Convening a broad range of stakeholders to capitalize on our local assets
Required Skill Sets • Business • Clinical • Technical • Legal
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PHIT Circle Vision and Mission
Vision: “Making Philadelphia a Digital Health Innovation Hub”
Mission
• Breed a community of innovators and entrepreneurial ventures funded by an energized investor base
• Create an inclusive local HIT community, including students
• Foster a vision of Healthcare IT that
• Moves beyond “point solutions”
• Bridges traditional silos (e.g. payer, provider, industry)
• Over time, “cracks the code” on vexing, system-wide issues
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Harness our collective assets to raise Philadelphia’s profile as a leader in Digital Health innovation
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PHIT Circle Organization (Launched in Sept 2012)
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Advisory Board (future)
Leadership Team
Circle Members
Patient Engagement
Clinical Informatics
Students/ Young
Entrepreneurs
8-10 Local Luminaries
10 HC Professionals
500+ and growing
3 SIGs for now … more later?
Special Interest Groups:
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PHIT Circle Leadership Team
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Atul Shah SVP, Within3 PHITC Co-founder
Phil Heifetz President / CEO, EyeIC PHITC Co-founder
Andrew Khouri Vice President Quaker Partners
Ryan Vass MD / MBA Candidate Wharton / Penn Med
Jon Kolstad Asst. Professor Wharton
Brian Milch HC Practice Manager McKinsey
Elliott Menschik Co-founder VentureF0rth
Michael Ross Chief Medical Officer NaviNet
Tom Austin MBA Candidate, Wharton
Andrew Hedin MBA Candidate, Wharton
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Current Sponsors/Supporters
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How We Operate
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June 12
September 11
December 11
March 13
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Conduct Quarterly Meetings Cross-Promote Local HIT Events
Manage Website (PHITCIrcle.org) 4 Form / Lead SIGs (need help)
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PHIT Circle Quarterly Gatherings – Past and Future
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Topic Speaker(s) Location
Q3 2012 HC Reform – Vendor Perspective
John Glaser, Siemens Health Services Wharton
Q4 2012 The Comparative Effectiv. Data Problem
Roger Longman, Real Endpoints Venturef0rth
Q1 2013 Patient Engagement Panel: Dr. Rich Snyder, IBC; Dr. Baber Ghauri, St. Mary’s; Bill King, Patient Advocate
Wharton
Q2 2013 Mobile Health Apps Ben Chodor, Happtique Venturef0rth
Q3 2013 HIEs Panel: Joe Miller, Am. Caritas; Julia Staas, Virtua; Manoj Sinha, Coriendo; Lisa Clark, Duane Morris
University of the Sciences
Q4 2013 Big Data Manish Goyal, IBM Watson Drexel
Q1 2014 Accountable Care Dr. Rich Snyder, IBC; Jeff Smith, Lumeris IBC
Q2 2014 Telemedicine TBD University City Science Center
Q3 2014 Elder Care (“Aging in Place”)
TBD Ben Franklin Tech Partners
Q4 2014 State of HC Reform TBD – Federal official Wharton
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How PHITC Programs Support the Local Ecosystem
Local Investors/ Incubators/Accelerators PHIT Circle-led Feeder Programs*
* Funded by local sponsors, downstream beneficiaries, and government support; designed to appeal to local healthcare stakeholders ** One effective method of engaging local entrepreneurs around healthcare system issues defined by industry and/or government
IBC Health Care Innovation Fund / Center
Ben Franklin Technology Partners
Drexel / UCSC / DreamIt
UCSC Digital Health Accelerator
Safeguard / Quaker Partners ES2 / BioAdvance / Osage
Comcast / Siemens / Merck
Penn Innovation / UPstart
Others TBD
PHIT Circle Core Community Building • Quarterly “Gatherings” • Special Interest Groups (SIGs) • Cross-promotion of local HIT groups • Website-anchored communications Demand-driven Initiatives (2-4), e.g. • City of Phila – Hypertension reduction • HCIF – ED Care Transitions • TBD #3 • TBD #4
Key characteristics of selected initiatives • Industry-defined (Provider/Payer/ACO) • Clinically- or Population Health-driven • Cross-silo stakeholders
Support funding, program participation
Philadelphia Region Impacts • New Digital Health
businesses • Significant job creation • Improved population health • National visibility as a hub
for Digital Health innovation
Developer Challenges**
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Potential Future Initiatives (throwing fuel on the fire)
v City of Philadelphia Ø Potential Public/Private initiative
Ø Target selected population health issue(s) requiring HIE v Health Care Improvement Foundation
Ø ED Care Transitions initiative (requires HIE)
Ø Cross-institutional scope (Phila region)
Ø Evaluating how can complement effort with HIT
v Others TBD (1-2 additional)
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Seeking State of PA and Corporate Match Funding to Fuel PHITC-enabled Engagement Programs (e.g. Challenges)
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City of Phila: Potential Public/Private Partnership
• Philadelphia has enormous unrealized potential to become a leader in digital
health innovation, as an enabler of overall healthcare transformation
• We have a significant healthcare market need (the underserved population),
but it’s disconnected from would-be entrepreneurs due to market fragmentation
• We propose a City-led public/private initiative to transform Philadelphia into a
Digital Health Innovation Lab by leveraging City health resources and
operations, open data programs, and a public call for entrepreneurs
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Vision: Transform “The Cradle of Liberty” into “The Crucible of Healthcare Innovation”
Measurably Impact Population Health in the City of Philadelphia (and create jobs in the process)
SAMPLE INITIATIVE
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Critical success factors that attract entrepreneurs
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Resources Data Customers
Culture Purpose
• Funding (public and private)
• Working space
• Access to services (business advisors, legal, accounting)
• Data to identify opportunities and test hypotheses
• Data as analytical substrate for product development
• Private sector
• Public sector
• Proximity to large companies
• Access to talent
• Innovation-friendly policy
• Predictability
• Social impact
• Wealth creation
• Ability to influence an industry
SAMPLE INITIATIVE
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Now is the time for us to lead the way
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The market perceives a lack of coordination and/or support • Many students leave Philadelphia after graduation
• Some startups depart Philadelphia after reaching certain scale
• There is not an ingrained culture for repeat start-ups
• Historical silos between key stakeholders impede collaboration
City Hall has the pull to convene and mobilize the important players
A City-led, PHITC-facilitated public/private initiative could energize HIT innovators
SAMPLE INITIATIVE
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Digital Health Initiative – proposed working model
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“Honest Broker”
PHIT Circle (500+ members)
City of Philadelphia
Advisory Board Funders
Project Team
• State • Corporate • Academic
Role of City Leadership 1. Identify problem(s) 2. Release appropriate data 3. Implement solution(s) Rinse and repeat …
SAMPLE INITIATIVE
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To kick-start the effort …
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We propose a 12-month program to rapidly fuel the Digital Health innovation ecosystem in Philadelphia
Innovative solutions impacting population health, costs, and business formation
… and the program could continue indefinitely as benefits are realized
Engage Entrepreneurs
Conduct Discovery
Establish Leadership
Phase 1: 90 days Phase 2: 90 days Phase 3: 180 days
… Keep evergreen
SAMPLE INITIATIVE
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Looking Ahead … We Need You!
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To get involved with PHIT Circle • Register on phitcircle.org
• Attend quarterly meetings
• Lead, Form, or Support a Special Interest Group (SIG)
• Reach out to LT members with ideas
• Tell your friends
To participate in a specific initiative (City of Phila, etc.) • Stay tuned – attend next PHITC meeting for updated details
Next meeting: June 12 @ UCSC-Quorum Topic: Telemedicine / Telehealth