Primary Venture Partners’ Post

The health tech industry — a $4T market — has all the necessary elements for a promising future: resilient founders, patient capital, and limitless opportunities for technical and business model innovation. In our first-ever State of Health Tech report, Sofia Guerra and Steve Kraus uncover trends from their quantitative and qualitative research, including recent market performance, benchmarks and best practices, and emerging predictions for 2024. Read it here: https://lnkd.in/gE2qJc9S

I agree with the authors that consumer empowerment, access to care (skrinking capacity of providers), gaps in care (specialization) and cost effectiveness to outcomes achieved is where the proverbial puck is heading. My experience with Bessemer back in 1997 is they are several steps ahead in the market. At that time they were part of a VC syndicate that backed a radiology services business focused on consolidation and integration. Sound familiar? Unfortunately our timing was way off and our execution fell way short. Fast forward 20 some years and now that market is maturing and hitting most if not all the cylinders. I personally believe that tech enabled companies focused on RPM, AI, cloud based combined with patient analytics will be in great demand very soon.

💡 Great read 📑 Health Tech - Where are we going? Emerging 2024 predictions Prediction 1. AI gives rise to Services-as-Software Prediction 2. Healthcare payments companies win by aligning incentives Prediction 3. Health tech businesses leverage indirect monetization for a distribution advantage Prediction 4. Startups focus on making the biopharma value chain more efficient I am particularly drawn to # 4 where I'd love to hear Sofia Guerra and Steve Kraus perspective about shortening the value chain to accelerate personalized medicine. #healthtechinnovation #precisionmedicine #personalizedmedicine #startup

We may be in the trough of disillusionment in health tech innovation... but don't mistake a cyclical market correction and performance of a cohort of companies as a sign of the industry's long-term potential. Steve Kraus and I outline our views in our inaugural Bessemer Venture Partners #Stateofhealthtech report: 1. Where have we been? A retrospective analysis of the sector's performance in the last five years 2. What now? Benchmarks and best practices for early and growth stage digital health founders and operators 3. What is next? Emerging Predictions for 2024 As always, please send questions and feedback. It has helped us evolve our benchmarking work and new analysis to answer the most pressing questions for founders. We really appreciate it! #Healthtechbenchmarks #DigitalHealth

AI augments clinician decisions to improve speed & quality as discussed in Augmentedintelligence will become futureofwork in Healthcare  https://lnkd.in/gjZrpCcW now 3770 impressions. Cheers....Steve AI startup advisor 'force multiplier' https://lnkd.in/g38mWcs

I'm looking forward to moderating an important panel at #Inventures2024, joined by health innovation visionaries Ewan Affleck, Tim Murphy, and Ray Yue, BSc Pharmacy, RPh, where we'll delve into the critical challenge and immense potential of health data interoperability. This is not just about technology; it's about reshaping healthcare's future, driving research, and fostering innovations that could redefine our approach towards a "Learning Health System". The journey towards seamless interoperability in Alberta and Canada is both urgent and essential. For a deeper dive, I highly recommend reading the "Interoperability Saves Lives" report, found here: https://lnkd.in/gEvzYDZi -- Join me and over 4,000 forward-thinking innovators at #Inventures2024 for an electrifying three days that will unite entrepreneurs, startups, and scale-ups with venture capitalists, heavyweight investors, and global thought leaders. You can’t afford to miss it. Secure your spot at https://lnkd.in/g63zcsfk

In StartupWorld™, success is as much about what you don’t share as it is what you do – for example…. ➡️ DON’T share your unredacted investment deck with a competitor ➡️ DON’T comment on media speculation about your acquisition ➡️ DO wait until you’re at a conference to share your best advice to other founders (for maximum coverage) Pigeon knows this to be the case – (contrary to popular belief, there are things we don’t say out loud) – but we still believe that sharing = caring. So we find and share the best healthtech stories of the week, including…👇 👺 Digital therapeutics aren’t drugs, says DarioHealth ’s Omar Manejwala, M.D. ⏰ Times flies as Tempus AI files to go public, reports Heather Landi ䷰ Professor Sultan Mahmud incites a digital health revolution 🗣️ Katie Adams shares 4 investors’ deepest, darkest confessions (about digital health funding.) 🧫 Rebecca Torrence forces 13 mental health startups to refuse to comment on their acquisition, sale or IPO 🕶️ Benjamin Selaskowki et al challenge the quality of research into VR’s use in mental health 🤔 Some people think AI could save the NHS. Danny Fortson meets them. 🤖 Lea Goetz et al get very specific about generalisation in healthcare AI. Pods from… 🔊The Healthtech Pigeon Podcast with SomX’s Belle Taylor and Huw Penson 🔊The Healthtech Podcast with Dr. James Somauroo and Deloitte’s Sara Siegel 🔊UKTN | The Podcast with Inovus Medical’s Elliot Street Jobs & opps from… 📎  Lecturer in Computer Vision for Digital Health, University of Bristol 📎  Assistant Director of FDP Service Design, NHS England 📎  Head of Regulatory Affairs, Sano Genetics 📎  Experience Engineer, Current Health Read all the stories at healthtech pigeon dot com (link, as always, in comments) #digitalhealth #healthtechpigeon #mentalhealthtech #healthtech

Always one of my guilty pleasures to read the Rock Health report on Venture funding in the first half of the year. Blows me away the consistent investment that mental health continues to get in the space over all other categories. Cardiometabolic space continues to get strong investment although it has tapered post 2021 quite a bit. Highlights from the report were: ➡ Unlabeled rounds starting to fall (33% versus 42% a year ago versus 55% at end of 2023) ➡ Per My Waystar article the IPO market is starting to open with Nuvo, Tempest AI and Waystar all going public ➡ Following the AI mania in the market, 34% of the digital health start-ups leveraging AI ➡ Series A was hot and saw a median deal size increase (3 million) while Series D deals were scarce but had median increase of 5 million over 2023 https://lnkd.in/gXckiuwX

Just in time for #HLTH! With equity dollars still relatively scarce, and valuations remaining under pressure, we're seeing outsized allocation into workflow optimization and clinical decision support. It will be fascinating to see how AI is impacting the future of the Health Tech landscape next week in Vegas. In the meantime, check out our Future of Health Tech Report!

Only 10 days left to apply! This year, the accelerator DayOne Health 4.0 focuses on Artificial Intelligence, data, and digital tools to power clinical development and healthcare. 🚀 The program of 6 months is split into 2 phases: - Phase 1 (mid-September to mid-November 2023) – 15 startups: At the end of this phase, the top 5 startups get selected for phase 2, based on their progression during phase 1 and their fit for potential collaboration with partners in our ecosystem 💪 - Phase 2 (mid-November to mid-March 2024) – Top 5 startups only: Your fast track to pitching your venture at the HealthX conference on 10 and 11 April 2024. Impress 1’000+ participants from the European healthcare ecosystem. 😲 😎 Apply now and be the next Top 5 startups: https://lnkd.in/enHR4kCz Contact 👉 Cécile Tardy-Srinivasan if you have any questions. DayOne - Healthcare Innovation Basel Area Business & Innovation Frank Kumli Caoimhe Vallely-Gilroy #ia #data #health #healthcare #digital