🚀 Stanford Pipeline Speaker Series: Insights from John Gorman, a trailblazer in SDOH investment and healthcare innovation.
John Gorman, founder of Nightingale Partners, the nation's first SDOH venture fund, has a distinguished career in healthcare and social determinants of health. As a former Clinton appointee and advisor to top health organizations, Gorman's expertise in Medicare Advantage, Medicaid, and health equity is shaping innovative SDOH solutions at companies like CinqCare and Edenbridge Health.
Here are his key insights:
🌐 Diverse Data Sources: Leveraging unconventional data sources like food bank check-ins and car repossessions provides a more accurate measure of social health needs, leading to more effective interventions.
📍 Targeted Interventions: By hotspotting data, high-need communities are identified and bases of operations are established in opportunity zones for maximum impact.
💸 Strategic Funding: Using Medicare/Medicaid bids and administrative routes to finance benefits ensures that the most vulnerable populations receive targeted services, enhancing ROI.
🏥 Community-Based Services: Implementing a Social MSO structure and partnering with local organizations improve health outcomes and ROI through targeted community interventions like broadband access.
📊 Outcome Measurement: Measuring success through member engagement, health outcomes, and financial returns, with investments in SDOH such as housing and broadband, shows significant ROI and health improvements.
🏡 Housing Investments: Repurposing existing housing stock, such as corporate hotels, for vulnerable populations can provide immediate and impactful support, avoiding long construction times.
📉 Cost Reduction: Interventions like hospital-at-home programs reduce the need for expensive inpatient services, offering cost-effective alternatives that maintain quality care.
📈 Future Opportunities: Innovations in healthcare, such as integrating Medicare and Medicaid plans for dual eligibles and enhancing home-based care, are expected to grow, driven by a focus on reducing costs and improving outcomes for vulnerable populations.
