Tim Fitzpatrick’s Post

Currently most healthcare in the U.S. is delivered via “fee-for-service” arrangements. Providers are paid for each service: an office visit, a CAT scan, surgery, etc. In a value-based care (VBC) model, one of the most promising approaches to addressing the healthcare crisis in America, providers are instead compensated based on outcome. VBC radically changes incentives — or shall we say, flips the script — for healthcare providers. Major healthcare entities are embracing this change, driving a potential transformation in how care is delivered. Norwest Principal Irem Rami, investors Suraj Shah and Sam Lesser, and senior advisor Unmesh Srivastava are bullish on the promises of the model and the enormous opportunities it presents for healthtech entrepreneurs. Read their blog for more details: https://lnkd.in/ggkxRwwi 

Kenya-based health tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured $4.2 million debt-equity in a pre-Series A round. The funds will be used to scale operations in the East African country, and to deepen healthcare access to the masses through the rollout of a B2B health and occupational service that will enable uninsured workers access to care at its network of partner clinics for a fixed monthly fee. The $2.5 million equity round was led by DOB Equity, with the participation of the Philips Foundation and existing investors like AAIC Investment, Angaza Capital, Black Pearl Investments and Perivoli Innovations. Debt investment came from Alphamundi, Kiva Capital and Boehringer Ingelheim. The new round brings the total debt, equity and grant funding secured by the startup to $11.7 million. Ilara Health started off by leasing diagnostic devices to clinics in 2019, but has since evolved to enable health centers to acquire pharmaceutical products and other items like hospital furniture, on credit. Emilian Popa, Ilara co-founder and CEO, told TechCrunch that this strategic move has enabled private healthcare operators to run well-equipped clinics capable of providing quality primary healthcare to patients. “In Kenya, quality of care, not access, is the issue, and our goal since launch has been to improve the standards of care; these clinics could not provide some services because of lack of diagnostic devices or do small procedures because they lacked the furniture. That is how, over time, we have become a provider or financier of all clinic needs,” said Popa, who co-founded Ilara with Maximilian Mancini (co-CEO) and Sameer Afzal Farooqi (COO). https://lnkd.in/ggUVs8iA

🚀 Next-Generation Software: Transforming CKD, Dialysis Care, and Patient Advocacy 🏥 The healthcare landscape is rapidly evolving, driven by groundbreaking software designed to improve care for Chronic Kidney Disease (CKD) and dialysis patients. But the impact of these innovations goes far beyond efficiency. They’re reshaping care, enhancing patient advocacy, and focusing on long-term outcomes. Here’s how this next-gen software is changing the game: 🩺 Personalized Treatment Plans Software harnesses AI to tailor treatment plans for CKD patients. Instead of a one-size-fits-all model, these platforms analyze real-time data to offer more precise interventions based on genetics and lifestyle. This shift toward personalized medicine results in better patient outcomes. 💡 💻 Predictive Analytics to Delay Dialysis Predictive algorithms can analyze patient data to forecast kidney function decline, allowing clinicians to intervene earlier. By delaying or preventing dialysis, patients experience improved quality of life, while healthcare costs drop. 🧬 📲 Enhanced Communication Telehealth, patient portals, and mobile apps now allow patients to easily communicate with providers and access records. This increased connectivity empowers patients to take an active role in their health, leading to better outcomes and adherence to treatment. 🔗 💊 Self-Management and Education CKD patients face daily challenges with medications and diet. Software simplifies management with reminders, educational tools, and self-monitoring features, like apps that track fluid intake or offer personalized meal suggestions. This enables patients to take control of their condition. 📚 🧑⚕️ Strengthening Patient Advocacy Next-gen platforms give patients a direct line to share their symptoms and treatment preferences. This ensures their voices are heard, fostering stronger relationships with providers and influencing future treatment development. 💬 👥 Collaboration and Data Sharing Improved data-sharing software allows seamless transitions between primary care, nephrology, and dialysis centers. This ensures continuity of care, reduces errors, and allows providers to make better-informed decisions. 🤝 🔑 Key Takeaway: The future of #CKD and #dialysis care is shifting towards personalized, preventive, and patient-centered solutions. This next wave of software doesn’t just enhance efficiency—it transforms the care experience by empowering patients, improving outcomes, and strengthening advocacy. Let’s embrace this future where technology and patient-centric care work hand-in-hand! 🌟 #healthcare #CKD #dialysis #softwareinnovation #patientadvocacy #digitalhealth #telemedicine #AI #predictiveanalytics

🎯 Interesting post about the new trend of VC´s, more inclined now to invest in ventures that "enhance" the current system rather than "transform" it. 1️⃣ "𝐄𝐧𝐡𝐚𝐧𝐜𝐢𝐧𝐠" 𝐢𝐧𝐬𝐭𝐞𝐚𝐝 𝐨𝐟 "𝐝𝐢𝐬𝐫𝐮𝐩𝐭𝐢𝐧𝐠" 5 out of the 10 promising scale-ups of the "TechCrunch list" can be categorized as CareOps, aiming to reduce admin for HCPs and streamline processes in care facilities. Therefore, the main focus is no longer on disrupting care delivery but on bringing efficiency within the status quo. 2️⃣ 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐢𝐧𝐠 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐚𝐫𝐞𝐚𝐬 𝐭𝐡𝐚𝐭 𝐚𝐫𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐮𝐧𝐝𝐞𝐫𝐬𝐞𝐫𝐯𝐞𝐝 3 out of the 10 promising scale-ups of the "TechCrunch list" target specific gaps / niches. #healthtech #venturecapital #VCs #startups #healthcare #digitalhealth #digitaltransformation #entrepreneurs

Transformation in healthcare is a crucial topic. What does it truly mean? Imagine a focus on alleviating the workload burden through technology, automating processes, eliminating human error, and understanding the pain points in care delivery. It's about creating process (not point) solutions that reduce waste and expense and create discipline, not just addressing isolated issues. We can achieve this by refining one workflow at a time. Consistently innovating with team input and integrating new knowledge fosters a culture of creativity and efficiency. Consider how well innovators grasp the fundamental issues from multiple angles. Some of the keys to success include truly understanding the healthcare industry, obsessing over the problem they are solving, having a clear and impactful value proposition, orchestrating workflows with change management and involving diverse experts. Transformation is challenging, no matter how we define it. By addressing these questions and focusing on change management, we can navigate the complexities of healthcare and drive meaningful change. Please share your innovation stories that are gaining traction and solving problems with discipline.

Good news for me, nobody is focusing on what I'm doing right now ! 🚀🚀🚀🤑🤑🤑 Digital Transformation in Healthcare is VERY SIMPLE There is one health service that 99% of people need, instead of focusing on small communities. - It is very cheap (less than $10/month) - Health Care Provider can make 60% - 80% revenue from it - The numbers will be so giant All we know is that we need it, but our thinking look too far away, so we miss it. So, just look around your neighborhood, you will find it. #PakaiVmedis #Healthcare #DigitalTransformation

The move from Fee for Service to Fee for Value is the only way to improve overall health outcomes. Through financial incentives and other methods, value-based care programs aim to hold providers more accountable for improving patient outcomes while also giving them greater flexibility to deliver the right care at the right time. The use of data and technology can enable providers and payors to move to value-based reimbursement. More details on technology opportunities are in this article. Norwest Venture Partners Clever Care Health Plan

I have recently had multiple discussions within my network involving startups and investors who are eager to gain a better understanding of the hospital and practice software market in Germany. This post should be a good starting point to understand the key players and the key dynamics. I wrote down a few additional thoughts. 1️⃣ 𝐌𝐚𝐧𝐲 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 𝐚𝐫𝐞 𝐰𝐞𝐚𝐤𝐞𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐨𝐥𝐞 𝐨𝐟 𝐡𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐬' 𝐄𝐇𝐑/𝐄𝐌𝐑 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐯𝐚𝐥𝐮𝐞 𝐜𝐡𝐚𝐢𝐧 In Germany, patient portals are being implemented, enabled by the "future hospital act". These patient portals are building patient pathways on top of EHR/EMR, capturing most of the value in the new digital value chain. The 15 BG clinics are implementing a "vendor-neutral, API-first interoperability layer" on top of their EHR/EMR systems and MedTech devices, effectively reducing EHR/EMR to the role of mere back-office databases. 2️⃣ 𝐈𝐧 𝐨𝐮𝐭𝐩𝐚𝐭𝐢𝐞𝐧𝐭 𝐜𝐚𝐫𝐞, 𝐭𝐡𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬 𝐦𝐚𝐝𝐞 𝐛𝐲 𝐌𝐕𝐙 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 Medical Care Centers (MVZ) are independent facilities where multiple outpatient doctors collaboratively work under one roof, often owned or financed by private investors. In 2020, Medical Care Centers (MVZs) accounted for 15% of ambulatory care practices in Germany. If current trends persist, MVZs are projected to represent 33% of all ambulatory care practices in Germany. This represents a significant portion of the market. MVZs are organized into an association. There is a scenario in which they could choose to promote a specific practice software in the market, or even develop or customize their own. This would structurally change the landscape of practice software in Germany. 3️⃣ 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐚𝐫𝐞 𝐬𝐜𝐫𝐮𝐭𝐢𝐧𝐢𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐨𝐮𝐭𝐩𝐚𝐭𝐢𝐞𝐧𝐭 𝐜𝐚𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐆𝐞𝐫𝐦𝐚𝐧𝐲 𝐯𝐞𝐫𝐲 𝐜𝐥𝐨𝐬𝐞𝐥𝐲... Traditional PE players are looking at a "buy & build" scenario for the practice software market in outpatient care. VCs have invested in new players such as Doctorly (cloud-based practice software), Eterno (co-working space for HCPs with its own Tech stack) and Doctolib (the #1 HealthTech in Europe bringing its own practice software early 2025). Corporate investors, like Mehiläinen, a leading Finish health system, has already acquired 50+ practices in Germany in the last months and is rolling out its own Tech Tech. 4️⃣ ... 𝐁𝐮𝐭 𝐏𝐨𝐥𝐢𝐜𝐲 𝐦𝐚𝐤𝐞𝐫𝐬 𝐚𝐫𝐞 𝐚𝐥𝐬𝐨 𝐰𝐚𝐭𝐜𝐡𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐩𝐚𝐜𝐞 𝐯𝐞𝐫𝐲 𝐜𝐥𝐨𝐬𝐞𝐥𝐲 The current German Health Minister has labeled external investors in healthcare as "locusts" and wants to stop the rising trend of Medical Care Centers (MVZs). Policymakers are exerting significant pressure on both hospital EHR/EMR systems and practice software in outpatient care to adopt the "open" FHIR standard. The market will also be redesigned by policy markers. #healthcare #healthtech #ehr #hospital #software

#Niche-focused #ventures in #HealthTech, such as those #targeting #underserved areas or #specific health conditions, offer several benefits. They can address gaps in the #healthcare system, provide specialized care, and #potentially integrate into broader #ecosystems for comprehensive healthcare solutions. For example, #JVEDTECHMedovation, could explore #partnerships with #niche #HealthTech startups to enhance offerings in healthcare #innovation.

We're just a few weeks away from the semi-finals of this year's NYU Entrepreneurs Challenge. As they gear up for their pitches, our teams are reflecting on their "Why?" the reasons they came up with their idea, and the impact they hope it will make. 🏥 In the latest post for our #ChallengeBlog, the founders Dr. Yomna Nassef (NYU College of Arts and Science '08) and Dr. Evan Ou, reflect on how their experience in the Emergency Room helped inspire the idea for their venture ContinueWell and how they plan to improve patient outcomes when they leave the hospital, reducing costs and decreasing rates of readmission. How does it work? 🤔 ContinueWell's AI-powered communication platform supports patients after discharge from the hospital, providing automated appointment scheduling 📆, prescription reminders ⏰, and educational resources 📖 tailored to their specific medical conditions to help patients manage their medical needs at home and reducing preventable and costly hospital readmissions. Learn all about ContinueWell and how they hope to improve the lives of hospital patients in the full blog post at: https://lnkd.in/ebcj6rWK #NYU #NYUStern #NYUEntrepreneursChallenge #BerkleyCenter #Venture #Competition #HealthcareVentures #technology #medicalcare #emergencyroom #hospitalcare #aihealthcare #doctors #athomecare