This year’s Digital Healthcare Innovation Summit welcomed more attendees than ever and represented a greater chunk of the marketplace with 17 equity firms, 33 venture capital firms, and C-level representatives from 23 health care providers
The 329 attendees came from seven countries and 26 states for the event that’s “a little like binge-watching the entire industry,” said Co-Chair Bill Geary of Flare Capital Partners, kicking off the event with his opening remarks.
Themes of the day, according to Geary, included the political and regulatory landscape, the state of ACOs, payment reform, new care delivery models, serving the underserved, and, of course, how innovation will impact those areas.
The maturation of the digital health space was the top-level theme of the day, said Co-Chair Robert Mittendorf, MD, MBA, of Norwest Venture Partners. “More evidence has accumulated on the clinical and economic benefits and we’re able to see validation of business models.”
About $4 billion is projected for digital health investment this year – flat from the last two years, which Mittendorf noted is a good sign of maturation.
Calling the 2016 election the “800,000-pound animal” in the room, Mittendorf said all of the attendees are influenced by what’s happening in Washington, irrespective of political leanings. Therefore, they worked hard to include leaders in the policy arena to participate in the day’s sessions. Also part of the program were leaders on both the payer and provider sides as well as companies – “whether small and growing or growing and large and strategic.”
He reminded attendees to remember the goals of the day: content, networking, and, hopefully, business deals.
Tom Salemi, content director of Healthegy, called the summit a “celebration of digital health” with a mission of bringing all the integral parties together. While the meeting has started to spawn smaller business discussions, “we’re happy to keep it intimate and very focused on digital health,” he said.
The Digital Healthcare Innovation Summit was held in Boston on November 2 and featured speakers including David Blumenthal, MD, MPP, of The Commonwealth Fund, Massachusetts Governor Charlie Baker, and Charles Koontz, president and CEO and chief digital officer of GE Healthcare IT.
The Digital Healthcare Innovation Summit, chaired by Robert Mittendorff, MD, MBA, of Norwest Venture Partners, and Bill Geary of Flare Capital, brought together leading innovators, investors, and industry executives to share their valuable insights on the future of health care.
Contributed by Beth Walsh
Bill is a Partner at Flare Capital Partners, a team of proven healthcare technology venture capital investors known for delivering unrivaled strategic industry resources, insight and a total commitment to the success of the entrepreneurs with whom we have the privilege of partnering.