Don Ross-Health 2.0 01.15.2013
Download as PPTX, PDF0 likes416 views
The document discusses opportunities in health technology (HealthTech) investing. It notes that new sources of health data from areas like social media, patient records, and mobile apps are creating a "health data tsunami" with potential for actionable insights. While mHealth and digital health programs have shown promising results for outcomes like weight loss, HealthTech startups face challenges of unproven business models and gaining adoption among consumers, physicians, and hospitals. The document advocates that HealthTech requires expertise in both healthcare and technology and proposes that a collaborative ecosystem can help startups with mentoring, validation, and strategic partnerships.
Don Ross-Health 2.0 01.15.2013
- 1. Don Ross HealthTech Capital January 15, 2013 [email protected]
- 2. Transforming Healthcare Improve Quality Leverage Reduce Information Demand Technology Value-based Engage Incentives Consumers [email protected]
- 3. Big Themes Behavior Telemedicine Quantified Self Change Big Data Interoperability Aging in Place [email protected]
- 4. Health Data Tsumani New Health Data Sources Drug Research Social Media Patient Records Gene Sequencing Test Results Claims Home Monitoring Mobile apps [email protected]
- 5. Actionable Data • 11 million use mobile enabled glucose monitors • Actionable information • Continuous monitoring? [email protected]
- 6. Blockbuster Potential Drug? • 47.5% - 5% weight loss (1 year) mHealth? • 36% - 5% weight loss (3 months) Omada Health? • Average weight loss = 6.4% (16 weeks) • NIH Diabetes Prevention Program [email protected]
- 7. HealthTech Opportunity Improve Health Control Costs [email protected]
- 8. Building a Business? Alignment of incentives [email protected]
- 9. Continuum of Care Acute Chronic @ Home Wellness Terminal Acute Chronic At Risk Healthy [email protected]
- 10. HealthTech = Market Risk Consumers Patients Alternate User Adoption Risk Care Users? Many? Why Use? Often? MDs Acquire? Cost? Hospitals Business Model Risk Who Pays? Why? Prove Value? Sustainable Barriers? [email protected]
- 11. Hitting the Pay Wall • 1 of 3 Americans – online for health information • Of which, 1 in 4 hit “pay wall” 2% paid 83% sought free alternate 13% gave up Source: Pew Health Online 2013 [email protected]
- 12. Venture: Market vs. Product Risk? VALUATION TECH HEALTHTECH ? $1B LIFE SCIENCE Market $ 100 M > $50 M Payment > $15 M $ 10 M FDA > $5 M Trials >$1M Product > $25K 1M Seed Series A Series B Series C Series D Series E [email protected]
- 13. HealthTech: New Investment Space • High Market Risk – Healthcare Ecosystem Expertise • Complex Pain points and Workflows • Regulatory, Multiple Stakeholders – Unproven Market • Revenue Model, User Adoption • Low Technology Risk – Quick Prototyping and Launch – Capital Efficient: Few VC rounds [email protected]
- 14. HealthTech Capital Ecosystem Healthcare Technology Consumer [email protected]
- 15. HealthTech Capital Members Investors Service Venture Physicians Industry
- 16. Collaborative Ecosystem Seed $ Mentoring Validation HealthTech Startup Strategic Partner [email protected]
- 18. Thank you Don Ross HealthTech Capital 650.465.3173 [email protected] [email protected]