New Fostering HIT Entrepreneurship in the Philadelphia Region · 2016. 4. 13. · Fostering HIT Entrepreneurship in the Philadelphia Region DVHIMSS Winter Symposium April 3, 2014

Fostering HIT Entrepreneurship in the Philadelphia Region DVHIMSS Winter Symposium April 3, 2014 Atul Shah Co-Founder, Philadelphia Health IT (PHIT) Circle Senior VP, Within3 Inc.

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It Takes a Village

v  The Problem and the Opportunity

v  Philadelphia Health IT Circle (PHITC) Overview Ø  Vision and Mission

Ø  Who we are (we need you!)

Ø  How we operate

Ø  How we support the local ecosystem

v  Potential Future Initiatives (Focus: Demand drivers for HIE)

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Our HIT sector has promise, but operates in silos

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Academic  Medical  Ins.tu.ons   Payors  

Investors  Industry  

Welcome

Healthcare Reform: The Opportunity to Re-Imagine

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Industry

Payers

Providers

Academia

Patients

Govt.

Entre-preneurs

Investors

Applying IT to solve core

problems in healthcare

Convening a broad range of stakeholders to capitalize on our local assets

Required Skill Sets •  Business •  Clinical •  Technical •  Legal

PHIT Circle Vision and Mission

Vision: “Making Philadelphia a Digital Health Innovation Hub”

Mission

•  Breed a community of innovators and entrepreneurial ventures funded by an energized investor base

•  Create an inclusive local HIT community, including students

•  Foster a vision of Healthcare IT that

•  Moves beyond “point solutions”

•  Bridges traditional silos (e.g. payer, provider, industry)

•  Over time, “cracks the code” on vexing, system-wide issues

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Harness our collective assets to raise Philadelphia’s profile as a leader in Digital Health innovation

PHIT Circle Organization (Launched in Sept 2012)

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Advisory Board (future)

Leadership Team

Circle Members

Patient Engagement

Clinical Informatics

Students/ Young

Entrepreneurs

8-10 Local Luminaries

10 HC Professionals

500+ and growing

3 SIGs for now … more later?

Special Interest Groups:

PHIT Circle Leadership Team

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Atul Shah SVP, Within3 PHITC Co-founder

Phil Heifetz President / CEO, EyeIC PHITC Co-founder

Andrew Khouri Vice President Quaker Partners

Ryan Vass MD / MBA Candidate Wharton / Penn Med

Jon Kolstad Asst. Professor Wharton

Brian Milch HC Practice Manager McKinsey

Elliott Menschik Co-founder VentureF0rth

Michael Ross Chief Medical Officer NaviNet

Tom Austin MBA Candidate, Wharton

Andrew Hedin MBA Candidate, Wharton

Current Sponsors/Supporters

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How We Operate

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June 12

September 11

December 11

March 13

1 2

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Conduct Quarterly Meetings Cross-Promote Local HIT Events

Manage Website (PHITCIrcle.org) 4 Form / Lead SIGs (need help)

PHIT Circle Quarterly Gatherings – Past and Future

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Topic Speaker(s) Location

Q3 2012 HC Reform – Vendor Perspective

John Glaser, Siemens Health Services Wharton

Q4 2012 The Comparative Effectiv. Data Problem

Roger Longman, Real Endpoints Venturef0rth

Q1 2013 Patient Engagement Panel: Dr. Rich Snyder, IBC; Dr. Baber Ghauri, St. Mary’s; Bill King, Patient Advocate

Wharton

Q2 2013 Mobile Health Apps Ben Chodor, Happtique Venturef0rth

Q3 2013 HIEs Panel: Joe Miller, Am. Caritas; Julia Staas, Virtua; Manoj Sinha, Coriendo; Lisa Clark, Duane Morris

University of the Sciences

Q4 2013 Big Data Manish Goyal, IBM Watson Drexel

Q1 2014 Accountable Care Dr. Rich Snyder, IBC; Jeff Smith, Lumeris IBC

Q2 2014 Telemedicine TBD University City Science Center

Q3 2014 Elder Care (“Aging in Place”)

TBD Ben Franklin Tech Partners

Q4 2014 State of HC Reform TBD – Federal official Wharton

How PHITC Programs Support the Local Ecosystem

Local Investors/ Incubators/Accelerators PHIT Circle-led Feeder Programs*

* Funded by local sponsors, downstream beneficiaries, and government support; designed to appeal to local healthcare stakeholders ** One effective method of engaging local entrepreneurs around healthcare system issues defined by industry and/or government

IBC Health Care Innovation Fund / Center

Ben Franklin Technology Partners

Drexel / UCSC / DreamIt

UCSC Digital Health Accelerator

Safeguard / Quaker Partners ES2 / BioAdvance / Osage

Comcast / Siemens / Merck

Penn Innovation / UPstart

Others TBD

PHIT Circle Core Community Building •  Quarterly “Gatherings” •  Special Interest Groups (SIGs) •  Cross-promotion of local HIT groups •  Website-anchored communications Demand-driven Initiatives (2-4), e.g. •  City of Phila – Hypertension reduction •  HCIF – ED Care Transitions •  TBD #3 •  TBD #4

Key characteristics of selected initiatives •  Industry-defined (Provider/Payer/ACO) •  Clinically- or Population Health-driven •  Cross-silo stakeholders

Support funding, program participation

Philadelphia Region Impacts •  New Digital Health

businesses •  Significant job creation •  Improved population health •  National visibility as a hub

for Digital Health innovation

Developer Challenges**

Potential Future Initiatives (throwing fuel on the fire)

v  City of Philadelphia Ø  Potential Public/Private initiative

Ø  Target selected population health issue(s) requiring HIE v  Health Care Improvement Foundation

Ø  ED Care Transitions initiative (requires HIE)

Ø  Cross-institutional scope (Phila region)

Ø  Evaluating how can complement effort with HIT

v  Others TBD (1-2 additional)

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Seeking State of PA and Corporate Match Funding to Fuel PHITC-enabled Engagement Programs (e.g. Challenges)

City of Phila: Potential Public/Private Partnership

•  Philadelphia has enormous unrealized potential to become a leader in digital

health innovation, as an enabler of overall healthcare transformation

•  We have a significant healthcare market need (the underserved population),

but it’s disconnected from would-be entrepreneurs due to market fragmentation

•  We propose a City-led public/private initiative to transform Philadelphia into a

Digital Health Innovation Lab by leveraging City health resources and

operations, open data programs, and a public call for entrepreneurs

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Vision: Transform “The Cradle of Liberty” into “The Crucible of Healthcare Innovation”

Measurably Impact Population Health in the City of Philadelphia (and create jobs in the process)

SAMPLE INITIATIVE

Critical success factors that attract entrepreneurs

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Resources Data Customers

Culture Purpose

•  Funding (public and private)

•  Working space

•  Access to services (business advisors, legal, accounting)

•  Data to identify opportunities and test hypotheses

•  Data as analytical substrate for product development

•  Private sector

•  Public sector

•  Proximity to large companies

•  Access to talent

•  Innovation-friendly policy

•  Predictability

•  Social impact

•  Wealth creation

•  Ability to influence an industry

SAMPLE INITIATIVE

Now is the time for us to lead the way

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The market perceives a lack of coordination and/or support •  Many students leave Philadelphia after graduation

•  Some startups depart Philadelphia after reaching certain scale

•  There is not an ingrained culture for repeat start-ups

•  Historical silos between key stakeholders impede collaboration

City Hall has the pull to convene and mobilize the important players

A City-led, PHITC-facilitated public/private initiative could energize HIT innovators

SAMPLE INITIATIVE

Digital Health Initiative – proposed working model

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“Honest Broker”

PHIT Circle (500+ members)

City of Philadelphia

Advisory Board Funders

Project Team

• State • Corporate • Academic

Role of City Leadership 1.  Identify problem(s) 2.  Release appropriate data 3.  Implement solution(s) Rinse and repeat …

SAMPLE INITIATIVE

To kick-start the effort …

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We propose a 12-month program to rapidly fuel the Digital Health innovation ecosystem in Philadelphia

Innovative solutions impacting population health, costs, and business formation

… and the program could continue indefinitely as benefits are realized

Engage Entrepreneurs

Conduct Discovery

Establish Leadership

Phase 1: 90 days Phase 2: 90 days Phase 3: 180 days

… Keep evergreen

SAMPLE INITIATIVE

Looking Ahead … We Need You!

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To get involved with PHIT Circle •  Register on phitcircle.org

•  Attend quarterly meetings

•  Lead, Form, or Support a Special Interest Group (SIG)

•  Reach out to LT members with ideas

•  Tell your friends

To participate in a specific initiative (City of Phila, etc.) •  Stay tuned – attend next PHITC meeting for updated details

Next meeting: June 12 @ UCSC-Quorum Topic: Telemedicine / Telehealth