Nicole Anderson

Nice sum up on the #privateequity investments in #healthcareservices “healthcare services are increasingly integrating technology into workflows and becoming more attractive to tech investors” - Dan Shoenholz Private Equity Leader at EY-Parthenon. Technology has immense potential to amp up the quality of care, access and bridge gaps created by labor shortages through AI, automation and richer data science prediction tools.

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Today, we announced a $100M Series E funding round at a $3.3B valuation! Eight years ago, Spring Health started with Adam Chekroud's Lancet paper and our shared dream for using data to transform mental healthcare. We started the company literally in a Yale student dining hall and are now 1,200 employees and 10K+ providers around the globe. Our continued growth means more people are getting the care they need, and this new funding round will help us double down on increasing access, scaling our impact, and continuing to deliver even greater ROI to employers and health plans. By providing world-class mental healthcare and lowering costs for employers, we believe we are on track to build one of the world’s most valuable companies. I spoke with Emma Hinchcliffe at Fortune about today’s news and the future of precision mental health. You can read it here: https://lnkd.in/dNpvJPhq

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LLMs in Healthcare: Truth or Tale? As Generative AI is becoming more embedded in healthcare, it is crucial to fully understand its potential as well as its limitations. In our latest article, Namit and I take a closer look at this pressing question. We look into the details of Hallucinations, why do they occur and how can one navigate LLM hallucinations in healthcare implementations. Here are some takeaways on how to tackle LLM hallucinations - 1. Refined System Prompts: Provide clear, detailed prompts & adjust parameters like temperature to prioritize accuracy over creativity. 2. Advance Prompt Engineering: Break down complex tasks into simpler steps with techniques like prompt chaining & iterative querying. 3. Contextual Training: Prioritise pre-trained LLMs which are trained on domain-specific datasets or fine-tune models to minimise hallucinations. 4. Explainable AI (xAI): Increase transparency & trust by using techniques like doctor-in-the-loop, reasoning pathways, and feature influence, reasoning methods like SHAP/LIME. Thanks for the coverage TechCircle. Here's the link to the full article - https://lnkd.in/gdn_Pzk5 Pankaj, Dr. Nikhil, Gaurav, Shirish, Ruhika, Tushar, Shailja, Vedika 2070 Health #AI #GenerativeAI #LLM #Healthcare #Hallucinations

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🚀 I’m beyond excited to share something that's been fueling my passion for months: helping femtech founders and VCs build groundbreaking reproductive and maternal health solutions! 🌟 As both a strategist and consultant, I've had the privilege of guiding startups through the process of developing digital health products that aren’t just innovative—but impactful. From increasing the supply of culturally competent providers to using cutting-edge AI to support high-risk mothers, my goal has always been to make reproductive care more accessible, equitable, and user-centered. Some of the key ways I help founders and VCs: 💡 - Develop user-centric digital health products that address reproductive health challenges with innovative, accessible solutions. 💡 - Increase the supply of culturally competent providers and create frameworks for care that prioritize diverse patient populations. 💡 - Leverage AI to create preventative tools for high-risk mothers and improve health outcomes at every stage. 💡 - Position products as catalysts for equity, attracting both users and investors while driving systemic change. I’m fired up to continue this journey over the next few months, helping more startups develop solutions that put users in control of their health. If you're a founder or investor committed to driving meaningful change in reproductive and maternal health, I’d love to connect and explore how we can collaborate. Feel free to message me here or email me at [email protected]—let’s continue pushing the boundaries of what’s possible, together! #femtech #reproductivehealth #founders #innovation #investor #VC #capital #equityresearch #healthtech #leadership #healthcareequity

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Venture capitalists on a panel at MedCity News' INVEST conference in Chicago provided insights on the current #healthcarefunding environment, their views on AI, and why diversity still really matters. Key takeaways: 💹 The #digitalhealth funding market has more discipline, seeking founders who are paying more attention to unit economics and contribution margin and thinking critically about the milestones in their business and KPIs. 💹 Most investors want to help their portfolio companies sustainably accelerate profits and build the networks, such as #healthsystem connections, necessary for eventual commercialization. 💹 When considering #healthAI startups, a key question is asked: Is this a product or a company? AI should be an integral part of the core business rather than a trendy add-on. 💹 Diversity still really does matter. A VC on the panel said in all of the term sheets her firm signs, there is a clause that stipulates #diversity requirements for its portfolio companies. https://lnkd.in/gqsJEHBk

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Interesting to see that digital health funding is relatively stable. Only a couple of exits. I think we'll see more deals like DarioHealth's acquisition of Twill, since from a sales perspective, the narrower the solution, the more difficult it is to acquire customers. This difficulty has nothing to do with the quality of offerings, but with the data management and administrative complexity on the customer side.

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Investing in companies that fill needs for health systems is a growth opportunity for both delivery organizations and start ups. Some systems are jumping in on their own, while others are partnering with like minded systems or with established VC firms. While this is a relatively new trend for systems, health plans have been making similar bets for many years. The benefits of becoming a health system portfolio company can be significant. Data, access to beta populations and real world coaching can be extremely beneficial. Start ups get mentoring and systems have to ability to leverage outside resources to solve relevant business problems. I predict a booming business!

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Exciting news from Monica Chopra, Jeffrey De Flavio, MD, Samantha Adelberg, and the rest of the Auxa Health team as they officially announce their $5.2M Seed round. The team's deep industry expertise and drive for change have led them to solve critical infrastructural friction to providing quality healthcare and adoption of value-based care. Auxa's AI benefit navigation platform is simplifying the complexities of healthcare by streamlining all of the fragmented and siloed data and information to make it actionable in real-time for healthcare organizations. For the 70% of Americans who aren't getting access to the health and social care benefits they deserve, Auxa's solution will be pivotal in enabling equitable care. We're thrilled to partner with co-investors Zeal Capital Partners, AlleyCorp, Laconia, and Chaac Ventures on this journey and look to share many more milestones ahead. Cc K50 Ventures, Ryan Bloomer, Daniel Vásquez, Nick Talwar, Stefanie Ng https://lnkd.in/dPDY7-Db

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Health Tech innovation isn’t all fun and games. Here are 13 unglamorous experiences on our journey to widespread adoption by health systems 👇 1. Personally pitching (and being rejected) by 130+ investors in our seed investment round 2. Pitching our innovation to a hospital that was quietly developing a competing product - and had their internal product team sit in on our presentation without disclosing this (actually this happened twice!) 3. Being in the middle of contracting with a well-known academic medical center and then losing the deal because our clinical champion took a new job somewhere else 4. Being laughed out of the room by a health system IT department during a RFP evaluation that was clearly baked for another vendor 5. Being pushed out of a hospital after finally demonstrating statistically significant reductions in length of stay… because another vendor had a personal relationship with the C-suite (learned our lesson!) 6. Being yelled at by a physician leader when we weren’t willing to sell our innovation to his hospital at a loss 7. Pitching a VC partner whose firm didn’t want to invest in us to consider investing personally as an angel (yes I was desperate, and no he didn’t respond) 8. Being kicked out of a startup incubator for “lacking the backbone” to succeed in the complicated healthcare industry 9. Demonstrating improved outcomes at a hospital and then being told by the CEO he couldn’t justify funding the solution due to misaligned incentives (this happened twice!) 10. Taking a 9-hour bus ride to a healthcare innovation speed dating event… which led to 0 follow up meetings 11. Spending months in customer discovery purgatory doing countless interviews that went nowhere 12. Spending over 1 year to get our first hospital pilot study 13. Literally running back to conferences after leaving because an interested physician was suddenly available for 5 minutes (take any meeting you can get) And yet I wouldn’t change a single thing… because all of these experiences made us the resilient team we are at SeamlessMD today.

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🚀 Excited to share highlights from an incredible conversation at #HLTH #HLTHUSA on "Direct to Patient" Consumerism in Healthcare! 🌐 Joined by thought leaders and innovators in the field: Nate Beyor - Managing Director & Partner at Boston Consulting Group (BCG) and Global Leader in Health Tech Suzy Engwall - HealthTech Strategies, LLC & Co-Host of Planetary Health First Mars Next Alyssa Abo, MD, MBA - CEO of A² Consulting Group & Senior Medical Contributor at Planetary Health First Mars Next The panel explored how GLP-1s are accelerating the demand for patient-first models in healthcare, emphasizing direct engagement and creating a path for more personalized, accessible, and safer care. Key takeaways: 1️⃣ Direct Engagement with Patients: New models are putting patients at the center, empowering them with real-time, personalized healthcare access. 2️⃣ Opportunities for Pharma and Providers: Pharma companies and providers are seizing opportunities to enhance patient experiences, building trust and delivering better outcomes. 3️⃣ Physician and Provider Role: Ensuring a focus on safety and accessibility, while leveraging new tech to connect patients with the right care when they need it. Wow moment!!! The power of the highly motivated patient moving fours to fives! The shift to a "Direct to Patient" approach holds massive potential, paving the way for a healthier future where patients are not just recipients of care but active participants. #HealthcareInnovation #HealthTech #DirectToPatient #PatientEngagement #FutureOfHealthcare #ConsumerismInHealthcare #PlanetaryHealthFirst #MarsNext #HLTH Planetary Health First Mars Next

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🍂 Falling for Digital Health Trends! 🍂 Q4 is knocking, and I'm diving headfirst into the digital health pool! At Visible Hands, we're cultivating a fresh perspective on Empowering the Health sector. Here are three game-changing trends capturing my time and attention: Streamlining nonclinical work: AI has created a seismic shift in digital health, one of the improvements being shedding antiquated and broken workflows. Did you know: the health sector still uses fax machines? AI is transforming antiquated workflows, with some solutions slashing admin time by a staggering 70%. From intelligent scheduling to automated paperwork and streamlined revenue cycles, we're freeing up critical resources for what truly matters: patient care. Reimagining weight loss beyond GLP-1: 1 in 4 Americans by 2030 may face “severe obesity,” which equates to being overweight by at least 100lbs. (Link 1: Chan School, Harvard Study) With GLP-1s changing the game, digital platforms are shifting focus to holistic health coaching and long-term behavior change. While the market for GLP-1 drugs could surpass $1 trillion by 2035, my prediction is the market to support weight loss from a comprehensive and multimodal approach to obesity care will need to keep pace - an equally massive opportunity. In order to sustain weight loss, you have to do much more than move the number on a scale. (Link 2) Revolutionizing remote care: From AI-enabled diagnostics to VR therapy sessions in your native language, the line between clinic and home is blurring. Patients and providers face difficulty following up and monitoring remote patient care after being discharged. Understandably, simple follow-up can fall through the cracks when many physicians report being bogged down with data, and 87% of primary care physicians surveyed in the VA reported that they receive an “excessive” amount of alerts each day. The next frontier? Intelligent systems that cut through the noise, enabling meaningful remote patient management beyond basic telemedicine. What's your digital health obsession? Let's talk trends in the comments!  #HealthTechFuture #FallIntoInnovation #DigitalHealthTrends #HealthTechFuture #FallIntoInnovation Link 1: https://lnkd.in/euy5PmGX Link 2: https://lnkd.in/ed9-AJsp

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For #MemberMonday, please meet Eugenia Chiang, a growth optimization expert who advises HealthTech startups and takes on fractional hire roles through Ascende Consulting. Learn how Eugenia drives results and the value of HealthTech Hang. 🚀 𝗧𝗲𝗹𝗹 𝘂𝘀 𝗮𝗯𝗼𝘂𝘁 𝘆𝗼𝘂𝗿 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳 As a growth optimization expert, I help HealthTech startups craft efficient customer acquisition models through my business, Ascende Consulting. My background includes leading sales strategy in startups like Demandforce and Medallia, both of which had a presence in healthcare.  I also coach and speak on entrepreneurship, contributing to a bootcamp sponsored by The National Institutes of Health to address substance use disorder in the US. 𝗧𝗲𝗹𝗹 𝘂𝘀 𝗮𝗯𝗼𝘂𝘁 𝘆𝗼𝘂𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 Ascende Consulting specializes in driving disciplined, efficient, and sustainable Go-To-Market (GTM) capabilities for B2B health tech startups. Our mission is to help growth-stage startups achieve their targets through: - Strategic Planning: Crafting tailored plans that align with your unique market needs.  - Operational Alignment: Ensuring operations are streamlined for maximum efficiency.  - Disciplined Execution: Implementing strategies to drive tangible results. One of our recent projects involved accelerating lead generation velocity for a clinical trials patient recruitment startup, showcasing our commitment to delivering impactful results. 𝗛𝗼𝘄 𝗵𝗮𝘀 HealthTech Hang 𝗺𝗮𝗱𝗲 𝗮𝗻 𝗶𝗺𝗽𝗮𝗰𝘁? I am continually inspired by the dedication of the HealthTech community to enhance patient outcomes through innovative solutions. The connections I’ve made in this field have been incredibly supportive, offering introductions and facilitating collaborations without hesitation. #MemberMonday #HealthTech #GTM #Growth #Consulting

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Southeast Asia Surpassing Expectations in Digital Health: Black Book Research Reveals Key Trends (Yahoo! Finance) https://lnkd.in/gDmUxFDh Top Strategic Advisors in Southeast Asia's Healthcare IT Landscape L.E.K. Consulting McKinsey & Company PwC Roland Berger KPMG YCP KPMG India #SoutheastAsia #healthit #HITConsulting #EHR

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In part two of MobiHealthNews' investment series, Matt Cybulsky, PhD of LBMC, discusses how the digital health investment landscape has evolved from a period of rapid capital influx to one of cautious, strategic funding. He provides his view as a consultant on strategies companies can use to attract investment as economic pressures mount and offers his take on the investor perspective. Click on the link below to read part two, and stay tuned for part three on Tuesday, where we'll explore pharma's partnerships and investments in the sector. #digitalhealth #healthcareinnovation #AIinhealthcare #HealthTech #investmentstrategy #digitalhealthinvestment #digitalhealthconsulting #MobiHealthNews #LBMC HIMSS Media HIMSS

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This report by Rock Health underscores a significant fact: the Black community, with a staggering ~$1.6T in purchasing power and notable digital health adoption, is a pivotal consumer group in the healthcare sector. For instance, 78% of Black respondents have received virtual care, and 49% own or have owned a wearable device. Yet, despite significant engagement, Black consumers often report lower satisfaction with digital health solutions. This gap represents a tremendous opportunity for innovation and improvement. Placing Black individuals at the forefront of healthcare innovation is not just an option—it's a necessity. And it’s important to note that the health needs of Black Americans vary across different axes of identity, such as gender, income, ability, age, and geography. I hope this Rock Health report is a wake-up call for the healthcare industry. It’s time we prioritize the Black community in our digital health solutions, building trust and representation into the fabric of our innovations. 

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Thrilled to share highlights from the recent Innovation & Strategy Manager dinner hosted by HealthTech Hang! 🌟 Last night was full of hot takes👇 and great food. 🚀 Prioritize Rapid Action Over Prolonged Strategy 🎨 Integrate Design Thinking for Improved Processes 🏢 Embed Innovators Within Core Business Units 💰 Leverage Venture Capital Mindset for Big Bets 🛡️ Build Resilience Against Corporate Immune Systems 🎲 Balance Serious Innovation with Playfulness 🤖 Incorporate AI Governance into Innovation Strategy Thanks to Elyse (Yuan) Ruan from Stanford Health Care, Chris McCarthy from ILN Coaching & Consulting, Zarrah B. from McKesson, Pascal Hoffmann from Blue Shield of California 🙏 DM or comment if you want to be featured for a Dine & Develop. I am looking for experts in job positions, functional areas, company types, and problem spaces who want to dine with peers and develop professionally! 🍽 As always, join the HealthTech Hang community by signing up for my newsletter at the link above 👆 #HealthTech #Dinner #Innovation #Strategy

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Useful insights from the Oak team on #AI. In healthcare though, aren't we approaching a point where data may become a commodity? (assurance labs, Komodo, etc) If this is the case, subject matter expertise and business models become the core IP and points of differentiations for start-ups. "#LLMs have democratized AI... [therefore] core competencies now will come from companies that have: 1. gold-standard data 2. deep understanding of the status quo processes being addressed 3. the right business model (i.e., SaaS pricing isn’t the answer to everything)"

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When we think about the future of the health tech investment landscape, it's important to recognize we are still in the early innings; we didn't see significant health tech investment until 2019, when the sector reached 10% of overall VC funding. As the next IPO window opens up, we're going to see a greater level of maturity among companies compared to the last few years. Thanks to Gabriel Perna for sharing my take in Modern Healthcare. 

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🚀 Just listened to this incredible episode of #HLTHForward featuring Smriti Kirubanandan and Matthew Holt—a true deep dive into the raw realities of healthcare today! 🩺✨ Matthew’s insights as a healthcare veteran, mixed with Smriti’s strategic lens, made this conversation both eye-opening and thought-provoking. Catch the full episode here and join the conversation on what’s next in healthcare. ⬇️ #Healthcare #HealthTech #Podcast #Leadership

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