Harlem Capital’s Post

Since moving to London last year I’ve had a lot of fun exploring what’s next. Meeting great folks out here, and working with an impressive collection of healthcare startups and venture firms on both sides of the Atlantic. One topic I’ve been thinking about quite a bit in this free time is how to support UK/EU innovators who are trying to break into the US healthcare market. It’s hard enough to navigate those dynamics from inside the belly of the beast.. let alone from 5+ timezones away. I’ve teamed up on this question with the incisive Peter Hames (who all but wrote the playbook, scaling Big Health from oxford to all 50 states) and we are going to put together an intensive “go to market” workshop for founders/operators/investors in central london this April. This will be a small group, fully in-person, meeting across two days. The goal is to accelerate your operations and give you the practical frameworks you need to develop your US strategy. Please share with folks you think may enjoy, and you can learn more here: https://lnkd.in/eyx5Zpbm

Power to the Doctors - A Point of Clarification re: this article headline Forward was Venture Capital backed (earlier stage / high risk) versus traditional growth equity, later stage PE. VC = bold, avant-garde, high risk, speculative investment, whereas PE invests in established, cash flowing, proven businesses with experienced operators/management teams. The entrepreneurs who founded Forward had a bold idea/vision, and yet it didn't pan out. They attempted to utilize technology and AI to essentially replace physicians. Oops! Physicians should never be replaced, as we need to continue augmenting/enabling their care, and investing in them. Agree or disagree? #healthcare #ai #venturecapital #entrepreneurship https://lnkd.in/gBkmCsgk

InsiderCX monthly update for April 2024. I'm 20 days late but when you convert that to "startup days" it's somewhere around 173, so my bad. 2024. journey: 1️⃣ January - 17,707 2️⃣ February - 18,587 3️⃣ March - 21,040 4️⃣ April - 17,976 Total: 75,310 That means we contacted 356% more patients than this time last year. I'll repeat that. 356%. What are we currently working on? ✅ Redesign of the platform ✅ Developing the most extensive content knowledgebase on patient experience ✅ Finding strategic partners in the UK that want to challenge the status quo If anybody from my network knows about exciting SaaS products in the private healthcare space - let me know. Until the next update! #patientexperience #patientfeedback #patientengagement

In France, there is no question that Doctolib is one of those companies that has profoundly changed the way people behave. Launched in 2013 by Stanislas Niox-Chateau as an online booking platform that lets patients schedule doctor appointments, Doctolib saw huge adoption in the country and now covers “almost all of the French population”, its CFO Pierre Vergnes tells me. But what's next for the company, which at €5.8bn is France's highest-valued unicorn? After having (slowly) expanded to Germany and Italy — learning throughout that taking on new geographies with a health product can be painful — will the scaleup be able to conquer other countries? And as more and more startups set out to leverage new technologies for healthcare, will Doctolib manage to stay ahead of the curve? Read more: https://lnkd.in/e6Rmdhyc

Two interesting reflections: 1.    “…only invest in founders who come from the healthcare world.”: It is not a guarantee of success, but in can help. In any case, many other hurdles and  risks to be overcome, assure a demanding journey. 2.    “It (healthcare) is an industry with meaningful infrastructural and regulatory challenges, and one that is resistant to change - therefore, innovation occurs slowly and in incremental fashion.”: The paradox is, healthcare systems need innovation but they are slow to adopt it. Why?: fragmented landscape, risk aversion, focus on costs and not on value, regulatory barriers, reimbursement policies, clinician not sufficiently involved, HTA not adapted to innovation process… Rationality does not seem to be a main driver of innovation in healthcare systems. #innovation #healthcaresystems #riskaversion #healthoutcomes

According to Rock Health U.S. #DigitalHealth start-ups raised $5.7B across 266 deals in H1 2024. Interesting to note that, 84% of labelled raises in the first half of the year came from early-stage companies (Seed, Series A, Series B). After years of overvaluation, these recent deals seem to reflect more accurate valuations, signalling a market recovery. This is great news for investors, entrepreneurs, and patients- confidence in #HealthTech's future is growing as the industry pushes forward.

Pitchfest finalist Healthtech-1 raises £2.7m in seed funding - Digital Health #HealthTech1SeedFunding #PitchfestFinalist #£2.7mRaised Healthtech-1, a finalist in a recent pitchfest competition, has successfully secured £2.7 million in seed funding. This significant investment will allow the company to further develop its innovative healthcare technology solutions and expand its reach in the market. The funding round was led by prominent investors who see great potential in Healthtech-1's offerings. #InnovativeHealthcareTechnology #MarketExpansion #ProminentInvestors The CEO of Healthtech-1 expressed gratitude for the support and confidence shown by investors, highlighting the company's commitment to revolutionizing healthcare through technology. With this new funding, Healthtech-1 aims to ai.mediformatica.com #digital #health #healthtech #digitalhealth #gppractices #patients #pitchfest #rewired #accelerator #accenture #administration #automatedlabreports #healthit #healthcaretechnology @MediFormatica (https://buff.ly/3Wx206B)

Oracle Health is paving the way for intelligent and data-driven healthcare experiences with our open healthcare platform. The platform connects healthcare providers, payers, public health, life sciences, and consumers to create a human-centric ecosystem for innovation in healthcare. Check out this article to learn more about Nashville's booming health-tech startup scene and how Oracle Health is contributing to the future of healthcare. I am happy to be a part of the team! #healthtech #healthcare #innovation #dataanalytics #OracleHealth

📊 2025 is Set to Be the Year of Healthcare IPOs📊 After a challenging 3-year drought in the healthcare IPO space, the tide is turning. 🌊 At least two healthcare innovators, Omada Health and Hinge Health, are taking strategic steps toward public listings, with confidential filings already in motion. Omada, a diabetes-focused startup, and Hinge Health, specializing in physical therapy, are just the tip of the iceberg as more companies explore going public. 🚀 So, what’s the key to success in this new era of healthcare IPOs? Building brand awareness is crucial. As market conditions improve, healthcare startups must position themselves as market leaders by leveraging their unique innovations and creating a buzz long before hitting the public market. 🎯 🌟 The recent years of healthcare market volatility, from take-privates to near-delistings, have offered valuable lessons. Companies planning to go public need to avoid past pitfalls by focusing on operational excellence, financial transparency, and customer-centric innovations. The healthcare landscape is evolving, and only those who prepare strategically will thrive. With 2025 shaping up to be a breakthrough year for healthcare IPOs, it’s time for startups to gear up and capitalize on the opportunity to reshape the future of healthcare. Who will lead the charge and redefine public healthcare companies? 🌍💡 #healthcareipo #ipo2025 #healthtechstartups #markettrends #digitalhealth #healthinnovation #investmentopportunities #techinhealthcare

Pitchfest finalist Healthtech-1 raises £2.7m in seed funding Digital Health Rewired Pitchfest finalist, Healthtech-1 has raised £2.7 million in a seed funding round. The startup, which automates administration tasks in primary care, said its solution is live in 721 GP practices in England, an increase from just 10 in May 2022. Very good indeed! Healthtech-1 co-founders Peter Huang, former Monzo web engineer, Raj Kohli, an ex-Accenture consultant reached the final stage of Rewired Pitchfest in 2022 and in 2023. The team is now aiming to be live in more than 90% of the market by the end of 2025. A big call. Realistic? We shall see. Currently, patients at many GP practices register themselves manually by filling out a physical or online form which is manually inputted into the practice’s operating system. Kohli told Digital Health News: “The standard of software primary care staff have to use is criminal. How can we expect the NHS to deliver world class care with tech from the 90s? “We see a world in which patients can get access to the GP when they need it, and care is delivered in a proactive way. “Imagine if when you registered with a new GP, it could be recognised that you’re due a medication review or diabetes check-up. “And imagine if those kinds of gaps in your care could be automatically and proactively closed by updating information about you or offering you the right appointment — all without the patient needing to pick up the phone or practice staff needing to be bogged down by admin”. The Healthtech-1 solution conducts identity checks against NHS records, writes the data into the system and identifies areas to the practice where they might need to pay more attention, such as safeguarding. In 2024, the team has been building its second product, Automated Lab Reports, which is currently able to automate around 20% of normal and abnormal results that a GP practice receives. The product has automated 20,975 results across 31 practices to date. Watch this space! #healthtech #pitchfest #NHS #familyoffice #hedgefunds