Jeffrey Wessler’s Post

It is such a crazy time to be building a digital health company -- on the one hand, there is SO much excitement about the space, so many opportunities for technology to make improvements, and so many exceptional people jumping in heads first. And yet, the market is pretty dismal for funding, exits and outcomes. In my view, survival is key right now -- and may be one of the best ways to make it through this storm. Take a look at my thought in Forbes on how to survive the great digital health shake out: #healthcare #digitalhealth #healthtech https://lnkd.in/e5V6yN-W

Exciting read on how a Sydney startup is paving the way for a frictionless future in healthcare. This article dives deep into their innovative approach and the impact they're making in the industry. Definitely worth a read for anyone interested in the intersection of technology and healthcare! https://lnkd.in/gDN4Pf-H #SydneyStartup #HealthcareInnovation

Good news to celebrate all weekend long, particularly for digital health entrepreneurs (yes, AI is the top of list). 1.   Both deals and dollars in digital health have increased. 2.   There is more funding for early stage companies. 3.   There are signs of recovery in the digital health IPO market. We can now all be reassured that innovation in healthcare is being supported, nurtured with funding, and that we are moving to a better #FutureofHealth. Now doesn’t that make you feel better already? Good read from Rock Health. Team Adriana Krasniansky, Mihir Somaiya and Sari Kaganoff https://lnkd.in/gcvgYeKv

I always look at these digital health funding reports from Rock Health and today I found something interesting: My whole professional life, I've been analyzing digital health's progress and future and I have never had a doubt about what role it could and should play in healthcare. The whole paradigm shift behind it (with patients finally contributing to their care and forming partnerships with medical professionals) also reinforces this belief. But the funding reports keep telling another story. We know that approximately 90% of startups fail within a few years, but one would think that an exception applies to this cruel rule when it comes to a necessity like healthcare, and an important innovation like digital health. Well, it seems like it doesn't. Just look at the big players like Babylon and Pear Therapeutics going bankrupt in recent years. Also, this is exactly why tech giants have it easy in the field: they don't have to go through funding rounds when it comes to expanding into healthcare, they just have to reach into their own pockets. If you're familiar with how investments work, what stories do these numbers in the report tell you? https://lnkd.in/eNx4cBeg

Insightful and comprehensive. Worth a read on #digitalhealth landscape.

doctorly was listed as one Newsweek Statista 400 best Digital Health companies in the world, 2024. Thanks for noticing, we aim to achieve even more by 2025! 🚀💙 #digitalhealth #healthtech #startup #newsweek #statista #doctorly

In the whirlwind of today's healthcare scene, the buzz around Foundation Health snagging a $6 million seed funding from heavyweights like Garry Tan, Transpose Platform, Exceptional Capital and Alt Capital is something we can't just scroll past. They're on a mission to shake up the consumer healthcare experience with digital-first solutions, and it's not just talk; they're taking significant strides towards changing how we think about healthcare engagement and delivery. At the core of Foundation Health's bold move is a clear commitment to delivering agile, scalable, and tech-savvy healthcare solutions. They're diving deep with offerings like APIs for Telehealth Prescribing and Pharmacy Services, Virtual Pharmacy, and Virtual Direct-to-Patient Service. This isn't just innovation for the sake of it; it's a thoughtful response to the shifting needs in healthcare and the crucial role technology plays in meeting these evolving demands. Their approach is a testament to the changing landscape, where digital healthcare solutions are moving from nice-to-have to absolutely essential, driven by the surge in telehealth services and the push for personalized healthcare. For entrepreneurs and startups watching these trends unfold, the takeaway is unmistakable. Leaning into innovation and centering your strategy around customer-focused tech solutions isn't just a good idea—it's critical for thriving in this new era. Foundation Health's journey is a clear indicator that strategic tech investments can flip the script on service delivery, amplify customer experiences, and carve out new paths for growth and profitability. While we often talk about navigating the digital transformation journey, Foundation Health's recent success prompts a deeper reflection. How can your venture tap into digital innovation to not just meet but exceed industry standards and reshape consumer expectations? This moment in healthcare is ripe for reimagining how services are delivered and experienced. Montaigne Smart Business Solutions #HealthTechInnovation #DigitalHealthcare #Entrepreneurship #ConsumerHealthcare #InnovativeSolutions #HealthTech #Telehealth Market Unwinded #PharmacySolutions #SeedFunding #MarketUnwinded #StrategicGrowth

🚀🤝 #Innovation & collectivism in #healthtech: A call to be bold 🤝🚀 This week, I was deeply inspired by Christina Farr's piece in Second Opinion, "Digital Health Companies: It's Time to Be Bold," which catalyzed some critical reflections on the current state of health tech in the US. 🧐 As we navigate the complexities of #healthcare innovation in 2024, two core themes resonated strongly: the urgent need for bold innovation 💡 and the transformative power of collective action 🤲. Health tech #startups face daunting challenges: lengthy sales cycles, dominance by established players, and navigating systems that often resist change. Yet, the drive to revolutionize health care motivates us to persevere. 🚴♂️ But why, despite decades of effort and investment, does progress seem glacially slow? ❄️ A key factor might be our industry's fragmentation and the scarcity of collective action. We're often so siloed in our endeavors that the opportunity for systemic change slips through our . . . keyboards. ⌨️ It's time to move beyond individual efforts and envision a more united front. 🌍 🌐 It's not just about integrating into the existing framework; but about reimagining it — collectively. Being bold means sharing our stories; advocating for policy reforms; fostering open-source projects; spurring data sharing and #interoperability initiatives; and ensuring that our technologies enhance human-centric, #inclusive health care delivery. "Being bold is ultimately about creating the conditions for technology to transform care delivery and help patients live healthier lives," Christina notes, a sentiment that I share. 🌟 Let's prioritize #patientcare, push for transparency as much as possible, and work collaboratively to dismantle barriers. This means not only challenging monopolies but also exploring #strategicpartnerships in ways that can facilitate real change. 🤝 To all #digitalhealth #innovators: let's be bold, together. 💪 Link to post: https://lnkd.in/gh8EaDTV I'm curious to hear from you: What are some other feasible forms of collective action that you believe could drive meaningful change in our health tech? 🤔💭 #digitalhealthcare #digitalhealthinnovation #digitalhealthsolutions #healthtechnology #healthtechinnovation #healthtechsolutions #healthtechstartup #mhealth #digitalhealthrevolution #digitalhealthleaders #mobilehealth #innovationinaction

Making inroads into the healthcare systems is crazy hard no matter what markets you're looking to making an impact on. Make NO mistake about it. This article from Harvard Business Review sums up nicely why that is so, even if I don't agree 100% on the headline; there is simply very little logic as to how the systems are constructed and operate on a daily basis, and there are some really powerful incumbents doing their utmost to keep competition out. The lifesaving bone for healthtech startups is that it is beyond doubt that the colossus is not viable for the future due to spiraling costs of care, lack of caregivers etc., so things WILL need to change. The road towards that change is just going to be painful for all including the founders of the companies looking to drive the change. So keep going at it, dear founder. You're doing an awesome thing for yourself, your team and for society as such. But make no mistake about how painful this is going to be and what it will require to succeed. The minute you feel "I have got this covered" is when you should be most alert and take a step back to re-assess. Trust me. Your startups life may depend on it. Agree? Disagree? Let me know - I am curious to hear. #healthcare #healthtech #digitalhealth #startup #challenges #strategy #leadership https://lnkd.in/di5JGped