Health system innovation leaders told Becker’s economic pressures such as rising interest rates and bank failures make it even more imperative to reshape healthcare, but in a more focused way.
“Healthcare innovation at its best is always closely tied to value generation for the end users in the health system,” said Omkar Kulkarni, vice president and chief transformation and digital officer of Children’s Hospital Los Angeles. “This is true today more than ever, given the macro environment.”
He pointed to his hospital’s KidsX accelerator for new pediatric digital health companies. “We are working with our startups to ensure that their business models and pricing approach are sound and that their investment strategies are realistic, given the current environment,” he said.
That includes rising interest rates, declining venture funding and bank failures such as the recent collapse of Silicon Valley Bank. Health system venture capital leaders told Becker’s that institution’s crash had the potential to slow innovation in healthcare. Read more.
