Healthcare is a rigid sector where the one-size-fits-all approach doesn’t work. Every problem is made up of a set of micro problems, each of which demands a different solution. A decade ago, most of the new businesses emerged around the same idea that was already resolving a problem. Innovations weren’t as easy as in the other industries because here, the patient’s life is at stake. The lack of openness to try new solutions resulted in expensive medication costs and lack of transparency. There was a good scope of improvement in the healthcare sector. A few entrepreneurs capitalized this opportunity, harnessed their ideas, skills, and efforts to solve some of the biggest problems in the domain. Taking advantage of the biggest potential in the market while optimizing the legacy systems to get the best results, these thought leaders have been true problem solvers. From diagnosis to cure, the reader will get rare insights into the world of the health tech, through this edition.
Healthcare is a sensitive industry which has no room for trial and error. The constraints associated with experimentation is the major reason why the industry the evolution of the industry in terms of technological advancement is slow. Technologies like Artificial Intelligence and Machine Learning constantly oscillate between success and failures, some leaders have managed to bring the balance on the right side. With a reputation for carving a niche for themselves in the rigid space, they have leveraged their business acumen to establish their moorings of technology in the unconquered islands of healthcare. As a result of their efforts and strategic thinking, today the industry is abuzz with a healthy ecosystem of health-tech pioneers. With this in mind, we set out to present to you through this edition the top 50 CEOs in the health-tech industry and the secret sauce of their success recipe. This project exposed us to the most inspiring CEOs in the U.S and we thoughtfully crafted this edition to acquaint you with the smartest minds of the industry and expose you to the keys to their success and the discipline it calls for.
Peter Hickey, CEO
A 67-year-old female was treated at the Nova Scotia Health Authority for mycosis fungoides of the forehead, eyelid, and nose with mycosis fungoides involving the upper face. As a part of her treatment plan, the application of bolus for Modulated Electron Radiation Therapy (MERT) was necessary to deliver the prescribed dose to the skin surface to treat her disease with two separate electron fields.
Sergey Musienko, CEO
A personalized health company applying the latest genetic technologies to inspire consumers into a positive lifestyle change, and lead them into a healthier future.
Kristen Valdes, Founder And CEO
B.well is an integrated health management platform that connects consumers with a personalized digital experience to manage all aspects of their health. For payers, the solution provides unmatched digital navigation and for health systems it becomes the single digital front door to transform and execute on digital strategy.
Josef Scheiber, MD & Founder
Medical errors are as fatal as terminal diseases. Often numerous patients die due to the recurring medical errors in the healthcare systems. The modern healthcare sector is continuously challenged with this festering issue as they strive to deliver safe and higher quality care.
Jacob Lee, CEO
Despite the upheaval that AI has created in the healthcare space, the lack of well-annotated data has been the biggest challenge in the development of disease detection AI engines. It slows the process and is very expensive. Moreover, annotation and labeling demand a heavy workload from medical doctors in the development stage of medical AI engines. Applying his extensive experience in objective recognition for medical image-based diagnosis using AI deep learning, Jacob Lee found the perfect solution to reduce the burden from this data annotation and labeling process.
Dr. Barbara Howard President
We built CHADIS (CHADIS.com) to address problems delivering evidence-based healthcare. CHADIS is a web-based system facilitating care for children and adults including: pre-visit online screening; moment of care decision support; and post-visit patient engagement with individual webpages populated with educational handouts and resources. CHADIS provides patient-generated data for documentation of guideline-based care. CHADIS has >2M patients enrolled in 45 states.
Tanveer Patel Co-Founder & CEO
Digitization has crawled into every phase of healthcare. As consumers of healthcare are gaining more medical knowledge, the demand for better service and outcomes is increasing like never before; and the only means to meet this need is through technology. “The best way to deliver healthcare to all at high quality is to be preventative and reach the consumers early before they need it,” notes Tanveer Patel, Co-Founder and CEO of ConcertCare.
West Shell Co-founder, CEO & Chairman
Anne Marie Kirby, Founder & CEO
CoreHealth is a total well-being technology company trusted by global wellness providers to maximize health, engagement and productivity for 3+ million employees worldwide.
Waqas Ahmed, Founder & CEO
Building digital healthcare eco-systems to provide affordable healthcare through its Direct to Patients Marketplace project CURA4U and SmartClinix
Thomas Grandell, CEO & Co-founder
Etsimo offers a healthcare platform that leverages AI and machine learning on top of health data, making it possible for healthcare providers and insurance companies to instantly offer their customers an engaging experience and predictive and preventive healthcare through existing and future digital channels.
Dr. Tsafrir Kolatt, CEO & Co-founder
Fertigo Medical is a medical device company set to transform In-Vitro Fertilization (IVF) treatment.
Terry Rowinski President and CEO
HPS is a healthcare technology provider offering solutions to enhance the healthcare billing and payment experience for consumers, while also driving value to healthcare providers, insurance companies and employers.
Christopher J. Ianelli, MD, CEO
During his service at the Brigham and Women’s Hospital in Boston, Dr. Christopher Ianelli noticed a software solution that orchestrated the distribution of leftover specimens to researchers developed within the clinical laboratory of the hospital. Acknowledging that these “clinical remnant” specimens held tremendous value for medical research, he quickly realized the power of this solution to reduce waste and accelerate research by connecting bench researchers to a steady supply of remnant clinical samples.
Carrie Chitsey, Co-Founder & CEO
Empowers healthcare organizations to have their own branded telehealth solution in minutes reaching today’s digital patients.
William J. Febbo, CEO & Director
provides unique physician and consumer platforms and strategies to help patients better afford and adhere to their treatment regimens, while offering pharmaceutical and healthcare companies more effective ways to deliver relevant information and services to healthcare providers and their patients right at the point of care.
Justin Barad, MD Co-Founder & CEO
Osso VR is an award winning VR surgical and medical device training platform. The company is made up of practicing clinicians, professional VR developers and medtech industry veterans. We specialize in hyper-realistic, haptic-enhanced, hands-on interactivity and design.
John Steele, CEO
Pareto Intelligence is a leading healthcare technology company modernizing the way health plans and providers succeed in value-based care. We deliver analytics, technology and advisory solutions, supported by predictive models and advanced data science, that demystify complex healthcare data and deliver actionable insights to improve outcomes.
Dirk Wagener, GM
Cardiovascular disease or CVD is a global problem. Though typically viewed as a “rich-world disease”, it has now migrated to many developing countries. The rising prevalence of CVD, today, calls for cost-effective and intelligent patient-centric healthcare technology that empowers care teams and has a real impact on patients.
Gabriela Fuentes, COO
The value of AI has been accelerating the healthcare space at an increasing rate. In fact, AI-powered medical diagnostics is today driving the critical changes across the care continuum. However, AI technologies are not believed to replace doctors despite its transformative power. “We view AI only as a new medical device that allows doctors to ‘better see’ each case,” says Gabriela Fuentes, COO, Transmural Biotech or TMB. “For instance, doctors with different degrees of training reach different conclusions on a clinical diagnosis. Instead, if they have access to data-driven AI image processing technology to support their decision, objective results can be attained regardless of their training.” Upholding the same principle, TMB develops innovative clinical solutions and services using disruptive technologies based on AI.
Oren Goldshtein CEO & Co-Founder
Vectorious world’s first in-heart microcomputer, enables effective management of heart failure.
Nersi Nazari, CEO
VitalConnect provides physicians, nurses and patients with an extraordinary advancement in healthcare. Never before has so much continuous monitoring of vital signs been possible in a single, small—yet powerful—device. By consolidating eight critical vital signs into one wireless biosensor,VitalPatch enables a new view into healthcare, but more importantly it connects all interested parties in a patient’s recovery with each other.
Maximillian Jaffe, Co-Founder & COO
WeRecover automates the process of finding the right addiction treatment program by streamlining care navigation, seamlessly integrating patient communication, and curating matches between patients and providers using a proprietary algorithm.
The word nano take us to the tiniest shapes but the measurement of nano is much smaller than what we expect. Nano can be defined as one billionth of something. The measuring scale of nano is recently been added to almost every business sector including medical sector. It is allowing the medical professionals to measure and study the tiniest particles like cell components, viruses, DNA, and more. With the help of nano technology, medical sector has developed sub microscopic labs, tools, tubes and robots. DNA is the most basic element of human body, with the manipulation of DNA a number of diseases can be treated effectively by having a great control over the growth of DNA. Use of nanotechnologies is done by using nanoparticles for the treatment for which nano-robots are developed in the form of medicines to revitalize the cellular parts of a body. There are certain diseases that require crucial substances for a particular cell development as a treatment of the disease, for example cancer. With the help of nanotechnology, particles are engineered which can effectively engage with the affected cells and repair it with a direct treatment.
Advancements in the medical sector is not hidden from anyone, every single eye in this world has witnessed a great transformation in the medical assistance and the medical professionals too. Innovation is sole reason for this excellent transformation of medical health sector. In the past few decades, medical industry has gone through several advancements, right from the scanning machines till remote medical assistance. A world technology is not a single element which is responsible for this giant change, but it has enclosed several innovations within this world. If compared to past decade, now we are answerable to a number of diseases which were unknown before a decade. Not only we have answers for those but also we have effective treatment for almost diseases. Technologies are not majorly developed for the medical sector, but with the help of great professionals and technological developments, now we are able to modify and utilize latest technologies in medical sector too, such as artificial intelligence, big data, virtual reality, augmented reality, sensors and many more. In the first view the above mentioned technologies take you to the gaming zone, finance department, or huge IT sectors.
If you take a survey then five out of every ten folk is struggling with some or other health disorder and two among those are at the critical stage due to late diagnosis of the disease. To put an end to this issue, a regular health checkup is required, so that you can understand your health condition and do the needful to get rid of it. But the question is “how many of us go to the medical practitioner for a routine healthcare checkup?” Answer will be very few. To avoid this condition, several scientists and inventors are trying to develop a device which will be handy and can be afforded by every single folk to practice their self-health checkup. The device is names as medical tricorder, a portable handheld device for diagnosing health conditions within seconds. The device is not available in the real world market but several brains are working for this great invention with an intension to upgrade the medical sector. Experts have developed a huge variety of devices to support the medical professionals diagnosing various types of diseases. Each type of disease has a distinct device and the operations of such device are known to the practitioners only. There is no such device which is capable enough to diagnose distinct types of health conditions.
A new era of telemedicine has been emerged with the advancements of technology and its use in the healthcare industry. Evolution of technology has enabled health care professionals to provide more promising treatments to the patients regardless of their location and situation. If you talk about the impact of technology over the healthcare sector then it is countless, but few major transformation that has been brought by the technological growth are access to the best medical practitioner anywhere from the world, immediate medical assessment of a patient, latest treatment technologies and many more. Incorporation of digital platform is one of the best advancements in medical and also a great reason for the change of medical phase. Health records must be kept for years and years, because any further treatment may require the details of your health record or any type of treatment taken by the patient in his medical history for an effective and also safe treatment. Keeping such records manually is really a tough task for a folk. Now, technology has a solution for this problem as it have given an option to save health records along with the health checkup reports in the cloud system.
When Electronic Medical Records (EMRs) were introduced in the early 1970s the vision was clear: digitizing patient records would make healthcare more efficient, and better for the patient and provider. Fast forward to today—we’ve come a long way towards the goal of a better system, but we aren’t quite there. We’ve identified the industry’s pain points, and laid the groundwork for solutions. Widespread adoption of the three healthcare tech ideas below will be crucial to building a healthcare system that is better for patients and the clinicians alike. In 2018, the Centers for Medicare and Medicaid (CMS) renamed “Meaningful Use” to “Promoting Interoperability”, which is a good indicator that we are inching closer to greater efficiency in healthcare. Essentially, interoperability means the ability for health information systems and software apps to communicate, exchange data and use the data they’ve shared. “Digitizing healthcare” was initially driven by revenue optimization and then care standardization. Clinical efficiency seems to be the forgotten promise but will ultimately be one of the most meaningful outcomes. While EMRs have made huge strides in digitizing healthcare and allowing for data to lead the way, they haven’t always communicated well with each other or other technology. Enter Fast Healthcare Interoperability Resources, or ‘FHIR.
Apps, and their use for the promotion of health and wellbeing, are the subject of increasing interest and enquiry; particularly in light of the NHS’ Long Term Plan, and ever-increasing pressures on scarce NHS resources. But finding and downloading effective, engaging, and most importantly, safe health-apps, is a significant challenge. While many have suggested that health-apps could be a ‘silver-bullet’, aimed at quashing the woes that stem from decreasing funding and increasing demand for incumbent NHS services, it is important to tread with caution. Unlike pharmaceuticals, over the counter remedies, talking therapies, physiotherapy or surgery, health-apps can not only be sought, but readily obtained in absence of gatekeeping and safeguarding. The result is that you or I can download upwards of 200,000 health-apps today, with as little as a click of a button on the app-store. While this can be argued as the unique value-proposition of app-based health technologies, a lack of guarantees regarding the quality and content of such apps, means that this open-access feature of apps also represents the chief concern; and is likely limiting the enthusiasm with which healthcare professionals engage and promote their use.
In a properly functioning brain, both hemispheres communicate equally and at lightning speed, millions of times per minute. In a poorly functioning brain, the left and right sides of the brain only impart partial information, causing frequent miscommunication. This is called Functional Disconnection and is the root of many types of learning, behavioral and social problems found in children. The Brain Balance program puts the left and right brains back in sync using sensory motor exercises, academic skill building, and nutrition guidelines. The assessment consists of sensory, motor, and academic testing of more than 900 functions. The outcome of this assessment is a highly customized report providing parents with a complete understanding of their child’s behavioral, social, and academic skill levels. We use AI to determine which brain hemisphere we believe to be stronger or weaker. The Machine Learning algorithm used for the assessment is not always accurate, which we know based on the feedback from our staff—yes we let them disagree with the system, which is intended as a tool to help them support their own assessment, but not to necessarily force them into a decision they don’t agree with.