Tag Archives: medical device investing

Singing a New Tune: Redefining Innovation in the Medical Device World

Posted on November 6, 2012 by
music-clipartMUSIC1

This piece also appeared on November 6, 2012 in PE Hub.

In the world of medical devices, innovation has traditionally been defined as the invention of a new device or a new technology that can be packaged into a device, expanding the number of possible medical procedures or at least replacing old ones with those that are new, improved and lemon-scented.  For the past several decades, a parade of medical device entrepreneurs has led a drumbeat of new product development, accompanied by a chorus of venture capitalists saying, “Hey look, a new thingamajig! You’re playing my song!”

In today’s healthcare economy, those same entrepreneurs and venture capitalists are spending far more time facing the music than dancing to it.  We have reached the point where those that pay for healthcare are more than willing to turn down the volume on innovation that does anything other than reduce medical procedures and costs.  The medical device industry has felt the repercussions of this changing tune in a big way.

Last week I attended my 2nd and the Cleveland Clinic’s 10th Annual Innovation Summit and it was very interesting to … (read the rest)

Posted in Healthcare, Healthcare Venture Capital, Innovation, Medical Devices, Medical Marketing and MediA, Uncategorized | Tagged , , , , , , , , , , , , , | 5 Comments

Hey, Where Is Everybody Going?

Posted on November 13, 2011 by
lightswitch

If you are simply reading the paper or engaging in any random cocktail party conversation these days, it doesn’t take long before you are reading or talking about healthcare.  Health and healthcare issues have been a dominant topic in the national media since the 2008 Presidential election and have been constantly in the news as the Patient Protection and Affordable Care Act (PPACA) has taken center stage.  Even if PPACA weren’t always in the headlines, stories about employers who are grasping for solutions to their healthcare cost crises would still be.

Given the massive amount of change currently underway in the U.S. healthcare economy that has resulted from PPACA, the earlier healthcare IT stimulus legislation (ARRA) and the acts of employers saying that they’re mad as hell and not going to take it anymore, we have bona fide industry upheaval on our hands.  And where there is upheaval, there is opportunity.  Today more than ever there is a tremendous opportunity to find new ways of doing business in the world of healthcare through changing delivery systems, insurance models, technology solutions, drug discovery, device innovation and just about everything else that … (read the rest)

Posted in General Business Issues, Healthcare Reform, Healthcare Venture Capital, Innovation, Private Equity, Uncategorized, Venture Capital | Tagged , , , , , , , , , , , , , | 14 Comments