Although Connected Health is undeniably the solution for reducing healthcare costs, changing the system remains very challenging in the US, as with the rest of the world. Such was the findings of the October 18th techmeeting panel, which was composed of two international companies: Philips and IBM, an expert lawyer and a Tufts Health Ventures representative.
It is not always easy to reconcile the different stakeholders of the American healthcare system from the FDA to hospital decision makers, doctors, and healthcare companies. In order to successfully launch an innovation, one must have a clear strategy for navigating the system. Because of these challenges, important problems such as following-up on clients with chronic diseases remain unresolved.
It is of general agreement that work must be done to reduce the costs of the healthcare system in the US. The American healthcare system is the most expensive in the world, and many initiatives have been put in place to facilitate innovation in this sector.
The panelists shared what they considered key success factors for startups in this domain:
This was followed by pitches from seven startups, including two SYSTEMATIC members who presented their innovative solution:
The 60 attendees composed of Open Innovation Club members such as Air Liquide and Saint Gobain, as well as Netva winners were then given the chance to exchange with panelists and startups.
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