Ryan Hess, Founder - Delivering on the Promise of Medical Records

Angel Invest Boston

Sponsored by:

• Purdue University Entrepreneurship
• Peter Fasse, Patent Attorney at Fish & Richardson

Medical records are way less informative to doctors than patients imagine. Electronic health records (EHRs) have failed to deliver on their promise to improve health care for forty years. Ryan Hess, founder of Connective Health, means to change that. I invited digital health founder Martín Aboitiz to co-host this valuable interview with me.

Highlights:

• Sal Daher Introduces Co-Host Martín Aboitiz & Guest Ryan Hess, Founder of Connective Health
• Connective Health Aims to Deliver to Primary Care Physicians What Electronic Health Records Have Promised for Forty Years
• Ryan Hess Tells Us About What Surescripts Does
• Martín Aboitiz Introduces His Startup, Healthjump
• The Pillars on Which Ryan Hess’ Work Rests
• Connective Health Seeks to Provide the Primary Care Physician with a Complete Picture of Where the Patient Has Been and What Care Has Been Received
• “Even the basic information is helpful with behavioral health patients, because those are the ones that typically have been to multiple locations and the patient may not remember every place that they've been to...”
• The Potential Uses for Healthjump’s Data Lake of 80 Million Patient Records
• Healthjump Is Focused on Discovering Things About Patients in the Aggregate; Connective Health Works to Provide Such Useful Information When It Applies to an Individual Patient Being Seen by a Physician
• The Information has to Be in the Doctors Workflow & Has to Be Timely and Relevant
• “How do we get them to trust it?”
• “What protects you as a startup from just being blown up because somehow your algorithm missed something?"
• The Role of Independent Review Boards
• How Not to Do It: Practice Fusion Being Paid by Purdue Pharma to Recommend Oxycodone for Back Pain
• Healthjump Makes Money by Solving Interoperability Problems Between Electronic Health Record Systems
• Connective Health Aims to Get Paid for Lowering the Cost to Payors of Providing Care to Behavioral Health Patients
• How Much Volume Connective Health Needs to Break Even
• Regulatory and Legal Changes that May Help Connective Health
• Martín Aboitiz Believes Industry Over-Estimates the Technological Difficulties of Sharing Data
• Ryan Hess Points to Basic Difficulties Such as Identifying a Patient Across EHRs
• Institutional Investors Have a Hard Time Understanding Digital Health Due to Dizzying Number of Moving Parts
• “If there's been some really very impressive exits for companies in certain areas, all of a sudden, the limited partners are all excited about companies in this space, and venture capitalists are going to be raising funds to invest in companies in this particular space...”
• Virtual Health Is a Lot Easier to Understand than EHR-Based Digital Health
• Ryan Hess Is Targeting Behavioral Health Because Payors See It Driving One Third of their Total Spend

Topics: software, product, fundraising