Technology execs should think like venture capitalists

New trend in venture capitalist investments. – Kaiser and Washington Post did this article.

This article is meant to challenge technology executives in healthcare to act like venture capitalists and focus on strategic initiatives that will increase efficiency and productivity.  

1.     Overall venture investing declined by nearly one-third as the economic recession set in.

2.       Venture capitalists are still looking for strong companies in all sectors – drugs, devices, and services – but, cost concerns and other factors have led to changes in demand. Investors are wagering customers will pay attention to the promise of lower costs.

3.       Venture capitalists are increasingly interested in nuts-and-bolts businesses like data mining and grassroots care management.

4.       Investments are happing in many grass root hospital operations

a.       Technology in Infections prevention

b.      Software based Billing efficiency

c.       In room televisions to walk patients through doctor’s orders

d.      RFID for inventory and staff management

e.      Home health to prevent “readmissions”

This article summarizes the importance of technology in cutting costs and improving efficiency.


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