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9 Sectors of Healthcare IT Investment

Posted on July 29, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Much of what we talk about here is new investments and new companies in healthcare IT. Much of the future of healthcare is built around these investments. SoCal HIMSS recently shared a great image that broke out the healthcare IT investment environment into 9 sectors:

Here are the 9 healthcare IT investment sectors mentioned:

  • ACO Tools
  • ACO-Oriented RCM
  • Employer Wellness
  • Benefits Management
  • Health Consumers
  • Patient Engagement
  • Big Data
  • PM & EMR
  • Remote Care

I always love seeing healthcare IT opportunities broken down into sectors like this. No doubt, we could all think of a company we could start in pretty much every sector. Although, certainly some are more saturated than others (see PM & EMR for example).

Are there any other sectors of healthcare IT investment that you don’t think are included in the sectors listed above?

Why VCs Don’t Invest in Healthcare IT

Posted on May 15, 2013 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

The always vocal Jonathan Bush has a great article in Techonomy that talks about why many venture capitalists (VCs) have stayed away from healthcare IT investments. He provides a lot of food for thought for entrepreneurs looking at health IT.

Here’s the 3 reasons he gives for investor insecurity with healthcare IT investments:
1. Healthcare consumers don’t shop
2. The biggest buyer stifles innovations
3. Service, quality and competitive pricing aren’t rewarded.

Here are his 3 solutions:
1. Do good and do well
2. Get noticed
3. Serve the market that has a lot of buyers!

I really like his 3 challenges. I’m not sure his solutions are enough, but I’m glad he’s really cranking up the conversation on what it takes to be an entrepreneur in healthcare IT.

Customized EHR Content, 6 Week EMR Implementation, Redundant Charting, and Increased HIT Investment

Posted on August 7, 2011 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Great counsel and advice for those still looking at various EHR software (especially specialists)
@EMRAnswers
Linda Lia
Customizable content “offered”, doesn’t mean your specialty is available. Big difference. Ask for a “live” demo. #EMR #HITsm #healthIT

EMR implementation in 6 weeks. Hospital EMR people will balk at this. However, it’s possible in the ambulatory setting. I wouldn’t recommend it, but one time I had to do it.
@PediatricInc
Brandon Betancourt
New Post – Going from paper charts to EMR in 6 weeks; a summary http://bit.ly/npmSEH #EMR

Everyone hates redundant work. So, this tweet caught my eye:
@TheNerdyNurse
The Nerdy Nurse
In Case You Missed it: : Teetering Between EMR and Paper Charting: Frustration and Duplication – What kind of nerdy… http://bit.ly/elw0yT
Here’s my response on the blog post:

Great article. The redundancy is killer!! We did a partial EMR implementation at first. Then, we ended up using the redundancy to push through the rest of the EMR implementation. So, while I hate redundancy as much as the next person, it was interesting how we could use redundancy in order to drive the adoption of EMR technology.

It seems the real issue you pose is who is required to do the redundant work. I suggest you have the person who needs to be most bought in to the EMR to do the redundant work.

I didn’t dig into the following research, but it’s interesting to note that they said a VC investment increase in HIT of 27%. If anything, that sounds low to me. Although, many of the HIT projects are likely still in the Angel investing stage as opposed to VC.
@starkehealth
Jomo Starke
VC investment in HIT increases 27% per research http://bit.ly/nCa3Hs #healthIT #HITsm via @Lumeris via @HITstrategy