Jenny Ng, Schwartz Communications, posted terrific detailed summaries of Health Tech 2011. Her first post focuses on Keynotes Regina Herzlinger and Jay Parkinson. Here’s the start of her first blog with a link to the full post below:
More than 150 entrepreneurs, investors and industry leaders attended the first annual Health Tech 2011 conference in Boston last Friday, May 13. Sponsored by CareInnovators and chaired by Charles Huang from Spark Capital, the all-day event explored how new technologies have a huge opportunity to re-engineer how healthcare is delivered—lowering cost, improving access and increasing quality. Bottom line: the rapidly rising cost of healthcare is a global crisis and there is no clear end in sight. Total U.S. healthcare expenditure represents more than 17 percent of GDP and is projected to reach 9.3 percent by 2019. Innovation is our only hope if we are to tackle the many challenges that threaten to bankrupt even the most industrialized of nations.
Amidst the U.S. healthcare crisis, however, there are a confluence of factors that create a ripe environment for health tech investment and entrepreneurial success. According to Chris Tsai, co-founder of CareInnovators, the healthcare industry is—today, more than ever—open to technological advances. The government injection of HITECH stimulus funds has opened that door and there is no turning back. Consumers are increasingly seeking out health information online and there are a greater number of delivery platforms (mobile, tablet). From the investor point of view, consumer-facing health tech offers lower capital requirements, fewer regulatory hurdles and faster exits.
Click below for Jenny’s full post.