Leading healthcare providers are always looking for new ways to help their patients and bend the cost curve. New technology companies are always looking for early adopters to try their products. You’d think it’d be easier to match them up, but if you’ve been on either side of that equation then you know how hard it actually is. On this episode Vice President of Innovation at UCHealth, Julie Reisetter takes us through how her team finds the right partnerships for her health system. We also hear from existing UCHealth partners Borna Safabakhsh, CEO of AgileMD and Cole Sandau, CCO of Health Scholars on what it was like to partner with a health system.
Julie Reisetter – VP of innovation at UC Health
0:00 Introduction to UCHealth
2:00 Origins of UCHealth and big problems they were trying to solve: Wayfinder into hospital, EMR user experience, VR for training
5:58 Running an innovative company
8:10 How UCHealth finds digital partners
10:30 Goals and milestones for partnerships with tech companies
Borna Safabakhsh – CEO of AgileMD
14:00 Introduction to AgileMD. What is a Clinical Decision Support engine?
15:25 How does CDS integrate into your EMR system?
16:45 Roadmap to partnering with UC Health
18:55 Important differences between early customers for a Health Care IT company
20:21 Quality control for CDS and feedback loops to customize algorithms
22:22 What medium to large companies can gain from managing practice variation
Cole Sandau, Chief Commercial Officer at Health Scholars
23:55 Introduction to Health Scholars. Clinical education and medical simulation: a true blended learning experience in virtual reality.
25:23 What kinds of simulations can doctors use to practice in? Fire in the OR!
28:10 The study published on this scenario had 250% improvement after VR training.
28:40 The ROI of simulating a “Never Event”.
32:28 The visceral experience of a VR. A richer education you’ll never get from a textbook.
35:00 Why abstract concepts and non-repeatable events are best explained in VR.
37:40 How did you partner with UC Health?
39:35 Goals for partnerships and what the future holds.
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About our Guests
Julie Reisetter – VP of Innovation at UCHealth
In 2016, Julie was selected as the University of Colorado Health’s first Vice President for Innovation where she oversees the activities of UCHealth’s CARE (Care Advancement through Research and Entrepreneurship) Innovation Center.
The CARE Innovation Center at UCHealth offers a comprehensive suite of resources and services designed to revolutionize healthcare with leading industry and startup partners. By combining the intellectual assets of the University of Colorado faculty and the clinical laboratory at UCHealth, the CARE Innovation Center is focused on developing, testing, implementing, and spinning out the next generation of digital technology and decision support science. The CARE Innovation Center team includes physician informaticists, engineers and data scientists working with clinicians who have unparalleled expertise in clinical care delivery, process improvement, implementation science, clinical informatics, and predictive analytics. A world-class team at the forefront of improving the way healthcare is being delivered.
Prior to joining UCHealth, Julie served as Banner Health’s first Chief Nursing Officer, Telehealth Services, within the Innovation division. In addition, she’s had the opportunity to speak widely on a national level, including ACHE, HMA Executive Forum, NAHC, HealthLeaders Media and HIMSS and has served in a variety of advisory positions, including the AAMI Foundation National Coalition for Alarm Management and the National Coalition to Promote the Safe Use of Complex Healthcare Technology.
Borna Safabakhsh – CEO of Agile MD
Borna Safabakhsh is a software engineer and healthcare entrepreneur in Silicon Valley, and the cofounder and CEO of AgileMD, a digital health startup reinventing how physicians interact with clinical data and tools at the bedside. AgileMD’s clinical tools are used at over 300 hospitals by 50,000 healthcare providers to deliver high-quality care. While getting his MBA from Chicago Booth, Safabakhsh was recognized as “Most Promising Entrepreneur” by the University of Chicago and “50 for the Future” by the Illinois Technology Foundation. [Source: https://research.chicagobooth.edu/home/magazine/winter-2016/conversations/in-good-health]
Cole Sandau, Chief Commercial Officer at Health Scholars
Cole Sandau recognized the need to advance immersive education and clinical training effectiveness. As Chief Commercial Officer, Cole is furthering Health Scholars’ vision is to develop the industry’s most effective and comprehensive enterprise platform to manage and orchestrate clinical education, disseminate best practices and enable cross-disciplinary collaboration – ensuring customers can deliver the very best patient care.
As the founder of Optera, Cole is the managing director, providing direction and vision to the company. Cole has extensive experience in market strategy and customer insight, including 20 years of practical, hands-on experience in developing and executing core marketing and sales programs.
Cole is a recognized industry leader in the design and execution of integrated marketing, value selling and go-to-market programs. He has pioneered the use of customer experience models as a business management framework and adapting experience models to multi-tier distribution models. Prior to founding the Optera Group in 2005, Cole played key market strategy and development roles within leading technology companies, including StorageTek, Sun Microsystems, Qwest Communications and SpectraLink.
Cole has degrees from the School of Management at Purdue University and attended the executive program at the University of Chicago Graduate School of Business.
About Guest Companies
UCHealth is a nationally recognized, nonprofit network of 10 acute care hospitals and more than 150 clinics throughout Colorado, southern Wyoming and western Nebraska. With University of Colorado Hospital as its academic anchor, UCHealth is uniquely able to provide advanced treatments and innovative clinical trials, ensuring excellent care and outcomes for more than 1.4 million unique patients each year. UCHealth’s mission is to improve the lives of people in Colorado and beyond, and in fiscal year 2017, UCHealth spent $647 million on financial assistance, subsidized care and other areas to directly benefit patients and the communities it serves.
U.S. News & World Report has named University of Colorado Hospital to its Best Hospitals Honor Roll, a list of the top 20 facilities among almost 5,000 hospitals across the nation. The American Nurses Credentialing Center has awarded Poudre Valley Hospital, Medical Center of the Rockies and University of Colorado Hospital with multiple Magnet designations, representing the highest quality nursing. With a constant focus on quality and safety, including minimizing patient falls, hospital acquired infections, readmissions and other risks, UCHealth hospitals rank among the top 10 percent of facilities nationwide according to Vizient (previously called University HealthSystem Consortium).
The UCHealth Medical Group directly employs about 700 providers, and our partners at the University of Colorado School of Medicine employ an additional 2,800 providers. Thousands more physicians and advanced practice providers are affiliated with UCHealth and have privileges to practice at our community hospitals.
At AgileMD, we are building the most advanced real-time predictive analytics and clinical algorithms platform for hospitals. Our cloud-based engine supports and empowers the medical decisions of thousands of physicians across hospitals and clinics around the country, so that every patient receives the highest quality and value of care based on the latest medical knowledge and data.
AgileMD is headquartered in San Francisco, California.
We are backed by Y-Combinator and Rock Health. AgileMD is funded with seed capital, awards earned by winning the Chicago Booth New Venture Challenge and the Chicago Biotech Consortium Competition, as well as strong revenue from our hospital customers.
Health Scholars was created in 2017, spun out of OSF Healthcare and their mission to bring healthcare led innovations to market. Health Scholars is headquartered in Denver, Colorado and has clinical and support operations embedded in the world-class Jump Trading Simulation and Education Center on the OSF Campus in Peoria, Illinois.
Health Scholars was founded by healthcare professionals who recognized the need to advance immersive education and clinical training effectiveness. Health Scholars’ vision is to develop the industry’s most effective and comprehensive enterprise platform to manage and orchestrate clinical education, disseminate best practices and enable cross-disciplinary collaboration – ensuring our customers can deliver the very best patient care.
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