Health insurers need to make a change fast, according to a new report from investment firm the Psilos Group. The group's 2014 Healthcare Outlook report contends that the shift in insurers' customer base from mostly employers to mostly individuals, spurred by the Affordable Care Act, will lead to a major shift in how the insurance market works.
“The health insurance industry’s 50-year legacy as a...
Steve Krupa, Managing Member, Psilos
"We are about to have a significant flip in the competitive dynamics of healthcare," Steve Krupa, managing member and Chief Operating Officer, of healthcare investment firm Psilos told MobiHealthNews in a recent interview. "It’s going to be quite severe and shocking across the board for the big and small players delivering health insurance, providers, and...
DreamIt Health's Elliot Menschik
It's not uncommon for startups to fail, but DreamIt Health's Managing Director Elliot Menschik and Psilos Group cofounder Lisa Suennen have noticed that some failures are more common than others. Specifically, the two investors said a poorly set up team or a startup that isn't willing to change with technology leads to problems later on.
While Menschik focuses...
The University of Southern California's Center for Body Computing is the latest to set up an incubator/accelerator for wireless and digital health startup businesses.
CBC Founder and Executive Director Dr. Leslie Saxon dropped this news Friday morning as she opened the center's sixth annual Body Computing Conference on the USC campus in Los Angeles.
Plans are still in the early stages, and the...
"The entrepreneurs in the mHealth space tend to be young and often new to healthcare, though of course there are the exceptions-those few old-timers who remember the days before iPhones were issued upon one’s birth," Lisa Suennen, a founding partner at investment firm Psilos Group, wrote last week in a widely syndicated (must-read) column about her experiences at the mHealth Summit. "The young...
