PatientSafe Solutions' PatientTouch for iPod touch
Health Evolution Partners, the healthcare investment firm started by former US National Health Information Technology Coordinator Dr. David Brailer, has partnered with Verizon to identify and work with promising mobile health, telemedicine, and health data management companies. Health Evolution Partners (HEP) has indirectly invested in a number of mobile health and connected health companies that provide real-time location services for healthcare facilities, mobile-enabled medication management workflow platforms, smartphone-based e-prescribing services, tablet-enabled remote patient visits -- just to name a few.
Microsoft's former Corporate Vice President of Health Solutions, Peter Neupert, joined Brailer at HEP just two weeks ago.
HEP's multiyear agreement with Verizon Connected Healthcare Solutions, which is Verizon's health IT practice group, will leverage the deep healthcare insight offered by HEP's team as well as Verizon's "platform-based health IT portfolio of mobility, cloud and IT offerings," according to the companies.
"The next generation of health IT will not be anchored to a desk," stated Brailer. "Clinicians and patients will expect technologies that support mobility and virtual care. Advanced broadband, video-based technologies and wireless devices that incorporate geo-location capabilities and sensors will change the landscape of health care from development to delivery. Our relationship with Verizon demonstrates the importance of bringing these innovations to market."
The current National Coordinator for Health Information Technology (ONC), Dr. Farzad Mostashari, seems to agree with Brailer's assessment that health IT is going mobile. Mostashari recently assembled a list of top trends for the year ahead and mobile health was one of them.
HEP has two funds -- its Growth fund, which makes direct investments in healthcare startups, and its Spectrum fund, which invests through partner venture capital firms. Some of the companies that HEP has helped fund through partners include: Awarepoint, PatientSafe Solutions, Prematics, SmartPill, TelaDoc, and more.
More on the Verizon partnership in the press release below:
NEW YORK and SAN FRANCISCO, Feb. 6, 2012 -- Health Evolution Partners and Verizon Enterprise Solutions have established a strategic relationship to encourage innovation and adoption of connected health information technologies that help drive patient care improvements and better manage costs.
Under a new multiyear agreement announced Monday (Feb. 6), Health Evolution Partners (HEP), a health care buyout firm, and Verizon Connected Healthcare Solutions, the company's health IT practice group, will collaborate to identify and work with companies to spur the development and adoption of advanced IT solutions and applications in areas such as mobile health, telemedicine and health data management to help transform health care delivery in the U.S.
Demand for connected health technologies is expected to grow rapidly as the industry seeks to better manage costs and improve patient care by facilitating real-time care coordination, increasing patient engagement and enabling information portability. The firms will leverage HEP's unique health care insight and Verizon's platform-based health IT portfolio of mobility, cloud and IT offerings to accelerate transformative change by providing innovators with the ability to develop and scale connected health IT solutions and applications.
"The next generation of health IT will not be anchored to a desk," said Dr. David J. Brailer, chairman of Health Evolution Partners. "Clinicians and patients will expect technologies that support mobility and virtual care. Advanced broadband, video-based technologies and wireless devices that incorporate geo-location capabilities and sensors will change the landscape of health care from development to delivery. Our relationship with Verizon demonstrates the importance of bringing these innovations to market."
Dr. Peter Tippett, vice president and chief medical officer, Verizon Connected Healthcare Solutions, said: "Strong collaboration across the health care ecosystem is essential to enabling health IT transformation. Verizon is committed to building strategic relationships to help spur the adoption of connected health technologies. Health Evolution Partners stands out because of the firm's deep understanding of the health care industry and its proven ability to invest in innovative companies that are poised to play important roles in the future of health care."
Executives from HEP and Verizon Enterprise Solutions will discuss market opportunities in connected health during a session on mobility at this year's HEP Leadership Summit, an annual gathering of 350 world-class health care CEOs, innovators, investors, policy makers and thought leaders, to be held April 25-27 at the Ritz-Carlton, Laguna Niguel, Calif.
About Health Evolution Partners
Health Evolution Partners buys and operates rapidly growing companies that are commercial leaders in the health care industry. We invest around the globe and across the health economy, including services, information technology and life sciences. We form close working partnerships with outstanding management teams and connect our companies to our network of CEOs, policy makers and thought leaders. For more information on Health Evolution Partners, visit www.healthevolutionpartners.com .
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with nearly 109 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 194,000. For more information, visit www.verizon.com .
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