Over 300 people packed the ballroom at the Mandarin Oriental Hotel in Boston at last week’s sold-out Digital Healthcare Innovation Summit. Healthegy, the producer of the summit and this podcast, will be releasing video highlights from the day.
In this week’s podcast, Breaking Health co-host Tom Salemi catches up with Summit Co-chairs Bill Geary and Robert Mittendorff, MD, MBA, immediately after the close of the day. The trio share their highlights from the event including lessons from former GE CEO Jeff Immelt and broader observations about the maturation of Digital Health.
Immelt absolutely crushed the opening pitch in an interview with DHIS co-chair Bill Geary. In this discussion, Immelt talked Uber, Cerner, Epic, Artificial Intelligence, and credited Sue Siegel for teaching GE how to do corporate venturing well.
He also shared guidance for young companies about building the right culture and following the right model. (“If I was going to study one company,” Immelt said, “it would be Salesforce.com.”)
We’ll have highlights from our East Coast versus West Coast VC battle. The audience was the clear winner in the debate between partners from NEA, KPCB (West Coast), Bessemer, and F-Prime (East Coast); a few body blows were landed, but all agreed excessive valuations will hurt everyone.
We’ll also be sharing some excerpts from a terrific conversation between Troyen Brennan, executive vice president and chief medical officer of CVS Health, and Lonny Reisman, founder and CEO of HealthReveal.
Whether or not you were able to attend the event, you’ll still be able to get the pulse of the room by reading the Digital Health Investment Survey conducted during the summit by Match Point Partners.
Robert Mittendorff, MD, MBA
Norwest Venture Partners
Robert Mittendorff brings to Norwest Venture Partners more than a decade of operational and medical experience. Based in Norwest’s Palo Alto office, Robert focuses on investing capital in venture and growth opportunities in the healthcare sector, including digital health and healthcare IT, technology enabled healthcare services, medical devices, diagnostics, and specialty pharma. He currently serves on the board of iCardiac, and is a board observer at Crossover Health, iRhythm, and Telcare, and was involved with the initial investments in Misfit Wearables and Health Catalyst. He has also been involved in Norwest’s follow-on investment in Basis (acquired by Intel). Robert was a previous board observer at Intersect ENT (Nasdaq: XENT).
Prior to Norwest, Robert was the Vice President of Marketing and Business Development at Hansen Medical Inc. (Nasdaq: HNSN). During his tenure, he launched multiple products, including the Magellan and Sensei X robotic systems, and was involved in leading products from concept to first commercial shipment. As a corporate officer, Robert also led the Company’s partnerships with GE, Siemens, Philips and St. Jude Medical and executed transactions totaling over $100M. He created the Scientific Advisory Board and participated in two public financings.
Prior to Hansen Medical, Robert worked in the device, pharmaceutical and biotech industries with experience at a number of companies, working in strategic, business development and marketing capacities.
Robert is also a board certified emergency physician who completed his residency training at Stanford. Robert received his M.D. from Harvard Medical School and his M.B.A. from Harvard Business School. He received his B.S. in biomedical engineering from Johns Hopkins University where he played on the soccer team. He has completed fellowships under the Howard Hughes Medical Institute (neuroscience), MIT Sloan School of Management, and Harvard Business School.
Cofounder & Partner
Flare Capital Partners
Bill is a Cofounder and Partner at Flare Capital Partners, a team of proven healthcare technology venture capital investors known for delivering unrivaled strategic industry resources, insight and a total commitment to the success of the entrepreneurs with whom we have the privilege of partnering. Current and prior investments include Aetion, Bright Health, Circulation, HealthReveal, Health Verity, Valence Health (Evolent Health), ClearDATA, Iora Health, Welltok, Humedica (Optum Analytics), Explorys (IBM), Connance, Rise Health (Best Doctors/Teladoc), Pharmetrics (IMS Health) and eBenX (ADP). Prior to cofounding Flare Capital Partners in 2013, Bill was with North Bridge Venture Partners since its inception in 1994. Bill served as the Chair of the Board of Trustees at Boston College, Chair of the Parents Advisory Board at Stanford University and Chair of the Parents Committee at Duke University. Additionally, Bill is on the Board of the MGH Institute of Health Professions, the Oversight Council of the Center for Health Information and Analysis and serves on the Advisory Council of the Department of Biomedical Informatics at Harvard Medical School.
Meet Our Host
Healthegy Contributing Host Stephen Krupa is CEO of Healthedge, a software company focused on providing next-generation, business-transforming technology products to the healthcare payor market.