Podcasts about providence ventures

This episode features Dave Kereiakes, Partner, Providence Ventures. Here, he discusses his background & current role, different challenges health systems are facing, the importance of leaders to be able to adapt & evolve, and more.

This episode features Dave Kereiakes, Partner, Providence Ventures. Here, he discusses his background & current role, different challenges health systems are facing, the importance of leaders to be able to adapt & evolve, and more.

In this episode, Scott Becker shares 12 notes & headlines on what is currently happening in the venture capital space of healthcare.A huge explosion in HC VC in 2020 and 2021. Both fundraising and investing.A significant slowdown in 2022 particularly the 2nd half of 2022.There are lots of funds that do a huge number of smaller investments. Funds like Rock Health, Arch Venture Partners, New Enterprise, 7Wire Ventures, Martin Ventures, Flare Capital, Costonoa and Khosla for example.There are also mega funds that tend to make much larger investments per deal. For example, funds like Sequoia, A16Z (Andreessen Horowitz) General Catalyst, Tiger Global, Kleiner Perkins, Norwest and more. Remiss to not mention rock star investment firms Frist Cressey and Thoma Bravo. Amazing what Bill Frist has accomplished. Bill Frist, M.D.There are an increasing number of partnerships between VC funds and health systems and payors. General Catalyst has really made great advances here. See also “Venture Capital firms are partnering with healthcare organizations to improve digital health” Forbes Sai Balasubramanian, M.D., J.D.There are also an increasing number of systems that have funded and self manage or outsource their only venture efforts. For example, Advocate Aurora Enterprises led by Scott Powder. Providence Ventures formerly led by Aaron Martin and a ton more. Kaiser Ventures et Al.Earlier Series A rounds (and seed rounds) tend to be much smaller than larger rounds.VC investing generally is more binary than PE investing. Pre Ebitda vs Post Ebitda investing. VC studies show that an overwhelming majority of profits come from 10 to 20% of investing and more than 50% of investments barely return the invested capital. Generally the earlier stage the higher risk.Healthcare venture can include several different sectors- digital health, provider health, biotech, pharma, diagnostics and devices.See Modern Healthcare opinion piece by Eric Epstein and Douglas French "Healthcare Venture Capital Potentially Peaked-Now What".See also WSJ " Digital Health Venture Funding Pulls Back From Last year".Also see Kaiser Health News "Mission and money clash in non profit hospitals' venture capital ambitions." Kaiser Health News.

In this episode, our host Giovanni Lauricella and our guest David Kereiakes discuss hospital venture groups, being resilient, differences between traditional VCs and hospital venture groups, voice of customer at a hospital venture group, type of fund, stage of companies they invest in and so much more. David Kereiakes LinkedIn Providence Ventures Website Project Medtech Website Giovanni Lauricella LinkedIn Project Medtech LinkedIn

Meet Nina Tandon, Ph.D.:Nina Tandon, Ph.D. is the CEO and co-founder of EpiBone. She is a TED Senior Fellow, Adjunct Professor of Electrical Engineering at the Cooper Union, and a former Staff Associate Postdoctoral Researcher in the Laboratory for Stem Cells and Tissue Engineering at Columbia University. Dr. Tandon is also the co-author of “Super Cells: Building with Biology.” She received a Master's in Electrical Engineering from MIT, and a Ph.D. in Biomedical Engineering and an MBA from Columbia University.Key Insights:Nina Tandon, Ph.D. realized that the technologies running our bodies are a lot like the wires and hard drives that we build with our hands. Nina works in the technology between cells and circuits.Alternative Funding. EpiBone was incubated in Academia. Initial funding for research came from a translation grant. Grants are a good option for academic entrepreneurs like Dr. Tandon, because writing grant proposals is familiar, the rigorous peer review serves as due diligence, and the grant funding de-risks the investment. (8:03)EpiBone Explained. EpiBone technology utilizes a patient's own stem cells to grow bone or cartilage into the shape and structure that patient needs. EpiBone has started with facial bones, but sees a future with orthopedic applications. (11:52)Entrepreneurship is like the Olympics. All Olympians should have coaches, and CEOs are no different. What is demanded of Dr. Tandon is constantly changing. Coaching helps her understand her weaknesses, manage stress, and realize problems before they magnify. (23:47)This episode is hosted by Aaron Martin. He is a member of the Advisory Council for Day Zero and is Executive Vice President and Chief Digital Officer at Providence, and Managing General Partner of Providence Ventures. Relevant Links:Learn more about EpiBoneRead “Why Every Life Science CEO Needs a Leadership Coach” by Nina TandonWatch “Personalized Surgery: Growing Your Own Bone” by Slice of MIT

This episode's Community Champion Sponsor is Catalyst. To virtually tour Catalyst and claim your space on campus, or host an upcoming event: https://www.catalysthealthtech.com/ (CLICK HERE) --- With over twenty-five years of founding startups and leading global product and innovation initiatives, our next guest is leveraging his passions and skillset to help our healthcare industry rapidly and sustainably create, adopt, and implement healthcare innovation at scale.  Aaron Martin, Executive Vice President and Chief Digital and Innovation Officer at Providence, joins us to discuss how he and his team are building a world-class digital innovation hub to identify unmet needs and drive solutions designed to improve health at the community level. Additionally, Aaron shares how his previous professional pursuits set the stage for him to help lead a national movement of industry professionals prioritizing healthcare innovation that improves convenience, lowers costs, and improves quality.  Join us for this timely conversation to learn why and how Aaron and his team invest in its communities and health innovation leaders to create lasting change across the healthcare industry and our nation. Let's go! Episode Highlights: Aaron's professional career leading up to Providence and the value he brings to the organization as someone from outside of healthcare. Providence Venture's process of focusing on innovation and commercial partnership within the greater healthcare ecosystem. The three big opportunities health systems can take in solving some of the industry's biggest problems. About Our Guest:  Aaron Martin is the Executive Vice President and Chief Digital and Innovation Officer for Providence where he leads Digital, Marketing, and Ventures for Providence. Aaron is also Managing General Partner for Providence Ventures where he is responsible for early stage/venture technology and device investments for the $300M Providence Venture fund. Aaron has more than 25 years of experience in product, ventures, and technology, including leadership of the Amazon teams that transitioned traditional publishing from physical books to Kindle. He has experience as an executive/founder at two venture-backed startups and has held strategy positions at McKinsey & Company. He currently serves on the board of Wildflower Health, Avia, Xealth, and Kyruus. He is also a board member of Presbyterian Healthcare Services in New Mexico. Aaron holds a BS in Economics and Music from Austin College and an MBA in finance and healthcare management from The Wharton School. Links Supporting This Episode: Providence website: https://www.providence.org/ (CLICK HERE) Aaron Martin LinkedIn page: https://www.linkedin.com/in/aaronmartinfc/ (CLICK HERE) Aaron Martin Twitter page: https://twitter.com/aaronmartinfc (CLICK HERE) Clubhouse handle: @mikebiselli Mike Biselli LinkedIn page: https://www.linkedin.com/in/mikebiselli (CLICK HERE) Mike Biselli Twitter page: https://twitter.com/mikebiselli (CLICK HERE) Visit our website: https://www.passionatepioneers.com/ (CLICK HERE) Subscribe to newsletter: https://forms.gle/PLdcj7ujAGEtunsj6 (CLICK HERE) Guest nomination form: https://docs.google.com/forms/d/e/1FAIpQLScqk_H_a79gCRsBLynkGp7JbdtFRWynTvPVV9ntOdEpExjQIQ/viewform (CLICK HERE)

Aaron Martin shares his experience launching digital platforms that help manage patient care. Aaron Martin serves as executive vice president, chief digital officer at Providence and is managing general partner of Providence Ventures. This episode is part of the Health IT series by the AMA-MSS Committee on Health Information Technology, hosted by Skyler Burke, medical student at the Washington State University College of Medicine.

Meet Mike McSherry:Mike McSherry is the CEO of Xealth, a platform that facilitates clinicians prescribing digital health tools to patients, tracking usage, and improving digital health recommendations. Previously, Mike was an entrepreneur in Residence at Providence. He has cofounded six startups including Boost Mobile, Swipe, and Zivo Internet Services. He received a B.A. in Economics and International Business from William and Mary.Key Insights:Mike McSherry has been an entrepreneur for 25 years. His experience is primarily with mobile and technology, but he moved into healthcare for his most recent project, Xealth. Know Your Audience. Founders in healthcare need to consider who is the customer. Is it health insurance, health systems, employers, pharmaceutical companies, consumers? While healthcare accounts for 18% of the U.S. GDP, when broken down by payer, healthcare is not a $1   trillion-dollar industry, rather it's one thousand billion-dollar industries. (5:00)Advancing Healthcare Technology.  Healthcare innovation is extra challenging because healthcare often lags in adopting new technology. A hospital may have cutting edge MRIs, and yet also use fax machines. This is due to a combination of bureaucracy, reimbursement structures, and a reticence by staff to adopt new technology. (16:25)What's Next for Xealth? Xealth will continue to expand the number of health systems they work with, and increase the number of digital tools available for prescription. Xealth is looking to be the bridge between healthcare and social determinants of health. (23:42)This episode is hosted by Aaron Martin. He is a member of the Day Zero Advisory Council and he is EVP and Chief Digital Officer of Providence and Managing General Partner of Providence Ventures.Relevant Links:Learn more about XealthRead “Xealth CEO Mike McSherry on Becoming ‘the Surescripts for Digital Health” 

This episode features Aaron Martin, Chief Digital and Innovation Officer at Providence & Managing General Partner at Providence Ventures. Here, he joined the podcast to talk about digital health trends, startus and the most important problems tech can solve in the coming years.

This episode features Aaron Martin, Chief Digital and Innovation Officer at Providence & Managing General Partner at Providence Ventures. Here, he joined the podcast to talk about digital health trends, startus and the most important problems tech can solve in the coming years.

This episode features Aaron Martin, Chief Digital and Innovation Officer at Providence & Managing General Partner at Providence Ventures. Here, he joined the podcast to talk about digital health trends, startus and the most important problems tech can solve in the coming years.

In this episode, we get to know Day Zero advisory council member Aaron Martin. Aaron serves as EVP, Chief Digital Officer, Providence; Managing General Partner, Providence Ventures. He is interviewed by fellow Day Zero advisory council member Nathan Bays.

In This Episode:We are excited to announce that Think Medium is launching a new show: Day Zero. Day Zero is dedicated sharing the stories of founders, and learning about their journey, leadership, and impact. In honor of our new show, we compiled advice from three founder who we have previously interviewed. It is a sample of what you will hear on Day Zero. Key Insights:Solve a Needed Problem. Todd Cozzens, Founder and Managing Partner of Transformation Capital, encourages founders to seek different perspectives to inform innovation. (3:13)Seek Truth. Aaron Martin is the Executive Vice President and Chief Digital Officer of Providence, and Managing General Partner, Providence Ventures. Aaron advises new CEOs to focus on the truth, and be fact-based. (4:17)Vision for Change. Lynne Chou O'Keefe, Founder and Managing Partner of Define Ventures, describes the all-encompassing passion founders feel (5:18)

This episode features Aaron Martin, Executive Vice President, Chief Digital Officer, Providence St. Joseph's Health (PSJH), and Managing General Partner, Providence Ventures. Here, he discusses his career journey, his work at Providence Ventures, and more.

In this episode, we sit down with Aaron Martin, the Executive Vice President, Chief Digital Officer, and a Providence and Managing General Partner of Providence Ventures. The conversation explores the relationship between passion and vocation, characteristics of a leader, digital healthcare, and more.

In the sixteenth episode of our Funding the Future of Healthcare podcast series, we were joined by Nick Culbertson, who is the CEO of Protenus, and Jeff Stolte, who is a Sr. Partner at Providence Ventures. In this episode, our host Pat McKay spoke with Nick to learn more about his unique background as a Green Beret, and how he pivoted his career path towards digital health. We also took a chance to elaborate on Protenus, and how the startup is using artificial intelligence to reduce risk for health systems across the country. Nick unpacked how his company's AI technology ensures systems deliver top-level care, patient privacy, and secure documentation of patient records. Jeff also took a moment to explain why Providence Ventures was interested in working with Protenus, and how its solutions will help Providence, and other health systems future-proof infrastructures, by enhancing the system's compliance monitoring capabilities, all while eliminating overhead costs.

In the fifteenth episode of our Funding the Future of Healthcare podcast series, we were joined by Virgil Bretz, who is the CEO of MacroHealth, and Dave Kereiakes, who is a Partner at Providence Ventures. In this episode, our host Pat McKay spoke with Virgil to learn more about his background and career path in healthcare. We also took a chance to elaborate on MacroHealth, and how the healthcare fintech company is leveraging digital technology to focus on the financial side of healthcare, by helping its clients understand and navigate the often complex world of healthcare pricing. MacroHealth's technology enables their team to provide support for health plans, provider-sponsored health plans, and medical provider networks to assist in optimizing the buying and selling of healthcare, but more importantly, to optimize transactions at scale.

In the fifteenth episode of our Funding the Future of Healthcare podcast series, we were joined by Virgil Bretz, who is the CEO of MacroHealth, and Dave Kereiakes, who is a Partner at Providence Ventures. In this episode, our host Pat McKay spoke with Virgil to learn more about his background and career path in healthcare. We also took a chance to elaborate on MacroHealth, and how the healthcare fintech company is leveraging digital technology to focus on the financial side of healthcare, by helping its clients understand and navigate the often complex world of healthcare pricing. MacroHealth’s technology enables their team to provide support for health plans, provider-sponsored health plans, and medical provider networks to assist in optimizing the buying and selling of healthcare, but more importantly, to optimize transactions at scale.

In the Fourteenth episode of our Funding the Future of Healthcare podcast series, we were joined by Graham Gardner, who is the CEO of Kyruus, and Aaron Martin, who is the Managing Director at Providence Ventures, and Chief Digital Officer of Providence's Digital Innovation Group.

In the Fourteenth episode of our Funding the Future of Healthcare podcast series, we were joined by Graham Gardner, who is the CEO of Kyruus, and Aaron Martin, who is the Managing Director at Providence Ventures, and Chief Digital Officer of Providence’s Digital Innovation Group. In this episode, our host Pat McKay spoke with Graham to learn more about his background and career path in healthcare. We also took a chance to elaborate on Kyruus, and how it’s helping expand access for health systems to connect with patients. We also discussed how Graham and his team at Kyruus had to make pivots during the onset of the COVID-19 pandemic.

In the thirteenth episode of our Funding the Future of Healthcare podcast series, we were joined by David Ebersman, who is the CEO of Lyra Health, and Dan Galles, who is a Partner at Providence Ventures. In this episode, our host Pat McKay spoke with David to learn more about his background and career path in healthcare. We also took a chance to elaborate on Lyra Health, and how it’s helping employers provide their workforces with digital mental health care tools. We also discussed Lyra Health’s role in serving those in need in the midst of a behavioral health crisis due to prolonged lockdown orders from the pandemic, and how the company has managed the rapid growth it has experienced in the past year due to this ballooning crisis.

In the thirteenth episode of our Funding the Future of Healthcare podcast series, we were joined by David Ebersman, who is the CEO of Lyra Health, and Dan Galles, who is a Partner at Providence Ventures. In this episode, our host Pat McKay spoke with David to learn more about his background and career path in healthcare. We also took a chance to elaborate on Lyra Health, and how it's helping employers provide their workforces with digital mental health care tools. We also discussed Lyra Health's role in serving those in need in the midst of a behavioral health crisis due to prolonged lockdown orders from the pandemic, and how the company has managed the rapid growth it has experienced in the past year due to this ballooning crisis.

In recent years, more and more hospitals and health systems have launched investment arms in order to discover and fund companies that can help solve some of their internal challenges.  Our guest for this episode is Cyril Philip, a Principal at Providence Ventures, where he focuses on investments in healthcare technology, tech-enabled services, and digital health. We talk about the kinds of companies that get him excited and what technology he's looking to invest in.  He also shares how he engages clinicians in his vetting and due diligence process, and why it's so important for him to get them excited and involved before he decides to make an investment.  And for all of our listeners out there who are budding entrepreneurs, Cyril shares some great advice about getting your company off the ground and looking for investment, including the one question he always encourages entrepreneurs to ask themselves.  Links to recommended reading:  Providence Ventures blog Leave Your Job (But Stay in Nursing) - Trusted Health Blog The full transcript for this episode can be found here: www.trustedhealth.com/the-handoff-podcast/cyril-philip

In recent years, more and more hospitals and health systems have launched investment arms in order to discover and fund companies that can help solve some of their internal challenges.  Our guest for this episode is Cyril Philip, a Principal at Providence Ventures, where he focuses on investments in healthcare technology, tech-enabled services, and digital health. We talk about the kinds of companies that get him excited and what technology he's looking to invest in.  He also shares how he engages clinicians in his vetting and due diligence process, and why it's so important for him to get them excited and involved before he decides to make an investment.  And for all of our listeners out there who are budding entrepreneurs, Cyril shares some great advice about getting your company off the ground and looking for investment, including the one question he always encourages entrepreneurs to ask themselves.  Links to recommended reading:  Providence Ventures blog Leave Your Job (But Stay in Nursing) - Trusted Health Blog The full transcript for this episode can be found here: www.trustedhealth.com/the-handoff-podcast/cyril-philip

A healthcare venture capitalist's take on COVID? The pandemic has basically been an accelerator. It's prompted a “digital, virtual revolution” that can be seen in the boom in telehealth and technologies like remote patient monitoring. Change that would have happened over several years or more, has happened in mere months. Join Cyril Philip of Providence Ventures, the venture capital arm of Providence St. Joseph Health (PSJH), one of the largest health systems and integrated delivery networks in the country, as he talks with Shiv Gaglani about these changes and what is currently driving his company's investment strategy. On his horizon as growth areas: Medicaid solutions, hospital supply chains, and workforce optimization. Plus, hear Philip explain why allowing providers to practice at the top of their licenses would not only create greater caregiver satisfaction, but also increase efficiency and lower cost.

In the twelfth episode of our Funding the Future of Healthcare podcast series, we were joined by Twistle's CEO, Kulmeet Singh, and Dan Galles, who is a Partner at Providence Ventures. The two sat down to discuss their partnership and Twistle's involvement in Providence's response to the COVID-19 crisis.

In the twelfth episode of our Funding the Future of Healthcare podcast series, we were joined by Twistle's CEO, Kulmeet Singh, and Dan Galles, who is a Partner at Providence Ventures. The two sat down to discuss their partnership and Twistle's involvement in Providence's response to the COVID-19 crisis.

In the eleventh episode of our Funding the Future of Healthcare podcast series, we were joined by Hal Andrews, who is the CEO of Trilliant Health, and Jeff Stolte, who is a Senior Partner at Providence Ventures.

In the eleventh episode of our Funding the Future of Healthcare podcast series, we were joined by Hal Andrews, who is the CEO of Trilliant Health, and Jeff Stolte, who is a Senior Partner at Providence Ventures.

Aaron Martin discusses his role and responsibilities as the Chief Digital Officer of Providence St. Joseph Health, and covers a wide range of topics including patient engagement, the innovation model they follow, and the portfolio of digital health startups that he manages as the head of Providence Ventures.

Aaron Martin discusses his role and responsibilities as the Chief Digital Officer of Providence St. Joseph Health, and covers a wide range of topics including patient engagement, the innovation model they follow, and the portfolio of digital health startups that he manages as the head of Providence Ventures.

In the tenth episode of our Funding the Future of Healthcare podcast series, we were joined by Bob Kline, who is the Chairman, President and CEO of Bolder Surgical, and Dave Kereiakes, who is one of Providence Ventures’ newest partners.

In the tenth episode of our Funding the Future of Healthcare podcast series, we were joined by Bob Kline, who is the Chairman, President and CEO of Bolder Surgical, and Dave Kereiakes, who is one of Providence Ventures’ newest partners.

Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2SGOidw. Nonprofit Providence St. Joseph Health, the third largest health care system in the United States, traces its roots back to the Sisters of Providence and the Sisters of t. Joseph of Orange. Their missions were to serve all members of their communities, “especially the poor and vulnerable,” says Aaron Martin, 49, executive vice president and chief digital officer. That motivation now guides the system’s $150 million health care impact investment fund. Martin, who had no health care experience before joining Providence, now leads its efforts to improve health outcomes and improve service levels using technology. Investments are made via Providence Ventures, a fund created by the parent and funded entirely by it to accelerate the digital mission. So far, the fund has invested in 13 companies, two of which were Providence innovations that are being spun out in hopes that they will grow more quickly and benefit not only Providence but all health care providers. Venrock, which raised $450 million in its latest fund, has co-invested with Providence Ventures on two companies: Kyruus and Lyraa Health. Venrock partner Bryan Roberts says, “Aaron is terrific; he has the knowledge of a technology and growth savvy operator with the scale of a health system at his disposal. This allows him to bring a new lens to the change-resistant, defensive technology approach of the healthcare industry while still being grounded in the current practices and having a large sandbox in which to pressure test these new ideas.” Read the full Forbes article and watch the interview here: http://bit.ly/2SGOidw Be a hero! Join the elite group of supporters who ensure that stories like this can continue to be shared! Visit heroes4good.org to become a hero now.

In our seventh episode of our Funding the Future of Healthcare podcast series, we had a chance to chat with Mike McSherry, who is the CEO of Xealth, and Dan Galles, who is a Partner at Providence Ventures. In this episode, our host, Pat McKay sat down with Mike and Dan to learn more about their backgrounds, and careers paths in healthcare. We took a chance to elaborate on Xealth's unique history and learn about how it was created and spun-out of the Providence St. Joseph Heath system. The three also talked about Xealth's purpose in healthcare as a company that serves as a tool for prescribing digital solutions.

In our sixth episode of our Funding the Future of Healthcare podcast series, we had a chance to chat with Dr. Sunil Gupta, who is the Founder of IRIS (Intelligent Retinal Imaging Services), and Jeff Stolte, who is a Partner at Providence Ventures. In this episode, our host, Pat McKay sat down with Sunil and Jeff to learn more about their backgrounds, and careers paths in healthcare. We took a chance to elaborate on IRIS’s history, the company’s purpose in healthcare, and how it’s moving the needle by identifying patients with retina retinopathy who are at risk of going blind before it’s too late.

In our sixth episode of our Funding the Future of Healthcare podcast series, we had a chance to chat with Dr. Sunil Gupta, who is the Founder of IRIS (Intelligent Retinal Imaging Services), and Jeff Stolte, who is a Partner at Providence Ventures.

Our third episode features two very special guests — Siddarth Satish, Founder and CEO of Gauss Surgical, and Dan Galles, Partner at Providence Ventures and Board Member of Gauss Surgical.

1 in 5 Americans are limited english proficient, which greatly impacts their choices while searching for care options. InDemand Interpreting bridges the gap by giving health providers instant on-demand access to medically qualified interpreters over video. In our fourth episode of Funding the Future of Healthcare, we were joined by two special guests — Cecil Kost, Chairman and CEO of InDemand Interpreting, and Jeff Stolte, Partner at Providence Ventures and Board Director for InDemand Interpreting, where we discussed the company’s partnership with Providence Ventures, and how its services aligns with Providence St. Joseph’s mission to develop solutions for poor and vulnerable communities.

In our fifth episode of our Funding the Future of Healthcare podcast series, we were joined by two special guests — Benjamin Zaniello, who is the Chief Medical Officer for Collective Medical, and Jeff Stolte, a Board Observer for Collective Medical, and a Partner at Providence Ventures. In this episode, our host, Pat McKay sat down with Ben and Jeff to learn more about their backgrounds, and careers paths in healthcare. We took a chance to elaborate on Collective Medical’s history, the company’s purpose in healthcare, and how it’s moving the needle by reducing cost of care, readmission rates, and non-urgent ED visits.

In our fifth episode of our Funding the Future of Healthcare podcast series, we were joined by two special guests — Benjamin Zaniello, who is the Chief Medical Officer for Collective Medical, and Jeff Stolte, a Board Observer for Collective Medical, and a Partner at Providence Ventures.

We’re excited to keep our Funding the Future of Healthcare podcast series going with our third episode featuring two special guests — Siddarth Satish, Founder and CEO of Gauss Surgical, and Dan Galles, Partner at Providence Ventures and Board Member of Gauss Surgical.

Finding ways to care for the mentally ill

Christiana DelloRusso, partner, Providence Ventures, explains what Providence Ventures is doing to help Providence St. Joseph Health, the third largest non-profit health system in the country, become “the most consumer focused and digitally enabled health system in the country.”