HealthIL’s Post

Mapping out the future of Israel’s healthcare industry Many of the world’s largest health-related multinational corporations operate in Israel The recent third Forum of International Healthcare Corporations in Israel provided the perfect platform for these key players and other integral members of Israel’s health ecosystem to discuss their current activities, their economic impact, and to collaboratively identify and address sectoral needs, aiming to enhance both the healthcare industry and the broader economy. The Forum was created by HealthIL, with the support of The National Program for Economic Growth of the Ministry of Economy and the Israel Innovation Authority, with the goal of strengthening the strategic position of healthcare multinationals in Israel, closing gaps in understanding between the corporations and governmental agencies, and better integrating the work of these corporations with broader healthcare innovation initiatives that will affect citizens around the globe. The third meeting of the Forum included representatives from over 25 unique companies who met with Michal Fink, the Ministry of Economy’s Head of Strategy, Kerem Nevo and Shomrat Shurtz , Growth VP and Senior Manager respectively at the Innovation Authority, Yoav Fisher from HealthIL, Hadas klein, the Healthcare Cluster Manager for the Growth Administration and other representatives from the Ministries of Health and Economy, the Digital Health branch of the Ministry of Health, and the Innovation Authority, There are nearly 100 multinational corporations in Israel that touch healthcare, of which 80% are of international origin and 20% of Israeli origin. These corporations have a significant impact on the Israeli ecosystem and the economy.  Corporations of international origin significantly outpace Israeli corporations regarding R&D activities and play a predominant role in engaging with Israeli startups, clinical trials with Israeli healthcare organizations, and development of the next generation of innovation - frequently in conjunction with local startups. Over the long run, these MNCs are critical for building the knowledge, expertise and exposure of Israel’s next generation of founders and investors. Last week's Forum meeting led to a deeper understanding of the needs of the sector, which will be addressed by dedicated working groups composed of representatives of both the MNCs and the relevant governmental bodies and organizations.  These collaborative efforts underscore the unique relevancy of multinational corporations to the continued prosperity of the Israeli economy and the Israeli high tech sector, as well as the government’s  commitment to bolstering the local healthcare industry and, by extension, the overall economy. Yael Ophir Shlomo Levi #healthcare #innovation #collaboration

Last week the Office for Life Sciences (OLS) published a report, ‘Unlocking the potential of UK HealthTech’ (delivered by KPMG), seeking to better understand the economic footprint of the industry: https://lnkd.in/eN8cbpK6 It’s great to see OLS recognise that current definitions and approaches don’t necessarily reflect the reality and rapidly evolving nature of the health tech market. Some interesting findings from the report include: 👩💻 A formal redefinition of UK HealthTech is required to encapsulate emerging technologies and reduce ambiguity surrounding what does and does not constitute HealthTech activity. 👩💻 There is a lack of granular information pertaining to healthtech SMEs available to the public. 👩💻  Due to the rapid pace of technological change in the UK HealthTech sector, it would be valuable to conduct an annual assessment of the HealthTech innovation ecosystem. 👩💻 Access to this information would better allow government to optimise innovation within the sector, monitor the impact of technological changes, and ensure that interventions are appropriately directed toward addressing the health care sector’s current challenges. These findings, among others in the report, will ring true for people in the digital health ecosystem. Definitions of 'health tech' vary across the NHS and the UK more broadly, often meaning people talk at cross-purposes. The health tech sector will play a critical role in delivering the government’s health mission. A detailed understanding of the health of this market in the UK, including a segmentation of the sector according to the type of digital health tool provided, will be key to determining how it is best placed to help.   The Health Foundation #healthtech #digitalhealth

It was great to meet with Hon Simon Bridges, Chief Executive of the Auckland Business Chamber to discuss the opportunity to grow Auckland's health technology sector. Roche is renowned for partnering with the brightest minds in science and healthcare so we can enable health systems to focus on effectively and sustainably meeting the needs of patients and to make decisions that support greater equity of access to healthcare. Insights from health data can provide us with a deeper understanding of a disease that can make earlier and more accurate diagnosis possible for patients. They can drive the development of personalised treatments informed by an understanding of patients’ preferences and the outcomes that matter most to them. At the care level, they enable evidence-based clinical decision-making to give patients the best chance of a positive outcome. Data captured through remote digital monitoring could be used to predict disease and identify signs of disease progression earlier, leading to more rapid and appropriate treatment decisions. We believe New Zealand has an opportunity to position itself as a global leader in healthcare and that Auckland's Health Technology sector can become an even better place for the industry to thrive. The Auckland Tech Council recently published a roadmap to Auckland becoming a HealthTech hub which you can find here: https://lnkd.in/gfeFzAKA

🚀 The European health sector is rapidly evolving, driven by tech advances and shifting healthcare priorities. Digital innovation is key to improving patient access, personalised treatments, and seamless patient-provider communication. But there's a critical need for skilled professionals to navigate this complex landscape. 📉 A joint report by the European Investment Fund (EIF) and the WorkInHealth Foundation reveals a skills and talent shortage in Europe's health sector. This shortage stems from rapid sector changes, demographic shifts, regulatory complexities, and rising demand for specialised knowledge in digital health, personalised medicine, biotechnology, and more. 📊 The report offers insights from VCs, startups, and industry experts, emphasising the need for competency and expertise to keep pace with these advancements. https://loom.ly/NmxSZY8 💡 How can we bridge this skills gap to ensure the health sector's growth and innovation? Share your thoughts! #HealthcareInnovation #DigitalHealth #HealthTech #SkillsGap EY

🌐 Leveraging Digital Technologies in Healthcare 🌐 It was an honor to be part of this engaging panel discussion, exploring the critical question: "How can digital technologies be leveraged to improve decision-making and accountability in the health sector?" Digital innovation has the power to transform healthcare systems by enhancing data-driven decisions, improving service delivery, and ensuring accountability. During the session, we delved into practical strategies, real-world applications, and the challenges we face in implementing these technologies. Grateful to have shared the stage with brilliant minds and professionals committed to driving change in the health sector. Together, we can build sustainable systems that truly make a difference! 💡 Let's continue the conversation! How do you think technology can play a bigger role in transforming healthcare? Felix Sukums,Makunda Kassongo,Godfrey Nyombi, Muhimbili University of Health and Allied Sciences (MUHAS),AFYACALL,Vodacom Tanzania Plc #DigitalTransformation #HealthcareInnovation #LeadershipInHealth #AfyaKiganjaniMwako

Nigeria's healthcare sector is brimming with potential, but the lack of reliable data is a significant barrier holding it back. In an era where innovation and technology are key drivers of progress, the absence of comprehensive health data in Nigeria has become a major impediment to the growth of startups and the effective deployment of new technologies. Data is the lifeblood of innovation. It informs the development of solutions that are not only effective but also tailored to the specific needs of the population. In the healthcare sector, data enables startups to identify gaps in service delivery, understand patient behavior, and develop products that address real, pressing issues. However, in Nigeria, the scarcity of accurate and accessible health data means that startups often have to operate in a vacuum, relying on assumptions rather than evidence. This not only increases the risk of failure but also limits the ability to scale successful solutions. Moreover, the deployment of new technology in healthcare relies heavily on data to demonstrate efficacy and guide implementation. Whether it's the use of AI for diagnostic purposes, telemedicine platforms for remote consultations, or mobile health apps for patient management, these technologies need data to function effectively. In the absence of reliable data, the deployment of these technologies is hampered, as they cannot be accurately tested, validated, or adapted to the local context. This creates a significant bottleneck in the adoption of innovations that could otherwise revolutionize healthcare delivery in Nigeria. Startups in the health tech space are particularly vulnerable to the challenges posed by the lack of data. Without a solid data foundation, these startups struggle to attract investment, as investors are often wary of the risks associated with untested markets. Additionally, the absence of data makes it difficult for startups to demonstrate the impact of their solutions, which is crucial for securing partnerships and scaling operations. As a result, many promising innovations are unable to gain the traction needed to succeed, ultimately stalling the growth of the entire sector. To unlock the full potential of innovation in Nigeria's healthcare sector, it is imperative to address the data gap. This requires a concerted effort from all stakeholders, including the government, private sector, and international organizations, to build a robust health data infrastructure. By investing in data collection and management, and by encouraging data sharing across the ecosystem, we can create an environment where startups can thrive, technology can be effectively deployed, and innovation can drive the growth of a healthcare system that meets the needs of all Nigerians.

💥 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗵𝗲𝗮𝗹𝘁𝗵 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝗶𝗻 𝗤𝟭 𝟮𝟬𝟮𝟰 𝘀𝗵𝗼𝘄𝗰𝗮𝘀𝗲𝗱 𝗮 𝘀𝗵𝗶𝗳𝘁 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝗰𝗿𝗲𝗮𝘁𝗶𝘃𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝘀 Digital health funding in Q1 2024 showcased a shift towards creative financing measures, with $𝟮.𝟳𝗕 𝗮𝗰𝗿𝗼𝘀𝘀 𝟭𝟯𝟯 𝗱𝗲𝗮𝗹𝘀, marking a smaller yet active funding landscape. Notably, AI-driven investments surged, constituting 40% of the total funding, indicating a 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗳𝗼𝗰𝘂𝘀 𝗼𝗻 #𝗔𝗜-𝗲𝗻𝗮𝗯𝗹𝗲𝗱 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 like clinician scribe software and precision health platforms. Moreover, there's a renewed emphasis on outcomes reporting, with 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝘀𝗲𝗲𝗸𝗶𝗻𝗴 𝗲𝘃𝗶𝗱𝗲𝗻𝗰𝗲-𝗯𝗮𝘀𝗲𝗱 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗳𝗿𝗼𝗺 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗵𝗲𝗮𝗹𝘁𝗵 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀. Creative deal structuring remains prevalent, with startups exploring innovative ways to secure capital, while the public markets witness a recalibration in the digitally health sector's makeup due to delistings. As expectations reset for both private and public players, the pressure intensifies to demonstrate strong outcomes and validate paths forward. 🤔 𝑯𝒐𝒘 𝒘𝒊𝒍𝒍 𝒅𝒊𝒈𝒊𝒕𝒂𝒍 𝒉𝒆𝒂𝒍𝒕𝒉 𝒄𝒐𝒎𝒑𝒂𝒏𝒊𝒆𝒔 𝒏𝒂𝒗𝒊𝒈𝒂𝒕𝒆 𝒕𝒉𝒆𝒔𝒆 𝒔𝒉𝒊𝒇𝒕𝒊𝒏𝒈 𝒑𝒂𝒓𝒂𝒅𝒊𝒈𝒎𝒔, 𝒃𝒂𝒍𝒂𝒏𝒄𝒊𝒏𝒈 𝒕𝒉𝒆 𝒏𝒆𝒆𝒅 𝒇𝒐𝒓 𝒊𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒗𝒆 𝒔𝒐𝒍𝒖𝒕𝒊𝒐𝒏𝒔 𝒘𝒊𝒕𝒉 𝒕𝒉𝒆 𝒅𝒆𝒎𝒂𝒏𝒅 𝒇𝒐𝒓 𝒕𝒂𝒏𝒈𝒊𝒃𝒍𝒆 𝒐𝒖𝒕𝒄𝒐𝒎𝒆𝒔 𝒂𝒏𝒅 𝒔𝒖𝒔𝒕𝒂𝒊𝒏𝒂𝒃𝒍𝒆 𝒈𝒓𝒐𝒘𝒕𝒉? #artificialintelligence

Why should VCs consider investing in healthcare over other industries?💰 The rapid innovation and growth in healthcare are unmatched, with technological advancements like AI-driven diagnostics, telemedicine, and personalized medicine continuously emerging. This relentless innovation provides a ground for significant returns on investment. For example, the global digital health market is projected to reach $660 billion by 2025, underscoring the sector’s robust growth potential. Additionally, healthcare remains an essential and resilient market. 📈 Unlike many sectors, it is indispensable regardless of economic conditions. The demand for healthcare services is consistent and growing, driven by an aging population and the increasing prevalence of chronic diseases. By 2030, one in six people globally will be over 60, further amplifying the need for healthcare innovations. Moreover, the healthcare sector benefits from substantial government and regulatory support. Governments worldwide are prioritizing healthcare, offering funding, incentives, and supportive policies that foster innovation and investment. Initiatives like the U.S. government's $6.5 billion ARPA-H illustrate the supportive environment for healthcare startups, enhancing potential for successful exits and long-term growth. The healthcare sector promises robust financial returns, but most importantly, it offers the chance to be part of transformative changes that benefit humanity. 🌍 🚀For venture capitalists looking to make a lasting impact while capitalizing on growth opportunities, healthcare stands out as a top choice. #VentureCapital #HealthcareInvestment #HealthTech #Innovation #Investing #ImpactInvestment Bjoern von Siemens Dennis Kogan Matt Krueger Amel Mokrani Bois Etienne Bauer Gargee Kashyap Emre kamil Özkan

https://lnkd.in/gvH6WuTx Digital health is a tough place for startups. While it appears as a doomsday, there's no denial that digital health is a priority for players in the industry esp for tracking progression on chronic diseases and care continuum beyond hospital. The shift from wellness to clinical in digital health is fueling growth of market. Digital health is future. However, successful launch requires robust real world evidence, commercial strategies including reimbursements. Important to work with a partner who has experience in navigating regulatory pathways and human centered design to build seamless digital workflow experience to HCPs and patients, two critical stakeholders who make or break the digital health.

🚀 The Future of UK HealthTech: The ABHI's new manifesto offers a dynamic vision for advancing UK healthcare through technology. Here’s what’s on the agenda: 🔹 Industry at a Glance: With 154,000 employees and a £34bn turnover, HealthTech is pivotal to the UK's life sciences sector. Yet, facing challenges like regulatory uncertainties and slow NHS adoption, it’s time for a strategic overhaul. 🔹 10-Point Plan Highlights: ➡️ Regulatory Excellence: Create a world-class regulatory environment that accelerates innovation and patient safety. ➡️ Innovative Procurement: Reform NHS procurement to foster quick adoption of HealthTech solutions. ➡️ Investment in Infrastructure: Expand physical and digital infrastructure to support advanced manufacturing and data-driven health solutions. ➡️ Global Leadership: Enhance UK HealthTech’s global export potential through targeted support and international collaboration. 🔹 Government Collaboration: To actualise these goals, ABHI recommends appointing a HealthTech Champion to advocate for the industry’s nuanced needs, driving forward both economic growth and healthcare improvements. 🌍 By implementing these transformative strategies, the UK can lead in delivering efficient, patient-centric healthcare globally. 🔗 https://lnkd.in/eP-6NwjH #HealthTech #UKHealthcare #Innovation #DigitalTransformation #NHS Eleanor Charsley Paul Benton Lottie McMahon Michelle Michelucci Richard Devereaux Phillips