What Investors Need to Know About Digital Health
Investment Trends in Digital Health and Healthtech
With a nearly 20% increase (~$5.5 billion) raised by US digital health companies in the first six months of 2020, digital health is gaining momentum to reshape healthcare. The panel of leading investment experts will provide a deep dive into the fundamentals and emerging opportunities evaluating and investing in digital health. It will focus on how investors should identify, evaluate, and measure small, medium and large financial stakes in the digital health ecosystem. Leaders can build on their existing business knowledge and learn how to apply that knowledge to the digital health investment market.
(Moderator) Stan Kachnowski (PhD, MPA '06), Director, Digital Health Program, CBS, Executive Education
Sara Chokshi (DrPH TC ’11), Director, Research, Healthcare Innovation & Technology Lab
Ezra Mehlman (BMA CBS ’12), Managing Partner, Health Enterprise Partners
Damon Phillips (PhD), Lambert Family Professor of Social Enterprise, Co-director, Tamer Center for Social Enterprise, CBS
Bill Taranto, President, Merck Global Health Innovation Fund
DATE: October 21, 2020
TIME: 12:00-1:00 PM
FEE: $15 for CBSACNY members; $25 for non-members
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Panelist Bios(Moderator) Stan Kachnowski, (PhD, MPA '06), Chair, HITLAB
Professor Stan Kachnowski, PhD MPA CSEP, an Oxford trained researcher, has taught over 5,000 students from Columbia University, IIT-Delhi, and Quinnipiac College. His teaching and research over the past 25 years includes educating graduate level and executive students on 4 continents and conducting extensive studies on the efficacy and diffusion of digital health, including electronic data capture, ePRO, wearables, and predictive algorithms. Professor Kachnowski has authored over 200 peer-reviewed papers and presentations for national and international journals and societies in digital health development, management, and diffusion. He was selected as a Fellow to CHIME in 1998. In 2003 he received a letter of commendation for teaching excellence from the Dean of the School of Public Health at Columbia University. Professor Kachnowski was named a Fellow to England’s Royal Society of Medicine for his research demonstrating the outcomes effectiveness of using the Palm Pilot in managing haemophilia patients in 2005. Professor Kachnowski has received grant funding from a wide-ranging groups of sponsors, including over a dozen nations, AARP, WHO, USAID, Gates and Dell Foundations, and most of the top 20 global life science companies. Over the past 25 years he has also served as interim CTO for life science organizations, including Eyetech and Oncology.com. He currently serves on the Board of Directors for Oursmedicina, The Hudson Center for Health Equity, and Aptus Health. Professor Kachnowski holds Bachelor’s and Master’s Degrees from the University of Vermont, and a Doctorate from the University of Oxford.
Sara Choksi, DrPH is a member of our HITLAB leadership team as the Director of Research Services. In this role, Sara is a primary spokesperson and SME for new research efforts, and also accountable for managing various teams for routine delivery of high-quality results to research and strategy project sponsors. Prior to joining HITLAB, Sara worked as an Assistant Professor at the Center for Healthcare Innovation and Delivery Science at NYU School of Medicine’s Department of Population Health. She was also Assistant Director at NYU’s Healthcare innovation Bridging Research, Informatics & Design Lab (HiBRID). For Sara’s Google Scholar page, visit here. In addition to her work in digital health, Sara served as a member of the Family Advisory Council at NYU Langone’s Hassenfeld Children’s Hospital for over 10 years. She participated in a number of projects related to digitally-driven health quality and safety as well as patient and family centered health improvements. Sara received her Doctor of Public Health in Sociomedical Sciences, from Columbia University Mailman School of Public Health. She is passionately committed to improving the experience of patients, their families and care providers by applying her expertise as a medical sociologist in healthcare delivery, as well her knowledge about health information technology, digital medicine, implementation discipline, and user-centered design principles.
Ezra Mehlman is a General Partner at Health Enterprise Partners L.P, a lower middle market growth equity firm focused on healthcare IT and services. Prior to completing his MBA at Columbia Business School and joining HEP in 2010, Ezra was a Senior Analyst at the Advisory Board Company (NASDAQ: ABCO), providing best-practice consulting and research services to hospitals and health systems. After leaving the Advisory Board Company, Ezra served as a Senior Consultant in the health care practice of Booz Allen Hamilton focusing on engagements in the provider space. Ezra is currently on the board of directors of AxiaMed, CenterPointe Behavioral Health System, Wildflower Health, and Jvion. He previously served on the board of directors of Applied Pathways (acquired by AIM Specialty Health, a division of Anthem, Inc) and InDemand Interpreting (acquired by Stratus Video). He sits on the Harvard School of Public Health’s Health Policy and Management Executive Council. He is on the faculty of Columbia Business School.
Professor Damon Phillips, Co-director of the Tamer Center for Social Enterprise, is the Lambert Family Professor of Social Enterprise at CBS. He received his PhD from Stanford University. Before joining Columbia in 2011, he was on the faculty of the University of Chicago Booth School of Business (from 1998-2011). During the 2010-2011 academic year he was a fellow at the Center for Advanced Study in the Behavioral Sciences at Stanford University. Professor Phillips has expertise in social structural approaches to labor and product markets, entrepreneurship, innovation, organizational strategy and structure, as well as social network theory and analysis. His industry specialties are markets for professional services (law, consulting, investment banking) and culture (music industry). His 2013 acclaimed book, "Shaping Jazz," is an innovative study of the emergence and evolution of the market for recorded jazz. In addition to publishing in top journals within management and sociology, Professor Phillips has been on the editorial board of the Administrative Science Quarterly, an Associate Editor with Management Science, and was a Consulting Editor at the American Journal of Sociology. Professor Phillips is a Phi Beta Kappa graduate from Morehouse College with a bachelor's degree in physics. He earned his first master's degree in aeronautics and astronautics from Massachusetts Institute of Technology. He earned a second master's degree in sociology from Stanford University. Before pursuing his PhD at Stanford, he worked as an engineer and researcher affiliated with the U.S. Air Force (Lincoln Labs, MA) and was an executive in a family-owned electronics manufacturing business. He enjoys spending time with his wife and two daughters, learning to play instruments, and listening to music. Areas of Expertise: The Sociology of Labor Markets and Professional Careers Social Networks Managing Innovation, Creativity, and Change Entrepreneurial Management.
Bill Taranto is President of the Merck Global Health Innovation Fund and responsible for all areas of investing. Bill has more than 25 years of health care experience including over 15 years of healthcare investing. In addition to his experience in venture investing, Bill has more than a decade of management operations experience. Today Mr. Taranto is a member of the Merck Innovative Ventures Board, a group that manages the identification and funding of portfolio businesses; and is also Chairman of the GHI Fund LLC Management Board. Prior to joining Merck, Mr. Taranto spent 18 years at Johnson & Johnson in various venture capital, marketing, sales and business development roles. Before J&J, Mr. Taranto spent eight years in investment banking. Mr. Taranto has a Bachelor of Business Administration from St. Bonaventure University.
This online event was organized by the CBSACNY Healthcare Committee: Deepak Mittal, CBS '10, committee chair; Wendy Diller, NYU MBA, former committee chair; and Brad Pickar, CBS '94. Many thanks to Stan Kachnowski for coordinating the program.