New company to focus on demonstrating digital health product value
with emphasis on outcomes data and new approaches to predictive analytics
Company Website:
http://www.ge.com
MENLO PARK, Calif. -- (Business Wire)
Today, GE Ventures and Stanford Health Care announced the launch of Evidation
Health, an independent company committed to improving health
outcomes with evidence-based digital medicine.
Focused on generating real-world clinical and economic evidence for
digital health products and platforms, Evidation Health combines health
outcomes data with new approaches to predictive analytics to identify
and deploy the most effective and efficient patient management
strategies and interventions.
Evidation Health Chief Executive Officer Deborah Kilpatrick, said, “Our
company has the core capabilities to make precision digital medicine a
reality. We envision a digital health-enabled future where clinical
interventions can be customized and concentrated in ways that maximize
clinical and economic benefit for payers, providers and, most
importantly, patients.”
According to digital health seed fund Rock Health, more than $4B was
invested in over 250 digital health companies in 2014 alone. As this new
breed of disruptive tools and technologies enter the market, healthcare
purchasers struggle to identify those that will most significantly
impact outcomes and improve patient care.
Rowan Chapman, managing director of new business creation at GE Ventures
said, “Digital disruption in the health care industry has introduced a
number of new but often unproven products and services. With Evidation
Health, we will be able to not only improve outcomes, but also ensure
that the best products reach patients.”
To accelerate commercial progress, Evidation Health joined forces with
The Activity Exchange, a digital health company with strong predictive
analytics capabilities, and closed its Series A financing in January of
2015. The round was led by GE Ventures, with participation from Asset
Management Ventures and Rock Health. The company is focused on forging
new partnerships while continuing its corporate and academic
collaborations with Humana, Biogen Idec., Sanofi, Harvard Business
School and Wharton, amongst others.
Stanford Health Care President and CEO Amir Dan Rubin, said “Stanford
Health Care is committed to delivering integrated solutions to the
complex problems patients face, and those solutions will increasingly be
advanced through digital health. As an early adopter of electronic
health records, virtual visits and precision health, Stanford Health
Care is excited to join with GE Ventures to launch Evidation Health to
provide real-world assessment and validation of digital health care
technologies."
Evidation Health is led by Deborah Kilpatrick, chief executive officer;
Christine Lemke, chief product officer; and Amy Belt Raimundo, chief
business officer; along with Board Members, Rowan Chapman of GE Ventures
and Skip Fleshman of Asset Management Ventures.
About Evidation Health
Evidation Health began as a collaboration between GE Ventures and
Stanford Health Care to realize a shared vision for a digital
health-enabled future. The company seeks to improve health outcomes
through clinically and economically beneficial digital health products
and new approaches to predictive analytics that help optimize patient
management strategies.
About GE Ventures
GE Ventures is committed to identifying, scaling and accelerating ideas
that will make the world work better. Focused on the areas of software,
advanced manufacturing, energy and healthcare, GE Ventures helps
entrepreneurs and start-ups succeed by providing access to GE’s
technical expertise, capital and opportunities for commercialization
through GE’s global network of business, customers and partners. GE
Ventures offers an unparalleled level of resources through its Global
Research Center, including: 35,000 engineers; 5,000 research scientists;
8,000 software professionals; as well as 40,000 sales, marketing and
development resources in over 100 countries. For more information,
please visit http://geventures.com/.
About Stanford Health Care
Stanford Health Care seeks to heal humanity through science and
compassion one patient at a time, through its commitment to care,
educate, and discover. Stanford Health Care delivers clinical innovation
across its inpatient services, specialty health centers, physician
offices, virtual care offerings and health plan programs.
Stanford Health Care is a leading academic health system and part of
Stanford Medicine, which includes the Stanford University School of
Medicine and Lucile Packard Children’s Hospital Stanford. Stanford
Medicine is renowned for breakthroughs in treating cancer, heart
disease, brain disorders and surgical and medical conditions. For more
information, visit: www.stanfordhealthcare.org.
Contacts:
Media:
GE
Megan Parker, 646-682-5605
megan.parker@ge.com
or
Stanford
Health Care
James Larkin
jlarkin@stanfordhealthcare.org
or
Evidation
Health
Shannon Bergstedt
sbergstedt@evidation.com
Source: GE Ventures
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