The Evolution of Product Management in HealthTech

Concept to Care speaks to Michael Yang. Michael is the Senior Managing Partner for OMERS Ventures, a $1.5B assets under management venture capital fund that invests in early stage B2B software and early growth tech-enabled services businesses.  He is a long time investor in health tech and some of his prior investments include Healthline (acquired by Summit Partners), Talix (acquired by Edifecs), BodyMedia (acquired by Jawbone), PeerWell (acquired by Bardavon) and Accolade (ACCD).  He currently sits on the board of Caraway Health, a healthcare provider for GenZ.  Prior to OMERS Ventures, Michael was a Managing Director at Comcast Ventures and previously a VP/GM of Yahoo! Health.

This episode was recorded in November of 2023.

In our conversation, we discuss:

• A VC’s perspective on the evolution of product and how Michael seen the role of product change over time
• Attributes of a product led organization, examples of that in health tech, and the structures of management teams to enable it
• Defining Product in Tech-Enabled Healthcare Services
• Then vs. Now: The Venture Capital Ecosystem
• Consolidation of healthcare solutions in this macro economic environment
• Previous and current M&A activity in health tech — best possible outcomes with these transactions
• Health tech pivots in today’s economy
• Exits in health tech, common denominators, and who are the buyers
• Starting a venture backed health tech business today
• Types of talent entering the health tech markets and who is best positioned to win
• The next big bet categories in health tech

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Where to find Michael Yang:

• LinkedIn: https://www.linkedin.com/in/myang/
• X: https://twitter.com/yangbness1
• Crunchbase Profile: https://www.crunchbase.com/person/michael-yang-3

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Where to find Angela and Omar:

• Angela Suthrave
  • LinkedIn: https://www.linkedin.com/in/angela-suthrave/
  • X: https://twitter.com/ASuthrave
  • email: angela@concepttocare.com
• Omar Mousa
  • LinkedIn: https://www.linkedin.com/in/omarmousa/
  • X: https://twitter.com/OmarMHealth
  • email: omar@concepttocare.com

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Referenced:

• Michael Yang OMERS Ventures Bio: https://www.omersventures.com/team/michael-yang/
• OMERS Ventures website: https://www.omersventures.com/
• Comcast Ventures website: https://comcastventures.com/
• OV 3.0. The constant state of change: https://www.linkedin.com/pulse/ov-30-constant-state-change-omers-ventures-zcele/
• Melissa Moore’s The Green Room website: https://sites.google.com/view/thefoundergreenroom/home
• Chrissy Farr’s Second Opinion: https://ovsecondopinion.substack.com/
• Dave Wechsler’s Insurtech Rap: https://www.insurtechrap.com/

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Check out our website: https://www.concepttocare.com

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