INBW26: A Three-Prong Plan to Find Areas of Promise and/or Promising Companies in Health Care

I was asked by a group of students from Michigan University’s Ross School of Business to identify what I would consider companies or areas of promise in health care. It’s a good question. I’m going to take a stab at the answer in this health care podcast, but let me foreshadow coming up next month, there’ll be a second episode of Relentless Health Value dedicated to this same exact topic. I have asked a panel of people from across the industry to weigh in on this same exact question.

So, here’s what I have to say about it, but you can balance my views with theirs upcoming and decide for yourself what advice you wish to take.

For more information, go to aventriahealth.com.

When not hosting the show, Stacey is co-president of Aventria Health Group, a marketing agency and consultancy. Aventria specializes in helping pharmaceutical, employer, pharmacy, and health system clients improve patient outcomes by creating and leveraging collaborations with other health care organizations. For more than 20 years, Stacey has innovated better-coordinated health solutions benefiting all stakeholders and, most of all, the patient.

01:47 Promise doesn’t mean piling up bills at the expense of patients and taxpayers. 02:47 “These companies won’t change unless there are people working from within to get them on track.” 03:53 Stacey’s three-prong plan to find promising companies within health care. 04:08 “Follow the money.” 05:29 Three things to look for in a health care company or health care area. 06:12 “It’s really hard to integrate with an unknown entity.” 06:50 “Doctors … like to create their own solutions.” 07:34 “The realities [are], people buy what they … create.” 09:48 “The hype cycle is real.” 10:45 All promising areas and companies have one thing in common: They’re innovative. 11:07 Disruptive innovation vs sustaining innovation. 11:45 Clayton Christensen’s The Innovator’s Dilemma.12:23 Zeev Neuwirth’s Reframing Healthcare. 14:48 EP202 with Frazer Buntin. 15:41 “Look for first movers.” 15:56 “Look for disruptive companies that have gotten investments from entrenched players.” 16:23 Who excels at incremental innovation vs disruptive innovation. 17:10 Stacey’s note of caution about transparency and health care businesses.

For more information, go to aventriahealth.com.

Check out our #healthcarepodcast #inbetweenisode with our host, Stacey Richter, as she talks areas of promise in #healthcare. #podcast #digitalhealth #healthtech #healthcarebusiness

What it really means to have promise within #healthcare. Our host, Stacey Richter, discusses. #healthcarepodcast #podcast #digitalhealth #healthtech #healthcarebusiness

“These companies won’t change unless there are people working from within to get them on track.” Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

What’s our host Stacey Richter’s three-prong plan for finding promise within #healthcare? Find out in our latest #inbetweenisode #healthcarepodcast #podcast #digitalhealth #healthtech #healthcarebusiness

“Follow the money.” Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

“It’s really hard to integrate with an unknown entity.” Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

“Doctors … like to create their own solutions.” Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

“The realities [are], people buy what they … create.” Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

“The hype cycle is real.” Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

All promising areas and companies have one thing in common: They’re innovative. Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

Disruptive innovation vs sustaining innovation. Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

“Look for first movers.” Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

“Look for disruptive companies that have gotten investments from entrenched players.” Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness

Who excels at incremental innovation vs disruptive innovation? Our host, Stacey Richter, discusses. #healthcarepodcast #healthcare #podcast #digitalhealth #healthtech #healthcarebusiness