Have you ever been confronted with a task that made you ask, “I wish there were a product or app to do this better?” And as you procrastinated on your task list or that unending application form for a loan, you imagined a solution that would work perfectly, if you only had the time and money. Or if you knew someone else who had both and were willing to take your idea forward.
At Catalyst by Wellstar, we’re making that scenario a reality by putting money where your voice is. We won’t help you make that killer loan app, but we can help create new products and solutions that could make you healthier with curated care whenever and wherever you want it.
Health systems traditionally relied on the market to buy solutions for pressing issues and challenges their patients were facing, without participating in the creation of these products. In other words, healthcare professionals and patients – the groups closest to these challenges – often didn’t have a say in an innovation or benefit financially from their creation.
The model doesn’t have to work that way. Not only does it make products more expensive, it removes your voice from the conversation. That’s why health systems like Wellstar are watching the world of venture capital closely. We’d like to be that friend with time and money to help bring promising ideas and products to market to make healthcare better for all.
How big are these investments becoming? Digital Health Business & Technology, a web portal from Modern Healthcare, reported that digital health companies raised $30.7 billion in venture capital worldwide in 2021. This flood of investment is one reason why our team hosted a panel discussion last week at Venture Atlanta, the largest venture capital conference in the Southeast. Rather than waiting for solutions to come along, we want to help make these ideas possible right from the start.
The first advantage of this approach is the involvement of our healthcare professionals early on. There’s nobody better than those at the frontline of care to highlight challenges, note opportunities and recognize potential obstacles to a new product or process. Companies save money and implement solutions faster. Patients benefit by accessing new technologies sooner and cheaper, improving their overall healthcare experience. Health systems benefit by delivering on their mission to care for patients and share in the financial success, which fuels more innovation.
Your participation here in the Voice community allows you to share your input and tell us what matters to your life. Our investment approach means we’re putting money where the mouth of the Voice community is. As you give us your thoughts, participate in polls, and tell us your challenges and concerns with the way things are today, our team can turn this incredible feedback into action. It means that your care in years to come won’t just be curated for you – it’ll be made by you.
As you explore the startups we’re highlighting this week, share your thoughts with us. Which companies do you see the most potential in revolutionizing the ways we provide care?
Your Voice
Nammy Vedire, PhD, shared with us what the future of healthcare may look like. Investing in startups today is essential in making this future happen sooner and benefit patients worldwide. Which innovations or changes would you like to see in healthcare?
