Healthbox, a Chicago-based healthcare innovation consulting firm and venture capital investment manager, announced the launch of their new platform Horizon Scan to help healthcare organizations optimize their digital health vendor sourcing process. For healthcare organizations, the new Horizon Scan platform will serve as a sourcing tool to successfully find and evaluate innovative digital health solutions.
Many healthcare organizations are currently faced with tenuous profit margins and an uncertain regulatory landscape while attempting to transition toward value based care. While organizations recognize the need to innovate, they find it difficult to filter through the noisy market and vet the best digital health solutions in a timely and efficient manner.
For vendors with high impact solutions, the process can be equally cumbersome and can quickly lose traction without brand validation prolonging the already lengthy sales cycle. The long sales cycle can ultimately lead to a digital health startup’s early demise for those without significant runway.
Horizon Scan Platform Overview
Based on conversations with healthcare systems across the country, Healthbox recognized the need for a curated and objective platform to enable confident decision-making. Horizon Scan will provide users direct access to Healthbox expertise, leveraging the company’s experience evaluating thousands of early stage companies for accelerator programs, investment decisions, and sourcing vendor solutions on behalf of industry partners. The platform also features company profiles on vetted solutions, comprehensive industry reports, and a community network to engage with other users and the Healthbox team.
“With a myriad of vendors in the market, organizations face challenges in finding the technologies best fit to advance strategic and operational initiatives,” said Neil Patel, Healthbox President in a statement. “Horizon Scan will help teams successfully navigate the digital heath landscape with added confidence and speed.”
Healthbox is the general partner of several venture funds, including the Intermountain Healthcare Innovation Fund. To date, Healthbox has evaluated nearly 3,000 early stage companies and engaged with over 160 startups in Studio and accelerator programs.
Healthcare organizations interested in learning can contact Healthbox at firstname.lastname@example.org to request a demo and free trial of the new service.