Healthcare’s tectonic shifts are forcing fundamental business model change to every one of it’s players, both in the United States and globally.  Medical and health technology — for decades derided as the driver of increased health costs — are now the key enabler of new products, re-imagined services and new business models to extend the reach and impact of healthcare. Digital tech and the telemedicine enabled by it have proven that health systems can bend the cost curve and accomplish the “Triple Aim” of increased access, better outcomes and lower costs with:

• New sensors and biometrics

• Connected medical devices

• Companion apps to therapeutics

• Re-designed care delivery models

• New business models

• Digiceuticals + Electroceuticals that compliment or replace traditional pharmaceuticals

Over the past decade, MIT Hacking Medicine has pioneered open innovation events we call healthcare hackathons far beyond Cambridge to over 90 events in 30 countries, bringing a repeatable process and tools for identifying big healthcare problems and catalyzing new solutions and care models using technology to scale medicine. Example event themes and impact over the years:

• Hacking Oncology

• Hacking Pediatrics

• Hacking Cardiology

• Hacking Dermatology

• Hacking Primary Care

• Hacking Portable Ultrasound

Dozens of startups have raised over $250MM in venture capital funding

MIT Hacking Medicine co-founder and Faculty Director, Zen Chu, will describe what we have learned over the past decade with examples and best practices. He also will discuss the role corporations have played in those events and how companies can leverage hackathons for sourcing ideas and identify new technologies relevant to their business.

 

Agenda

11:00am – 11:20am

Hacking Healthcare Transformation with Digital Technology + Open Innovation

Co-Founder and Faculty Director, MIT Hacking Medicine
Senior Lecturer, MIT Sloan School of Management
11:20am – 11:50am

Q&A

11:50am – 12:30pm

ILP Member Discussions with Zen Chu