{"id":1243,"date":"2014-01-31T09:58:22","date_gmt":"2014-01-30T22:58:22","guid":{"rendered":"http:\/\/blog.panicola.com\/?p=1243"},"modified":"2014-01-31T09:58:38","modified_gmt":"2014-01-30T22:58:38","slug":"jp-morgan-health-conference-wrap","status":"publish","type":"post","link":"https:\/\/blog.panicola.com\/?p=1243","title":{"rendered":"JP Morgan Health Conference wrap"},"content":{"rendered":"<ul>\n<li>It\u2019s a different world today, one where new laws and new digital technologies are upending the way health care is delivered.<\/li>\n<li>The\u00a0<a href=\"http:\/\/online.wsj.com\/public\/page\/health-law-rollout.html?lc=int_mb_1001\" data-ls-seen=\"1\">Affordable Care Act<\/a>\u00a0has led to this shift, and has created a business model that didn\u2019t even really exist five years ago.<\/li>\n<\/ul>\n<p>http:\/\/blogs.wsj.com\/venturecapital\/2014\/01\/16\/google-ventures-says-jp-morgan-health-conference-changing-with-the-times\/<\/p>\n<div><span style=\"font-size: smaller;\">January 16, 2014, 4:39 PM<\/span><\/div>\n<div><strong style=\"font-size: 26px; line-height: 1.3846153846;\">Google Ventures Says JP Morgan Health Conference Changing With the Times<\/strong><\/div>\n<div><\/div>\n<div>By\u00a0<a href=\"http:\/\/topics.wsj.com\/person\/A\/biography\/7703\" data-ls-seen=\"1\">TIMOTHY HAY<\/a><\/div>\n<div><\/div>\n<div><span style=\"line-height: 1.5;\">For more than three decades, the JP Morgan Healthcare Conference in San Francisco has been the almost-exclusive domain of pharmaceutical companies, the place where the Mercks and Pfizers of the world meet biotechnology startups who help them fill their pipelines.<\/span><\/div>\n<div>\n<p>&nbsp;<\/p>\n<p>But it\u2019s a different world today, one where new laws and new digital technologies are upending the way health care is delivered.<\/p>\n<p>Attendance at the conference has changed to reflect the new reality, as health-insurance companies, software developers, purveyors of big-data analytics and a range of other information technologies have begun to fill out the roster, on the presenters\u2019 stages and in the nearby hotels where the deal-making happens.<\/p>\n<p>\u201cI\u2019ve been coming to this for five years,\u201d said\u00a0<a href=\"http:\/\/www.gv.com\/team\/krishna-yeshwant\" data-ls-seen=\"1\">Krishna Yeshwant<\/a>, a general partner at Google Ventures, which backs a range of health- and health-information startups. \u201cWhen I started it was all pharma, and all the talk was about disease targets.<\/p>\n<p>\u201cThe\u00a0<a href=\"http:\/\/online.wsj.com\/public\/page\/health-law-rollout.html?lc=int_mb_1001\" data-ls-seen=\"1\">Affordable Care Act<\/a>\u00a0has led to this shift, and has created a business model that didn\u2019t even really exist five years ago. There is all this talk now about analytics, about digital health, health-care delivery. I have [portfolio company CEOs doing information-technology] who ask me, \u2018Should I be going to JP Morgan?,\u2019 and I say \u2018Yes, you have to be here.\u2019 A few years ago I might have said no.\u201d<\/p>\n<p>This year\u2019s conference not only saw a fireside talk from Acting National Coordinator of Health I.T. Jacob Reider, but presentations from electronic health-record providers like Practice Fusion Inc. and athenahealth Inc.<\/p>\n<p>The conference also featured a standing-room-only panel discussion with startup digital-health companies like medical-information network ShareCare Inc., \u201cdigital medicines\u201d company Proteus Digital Health Inc. and big-data analytics company Kyruus Inc., joined by health IT investors Qualcomm Ventures and Thrive Capital. It was the first year digital health had gotten such prominent billing at the conference. JP Morgan organizers declined to comment about trends in conference attendance in recent years.<\/p>\n<p>One provision of federal health reforms ties hospitals\u2019 reimbursement for treatment more closely to patient outcomes than to the volume of patients treated.<\/p>\n<p>Feeling more scrutiny, health-care providers now have an immediate need for the types of software and big-data products that can help them track treatment efficacy and patient progress over large populations of people, Dr. Yeshwant said.<\/p>\n<p>\u201cThese kinds of products always made good sense,\u201d he said, \u201cbut there was no real financial incentive. Now there is. If you\u2019re not doing this, you\u2019re going to disappear.\u201d<\/p>\n<p>More of a gradual change than an overnight transition, the \u201coutcome-based medicine\u201d provision of health-care reform has drawn a number of new players to the JP Morgan conference, including all of the country\u2019s top health insurance companies and a range of IT providers who want to do business with them and with hospitals, Dr. Yeshwant said.<\/p>\n<p>\u201cMany of these people come because they want to be near the conversation,\u201d he said. \u201cThings are not changing abruptly, but these changes are very big. A lot of people feel the need to be near all of it.\u201d<\/p>\n<p>Google Ventures is backing a number of health information-technology companies, including genomic analysis company Foundation Medicine Inc., big data company DNANexus Inc. and consumer-genetics company 23andMe Inc.<\/p>\n<p><em>Write to Timothy Hay at\u00a0<a href=\"mailto:timothy.hay@wsj.com\" data-ls-seen=\"1\">timothy.hay@wsj.com<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a different world today, one where new laws and new digital technologies are upending the way health care is delivered. The\u00a0Affordable Care Act\u00a0has led to this shift, and has created a business model that didn\u2019t even really exist five years ago. http:\/\/blogs.wsj.com\/venturecapital\/2014\/01\/16\/google-ventures-says-jp-morgan-health-conference-changing-with-the-times\/ January 16, 2014, 4:39 PM Google Ventures Says JP Morgan Health Conference &hellip; <a href=\"https:\/\/blog.panicola.com\/?p=1243\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">JP Morgan Health Conference wrap<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,8,9,22,4,3],"tags":[],"class_list":["post-1243","post","type-post","status-publish","format-standard","hentry","category-data-saving-lives","category-entrepreneurship","category-healthcare","category-policy","category-quantified-self","category-rapid-learning-health-systems"],"_links":{"self":[{"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/posts\/1243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1243"}],"version-history":[{"count":2,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/posts\/1243\/revisions"}],"predecessor-version":[{"id":1245,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=\/wp\/v2\/posts\/1243\/revisions\/1245"}],"wp:attachment":[{"href":"https:\/\/blog.panicola.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.panicola.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}