Ohio Venture - OVA Review Newsletter
News from the Ohio Venture Association meeting on October 11, 2013

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Keynote Address:

Expanding the Entrepreneurial Community in Healthcare

Sandra Vance

Senior Director, Interoperability Initiatives
Health Information and Management Systems Society

Cleveland's newest convention facility, the Global Center for Health Innovation, was sold as a way to leapfrog the region ahead as a center for medical innovations. And at the October OVA lunch, Sandra Vance of the Health Information and Management Systems Society, or HIMSS, gave OVA members a comprehensive glimpse of how that reality is coming to pass.

HIMSS is a 52-year-old organization with 52,000 worldwide members. With an annual budget of $88 million and a global conference that attracts 35,000 people, it ranks as the ninth-largest health-related professional association in the world. Though still based in Chicago, its new presence in Cleveland, with 40,000 square feet of space in the Global Center, presents intriguing possibilities.

"This is going to drive innovation in Cleveland in a way that has never been done before," she said. "The vision is to forge a health IT revolution. We're going to partner with BioEnterprise…and help new organizations get through the regulatory red tape and help them understand how to operate with other (healthcare) systems. We want to foster innovations by convening these companies. We're going to bring them together so they can collaborate rather than compete, and get the job done."

The professional society's new space, which includes testing labs and a showroom, represents a starkly different direction for HIMSS. "We've been membership-based and meeting-driven, and this is our first chance to be product-driven, and use our testing tools and resources to perpetuate new innovations." As part of that move toward being more product-based, she said, the group is for the first time opening itself up to working with start-ups and newer ventures. "This center represents something completely new for us. We can leverage our communities, we can leverage our testing resources. We just have to figure out where the gaps are, and where we can help industry along here."

She explained that HIMSS is in a unique position to serve as a bridge between established industry players and upstarts.

"For those of you who have been part of the innovation with medical devices, you know there is no way to get your foot in the door without integrating with their other systems. Hospitals today have hundreds, if not thousands, of different technology vendors within the four walls of their organizations. And so there's no way to be a disruptive innovation if you don't integrate with what they're already using. So we want to level the playing field for these new stakeholders that are coming in, the small organizations that are making disruptive innovation. We want to make it possible for them to integrate with" the largest vendors in the industry, using open source testing platforms.

Among the main things HIMSS does at events around the world is to hold "technical demonstrations that show providers how standards-based technologies improve healthcare." The simulation center allows the group to let users simulate whatever technology they want to demonstrate, to either virtual or actual visitors. The Technology Showcase, meanwhile, provides visibility. "It's like a showroom floor, if you will, for organizations that are just starting up." She said the hope is that visibility will lend the credibility necessary for selling to the likes of Cleveland Clinic and University Hospitals.

The new testing center opens tremendous possibilities, she argued. "This is going to drive innovation in Cleveland in a way that has never been done before. We can do a testing event year-round. It's no longer going to be once a year in Chicago. It's now going to be year-round in Cleveland, and that's exciting stuff."

More information:

Webcast from the Meeting:

Click on the image below to view the entire presentation as video.

Video Webcast from Recent Meeting
Webcasts produced by Tom Kondilas.

OVA's Video Archive is Online:

OVA is pleased to offer an archive of program videos to its website. You'll find the full video record of most OVA formal programs since 2008 at www.ohioventure.org/video-archive.html.

Upcoming Meeting Dates:

  • November 8, 2013
    LaunchHouse
     
  • January 10, 2014
    Ivan Schwarz
    President
    Greater Cleveland Film Commission

See complete details and registration for these events.
 

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