Chicago is a hotbed of innovation in the healthcare industry, yet many healthcare startups lack access to investment capital at the seed stage. This intersection of healthcare and impact investing was the focus of the Investing in Better Health Panel & Showcase on Thursday, October 6th. Impact Engine co-hosted the discussion with MATTER and Furthur Fund, bringing together members of the healthcare and impact investing communities for an afternoon of discussion and demonstration.
The event began with remarks from Steve Collens, CEO of MATTER, and a panel over lunch with Jessica Droste Yagan (CEO, Impact Engine), Tasha Seitz (CIO, Impact Engine), Jordan Dolin (Co-Founder, Emmi Solutions), and David Cohn (CEO, Regroup Therapy). The panel focused on trends in healthcare and impact investing, and strategies for making a great return on investment while improving the healthcare system. Below are key takeaways from the panel.
Macro Trends in Healthcare
Jordan began by giving an overview of the macro-level trends seen in today’s healthcare industry. Money is a big motivator and a growing trend has been the transition from fee-for-service models to fee-for-value service models. The US healthcare system is globally ranked as one of the most expensive service models, spending nearly $10,000/person each year. And yet the system still suffers from the “Innovation Gap”, which means there is a growing need for fast, quality care and a large market, yet an increasing number of barriers to innovation. The system struggles to balance making money and creating a product that fixes modern issues at a reasonable cost.
Macro Trends in Impact Investing
Impact investing is a fast-growing practice in Chicago and beyond. Investors want to align their […]