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S9: #084: Niko Skievaski on Key Market Failures and Opportunities for Novel Health Software Solutions

How better development resources and new business models can enable 'bring-your-own-app' solutions
April 4, 2019
S9: #084: Niko Skievaski on Key Market Failures and Opportunities for Novel Health Software Solutions
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How can better development resources and new business models enable ‘bring-your-own-app’ solutions?

Application Programming Interfaces. APIs. We hear a lot about them and their use is really taking off in healthcare. Providers want to use them to become more efficient and provide better connectivity across their enterprise. Patients are also demanding the same modern technology, user experiences and access to health information that we’ve come to expect in nearly every other user-facing industry.

Despite the focus and investment in digital transformation in healthcare, there still is a lack of shared infrastructure across the industry. When health systems adopt new technologies, interoperability isn’t simply a nice to have, it’s a requirement! But what does interoperability mean anyway? And how can it be achieved without having to start from scratch and repeat the same integrations when thousands of other companies are working to achieve similar results?

To maximize efficiency and address market failings in the health software industry, we need broad adoption of open tools and standards to integrate software from apps to the enterprise. With me to talk about it is Niko Skievaski, the cofounder and president of Redox. Niko has a background in economics and in 2014 he co-founded Redox – a health technology company that accelerates development and distribution of healthcare software solutions to securely and efficiently exchange data. They’ve partnered with 500 digital health vendors who use the Redox Engine platform to interoperate with nearly 450 healthcare delivery organizations using about 40 different legacy EHR vendors. They also throw one heck of a great taco party – if you’re going to any of the major conferences like JP Morgan, HIMSS, SXSW – then be sure to join them!

Today’s Topics:

  • Key market failures for software businesses and solutions in healthcare
  • How new approaches for integration can lower costs, shorten sales cycles and increase sales
  • How new procurement models, used by collaboration companies like Slack, can increase the rate of adoption in healthcare
  • Understanding the challenges of interoperability and why it remains a contentious area in digital health

Links and Resources Mentioned:

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