"How did we live without this?" According to Sutter Health Chief Clinical Innovation Officer Dr. Richard Milani, this perspective should be our ultimate goal for AI adoption in healthcare. We recently co-hosted an inspiring event with Sutter senior executives and entrepreneurs at the forefront of AI, underscoring the importance of close collaboration between large healthcare organizations and founders to turn AI's initial promises into reality. We've included the link in the comments for anyone curious about the event's takeaways, including: *What the future health system could look like in five years *How Sutter is thinking about where AI can augment clinical decision-making *What every healthcare startup selling AI solutions to organizations like Sutter needs to consider. Thanks to the Sutter for your ongoing partnership with Define, including Chris Waugh, Kiran Mysore, and Rahul Joglekar; as well as Randy Womack, Suchi Saria, and Mark Michalski for your thoughtful insights from the entrepreneur perspective.
Define Ventures
Venture Capital and Private Equity Principals
San Francisco, CA 5,030 followers
Define Ventures is one of the largest funds exclusively focused on early-stage digital health companies
About us
Define Ventures is one of the largest funds exclusively focused on early-stage digital health companies with $800 million in assets under management. We’re a high-conviction team that invests in companies at the incubation, seed, Series A, and Series B stages. Define Ventures was founded on a simple belief: the future of healthcare will be defined by those who bring together a deep understanding of the healthcare ecosystem paired with a technology-driven mindset. Our thoughtfully curated team brings together investors and founders who have built category-defining companies in this vision, collectively delivering $22 billion in exit value, including Livongo (LVGO), Evolent (NYSE: EVH), and Hims & Hers (NYSE: HIMS). Our proven track record in scaling enterprise, value-based care, and direct-to-consumer companies provides our founders with a competitive edge to bring their visions to life.
- Website
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https://definevc.com
External link for Define Ventures
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 2-10 employees
- Headquarters
- San Francisco, CA
- Type
- Privately Held
- Founded
- 2019
Locations
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San Francisco, CA 94114, US
Employees at Define Ventures
Updates
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Getting seniors enrolled into the right Medicare plan is typically an inefficient process that many older patients find confusing and frustrating, spending hours on the phone with human call center agents. ...that's where Fair Square comes in. Read more about how our partner company is building the next generation of software solutions for Medicare companies in the comments.
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What's top of mind for our Managing Partner Lynne Chou O'Keefe? The opportunity on improving workflows, necessary board alignment with our fluid market, and the focus on differentiation and creating strong moats. Just to name a few! Thanks to Chitra Nawbatt for thinking of Define for this episode of The Beat!
Investor | Business Development & Ecosystem Builder | Entrepreneur | Growth, CEO & Board Advisor | Media & Content Creator
Terrific session with Lynne Chou O'Keefe, Define Ventures, Managing Partner! She says startups need to have real differentiation such as with data velocity and uniqueness, where the data creates a real moat. Key highlights: - Define Ventures is one of the largest early stage investors in tech enabled services and enterprise software - Be empathetic to the founder journey, which is something that resonates strongly with Lynne as she is a founder herself - Next 48 months will be very fluid, dynamic and dramatic in health tech - Important to be a war time CEO; founders have to make tough decisions on how to scale and grow profitably - Board alignment with founders on strategy and how see world changing in next 48 months are critical - Investment opportunities in consumer gateways such as hims & hers, FOLX Health, Found; tech enabled services; enterprise software that provides foundation and plumbing for data analytics in healthcare - Investment opportunities also in making clinicians more efficient, beyond scribing, but in all workflows - Startups need to have real differentiation such as with data velocity and uniqueness, where the data creates a real moat. Large language models (LLMs) are not enough. We have foundational technology that makes it easy to code. Differentiation around data, trust, safety, accuracy are important. Link to episode https://lnkd.in/eCHm-RsN. Thank you for tuning into The Beat! #health #healthcare #wellness #ceo #leadership #innovation #technology #digital #business #data #ai #artificialintelligence #investment #venturecapital #privateequity #founders #startups #money #entrepreneur #grateful #service #codebreakermindset #media #podcast
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Founders & CEOs — what are your tried-and-tested strategies to prep your board and make the most out of meetings? Board members — what are some of your top tips to founders & CEOs?
Let's be real - there’s a whole lot of variation when it comes to board meetings: how much they clarify strategies and get everyone on the same page, whether the focus should be on reporting out, brainstorming or something in between, how often and for how long boards should meet, etc. We’re lucky to have such an experienced and engaged board (led by the incomparable A.G. Breitenstein) - but they’re busy and I always want to make the most of their time. Here's a peek into our approach to maximizing collaboration and efficiency: 📄 We send the board deck 1 week in advance via Google Drive. This allows board members to comment and ask questions directly within the document, fostering more dynamic and real-time discussions. Some founders don’t send the document ahead of time; others will do so weeks ahead. We’ve found that one week is our sweet spot. 📝 Our deck always starts with a quick overview of what's going well, as well as what we're keeping an eye on and what's not going well. Transparency and clarity are key. If something isn’t going as expected, it’s also an opportunity to ask for assistance from the board and troubleshoot in real-time. 🤝 We focus our time together on strategic discussions where the board's experience can be most helpful. We're committed to leveraging our board's expertise to drive meaningful impact, not having them sit there while we share our updates. We’ve also occasionally tapped on specific people’s shoulders to ask for a valuable introduction, or support with an area of the business where they’re an expert (marketing, recruiting, the business model and so forth). As I’m prepping for our next meeting, I’d love to know: What are your tried-and-tested strategies to prep your board and make the most out of meetings? And if you’re a board-member, what are some of your tips to founders? H/T to Matt Cooper from whom I learned much of this! As a first time CEO, it’s so important to have people in your corner and I’m endlessly grateful to him and the rest of my tribe.
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No, it's not just you. Company leaders across all industries are struggling to navigate current events in the workplace and whether to take a stand. The health tech industry is no exception. With so much going on in the world, it's common for employees to have strong emotional or political reactions they feel compelled to bring to work. Our head of people Karsten Vagner compiled his best practices from his time at Maven Clinic and Zocdoc on how to manage the issues of the day objectively and consistently. Check out the link in comments to understand how to ground your decision-making in your mission, values, and commercial interest. Just as importantly, how to move fast — and with care — for your team.
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No rest for the Define Ventures team. HSBC Innovation Banking released its H1 Venture Healthcare Report and we’re proud to be recognized as one of the most active investors. Our position as one of the largest funds focused on early-stage health tech companies lends well to the optimism we're seeing across the ecosystem as investments pick back up and the market stabilizes. Read the full report in the comment section.
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Many health systems have established programs for clinical advancement, but there's a significant gap when it comes to developing the next generation of nurse managers. Investing in the leadership development of nurses is not just beneficial—it's essential. By nurturing nurses into leadership roles, healthcare organizations can save time and money, leveraging their existing pool of talented team members. This approach enhances overall culture and employee experience, making these organizations more attractive to top talent. Our partner company Laudio compiled the "practical guide" for developing the next generation of nurse leaders for MedCity News, see the link in the comments.
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"Reducing total costs doesn’t have to come at the expense of delivering high-quality care at scale." Our partner company Story Health is teaming up with Guidehealth to help health systems provide more patient-centered cardiology care for patients and ongoing support between visits. Head to the comment section to learn more about this new model of direct specialty care in FierceHealth.
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Keep Cohere Health on your radar. Our partner company was just featured in TechCrunch's short list of the most promising digital health startups. Cohere Health leverages AI to transform the prior authorization process, enabling faster and better clinical outcomes while decreasing administrative burden.
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Congrats are in order for our partner company DexCare, which recently welcomed Tampa General Hospital, Texas Health Resources, & Community Health Network as strategic investors. Dexcare's care orchestration platform enables health systems to serve more patients with the same clinical resource. Community Health Network, for example, reported a 300% increase in virtual care capacity after partnering with DexCare as well as a 46% increase in daily and retail visits. Patient loyalty also jumped 50%.
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