The Andreessen Horowitz Bio + Health Foundation announced a new strategic partnership this week to provide upstate New York health systems with digital health technologies to help address uptake by patient populations challenge.
Why it matters
Partnership aims to enhance patient experience and ensure financial sustainability and positioning Bassett Healthcare for long-term growth.
The health network will leverage healthcare technology financially supported by a16z Bio + Health, as well as enterprise technology innovation, consumer services and other related areas. The company will also work with Bassett Healthcare to identify emerging areas of unmet need in the network that could benefit from technology-enabled solutions.
“Health systems serving rural communities face challenges different from those at Bassett Healthcare Network President and CEO Dr. Tommy Ibrahim said in the announcement:
“The partnership with a16z will significantly improve our access to the most innovative digital health technologies and, more broadly, allow us to collectively truly understand how rural health systems can implement effective, scalable technology to support improved patient health solutions,” he said.
The a16z Bio + Health portfolio includes teams seeking solutions to improve healthcare systems wherever care is delivered, funded from seed through growth
“Our mission at a16z Bio + Health is to partner with entrepreneurs who are committed to improving the sustainability of the healthcare ecosystem,” said Julie Yoo, the firm’s general partner.
Multiple collaborations in automation, clinical AI, and home health are already underway.
“In support of the technology we are working to achieve Rural health care systems are likely to gain more than all other systems in the ongoing transition into the future of the economy,” he said.
Improving rural health is not just about increasing access to care, it is critical for specialties like stroke or cardiology, Teladoc Health Senior Vice President Hospitals and Health Systems Medical Director Shayan Vyas said.
and subspecialists, patients may not be able to see otherwise, at least not in time,” he told Healthcare IT News
The life expectancy gap between the rural US population of over 60 million and the urban US population began in the 1990s. This creates disparities and health inequities, said Lynn Barr, chief innovation officer at Caravan Health and Signify Health, in a discussion about the future of rural healthcare. RECORD
“This partnership with a16z and its portfolio companies opens the door for Bassett to not only better serve our patients , but also create a framework and infrastructure to help build healthy rural communities across the country,” Paul Uhrig, Bassett Healthcare Network’s chief legal and digital health officer, said in the announcement.
Andrea Fox is Senior Editor for Healthcare IT News. Email: [email protected]
Healthcare IT News is a HIMSS publication.