Evidation Health measures patient status and health outcomes outside of inpatient settings
Interview with Steven Loeb and Bambi Francisco Deborah Kilpatrick, Co-Founder and CEO of Evidation Health, a platform that measures patient status and health outcomes outside the four walls of inpatient healthcare facilities. The company raised $ 259 million, including a Series E round of $ 153 million last month.
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Highlights from the interview:
- The problem Evidation seeks to solve is how to measure and understand health in everyday life outside of brick and mortar walls. If you could develop a scalable, connected ecosystem to do this, you could research faster, better and cheaper and generate real data on a scale that was unimaginable just a few years ago.
- This measurement ecosystem is really a people and data ecosystem. It may be the fabric of a new type of healthcare ecosystem that is wider than the measurement of health, but actually enables people to take responsibility for their health.
- Patients must consent to Evidation to access their data, but the company does not ask them to “give” their data. Rather, the company invites them to participate in programs and in return they are compensated. More importantly, people participate because they pride themselves on being part of something bigger than themselves.
- Too much emphasis has been placed on health data accuracy and relevance in recent years. If Kilpatrick had to compromise on accuracy rather than compromise on relevance, she would rather compromise on accuracy and increase the volume on relevance. If something is inconsistently inaccurate, at least that can be calibrated. When something is inconsistently relevant, that’s a big problem.
- We are in an era of relevance generation, and the only way to make sure we are producing really useful information is to involve care teams in this discussion. That’s why Evidation partnered with the American College of Cardiology in December for a curated, co-developed, personalized health program that initially focused on heart failure.
- So far, Evidation’s work has focused on creating real-world evidence and using it to measure product benefits, drug success and the associated signals. Doctors were not given access to this data because clinical trials usually don’t work that way. The next phase of the evidation will consider helping individuals provide the correct information to their doctor so that their care is more tailored to them.
- Evidation has recently expanded into “virtual health”. The company intends to integrate with telemedicine providers to integrate the nursing paths. The new era of evidation will fuel the expansion of virtual health programs and provide tools for people to take action to manage their health, in collaboration with their care team.
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