Venture Capital General Catalyst's health partnerships expand into Israel
Venture giant General Catalyst, the backer behind companies like Warby Parker and Airbnb, is growing the slate of partner health systems who pilot and use technology developed by its portfolio companies. Sheba Medical Center is the first Israeli partner to join the 15 health systems GC already works with, including HCA, Jefferson, Intermountain, and more.
They're all part of what GC calls its "health assurance ecosystem," which it plans to grow further by adding payers and potentially pharma companies, GC's Daryl Tol, who heads that division, told STAT's Mohana Ravindranath. Formal partnerships with these outside groups helps GC bridge the gap between the conservative, regulated pace of traditional health care and the venture and startup world, which is "adhoc, fast moving, not always nearly as systematic," he said.
The goal is not only to potentially embed U.S. technology at Sheba, but also tap into products emerging from Israeli startups. "The more we create a global capability, a global economy that can smooth over [cultural and regulatory] differences the more successful those startup companies can be," he said.
Medical Devices
Proposal to keep better track of medical devices fails
A panel of experts that advises the federal government voted not to recommend a series of updates to Medicare claims forms, including a proposal that would have added medical device identifiers to the paper trail. These unique ID numbers are attached to all medical devices, but are rarely added to health records, making it harder to recall faulty products.
As STAT's Lizzy Lawrence writes, Medicare claims forms have not been updated since 2009, and the National Committee on Vital and Health Statistics voted not to push forward with revisions now owing to technical hurdles. The Centers for Medicare and Medicaid Services has been complaining about the difficulty of adding identifiers since at least 2015.
"It's a setback in patient safety and surveillance," said Sanket Dhruva, a device safety expert and cardiologist at the University of California, San Francisco. "It will leave us with an insufficient regulatory system for identifying unsafe devices and performing comparative evaluations."
Read more here.
No comments