How Microsoft (and Startups) Can Make Money in Health IT, Personalized Medicine Is a “Crock,” and Other Highlights from the Xconomy Forum

what motivates people—patient outcomes is a powerful incentive for doctors.” (Foltz also noted that if certain data-heavy records, such as brain images, come from a hospital outside the Swedish system, he can’t access them. He made it sound like anyone with a secure, high-bandwidth network for transferring those images would be onto something valuable.)

Kabir Shahani, CEO and co-founder of Seattle-based Appature:

“It’s about building the right workflow around the doctor’s day. How do I streamline all that information that’s coming in? For big companies, how do you get the right message to Dr. Foltz?” Shahani said, referring to all the marketing information on drugs and devices that bombards physicians and healthcare providers.

He talked about “an explosion of commercial and clinical data. There’s a bunch of commercial activity around the data. It’s a business, it’s a transaction between a company and a physician or a nurse. That transaction is changing dramatically. For every dollar they spend on [Appature’s marketing] technology, they’re getting five dollars back… Doctors are really focusing on ‘which app will give me the most insight in one hour a month?’”

Carla Corkern, CEO of Talyst in Bellevue, WA:

“Talyst has been putting [pharmacy] inventory management systems in hospitals for eight years,” Corkern said. On the adoption of new IT systems, she said, “Nurses tend to be willing to change before the physicians…You have to convince healthcare providers that it’s about patient safety.”

In response to Luke’s question about a good startup idea that the panelists weren’t working on yet, Corkern suggested devices for monitoring people’s health from their home. This device, and software, could arm the patient with lots of data he or she could gather at home and share with their physician for advice. There is still an opportunity for a “killer hardware device” for this home health monitoring, Corkern said. (Like the iPad perhaps? Maybe not.) And panel moderator Rob Arnold, president of Seattle-based Geospiza, talked about moving beyond genomic software for basic researchers into “clinical applications around genetic information” that doctors could use in patient care “that are deeply pragmatic.”

Malcolm Costello, senior vice president at Kryptiq, based in the Portland, OR, area:

“Your dog has a better chance of having an electronic health record than you do,” he said (perhaps my favorite comment of the day; maybe it was because of his Birmingham-area English accent). Pointing out that you can set up a grave plot and inscribe your tombstone on the Web, he said, “It’s easier to die online than it is to live online.”

Kryptiq applies the simple principles of e-mail to healthcare, he said—things like secure and private communications between doctors, or doctors and patients, that “fit with the workflow of a physician’s practice.” Costello said, “We’re the first company in the U.S. to combine

Author: Gregory T. Huang

Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003. Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.