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Innovating Healthcare: Exchanging World-Class Solutions
April 8, 2015
Gary Fingerhut
Executive Director, CC Innovations
Key Take-Aways
• Cleveland Clinic Innovations
• Evolving Healthcare Landscape
• Innovating Healthcare: Exchanging
World-Class Solutions
Cleveland Clinic Innovations
Cleveland Clinic Empathy Video
Cleveland Clinic
• 5.5 M Patient Visits
• 43,430 Employee Caregivers
• 27 Institutes Providing Care in
120 Subspecialties
• Locations
• Main Campus
• 8 Community Hospitals
• 16 Family Health Centers in NE Ohio
• Facilities in Florida, Nevada, Toronto & Abu Dhabi
• EMR Leader – My Chart
• Top 4 Hospital by U.S. News & World Report
Cleveland Clinic Culture
"We are considering not only our duty to the patient of today, but
no less our duty to the patient of tomorrow."
-George Crile, Sr., MD, co-founder, Cleveland Clinic
Quality. Innovation. Teamwork.
Service. Integrity. Compassion.
We welcome change, encourage invention and continually
seek better, more efficient ways to achieve our goals.
Areas of Focus
• Commercialization & Tech Transfer
• Global Healthcare Innovations Alliance
• Medical Innovation Summit
• Centers [GCIC & NCAI-CC]
Cleveland Clinic Innovations
Business Imperatives
• Translating innovations that provide
better patient care
• Delivering exceptional inventor
satisfaction
• Optimizing financial outcomes
A Comprehensive Approach
Mine for ideas with clinically aligned Institute Innovation Managers
Engage clinical and technical inventor peers to evaluate need
Assess the commercial viability and build a business case
Develop within a domain specific incubator for enhancement, then market
Manage negotiations to create spin-offs, licenses and equity partnerships
Take idea through translation to improve patient care
So How Do I INVENT?
** *
A 2015 Medical Innovation Summit
Innovation Centers at
Cleveland Clinic
Translating Research to Development
and Commercialization
• 2,600 Patent Applications
• 450 Royalty Licenses
• 71 Spin-Offs
• $799M in Equity Investments
• $69M to Inventors
• $167M in State Grants
• 1,200 Jobs Created
• World-Wide Recognition
Innovations Scorecard
Healthcare Environment
Inflection
Point
Eco
no
mic
s
Inventions by Type 2014
Medical Device50%
Health IT23%
Therapeutics & Diagnostics
22%
Delivery Solutions
5%
Portfolio Companies: 712000-
2003
2004-
20052006 2007
2008-
20092010 2011 2012 2013 2014
ART SARL CleveX Clear Catheter Solutions
ATI Congruent
Medical
NaviGate iComet iVHR RenovoBiosciences
Adeo
AxioMed IntElect Tolera CardioNomic OptoQuest Image IQ Custom Arthroplasty
Solutions
FlexLife
Health
Shield Biotech
Centerline Medical
CardioMEMS Merlot Revasc Cleveland Heart
Perfusion Solutions
SironRX Custom
Ortho
Solutions
Infuseon Jace Medical
VBT
Cleveland
BioLabs
CSF Therapeutics
Alios
Biopharma
Navis Renovo
Neural
YouDocs
Beauty
Enspire
DBS
Ion-VAC Cancer Genetics
Emanate Wireless
Peritec PrognostiX Juventas Clear
Catheter
Systems
Buckeye
OcularEnforcer PluronX i360Medical Cleveland
Diagnostics
ValveXchange OrthoMems AngioQuest Cleveland HeartLab
Sivan Panacela* RelateCare
BioSil,
USAVioQuest Explorys Incuron* Rindex Talis
Z-Kat Zin
Medical
Intellis I-Lyte IPPC
Ridgeway Simbionix Clear
Ventric
Esperion
Therapeutics Non-operatingDeviceDiagnosticsHIT Services
Monetized
Dissolved*CBLI Spin-off
“The future belongs to those who seize the
opportunities created by innovation."
Delos M. Cosgrove, MD
CEO & President
Cleveland Clinic
Accessed through Cleveland Clinic’s Innovations
Incubators, ADEO is a premier Digital Center of
Excellence (DCoE) allowing the inventions of Global
Healthcare Innovations Alliance Partners to be developed
into products that are commercialized to a global market.
Offerings:
• App Accelerator - People, process and platform technology that
provides a structured end-to-end lifecycle for ideation, prototype,
development, implementation, through commercialization.
• Marketplace – e-Commerce marketplace that provides a suite of
administrative and clinical solutions developed by the researchers,
physicians and administrators from Cleveland Clinic and participating
members of the Alliance network.
VALUE OUTCOMES
GOALS
MISSION
Optimized Portfolio
Improve
FocusMinimize
Risk
Reduce
Time to
Market
Sustain
Results
Inspire, streamline and
accelerate solution delivery and
commercialization to serve
the mission and objectives of the
Global Healthcare Innovations Alliance.
HIT INNOVATION AREAS: Health Information Management • Patient Engagement • Provider Engagement • Medical Device (IoT) • Mobile Medical Apps • Population Health Management • Administration Services
Re-used Assets
Applied Best Practices
Accelerated Development
Adopted Standards
Enforced Compliance
Applied Market Insights
Measured KPIs
Developed SMEs
Centralized PLM
Leveraged Partnerships
Identified Synergies
Refined Marketability
Expedited Filtering &
Validation
Digital Center
of Excellence
Certified QualityDelivered Outcomes
Blueprint
ADEO – App Accelerator
App Accelerator
Product
Development
Enablers
R
E
U
S
E
H
A
R
V
E
S
T
Regulatory
Compliance
Design &
Components
Stakeholder
Engagement
Valuation &
Metrics
Visual
Prototyping
Proof of
Concept
Effort
EstimationBusiness
Valuation
INVENTION PORTFOLIO
Why the ADEO Marketplace?
• Additional Commercialization Channel
– Hosted Products
– Non-Exclusive IP
• Short Time to Market
• Transaction Convenience
• Lead Generator
• Customer Satisfaction
• Cross Selling Opportunities
• Increased Market Exposure
ADEO Marketplace
Product Categories
Desktop
• Products that can be purchased and used on a desktop (Windows or Mac)
Mobile
• mHealth applications that can be used on Apple (iOS) or Google (Android) devices.
Configurable
• Desktop or Cloud (web-based) solutions that require integration with EMRs or other HIS.
Services & Toolkits
• Healthcare best practice and implementation services.
Portfolio Highlights: Health IT
Advanced visualization and
documentation improvement
of the EMR
Phase I: 18 month project to
develop and deliver for CC
Phase II: Commercial launch
planned in 2015
2011
Awarded GCIC Grant
$500k
2012
$5M Seed Funding
8 FTEs
2013
Phase I – Cleveland Clinic
Implementation
16 FTEs
2015
Phase II – Commercial
Launch
2008
Disclosed
iVHR
Integrated concussion
management
10,000 athlete
assessments
across 70 organizations
2012
Newco Formed,
CC Seed Investment
2013
Clinical Validation,
Distribution Channel Enabled
2010
Disclosed
iComet
2014
Apple Co-Marketing
Anesthesia data
management and
decision support
Deployed in over 300
operating rooms
across 20 hospitals
2012
Newco Formed,
CC Seed Investment
2013
$3.3M Series A
12FTEs
2011
Disclosed
Talis Clinical
2014
Partners w/ Microsoft
2015
Expansion into ICU
Advanced Cognitive
Computing
Support Clinical
Documentation with
Evidence Based
Guidance
2012
Joint Development
Agreement
2013
Prototype Demonstration
IBM Watson
2014 2015
Clinical Validation Commercial Release
innovations.clevelandclinic.org
@Gary_Fingerhut
@CCInnovations
@on_adeo