Downloaded 16 times
Uploaded byLevi Shapiro
mHealth Israel_Cleveland Clinic_Innovaiton_Tom Sudow_June 2015
The Cleveland Clinic showcases a successful model of patient-centered care and innovation, with millions of patients benefiting from groundbreaking medical advancements. It emphasizes commercialization of technologies through partnerships, incubators, and funding initiatives, which aim to enhance patient care and foster economic growth. The Global Healthcare Innovations Alliance further strengthens its mission by connecting global resources and expertise to improve healthcare outcomes.
More Related Content
Similar to mHealth Israel_Cleveland Clinic_Innovaiton_Tom Sudow_June 2015
mHealth Israel_Cleveland Clinic_Innovaiton_Tom Sudow_June 2015
- 1. “Bringing world classinnovations to market by bridging discoveries into commercial products.” Successful Commercialization – The Cleveland Clinic Story Thomas Sudow Director of Business Development
- 2. How Many Patients WereTouched Today By Innovations from the Cleveland Clinic ? • Blood Transfusion • Kidney Dialysis • Angiography • Bi-Pass Surgery From just these 4 – MILLIONS !!! Add up the rest Well over 5 Million TODAY
- 3. Since 1921 A UniqueModel of Care • Four doctors share a vision - Non-profit, physician-led group practice - Collaboration across disciplines - All physicians are salaried - Patient-centered mission FRANK E. BUNTS, MD JOHN PHILLIPS, MD GEORGE CRILE SR., MD WILLIAM E. LOWER, MD
- 4. • 5.5M PatientVisits • 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
- 5.
- 6. Cleveland Clinic LouRuvo Center for Brain Health
- 7.
- 8. Cleveland Clinic H Fairview Hospital Lakewood Hospital H LutheranHospital H Ashtabula County Medical Center H Euclid Hospital H Hillcrest Hospital H South Pointe Hospital H Marymount Hospital H Cleveland Clinic Florida H Medina Hospital H Lorain Family Health And Surgery Center FHC Elyria Family Health Center Westlake Family Health Center FHC FHC Lakewood Family Health Center FHC Strongsville Family Health and Surgery Center FHC Brunswick Family Health Center FHC Wooster Family Health Center FHC Independence Family Health Center FHC Solon Family Health Center FHC Chagrin Falls Family Health Center FHC Beachwood Family Health and Surgery Center FHC Willoughby Hills Family Health Center FHC FHC R.E. Jacobs Health Center Lou Ruvo Center for Brain Health Las Vegas, Nevada FHC Cleveland Clinic Toronto FHC S.T.J. Health Center HC Twinsburg Family Health Center FHC 6.4M Patients
- 9. Cleveland Clinic Culture "Weare considering not only our duty to the patient of today, but no less our duty to the patient of tomorrow." Quality. INNOVATION. Teamwork. Service. Integrity. Compassion. We welcome change, encourage invention and continually seek better, more efficient ways to achieve our goals. George Crile, Sr., MD Co-Founder Cleveland Clinic
- 10. Cleveland Clinic Innovations Wepromote innovation and expand treatment of the sick through the deployment of technologies developed by Cleveland Clinic and our Healthcare Innovations Alliance Partners. Through commercialization, we translate emerging diagnostics, therapies, devices, health IT and business solutions into beneficial medical products through spin-off companies, licenses and equity partnerships.
- 11. Promote Innovation via Commercialization •Bring new innovations into widespread clinical practice • Protect the intellectual property underlying the innovations • Optimize the value returned for those innovations • Grow the regional economy and beyond
- 12. Areas of Focus 1.Commercialization / technology transfer 2. Global Healthcare Innovation Alliance 3. Medical Innovation Summit 4. Centers (GCIC & NCAI)
- 13. Business Imperatives • Commercializing/translating innovationsthat provide better patient care; • Delivering exceptional inventor satisfaction through teamwork; • Optimizing financial outcomes.
- 14. Innovations Scorecard: 2014 •2,600 Patent Applications • 450 Royalty Licenses • 71 Spin-Offs • $799M in Equity Investments • $69M to Inventors • $167M in State & Federal Grants • 1,200 Jobs Created • World-Wide Recognition
- 15. Innovations Key Metrics *IDFsinclude Alliance Partners IDFsPatents 0 50 100 150 200 250 300 350 400 450 500 0 5 10 15 20 25 30 35 40 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Agreements Companies Formed Patents Filed Patents Issued IDFs AgreementsCompanies
- 16. Inventions by Type2014 Medical Device 50% Health IT 23% Therapeutics & Diagnostics 22% Delivery Solutions 5%
- 17. Portfolio Companies: 71 2000- 2003 2004- 2005 20062007 2008- 2009 2010 2011 2012 2013 2014 ART SARL CleveX Clear Catheter Solutions ATI Congruent Medical NaviGate iComet iVHR Renovo Biosciences 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 Ocular Enforcer PluronX i360Medical Cleveland Diagnostics ValveXchange OrthoMems AngioQuest Cleveland HeartLab Sivan Panacela* RelateCare BioSil, USA VioQuest 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
- 18. A Comprehensive Approach Minefor 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
- 19. Cleveland Clinic Innovations Incubators Medical Device TherapeuticHealth IT Delivery Solutions Industry & Investor Advisory Process Flow Peer Review (PRC) CCI Facilitated, Enterprise Aligned, Institute Driven
- 20. • Inventor Satisfaction •Greater Awareness of Innovation • Expanded Involvement • Improved Commercial Outcomes • Increased Transparency for Stakeholders • Access to Clinical, Technical, & Industry Experts • Enhanced Quality • Increase Value Value Proposition & Outcomes
- 21. The Global HealthcareInnovations Alliance is a collaborative network of healthcare systems, academic institutions and corporate partners around the world. The Alliance creates opportunities that benefits patients everywhere through scalable technology development and commercialization.
- 22. Partnering to RealizeOpportunities The Global Healthcare Innovations Alliance connects members with the world class commercialization services of Cleveland Clinic. bEach partner brings unique capabilities, contributing to a multilateral network.
- 23. In addition toinnovation management and commercialization, The Alliance aims to identify intersections that can combine efforts in research, clinical investigation and technology development. The value of partnering with the Alliance lies in the unique 360-degree perspective on patient care and innovation, established connections to resources throughout the healthcare and industry community, and a deep and wide-ranging commercialization capabilities and expertise. Partnering to Realize Opportunities
- 24. A World ClassModel * * *international
- 25. 2015 Medical InnovationSummit
- 26. Innovation Centers at ClevelandClinic Translating Research to Development and Commercialization
- 27. Complementary Programs • Heart,Lung, Blood, Sleep • Institution-Based Projects • Establish Proof of Concept • 1 Year Scope of Work • Project Guidance • Milestone Reviews • Grant Funding • $50K - $150K + 1:1 Match • Next Stage: SBIR, GCIC • Cardiovascular • Company-Based Projects • Early-Stage Development • 1 Year Scope of Work • Project Guidance • Milestone Reviews • Convertible Debt Funding • $300K - $500K + 2:1 Match • Next Stage: VC Financing
- 28. Global Cardiovascular Innovation Center Missionand Scope • Catalyze economic development by developing, incubating and commercializing cardiovascular technology • A consortium of university, hospital, industry, and economic development partners within Ohio • $60M grant from Ohio Third Frontier Project, 2007 • Also managing • Goals: - Job Creation: 855 at average wage of $69,500 - New Venture-Backed and Recruited Companies: 43 - Seed and Venture Capital Invested: $207M
- 29. GCIC Programs • CommercializationFunding Provide seed funding and support to new product development • Product Development Acceleration Provide product management and business planning support by industry-experienced staff • Business Attraction Bring new businesses to Ohio to grow the Cardiovascular cluster • New Company Incubation Operate and manage incubator facility for start-up companies • Preclinical Investigation Capabilities Operate state-of-art preclinical facility for sponsored research, product development, procedure training
- 30. GCIC – aSuccessful Catalyst and Magnet for New Business in Ohio • 58 Commercialization Funding Awards Granted. - $18.6M awarded for development of 48 technologies - Supporting 38 companies and 8 institution-based projects • 22 New Businesses Attracted to and Operating in Ohio. • GCIC Incubator facility supporting 30 companies. • 861 Added Ohio Jobs in Companies Funded, Attracted or Incubated by GCIC. Growing steadily as companies mature • $763 Million in Follow-on Funding, M&A Returns Secured. Growing significantly as companies secure additional later round financing As of end Q4 2014
- 31. Commercialization Success • Advancingtechnology into physician’s hands and into service to patients • Progress of 48 Technologies Funded… Development Preclinical Validation Clinical Trials Acquisition Transaction or In Market 8 12 12 8 Research4
- 32. NIH Center forAccelerated Innovations (NCAI) at Cleveland Clinic • Mission to improve how basic science advances and discoveries are translated into commercially viable products that improve patient care and advance public health. • One of three inaugural NCAI’s established. • $10M grant from NHLBI to Cleveland Clinic to establish a multi-institutional consortium of academic, clinical, government, non-profit and private sector organizations within Ohio. • Targeting technologies to improve diagnosis, treatment, management and prevention of heart, lung, blood and sleep disorders and diseases. • 7 year program to provide funding and project management for feasibility studies, regulatory, legal, and business development expertise; and entrepreneurial training and mentorship.
- 34. OHIO HEALTHCARE INNOVATION ALLIANCE WhyOhio…. Why Now? • Compelling Opportunity • Shared Challenges • Natural Relationships • Governor’s Priority • Innovation: Collaboration & Success
- 35. OHIO HEALTHCARE INNOVATION ALLIANCE •Large Scale Assessment of Innovation Capacity on the State level • Disciplined Process and Propriety Evaluation Instruments the OHIA diagnostics was conducted to: • Determine Level of Collaboration • The Existence of an Innovation Infrastructure • The Identification of a collective promising portfolio • Determine the Potential for a State-Wide Innovation Alliance that will Distinguish Ohio as an Innovation Leader
- 36. Lessons from theGlobal Innovation Alliance •Major Advantages of Collaboration •Cross-Pollination •Activate All Forms of Innovation: 5-Points of Star •Access to Resources •Leverage Scale
- 37. OHIO HEALTHCARE INNOVATIONALLIANCE Governor-Nominated Participants
- 38. “The future belongsto those who seize the opportunities created by innovation." Delos M. Cosgrove, MD CEO & President Cleveland Clinic
- 39.