When Warren Buffett, Jeff Bezos, and Jamie Dimon get together, they have interesting conversations. When they make a public announcement about what they’ve discussed, the world takes notice. Their recent announcement of an intent to tackle the high cost of healthcare in this country, “free from profit-making incentives and constraints,” certainly got the attention of everyone from Wall Street to health system boardrooms. But cutting through the hype, what did they actually say?

There is a moment in the delivery of health care that is almost magical.

 
Last week, the ball dropped, a new year dawned, and we smooched our lovers. I woke up the next morning with the breath of a new year and decided to take a look back over our Redox journey to reflect on where we've been and share where we're headed. Surprisingly, our startup journey has closely aligned with the Gregorian year marker. I guess that's the psychology of the new-year's-reset we all give ourselves. Review. Exhale. Restart.

For those of you following our journey these past few years, you might be wondering how the recently announced partnership with Brigham Health fits into our developer-first approach to interoperability. I want to spend a few minutes to share where this journey has taken us and how this developing strategy fits into our vision for the future of health tech.

Redox is committed to helping make the world of digital health work, both for the companies creating the solutions as well as their health system partners.

Today we announced an investment from the Intermountain Healthcare Innovation Fund. This is a follow-on to our Series B from January and a final close to the round.

The cost of healthcare has been steadily rising for the past decade. By any actuarial analysis, we’re at the dawn of a financial meltdown as the Baby Boomers reach that ripe age where their healthcare expenditures begin to soar.

Building apps in healthcare is different from developing them in other industries. From the reasons we do it to how we develop and get them in the hands of users, creating technology in healthcare is its own complicated beast.

Here are three reasons why healthcare technology is so different from other industries.

I had the pleasure of trying to fit in on a panel of health tech experts this week at the Digital Medtech Conference in San Francisco. The topic: Preparing for a Successful Digital Health Pilot. The panel was moderated by Tamara StClaire (former CIO of Xerox) and included Alexander Grunewald (Healthcare Innovation at J&J), Cory Kid (Founder of Catalia), and, for some reason, they invited me too. 

This morning, CommonWell Health Alliance announced that it would partner with Redox and other CommonWell members to build new application programming interfaces (APIs) to expand the services of its network and increase value for patients and caregivers. Our part in this equation comes in a few different flavors.

Redox has been on this interoperability journey for a few years now. Today, we announced that we closed our Series B round led by our new partners at RRE Ventures. Raising outside capital forces an organization to convey a vision for the way the world should be and show considerable progress towards making that vision a reality. I’d like to share a bit of that vision and progress here today.

I'm turning 30 this year, in a few weeks actually. Last night, my wife and I reflected on the past year and where we want the next to go. I told her that I feel like I'm strapped to a rocket ship with my best friends, and even when I come back to earth to be with her and our newborn, my head is sometimes still in the clouds. It's a jostling juxtaposition that I guess I need to grow into.