JOINT TECHNOLOGY VETTING
In this cluster, Member created a comprehensive, standardized process for engaging and vetting startups. They then tested this new process while evaluating early-stage adherence companies.
This work was done in response to the challenges that large healthcare stakeholders face when it comes to finding and adopting early stage technology. With an explosion of health tech startups and an increasing need for high-quality external vendors, large stakeholders struggle to develop successful partnerships. Members spend significant time, money, and political capital while sourcing and vetting early stage companies, only to see a mediocre (or poor) return on investment.
These partners tackled the question, "With over 10,000 health tech startups and 60 accelerators, how can large orgs filter the noise?”
By crowdsourcing input from multiple perspectives (payor, pharma, provider), Members created comprehensive profiles of emerging tech companies that could be used as means of evaluation. This repeatable, standardized process proved to be key for future internal use. Members also received a health technology landscape analysis put together by Junto and had opportunities to attend curated meetings with vetted startups.
At the end of the cluster, key takeaways for participants were:
- Improved quality of due diligence results through peer-to- peer knowledge sharing and joint review of startups
- Templates and guides for continued sourcing and vetting
- A robust list of quality adherence technology ventures discovered via landscape analysis