Women’s Health Investment: Top Trends, Issues, and Opportunities (2022)

Women’s Health Investment: Top Trends, Issues, and Opportunities (2022)

Women’s health is finally starting to get more attention from innovators and investors—but there’s still a long way to go. As a female-founded company, we’ve long been focused on the urgent needs in this area. After speaking with numerous women’s health investors, innovators, and advocates at the Current State of Women’s Health Roundtable (sponsored by Goodwin’s Women’s Health+Wellness practice) and within our own network, we’re encouraged by the small wins, but know there are large opportunities and challenges that still need to be addressed.  Here are some key takeaways. 

Women’s health is for life—not just for reproduction.

An article by our webinar moderator Chrissy Farr, principal at OMERS Ventures, points out that a woman’s reproductive years make up only about 30 of a typical 80-year lifespan—yet that’s where most investment tends to focus. 

Farr and other webinar panelists emphasized that there are big unmet health needs all through a woman’s life, and that innovators and investors who take a broader, more holistic view of women’s health will find many more opportunities to make a difference. Yet in the first nine months of 2021, only about 7 percent of venture funding in digital health was directed to women’s health.

Investors and innovators should look for the “white space.”

This phrase came up often during the Goodwin Roundtable; it refers to areas that have traditionally been underfunded but which offer major possibilities for improving health and meeting market needs. 

Menopause care is one “white space” that is ripe for disruption. There are 50-some different symptoms that women may experience, which means that there are many entry points for improving care. Other major areas of unmet need include behavioral health, osteoporosis, endometriosis, and cardiac health. 

Early detection of ovarian and uterine cancers is another white space; many of the companies focused on early cancer detection (e.g. Grail, Exact Sciences, Guardant) focus primarily on colon cancer. Women’s health needs its own early detection solutions. 

To pitch women’s health to investors, focus on normalization and storytelling. 

On normalization: It’s natural for investors to relate most easily to innovations that address issues that they’ve experienced personally—which can be problematic when most investors are men. (And unfortunately, that remains the case: Last year, only 2 percent of venture funding went to female-founded companies, the lowest amount since 2016.)

Successful founders find ways to make women’s health issues relevant to men. “Even if men can’t relate to a particular health issue personally, surely they know that it affects them by way of the women in their lives,” said Kaitlin Christine, founder and CEO of Gabbi. 

On storytelling: Showing how a solution can affect individual lives is important, but so are numbers:  Emphasizing the market potential in areas that an investor may not be familiar with can break through a sense of indifference or irrelevance, said Marina Pavlovic Rivas, founder and CEO of Eli Health. 

Involve clinicians early and often 

As in other areas of digital health, it can be challenging to introduce a new women’s health technology into a clinical environment. “It’s step by step,” said Pavlovic Rivas, of Eli Health. “If it’s not on the market, you need to validate that there is an unmet need. Then involve clinicians in evidence generation for the technology, and for application of the technology into the environment where it will be used. And you need to do that work pre-market.”

Remember that women’s health affects everyone.

“I think we are on the cusp of a transition to a broader recognition that women’s health issues are human health issues and affect all of us.” – Paxton Maeder-York, founder and CEO of Alife Health. 

Mona Schreiber

Mona Schreiber, VP of Marketing, MDisrupt

Mona is a marketing leader with over 15 years b2b experience developing new healthcare markets. Prior to joining MDisrupt, she was an early marketing lead at Invitae Inc, where she helped scale the company from small startup to market leader in the nascent genetic testing industry. She brings with her a deep understanding of global markets from her international marketing work at Invitae and Affymetrix.

At MDisrupt we believe that the most impactful health products should make it market quickly. We do this by uniting digital health companies with experts from the healthcare industry to help them accelerate their time to market responsibly.

Our expert consultants span the healthcare continuum and can assist with all stages of health product development: This includes regulatory, clinical studies and evidence generation, payor strategies, commercialization, and channel strategies. If you are building a health product, talk to us.

6 Big Themes from HLTH 2021

6 Big Themes from HLTH 2021

Mona Schreiber

Our team chose HLTH 2021 as our first conference to attend since the pandemic began. It was a fantastic experience—here are 6 big takeaways.

Practicing clinicians need to be here

What’s the easiest way to get a digital health solution adopted into clinical practice? Solve a real challenge, integrate seamlessly into the clinical workflow, and enhance both patient and clinician experience (we’re taking “Do no patient harm” as a given). This might sound like a lot to strive for, but all these elements are essential. We noticed that the majority of panels and conversations at HLTH were among entrepreneurs and CXOs. While medical expertise was showcased, we didn’t hear from many practicing clinicians who see patients day in and day out about their perspectives on these trends and solutions. We at MDisrupt know that involving clinicians early and often in your healthcare solution yields better and faster adoption. So let’s stop discussing healthcare in silos and make sure all stakeholders have a seat at the table and a voice in the process of digital health development. We’re all united in addressing the same challenges.

Health equity is on everyone’s mind

New health care delivery models like telemedicine are here to stay—entrepreneurs at HLTH made that very clear. Many top payers have even announced virtual-care-specific plans to be launching soon. That’s great for those with reliable internet connection who know how to use technology. But conversations among entrepreneurs and payers revolved around how to reach those who haven’t been reached yet, to enable a more inclusive experience. This included discussions on payment models beyond self-pay and  ways to reduce barriers to health literacy based on socio-economic background. From our perspective, the conversations around health equity are important—but now it’s time to move beyond conversation and into action. 

Implementing available solutions into the current system is hard

Right now, consumers have access to a plethora of digital health solutions. But there’s a huge gap between what consumers can access and what actually gets used and is clinically useful in the healthcare setting. Furthermore, the consumer/patient experience becomes very disjointed once they bring digital health solutions to healthcare providers with no knowledge or experience of these solutions. Often the potential health outcomes and the ROI of the solution are not clear. The current solution for this is that the big players in healthcare like to test solutions with ‘Pilots” However the term “death by pilot” was heard a lot during HLTH. Our favorite quote came from Chrissy Farr’s interview with Alan Lotvin MD, who is EVP of CVS Health; he said, “Big companies in healthcare like to torture small companies.”

Payers, providers, health systems, and employers all agree that we need a better system of vetting evidence based digital health solutions. How do we solve this? At MDisrupt, we believe that missing from our industry is a unified standards system for digital health to assess the real-world clinical performance of these products. We intend to focus on this monumental challenge over the next few years.

Healthcare’s tech shift was super-accelerated by the pandemic

This was the first conference we’ve attended where a testing protocol was implemented at the conference. Every single person who attended had to be tested. And we have to credit HLTH, as the process was relatively fast and efficient. Deployment happened through an app, human guides helped us through the process, and an onsite testing system delivered results to us in 20 minutes via our apps. This is a demonstration of just how far we have come in digital health in just two years. It showed us that we can bring lab testing closer to the consumer at scale, we can make it more efficient and more convenient, we can take care of people where they live and where they work. Now that we know it can be done, imagine if this could be applied to all areas of healthcare!

Mental health is no longer an afterthought

The pandemic changed the way we think and talk about mental health. Treatment and services for conditions that were once stigmatized, with care available primarily for severe cases, are now becoming part of the norm. . Leaders in mental and behavioral health came together at HLTH to discuss improving delivery models, like telemedicine; integrating mental health practices into a complete healthcare plan, and, best of all,making these changes mainstream. There’s still a long way to go in reaching the masses, but it was clear that technology can make it happen.

The need for human connection is so real

As we registered for HLTH, we were asked to choose a wristband that signaled how you wanted to be greeted:

  • Green bands signaled that you were ok with hugs and handshakes
  • Yellow bands signaled that you preferred fist elbow bumps
  • Red bands signaled a no touch-greeting.

By the end of the first day, the basket of green bands was completely empty, with the majority of us selecting them. After two grueling pandemic years—in which many of us have been in lockdown and seen the suffering and loss of many people close to us—it was clear how much we all needed human contact. There was a lot of welcome hugging and handshaking as folks who hadn’t seen each other for over two years reconnected. The unspoken feeling between us was that we are all in this together, and that we are the changemakers for a better future.

To quote this year’s HLTH motto: ”Dear Future, we are coming for you.”

If you want to dive into more interesting topics related to healthcare, check out our blog at MDisrupt.

At MDisrupt, we believe that the most impactful health products should make it market quickly. We connect digital health innovators to the healthcare industry experts and scientists they need to responsibly accelerate product development, commercialization, adoption, and scale.

Our experts span the healthcare continuum and can assist with all stages of health product development: This includes regulatory, clinical studies and evidence generation, payor strategies, commercialization, and channel strategies. If you are building a health product, talk to us.

Why No Digital Health CEO Should Miss HLTH

Why No Digital Health CEO Should Miss HLTH

Mona Schreiber

Didn’t go to the HLTH conference? Don’t know why you should have been there? MDisrupt’s VP of Marketing Mona Schreiber shares her take on why it offers incredible opportunity for digital health CEOs.

You’re a digital health CEO, building a rockstar team, staying on top of industry trends, raising capital, and trying to keep the lights on. We get it. You’re busy! 

MDisrupt was there. We’re also a startup in the digital health space and our CEO barely sleeps because she’s navigating the same challenges. Why did we take time out of our schedules to be there? 

MDisrupt breaks it down for you:

See the latest trends

If you’re like us, you subscribe to several different newsletters/news sites to keep up on the latest trends, but never have time to read anything beyond the same two or three headlines you see pop up in your social media feeds. The HLTH conference is a three-day immersion in all the trends in digital health, the perspectives of the various healthcare stakeholders, what the future holds, and how not to be left behind. It’s like a “bootcamp into the healthcare of the future.” You can leave here more informed than if you sat down and read every single article that came out. And… it’s so much more fun this way! 

Network with other entrepreneurs

Ever ask the question – how did my peer/ Entrepreneur X solve that problem? At HLTH, you can ask them! This conference is full of founders who have walked the path before you and advisors who are ready to help others. You’re not alone. You’ll be able to meet hundreds of other digital health companies disrupting the healthcare space, all at one venue. No more googling leading you down a rathole. Meet the amazing minds behind each innovation, in person.

Meet the investors

Flying around the country to meet with individual investors isn’t the most ideal way to fundraise – especially in the middle of a pandemic. This year’s HLTH had something unusual about it that we had never seen before. The digital health space is so hot right now that investors set up booths in the exhibit hall. In fact, there were 70+ investment partners in attendance.  And they partied hard – every night the bar at the Omni was overtaken by our investor friends.  No more waiting for warm intros – HLTH was the place to be if you wanted to meet investors in a more casual setting. For now, it’s a founders market. 

Bolster your team

The team you build is the essence of your company, particularly in complex spaces like healthcare.  You need to hire amazing talent and fast – the story of every startup. What if there was a place you could go to meet these people without hiring someone to scour LinkedIn all day? Meet them all in one place. Even better, meet connectors – like MDisrupt – who can help you find the expertise you’re looking for, quickly and on demand. 

Get inspired!

It’s been a year. You and your team have accomplished so much, but you’re mentally and emotionally exhausted. There’s only so far coffee can go. What if you could meet the patients whose lives you were changing with your innovation? Bet that would get your emotional mojo going.

This conference oozes creativity in solving healthcare challenges. Our team came back with more energy and ideas after meeting and exchanging ideas with the most passionate minds in healthcare. Be there! Feel the energy. Reset. Crush it!

You missed the conference, so what now?

Step 1: Sign up for a free 30-minute consultation to discuss a project you’re working on – we have over 250 health experts who can help you tackle your challenge.
Step 2: Follow us on Linkedin and Twitter.

See you there next year!

If you want to dive into more interesting topics related to healthcare, check out our blog at MDisrupt.

At MDisrupt, we believe that the most impactful health products should make it market quickly. We connect digital health innovators to the healthcare industry experts and scientists they need to responsibly accelerate product development, commercialization, adoption, and scale.

Our experts span the healthcare continuum and can assist with all stages of health product development: This includes regulatory, clinical studies and evidence generation, payor strategies, commercialization, and channel strategies. If you are building a health product, talk to us.