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September 23, 2016 01:00 AM

Blog: Health tech leaders, lenders see long-standing barrier to innovation

Joseph Conn
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    What's the newest, biggest challenge in health IT?

    It's the same old problem – getting new ideas to move quickly down the healthcare industry's long runway for technological innovation, according to a survey of 122 health tech company founders, executives and investors.

    Silicon Valley Bank released data from its survey taken at the Santa Clara, Calif.-based bank's HealthTech NYC event earlier this month.

    When asked what will have the largest impact on health technology investments over the next 12 months, 34% of these lenders and entrepreneurs chose existing technologies gaining traction and showing promise.

    Healthcare policy trailed at 22%, followed by innovative new technologies at 17%, the wants of private equity investors at 10% and the U.S. election for president at 7%.

    Concurrently, when asked what is the biggest challenge the health technology industry faces today, it wasn't the tech. A plurality of these high tech business leaders has the same most pressing problem as their low-tech business peers – finding customers.

    Adoption of their technologies by consumers, patients and other clients was the biggest hurdle, cited by 37% or respondents, followed by government regulation at 34%. Technological hurdles ranked a distant third, cited by 8%. Access to funding and pricing both ranked at 6%, competition at 3% and other issues came in at 7%.

    As to which innovations will have the greatest impact on the health tech sector in 2017, big data came in large with 46%, followed by artificial intelligence at 35%, the Internet of Things at 15%, and virtual reality and robotics tied at 2%.

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          • - Luminaries
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          • - Women to Watch
      • Conferences
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        • ESG: The Implementation Imperative Summit
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        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
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        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
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      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
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      • Hospital Financials
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