From OneMedPlace's Med Tech Sentinel;
Healthcare venture capital firm Psilos Group has released their first annual report on the issues that will shape healthcare investing in 2009 and beyond. Psilos expects 2009 to be the start of a 10-year cycle that will transform the American healthcare system. They believe that investment in new medical innovations and business models is critical to addressing America’s healthcare crisis. The report focuses on three areas of opportunity: healthcare services, healthcare information technology, and medical technology.Psilos' portfolio looks well-positioned to benefit from this 10-year vision.
Healthcare IT is (an) area...primed for investment. According to Psilos, for every $1000 the federal government spends on healthcare, less than $1 is spent on researching electronic medical systems. Inefficiencies in medical record-keeping account for $90 billion in excess healthcare spending annually. In addition, inadequate health IT systems can result in medical errors and patient deaths. The use of electronic medical records may help to reduce costs and save lives.