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Striking the Right Balance: Regulating AI in Healthcare

Balancing regulation with innovation is crucial when it comes to AI and healthcare. In this episode, Shannon Klinger, the Chief Legal Officer and Corporate Secretary at Moderna, shares her inspiring journey, emphasizing the pivotal role of AI in Moderna&#39;s research and development. She highlights how AI and digital technology are at the core of Moderna&#39;s strategy, significantly increasing mRNA production for clinical trials, including during the COVID-19 pandemic. Shannon stresses that each day can impact and save patients&#39; lives, and she advocates for the harmony between speed and innovation. Finally, she explores the healthcare sector&#39;s need to find a balance between regulating AI and fostering innovation. Tune in to discover how Moderna leverages technology to democratize healthcare solutions, making a profound difference in people&#39;s lives. About Shannon Klinger:Shannon Thyme Klinger, the Chief Legal Officer and Corporate Secretary at Moderna is in charge of Moderna&#39;s legal and corporate compliance matters. Throughout her career, Shannon has been dedicated to improving long-term business performance, building trust with the public, ensuring access to medicine, and facilitating successful product launches. She is also a strong supporter of diversity, equity, and inclusion. Additionally, she served on the board of directors of the SIX Group in Switzerland from 2016 to 2020. Shannon earned her Juris Doctorate with honors from the University of North Carolina at Chapel Hill and a bachelor&#39;s degree in psychology from the University of Notre Dame. She is a member of the State Bar of Georgia and the District of Columbia Bar. Things You’ll Learn:<ul><li>Many individuals choose healthcare as their career path due to their personal experiences.</li><li>Regarding AI and healthcare, balancing regulation and innovation is crucial.</li><li>Organizations should ethically use AI applications for the benefit of the public.</li><li>Excessive regulation can hinder the pace of innovation, potentially leading to fewer lives being protected.</li><li>Imagine the impossible and make it possible.</li><li>Moderna&#39;s goal is to ensure that people worldwide, regardless of their place of birth, have access to high-quality treatments.</li></ul>Resources:<ul><li>Connect with and follow Shannon Klinger on <a href="https://www.linkedin.com/in/shannon-thyme-klinger/" target="_blank">LinkedIn</a>.</li><li>Follow Moderna on <a href="https://www.linkedin.com/company/modernatx/" target="_blank">LinkedIn</a>.</li><li>Discover the Moderna <a href="https://www.modernatx.com/?tc=soc_7y8qkt&amp;cc=1004" target="_blank">Website</a>.</li><li>Check out the mRNA Access <a href="https://mrna-access.modernatx.com/" target="_blank">Website</a>.</li><li>Visit Moderna’s Charitable Foundation <a href="https://www.modernatx.com/responsibility/moderna-foundation" target="_blank">Website</a>.</li><li>Listen to Shannon’s previous interview <a href="https://healthpodcastnetwork.com/episodes/outcomes-rocket/hlth-matters-using-mrna-technology-for-health-equity-with-shannon-thyme-klinger-chief-legal-officer-and-corporate-secretary-at-moderna/" target="_blank">here</a>.</li></ul>

S4 E11: Striking the Right Balance: Regulating AI in Healthcare

Chief Legal Officer

Prenuvo: The Pioneer in Whole-Body MRI Screenings—featuring Andrew Lacy

The current healthcare system is a reactive one. We only see a doctor when something is wrong, and disease is rarely diagnosed in its early stages. But Andrew Lacy is working to make our sick care system much more proactive. Andrew is Founder and CEO of <a href="https://www.prenuvo.com/" target="_blank">Prenuvo</a>, the pioneer in MRI-based, clinical-diagnostic screening exams. Under his leadership, the company has expanded across North America, establishing Prenuvo as a recognized and trusted proactive healthcare service. On this episode of HLTH Matters, Andrew joins hosts Dr. Jessica Shepherd and Dr. Gautam Gulati to discuss the future of whole-body imaging diagnostics for early disease detection and prevention. Andrew explains what differentiates Prenuvo from the typical healthcare experience and how his technology differs from other MRI options.  Listen in for Andrew’s insight on empowering people with a roadmap of what’s going on in their body and learn how Prenuvo inspires the lifestyle changes that have a massive impact on patient health.  Topics Covered<ul><li>How Andrew’s own health crisis inspired him to build Prenuvo</li><li>How Prenuvo’s whole-body screening empowers patients with information about their health</li><li>What differentiates Prenuvo from the typical healthcare experience</li><li>Why there’s a growing acceptance of the technology for full-body imaging</li><li>How Andrew responds to the 2 most common objections to Prenuvo—unnecessary follow-up and worry</li><li>What distinguishes the Prenuvo technology from other MRI options</li><li>The challenge around training radiologists to be comfortable with a whole-body approach</li><li>The 3 most typical profiles of a Prenuvo patient and who it ISN’T for</li><li>The top features of Prenuvo from a women’s health perspective</li><li>When a Prenuvo scan is covered by insurance (and when it isn’t)</li><li>How Prenuvo imaging inspires clients to make important lifestyle changes</li><li>How Prenuvo is training AI to identify subtle signals of early disease</li></ul> Connect with Andrew Lacy<ul><li><a href="https://www.prenuvo.com/" target="_blank">Prenuvo</a></li></ul> Connect with Dr. Jessica Shepherd &amp; Dr. Gautam Gulati<ul><li><a href="https://www.hlth.com/" target="_blank">HLTH</a></li><li>Dr. Shepherd on <a href="https://twitter.com/JShepherd_MD" target="_blank">X</a></li><li>Dr. Shepherd on <a href="https://www.linkedin.com/in/jessica-shepherd-md-mba-5ba9ab66/" target="_blank">LinkedIn</a></li><li>Dr. Gulati on <a href="https://twitter.com/drgautamgulati" target="_blank">X</a></li><li>Dr. Gulati on <a href="https://www.linkedin.com/in/gautamgulati/" target="_blank">LinkedIn</a></li></ul> Resources<ul><li><a href="https://nikohealth.com/" target="_blank">NikoHealth</a></li></ul>

S4 E17: Prenuvo: The Pioneer in Whole-Body MRI Screenings—featuring Andrew Lacy

Founder and CEO

Strategy, Disruption, and Growth in Healthcare—featuring Kevin Grabenstatter and

During these changing times, don’t stop your work on business strategy! In this episode, Managing Directors of L.E.K. Consulting, Kevin Grabenstatter and Joe Johnson talk about strategy work for health systems, disruptive models, technology, and what to do now that retailing companies have entered the healthcare game field. L.E.K. prepares and sets up healthcare businesses for key inflection or decision points when navigating the current environment’s changing pressures. They also help companies with challenges around value-based care, data integration, and telehealth. Kevin and Joe discuss what they believe are critical areas healthcare systems should invest in to improve patients’ care experience and companies&#39; revenue. They also speak about how it will be primordial for health businesses to learn from other industries and adapt to the changes that are taking place now that big retailers have entered the game. Tune in and learn how important strategy is when navigating a changing industry like healthcare! About Kevin Grabenstatter:Kevin Grabenstatter is a Managing Director in L.E.K. Consulting’s San Francisco office. Kevin joined L.E.K. in 2006 and focuses on strategy and growth for health systems, physician practices and other providers, and value-based care delivery and emerging technologies/HCIT. He advises clients on critical strategic issues across the healthcare value chain.  Kevin formerly held strategy roles at Kaiser Permanente, where he was responsible for design of strategic initiatives in areas such as care transitions, patient flow and cost efficiency. His expert commentary has appeared in Managed Healthcare Executive. Kevin got his Bachelor of Science with Honors from the Pennsylvania State University and a Master’s degree in Business Administration at the Stanford University Graduate School of Business. About Joe Johnson:Joe Johnson is a Managing Director and Partner, as well as the head of L.E.K. Consulting’s New York office. Joe co-leads L.E.K.’s Healthcare Services practice and leads the Healthcare IT and tech-enables services sub-practice. He plays an instrumental role in helping senior executives across the industry develop and implement new strategies and provides M&amp;A advisory support to address the changing healthcare landscape. Joe has more than 20 years of consulting experience managing and directing client engagements and has worked on a substantial number of strategic growth, operations and commercial due diligence projects across the healthcare services industry. His expertise in the Healthcare Services practice includes payer and provider healthcare IT, digital health, government programs (Medicare, Medicaid) and post-acute care, among others. Joe’s expert commentary has appeared in Harvard Business Review. Joe first joined L.E.K. in 2000 and returned after receiving his MBA from the Kellogg School of Management at Northwestern University. He graduated from Harvard University cum laude with a B.A. in Economics. Joe got a Bachelor of Arts in Economics at Harvard University and a Master’s degree in Business Administration at the Kellogg Graduate School of Management at Northwestern University. Things You’ll Learn:<ul><li>Healthcare systems currently face challenges that include inflationary and operational pressures, staffing shortages, and supply chain obstacles.</li><li>Healthcare systems should also be thinking about how they can diversify their revenue streams.</li><li>Patient experience needs to be as seamless and positive as possible.</li><li>Precision medicine is a really interesting area to invest in, as technology, data, and insights can be used in a way where that can provide differentiated care for patients.</li><li>Now that customer retailers have entered the healthcare industry, other health businesses should think of creative ways to give patients and consumers the experience these other industries have brought to them.</li><li>Strategy is as much about what you should be doing as a company organization as well as what not.</li></ul> Resources:<ul><li>Connect with and follow Kevin Grabenstatter on <a href="https://www.linkedin.com/in/kgrabenstatter/" target="_blank">LinkedIn</a>.</li><li>Connect with and follow Joe Johnson on <a href="https://www.linkedin.com/in/josephjohnsonlek/" target="_blank">LinkedIn</a>.</li><li>Follow L.E.K. Consulting on <a href="https://www.linkedin.com/company/lekconsulting/" target="_blank">LinkedIn</a>.</li><li>Visit the L.E.K. Consulting <a href="https://www.lek.com/" target="_blank">Website</a>!</li><li>Listen to the episode on Consumer Retailers in the Healthcare Sector of L.E.K.’s Insight Exchange podcast <a href="https://share.transistor.fm/s/8bbb8fcb" target="_blank">here</a>!</li><li>Reach out to Kevin and Joe at <a href="" target="_blank">Strategy@LEK.com</a></li></ul>

S3 Ep20: Strategy, Disruption, and Growth in Healthcare—featuring Kevin Grabenstatter and Joe Johnson

Managing Director

Managing Director and Partner

The Beat: The Future of Funding for Healthcare Startups

How has the macroeconomic environment impacted venture capital funding for health tech startups? In this episode, Megan Scheffel, the Head of Healthcare and Life Science Lending, shares her insights on the current state of SVB and how they are navigating the ever-changing landscape of the innovation economy. She discusses the recent acquisition of SVB by First Citizens Bank and how they are continuing to operate and serve clients in the same way. Megan also sheds light on the challenges and opportunities in the funding environment, particularly in the health tech sector. With her extensive experience in the financial services industry, Megan provides valuable advice on not only surviving but thriving in the ever-evolving world of finance.  Tune in to this episode to hear the inside scoop on the state of SVB and the future of funding for startups in the healthcare industry. About Megan Scheffel:Megan Scheffel is a highly collaborative executive with deep experience in finance, venture capital, and technology who enjoys tackling complex organizational challenges, creative problem-solving, and communicating crisply and authentically. Based in DC, she is responsible for the investment and credit decisions for the focus on delivering venture debt, investment management, treasury and payment solutions for all stages of healthcare companies. SVB&#39;s mission is to be the premier financial services firm for innovation executives, and their investors. Since joining Silicon Valley Bank in 1997, Megan has served in a number of offices around the US. She began her career at Silicon Valley Bank’s Silicon Valley headquarters, where she was responsible for handling credit functions and compliance and providing analyst support for lenders in the Northern California and Northwest regions. Scheffel later moved to Silicon Valley Bank’s Boulder office, working with local technology companies. In 2002, she moved to the East Coast to join her husband and to focus on the growth of technology and venture firms in the Mid-Atlantic region. In 2015-2016, Megan was selected to help with the launch of SVB&#39;s JV bank in Shanghai, China. From October through January, she moved to China and spent time in Beijing, Hong Kong and Shanghai doing business development with technology, life science clients and investment firms and helped build out and organize the teams at the JV. Scheffel is active in supporting and speaking on behalf and with the entrepreneurial organizations and events throughout the Washington D.C. Scheffel earned a bachelor’s degree in business administration, specializing in finance, from the University of Colorado in Boulder. When not at work, you can find her cheering on her kids at a variety of sport complexes around DC and running on the trails.  <a href="https://www.linkedin.com/in/megan-scheffel-5466b922/" target="_blank">Source</a> Things You’ll Learn:<ul><li>SVB&#39;s acquisition by First Citizens Bank in March hasn&#39;t changed its focus on the innovation economy. They continue to acquire and service clients in the same way as before.</li><li>SVB&#39;s value proposition lies in its extensive expertise in the life science and healthcare sectors. </li><li>SVB specializes in lending to pre-profit and cash-burning companies, offering unique financial services to startups.</li><li>Despite the challenging macroeconomic environment, there is still funding available for healthcare startups. M&amp;A activity is expected to increase, and SVB is actively monitoring trends and providing valuable insights to their clients.</li></ul>Resources:<ul><li>Connect with and follow Megan Scheffel on <a href="https://www.linkedin.com/in/megan-scheffel-5466b922/" target="_blank">LinkedIn</a>.</li><li>Follow SVB on <a href="https://www.linkedin.com/company/svb-financial-group/" target="_blank">LinkedIn</a> and visit their <a href="https://www.svb.com/" target="_blank">website</a>.</li></ul>

S1 E3: The Beat: The Future of Funding for Healthcare Startups

Head of Healthcare and Life Science Lending

Podcast

S4 E11: Striking the Right Balance: Regulating AI in Healthcare

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