Elements of an Effective Healthcare Venture Development Process

1. Sourcing diverse deals from multiple channels

2.     Involving line managers in venture selection

3.     Applying a defined vetting process that includes:

• Validation by customers / users
• Evaluation of IT systems integration
  (a weak point in a complex ecosystem)
• Reviews with internal and external constituents

4.     Forming a management team as early as possible

5.     Planning workflow integration

6.     Running effective pilot(s) and addressing pain points

7.     Planning product roll-out and distribution

8.     Promoting growth, internally as well as externally

9.     Managing key development transitions (e.g., capitalization, syndication)