How Canada’s health-care industry is riding a wave of transition

Bedside Clinical Systems featured on Research Innovation and Commercialization Centre (RICC) panel discussion

In an article for YourMississaugaBiz.com, Jon Cook writes, ” ‘The health-care industry is relying more on the private sector for innovation and small businesses need to make sure they have a strong value proposition in order to get their projects funded,’ said Telus Health executive Nicholas Zamora.”

The article describes a panel discussion organized by the Research Innovation and Commercialization Centre (RICC) on the “intersection of health care and technology with the goal of how start-ups can get their solutions into the hands of physicians and hospital administrators.”

Here’s an excerpt:

“It’s about following the money,” said Zamora, who addressed a crowd of about 80 at the inaugural TechNext conference at the Mississauga Convention Centre. “We’re used to different approaches and models, depending on what the market is interested in.”

Telus Health, a spinoff of telecom parent Telus (TSX:T), has quickly become a player in the industry. It pulls in $1 billion in annual revenues, has 9,000 physicians using its electronic medical record (EMR) solution that has 130,000 registered patients.

. . .

As Telus Health’s chief clinical advisor, Zamora said it’s his job to find these ‘pockets of innovation’ and connect them to patients through collaborations with organizations like Mississauga-based Trillium Health Partners.

Rajesh Sharma, CEO of Bedside Clinical Systems, a MaRS Innovation start-up commercialized out of The Hospital for Sick Children, was included on the panel.

BCS’s software, Cook writes, “acts as an early warning system for young children who are at greater risk for cardiac arrest. BCS began testing the product in area hospitals for six months before landing its first client.”

The full article is no longer available on YourMississaugaBiz.com.