By Sheena Jack, CEO HCF
How does the accelerator support the broader strategy for innovation at HCF?
With the Catalyst program HCF looks for business ideas aligned with HCF’s 2020 vision to make health care more affordable, understandable, high quality and customer centric. Investing in innovative technologies and business models is is a key part for HCF to improve the health outcomes for our members and all Australians. The Catalyst program is an important part in this.
What insights or learnings can you share with other corporates who are looking to innovate?
Some of the best business ideas come from founders who have personally experienced problems in the health system that they realised need solving. A diversity of backgrounds in a team can help the start-up set themselves up for success.
What are the outcomes delivered (e.g. customer deal, investment, trials, etc) by the program to date?
We have invested $1M in Billy (previously known as Curo from round 1) but more importantly we have a number of pilots running with both HCF staff and members to ensure that the great ideas from the program and translated into meaningful programs, services and ultimately better health outcomes for our members. We currently have pilots running with She Births, The Pelvic Expert, Dresden, Billy, Sleepfit. Birth Beat has been incorporated as a member benefit as part of our products that cover maternity.
What’s next for HCF Catalyst?
We’re really excited to see what the next round holds for HCF Catalyst. It seems to become bigger and better each year so we have high expectations. As the health system evolves even more and comes under increasing pressure the need for innovation in the industry becomes greater.