Rethinking Health: Introducing "HICCup" - A New Opportunity for Investing in the Health of CommunitiesJanuary 28, 2014
What's the return on the $3 trillion that we spend each year in the U.S. on health care? If we treated health care as an investment, a smart portfolio manager would invest a better part of this money into community health and prevention that could reduce the need for high-cost care in the first place.
That's the thinking behind HICCup (Health Initiative Coordinating Council), a new non-profit initiative with a mission to preserve and restore health at the community level. Founded by Esther Dyson, an active angel investor in health companies and launching in 2014, HICCup will work collaboratively to identify up to five small communities across the U.S. that will compete to win the "HICCup Prize" for the greatest cost-effective improvement in health (not health care) over five years. Together, HICCup will work with communities to create community marketplaces that refocus competition, business models and investment on better health with financial returns.
Join us to hear from Esther Dyson and Rick Brush of HICCup to learn more about this opportunity and share your ideas for Maine communities that are ready to create investable markets for the "production of health."
Esther Dyson, founder of HICCup and chairman of EDventure Holdings, is an active angel investor, best-selling author, board member and advisor concentrating on emerging markets and technologies, new space and health. She sits on the boards of 23andMe and Voxiva (txt4baby), and is an investor in Crohnology, Eligible API, Keas, Omada Health, Sleepio, StartUp Health and Valkee, among others. Her sisters include a nurse who lives in Pownal, Maine, and a vet, a cardiologist and a radiologist.
Rick Brush, executive director of HICCup and founder of Collective Health, is a former corporate strategist in health and financial services, including nearly a decade at the health insurer Cigna. He's now focused on creating markets for health-impact investing. Collective Health's project to reduce childhood asthma emergencies in Fresno, California, is laying the groundwork for the first Health Impact Bond in the U.S.
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