By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    improving patient experience
    6 Ways to Improve Patient Satisfaction Within Hospitals
    December 1, 2021
    degree for healthcare job
    What Are The Health Benefits Of Having A Degree?
    March 9, 2022
    custom software development is changing healthcare
    Digital Customer Journey Mapping and its Importance for Healthcare
    July 21, 2022
    Latest News
    Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
    May 16, 2025
    Learn how to Renew your Medical Card in West Virginia
    May 16, 2025
    Choosing the Right Supplement Manufacturer for Your Brand
    May 1, 2025
    Engineering Temporary Hospitals for Extreme Weather
    April 24, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Can Thinking Younger Make You Live Longer?
    April 20, 2011
    Image
    Obesity’s Outlook Unchanged
    June 13, 2011
    When It’s An Emergency Elderly Not Treated As Well in Hospitals
    July 16, 2011
    Latest News
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
    The Backbone of Successful Trials: Clinical Data Management
    April 28, 2025
    Advancing Your Healthcare Career through Education and Specialization
    April 16, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: From WhiteBoard to Business
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > From WhiteBoard to Business
Business

From WhiteBoard to Business

Deanna Pogorelc
Last updated: June 17, 2013 7:50 am
Deanna Pogorelc
Share
3 Min Read
SHARE

unique ideas and innovation

Next Wave Health’s mantra is that it wants to grow the next big idea in healthcare, even if it only exists on a whiteboard.

unique ideas and innovation

Next Wave Health’s mantra is that it wants to grow the next big idea in healthcare, even if it only exists on a whiteboard.

More Read

mhealth entrepreneurs
Wireless Health Hub Helps mHealth Entrepreneurs [VIDEO INTERVIEW]
Under Armour Leaps into Digital Health with MapMyFitness Acquisition
VisionCare’s FDA Approved Telescope Gets Implanted
Why Hospitals Are Still Gouging the Uninsured
Is Healthcare Marketing a Grotesque Business or Ethical Imperative?

The newly formed Huntsville, Texas, venture launched Tuesday to provide capital and business wisdom to companies that need assistance turning a big idea into a profitable product or service.

“There’s a lot of change going on in the healthcare industry, and a lot of it is fueled by regulatory and legislative change,” said Ivo Nelson, the brains behind the venture. “I’m focused on companies that are getting started to help the industry through that.”

If that sounds vague, it’s because Nelson doesn’t want to limit anyone’s creativity. He’s a man of big ideas himself: He helped start the healthcare division of Perot Systems (acquired by Dell in 2009) in the late 1980s and later founded Healthlink, a healthcare consulting firm that was acquired by IBM in 2005. Consequently, he served as the leader of IBM’s Global Healthcare Provider business before co-founding another consulting business, Encore Health Resources, in 2009.

He told MedCity News he’ll invest in startups anywhere in the world, in any kind of health technology as long as the idea is big and he feels the team has the ability to turn it into something.

Next Wave serves as a strategic adviser or investor to a few companies already, including Ohio-based Health Care DataWorks and cloud-based search and booking solution provider HealthPost.

“I would say most of the investments are under $5 million,” Nelson said. “If partners are needed, then we have access to those relationships as well.”

By “we,” Nelson is referring to three other team members who are also resources for startups: Mike Davis, who’s got an impressive resume as a health IT professional, marketing guru Wendy Horn and Emily Evans, who handles administrative, financial and operational needs.

He’s not necessarily calling it an incubator — although it could be, if that’s what the company needs. “Every company is at a different stage,” Nelson said. “In some cases, they just need a strategy and some capital. But if they need to be propped up in some way, we’ve got the resources to be able to do that.”

Companies can apply for funding and assistance here.

[Photo credit: Flickr user jblyberg]

TAGGED:health start-ups!
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Clinical Expertise
Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
Health care
May 18, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Health
May 15, 2025
Learn how to Renew your Medical Card in West Virginia
Learn how to Renew your Medical Card in West Virginia
Health
May 15, 2025
Dr. Klaus Rentrop Shares Acute Myocardial Infarction heart treatment
Dr. Klaus Rentrop Shares Acute Myocardial Infarction
Cardiology
May 13, 2025

You Might also Like

Health Care Buzz Today

May 4, 2011
clinical trials
Business

Top 3 Reasons People Participate in Clinical Trials

October 20, 2014
Medical Device Marketing, Digital Marketing, PPC, SEO, SEM
BusinessMedical Devices

5 Online Statistics That Can Impact Medical Device Marketing

August 8, 2014

Cost Spotlight: A 443% Markup on Prescription Drugs

May 1, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?