Prime Health Announces Leadership Transition

FOR IMMEDIATE RELEASE

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Prime Health Announces Leadership Transition
CEO Jeffrey Nathanson steps down to pursue leadership role with partner organization 10.10.10, will remain as key advisor during transition.

DENVER, Colo. (Feb. 17, 2017) – After a remarkable three-year run that saw Prime Health evolve from an informal community defined by meetups and events to a stand-alone federally designated and state-wide non-profit organization representing one of the leading health innovation clusters in the country, CEO Jeffrey Nathanson today announced his resignation to pursue a leadership role at partner organization 10.10.10.

“For the past three years,” I have been part of the leadership of both Prime Health and 10.10.10, the impact venture generator. Both organizations have grown to now need full time engagement. said Nathanson. “These are two more-than-full-time positions. I have come to realize my limits.

As Prime Health has grown as an health innovation integrator and facilitator of pilot testing of products, it requires great time and focus,” he added, “I believe it is in the best interest of both organizations and for me personally that I make the difficult decision to focus my efforts in one direction. After a great deal of consideration, I have decided to focus on growing 10.10.10.”

Nathanson will leave an outstanding legacy from his time leading Prime Health. Among the many accomplishments during his tenure, Prime Health:

·      Initiated with Colorado’s Office of eHealth and Innovation the development of a Colorado Statewide Health Innovation Strategic Plan.

·      Raised hundreds of thousands of dollars to convene and support the Colorado health innovation and technology ecosystem, creating community infrastructure and events.

·      Designed and executed three Prime Health Challenge events, which resulted in 15 pilots funded at more than $430,000 with the support of the Colorado Health Foundation and in partnership with nearly every major health care delivery systems, payers and providers in the region.

·      Designed and launched Prime Health Qualify, a rigorous vetting and mentoring process through which the organization has evaluated over 100 companies. Those companies in turn went on to raise $40 million in investments.

·      Designed and launched Prime Health Collaborate, an innovative online collaboration platform and marketplace for health tech innovations.

·      Received federal designation as a 501c3 non-profit organization, turning an informal community into a formal organization.

“Jeffrey’s contributions to Prime Health have been enormous,” says Mike Fitzgerald, Prime Health’s Chairman of the Board and President and CEO of Denver South Economic Development Partnership, one of the founding organizations of Prime Health. “It is accurate to say that without his tremendous work; Prime Health would likely not exist today. We are eager to celebrate his many accomplishments and his personal dedication to the Prime Health cause.

Fitzgerald went on to say, “While Jeffrey will be very difficult to replace at Prime Health, we look forward to continuing to work closely with him at our sister organization, 10.10.10. Further, we’re elated that he has agreed to stay on as an advisor to the Board of Directors through the end of May to help us with the transition process.”

Effective immediately, the Prime Health Board of Directors has initiated the process of finding an interim CEO with the goal of having that position filled as soon as practical. In parallel, the board will evaluate if other or additional services should be developed and if greater alignment with other healthcare support organizations might enhance Prime’s role in the ecosystem. Through the process, the Board will determine the best viable long-term plan for Prime Health by either hiring a permanent leader or determining a better long term management solution by May 1st allowing Nathanson and the organization’s CEO to work together throughout May.

A public event will celebrate Nathanson’s substantial legacy and many accomplishments. Details will be forthcoming.

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About Prime Health

Founded in 2012 by Denver South Economic Development Partnership, Innovation Pavilion and the Society of Physician Entrepreneurs, Prime Health is a business ecosystem of healthcare administrators, providers, technologists, academics, entrepreneurs and investors dedicated to improving healthcare delivery through digital health innovations. Prime serves as a Digital Health Integrator, accelerating the adoption and implementation of digital health technologies that enhance access to care, improve clinical outcomes and reduce costs. A stand-alone non-profit organization since 2015, Prime Health is supported by its founding organizations as well as The Colorado Health Foundation, Aetna, Kaiser Permanente, Ernst & Young, ViaWest, iTriage, 10.10.10, Catalyst HTI, Innosphere, Colorado Technology Association, Colorado BioScience Association and other community partners.

Prime Health’s goal is to create the leading health innovation state in the U.S. by 2020.

A Letter from the CEO of Prime Health

2016 was a momentous year for Colorado’s Digital Health Ecosystem and Prime Health. Our community had significant growth and success. Prime tracked $162 million was invested last year in our Digital Health Innovation community. We evaluated and mentored over 100 ecosystem companies through our Qualify process. Participating companies raised over $40 million post evaluations. Through the Prime Health Challenge, we have committed over $430,000 to fund 15 pilot tests of health innovation products. We had the largest attendance ever at both the Health Innovation Summit and our Challenge. Every major healthcare delivery system in our state now has developed or is developing an innovation center in large part to work with our ecosystem.  With these metrics and others, I made the case at the Prime Health Challenge and in Blog posts that we are the #1 Health Innovation ecosystem in the United States today.

As many of you know, I have been part of the leadership of both Prime Health and 10.10.10, the impact venture generator. Both organizations have grown to now need full time engagement. After serious consideration, I have decided to resign my position as President and CEO of Prime Health effective February 28, 2017 to continue with 10.10.10 full time.

Prime Health’s Board of Directors is committed to enhancing our health innovation ecosystem and our process to rapidly demonstrate clinical efficacy and efficiency for new technology products and services matching needs and qualified technology solutions.

They have initiated a process to identify an interim CEO with the goal of filling the position as soon as practical. The Board seeks to hear from interested parties.  The Interim CEO position announcement has been posted here: http://primehealthco.com/about/ceo-job-description/. In parallel, the board will evaluate if other or additional services should be developed and if greater alignment with other healthcare support organizations might enhance Prime’s role in the ecosystem. Through the process, the Board will determine the best viable long-term plan for Prime Health by either hiring a permanent leader or determining a better long term management solution by May 1st. I will continue to support this transition. If you have questions or suggestions please contact Mike Biselli, mike@mikebiselli.com

I have appreciated the opportunity to be part of Prime Health’s success over the past 3 years it has been an honor.  I am proud of what we all have created, accomplished and enhanced together.  I believe our ecosystem is poised for greater impact through providing value added services.

The Colorado Office of eHealth and Innovation has asked me to co-chair a State of Colorado Health Innovation Strategic Plan process to drive additional activities to make Colorado the healthiest state nationally and be the #1 health innovation ecosystem.  You will be hearing more about the process over the next few weeks.  We intend to convene our Prime Health Summit in April for the purpose of bringing our community together with the State of Colorado in a public private partnership to discuss how we might develop our plans going forward.  Stay tuned for more information. I look forward to seeing you at the Summit or at our Prime Health monthly meetings. Thank you for all of your engagement and support.
Sincerely,
Jeffrey Nathanson