Podcast with With Mike McSherry, Chief Executive Officer, Xealth
"Digital health solutions should be “doctor prescribed”"
Clinicians need a “digital formulary” that they can easily prescribe to patients. However, there are significant challenges in onboarding, integrating, and implementing digital health solutions at scale. Xealth attempts to address these challenges through a cloud-based “plug-in” that operates within EHR systems. Xealth, which was incubated within Providence St. Joseph and spun out recently, just completed a $14 million funding round with strategic investors such as Cleveland Clinic to help develop the platform and drive growth.
Digital health startups often struggle to gain traction, partly due to the lack of a reimbursement model. Mike, a successful serial entrepreneur, advises digital health startup founders to pay attention to who is paying for the solutions and work closely with providers to help build scalable solutions of the future.
About our guest
Mike McSherry is the CEO of Xealth, a platform for digital health that enables health systems to easily organize, integrate, deploy, and activate digital health tools for measurable results. Through the secure Xealth platform, clinicians can find and order the right digital tools and programs for patients direct from the EHR workflow, send these digital health orders to the patient’s smartphone or desktop, and then monitor patient engagement and analyze the effects of more engaged patients. These can include patient education, online third-party apps and programs, device monitoring, and non-clinical services such as ride shares, food delivery and e-commerce product recommendations.
Xealth spun out of Providence St. Joseph Health (PSJH) in 2017, under the leadership of McSherry, raising $9 million from a variety of investors including PSJH and other health systems such as UPMC and Froedtert.
McSherry brings with him more than 20 years of experience in the technology industry, co-founding several other consumer electronics businesses including Boost Mobile, which is now Sprint’s pre-paid service, and Zivo, which was the largest web development company in Australia and New Zealand. McSherry began his career at Microsoft, where he ran the MSN portal and e-commerce activities in Australia following time spent in the US in product roles.
Drawing from his background in consumer engagement with electronic devices, McSherry has made it his mission to make digital health tools an integrated part of health care delivery.
McSherry graduated from William & Mary. Based in Seattle, McSherry is married, with two boys and a dog, and when he isn’t busy enabling digital health at scale, he lives the busy life of juggling sports, travel, and parenting.
About the host
Paddy is the co-author of Healthcare Digital Transformation – How Consumerism, Technology and Pandemic are Accelerating the Future (Taylor & Francis, Aug 2020), along with Edward W. Marx. Paddy is also the author of the best-selling book The Big Unlock – Harnessing Data and Growing Digital Health Businesses in a Value-based Care Era (Archway Publishing, 2017). He is the host of the highly subscribed The Big Unlock podcast on digital transformation in healthcare featuring C-level executives from the healthcare and technology sectors. He is widely published and has a by-lined column in CIO Magazine and other respected industry publications.