Bloodbuy featured in Dark Daily

Bloodbuy featured in Dark Daily

There’s something new and exciting in the world of blood banking and medical laboratory medicine. It’s a unique approach to matching the availability of blood products to the demand for those same products and it’s catching the attention of medical laboratory directors and blood bankers in many of the nation’s hospitals.

How did an ice storm and a Super Bowl factor into the development of an innovative and disruptive technology that addresses a persistent gap in the US blood products supply chain? In February 2011, central Texas was hit by fierce weather that not only disrupted flights, snarled traffic, and threatened Super Bowl XLV, it also impacted the local and regional hospitals’ ability to access blood for patients in need. Enter a young entrepreneur who saw a critical problem and understood that the raw materials for a solution already existed.

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RAND Study makes Recommendation for HHS to Leverage Bloodbuy

RAND Study makes Recommendation for HHS to Leverage Bloodbuy

In a new independent study from RAND Corporation, researchers cited numerous factors challenging the sustainability of the nation's existing blood supply framework. Researchers at RAND analyzed data pertaining to blood product supply and demand, reimbursement rates, and unit costs from the CMS, CDC and FDA. They also conducted interviews and focus groups with representatives from ten blood centers, eight hospitals, and eleven corporations that supply equipment and services to the blood industry. The extensive research was conducted from February 2016 to June 2016, according to the report.

During the same time period, researchers also conducted separate interviews with blood industry experts from various governmental agencies -- including the CDC, CMS, FDA, HHS and the NIH.

RAND concluded its findings by making 7 recommendations to the U.S. Government, one of which was: 

"HHS should build ongoing relationships with ARC, ASBP, and brokerage entities (e.g., Bloodbuy)."

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Bloodbuy featured in the October issue of WIRED magazine

Bloodbuy featured in the October issue of WIRED magazine

Bloodbuy is featured in the 2016 Design Issue of WIRED magazine, currently on newsstands.  Pick up a print edition of the globally acclaimed technology magazine and read about Bloodbuy in the article entitled Priceline for Platelets.

The article focuses on Bloodbuy's cloud-based technology platform, which is being utilized to connect hospitals and blood centers across the country in an effort to create a more cohesive network, and thereby efficient, blood supply ecosystem.

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Bloodbuy featured in Business Insider

Bloodbuy featured in Business Insider

In the midst of an era of blood shortage fewer than 10 percent of eligible donors roll up their sleeves to give blood. All things considered, it's not only that, there's a major logistics gap in the industry. The issue is -- most hospitals depend on regional blood centers. Meaning blood -- well, it isn't flowing freely across the country. 

In comes Bloodbuy, a healthcare information technology company that works on a cloud-based platform interfacing hospitals and blood centers across the country. Their technology works to address the uneven geographic distribution of available blood supply in real-time, and keeps a tag on prices by publishing blood product average cost and other key market pointers for network participants. 

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Bloodbuy and CEO, Chris Godfrey, featured in PharmExec Magazine

Bloodbuy and CEO, Chris Godfrey, featured in PharmExec Magazine

Sometimes a change in the weather can be life-changing. So it was for Chris Godfrey, a Dallas-based investment professional whose new start-up is attracting plaudits—and investment-grade partners—for addressing a persistent gap in the US medical supply chain. His company, Bloodbuy, is using innovative data management technologies to create a transparent and consistent process for exchanging price and supply information around the core commodity of healthcare: blood.

And, like most entrepreneurs, Godfrey scoffs at the notion that inspiration came from one of those fabled “eureka” moments. Instead, it was something far more prosaic: an epochal ice storm coinciding with the 2011 NFL Super Bowl...

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Bloodbuy featured in TechCrunch

Bloodbuy featured in TechCrunch

Playing Catch-up in Hospital Innovation

Posted Jun 23, 2016 by Mandira Singh

Earlier this year, the White House made a bold bid against cancer, announcing a new, nationwide “Moonshot” initiative to do away with the disease — once and for all. Mark Zuckerberg also made headlines recently by promising to bankroll research efforts.

Billions of dollars in increased funding and more brainstorming toward a cure is a very good thing. With the costs of cancer care hovering around $157 billion a year, heart disease/stroke at $315.4 billion and the human toll of both at 1.2 million per year, these unrelenting illnesses need the most attention.

However, for every moonshot, there is an endless list of insidious problems plaguing the industry that don’t make headlines, but are silently killing our system (and patients), inefficiency by small inefficiency.

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Bloodbuy Selected to Showcase at Premier's Annual Innovation Celebration

Bloodbuy Selected to Showcase at Premier's Annual Innovation Celebration

Bloodbuy selected to showcase its cloud-based blood product procurement platform at Premier Inc.’s annual Breakthroughs Conference

Bloodbuy’s cloud-based blood product procurement platform is one of fourteen medical innovations that was showcased in front of thousands of healthcare providers at Premier Inc.’s 2016 Breakthroughs Conference and Exhibition on June 21.  

Bloodbuy’s technology was featured during the conference’s annual Innovation Celebration. The event recognizes advances in healthcare while highlighting industry suppliers committed to innovation and improving patient outcomes. 

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Bloodbuy Wins Harvard Forum on Healthcare Innovation Award

Bloodbuy Wins Harvard Forum on Healthcare Innovation Award

BOSTON—Bloodbuy, the Dallas-based company whose technology connects hospitals and blood centers nationwide to ensure the efficient flow of lifesaving blood products to patients in need, has been recognized by the Harvard Forum on Healthcare Innovation, a collaboration of Harvard Business School and Harvard Medical School, as the winner of the first Harvard Health Acceleration Challenge.

“This award is obviously a huge honor, and our team is blown away,” commented Christopher Godfrey, founder and CEO of Bloodbuy. “It serves as tremendous validation for the work we are doing to create a higher level of efficiency in what we consider one of the most critical health care verticals.”

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Bloodbuy Named Runner-Up in athenahealth MDP Innovation Challenge

Bloodbuy Named Runner-Up in athenahealth MDP Innovation Challenge

Bloodbuy, Runner-Up in More Disruption Please Innovation Challenge presented by athenahealth

The goal of the More Disruption Please Innovation Challenge was to attract entrepreneurs to healthcare.  As athenahealth puts it, Healthcare needs less distraction and more disruption. This year's More Disruption Please Innovation Challenge attracted over 70 teams in a challenge that asked them to step up to the challenge of building cloud-based solutions that solve hospitals' biggest pain points.  

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Bloodbuy Announces $3.75 Million Strategic Financing involving Premier and St. Joseph Health, and Announces Strategic Relationship with Premier

Bloodbuy Announces $3.75 Million Strategic Financing involving Premier and St. Joseph Health, and Announces Strategic Relationship with Premier

DALLAS, Texas -- BUSINESS WIRE -- Bloodbuy, a healthcare information technology company that operates a cloud-based platform connecting hospitals and blood centers nationwide, today announced it has closed a strategic funding round involving Premier Supply Chain Improvement, Inc., an affiliate of Premier, Inc. (NASDAQ: PINC), and St. Joseph Health. Bloodbuy will use funds to continue the rapid expansion of its integrated network of hospitals and blood centers, grow its team, and add new technology offerings.

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Bloodbuy featured in Harvard Business Review

Bloodbuy featured in Harvard Business Review

The conventional wisdom is that it takes far longer for many potentially beneficial innovations to be widely adopted in health care than in other industries, especially consumer markets.  An oft-cited example is the iPhone — more than 700 million have been sold since the first model went on sale eight years ago. By comparison it can take 10 to 20 years for a new health care practice to go from development to widespread adoption, according to some estimates.

In the fall of 2014, the HBS-HMS Forum on Health Care Innovation launched the inaugural Health Acceleration Challenge — a “scale up” competition that focuses on compelling solutions to problems in health care delivery that have already been implemented at a small scale and have the potential for wider dissemination.

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Bloodbuy featured in Becker's Hospital Review

Bloodbuy featured in Becker's Hospital Review

These 4 companies have the potential to change healthcare delivery

Four finalists have been selected for Harvard's "Health Acceleration Challenge," a competition focused on helping healthcare delivery improvement solutions grow.

Finalists share a $150,000 prize among other networking and funding opportunities. The original pool of nearly 500 applicants was narrowed to four by a panel of 50 judges, and the winner will be selected in April 2016.

Here are how the finalists stack up, as presented by Harvard Business Review.

1. Bloodbuy, a Dallas-based company linking hospitals to blood centers has produced a net reduction of 22 percent in total blood spend, according to the report. The company helps hospitals avoid overpaying for blood products, eliminate waste and speed growth.

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Bloodbuy featured in FierceHealthcare

Bloodbuy featured in FierceHealthcare

4 ideas that could transform healthcare delivery

Harvard's Health Acceleration Challenge aims to speed innovation

Tired of the slow nature of healthcare innovation, the Harvard Business School and Harvard Medical School have taken matters into their own hands, creating a contest to help transform care delivery. The results may help solve long-time challenges in the industry, Harvard Business Review reports.

The Health Acceleration Challenge, issued in the fall of 2014, has identified four organizations that offer solutions to different problems in the care delivery process, according to the article. "All of these projects have stirred new thinking in the healthcare field," the article noted, and have the potential to be adopted across the country, systems and care delivery settings.

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Bloodbuy's CEO recognized in Dallas Business Journal's "Who's Who in Healthcare 2015"

Bloodbuy's CEO recognized in Dallas Business Journal's "Who's Who in Healthcare 2015"

For the past several years, the Dallas Business Journal's Who's Who in Health Care list has recognized those North Texas leaders who specialize in the business aspects of health care.

This year, we're honoring 30 professionals — ranging from CEOs of prominent medical systems to lawyers to technologists to professors — and quite a few doctors, of course — who are innovating and affecting positive change in DFW's health care industry.

We'll profile this impressive group in our July 31 issue of the Dallas Business Journal, so stay tuned for more details surrounding their collective bodies of work (trust me — their accomplishments are staggering!).

Please join us in congratulating our 2015 honorees, below, and click through the gallery at the right to put faces with these names.

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Bloodbuy featured in MedTech Boston

Bloodbuy featured in MedTech Boston

The Harvard Forum on Health Care Innovation, a joint collaboration between Harvard Business School and Harvard Medical School, was recently held in Cambridge, Mass, on April 15-16, 2015. This private, invitation-only event assembled an elite group that included HBS and HMS alumni and faculty, as well as other key opinion leaders in healthcare. Cara Sterling, Director of HBS’s Health Care Initiative, who organized the event, shared that the goal for the event was to provide an opportunity for “people from different sectors to come together and talk freely” in order to “spur innovation in healthcare.”

Out of a total of 478 applicants, 18 were selected as semi-finalists; from those, four of the brightest were chosen as finalists to share a $150,000 Cox Prize. They’ll also have an HBS case study written about them, and each team presented and received feedback at this year’s Forum. The final winner will be decided in a year’s time, by identifying the startup venture that is most successful in disseminating and scaling their healthcare solution.

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Meet us at the Harvard Forum on Healthcare Innovation

Meet us at the Harvard Forum on Healthcare Innovation

Bloodbuy is featured as a finalist in Harvard's Health Acceleration Challenge, a healthcare innovation initiative sponsored by Harvard Business School (HBS) and Harvard Medical School (HMS), and will be engaging with healthcare leaders at this year's Harvard Forum on Healthcare Innovation Conference.

We will be a featured presenter during the conference and serve as the focus of an HBS Case Study taught by renowned Harvard professor John Quelch during an interactive session.

If you will be attending the summit we would love to meet you.  Please shoot us a note via our Contact Us page or send us an email at info@bloodbuy.com and one of our team members will connect with you promptly.  Thank you.

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Bloodbuy featured on NPR Marketplace

Bloodbuy featured on NPR Marketplace

BY LAUREN SILVERMAN January 13th, 2015 | 14:20

For hospitals, blood is a core commodity. 

“It’s not like if you run out of milk you’re fine, we’ll go without milk,” says Chris Godfrey. “If you run out of blood, there are lives at risk, so the stakes are very high.”

Most hospitals rely on regional blood centers, which is why Godfrey started Bloodbuy. It’s like Priceline, but for blood products – a cloud-based platform connecting supply with demand in a multibillion-dollar industry.

To listen to the radio excerpt from Marketplace, please click here

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Bloodbuy featured in MedTech Boston

Bloodbuy featured in MedTech Boston

Harvard Health Acceleration Challenge: Meet the Finalists

The Forum on Healthcare Innovation, a collaboration between Harvard Business School (HBS) and the Harvard Medical School (HMS), recently announced the finalists of their Harvard Health Acceleration Challenge: Bloodbuy, I-Pass, Medalogix and Twine.

The challenge is a “scale-up” competition that focuses on finding and mentoring companies with innovative healthcare solutions. All four finalists will receive networking, funding and mentorship during the next year to help them develop more quickly than they would through normal channels. Each finalist will receive $37,500 and will be featured in a Harvard Business School case study. They’ll also be given the opportunity to present at the exclusive Forum on Health Care Innovation conference next April.

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South Texas Blood & Tissue Center, Bloodbuy and the Harvard Forum on Healthcare Innovation

South Texas Blood & Tissue Center, Bloodbuy and the Harvard Forum on Healthcare Innovation

Dallas, Texas-based healthcare technology startup Bloodbuy is using South Texas Blood & Tissue Center (STBTC) to pilot its technology in connection with Harvard Forum on Healthcare Innovation.

Once again taking the lead in cutting-edge medical research, STBTC and BioBridge Global will figure prominently in a Harvard Business School case study that will be presented by the Harvard Business School and Harvard Medical School's at the Forum on Healthcare Innovation conference in April. Researchers from Harvard Business School will be touring STBTC operations on Friday, Feb. 6, to gather information to write the study.

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Bloobuy Ranks #2 on Healthcare Global's Top 10 Most Innovative Healthcare Startups to Watch in 2015

Bloobuy Ranks #2 on Healthcare Global's Top 10 Most Innovative Healthcare Startups to Watch in 2015

Entrepreneurs will be the ones to lead the reinvention of health care. Below are ten of the most innovative health care startups that are changing the industry for the better. 

The Dallas, Texas-based health care company offers a patent pending technology that connects hospitals and blood centers nationwide to ensure the efficient flow of life-saving blood products to patients in need. Hospital benefits: A direct access to a diversified base of premier blood centers. Blood center benefits: A direct reach to a broader base of hospitals across multiple geographies.

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