HealthBeacon has announced that chief executive and co-founder Jim Joyce will step down from his role with immediate effect. Mr. Joyce will remain as an adviser to the board, as well as a non-executive director. Ms Shanahan's firm, Shanahan Capital Ventures LLC, focuses on developing, scaling and restructuring healthcare businesses. It also supports investors during the acquisition, growth and sale of healthcare businesses. She has previously held leadership roles in companies such as Avella Specialty Pharmacy, Oncology Therapeutic Network, Shopper's Drug Mart and Cardinal Health. The company will also commence a search for a permanent replacement for Mr. Joyce. HealthBeacon also announced that it is making progress with the roll-out of its technology but the complexity of implementations, as well as the contracting and planning phases related to new launches of the technology, are running up to nine months longer than the company had previously estimated. HealthBeacon develops smart tools to assist patients to manage their medications from their homes.
The company's smart sharp bins remind patients when to take necessary injections.