Investments In The Future of Healthcare

THE SCENARIO

The $4+ Trillion healthcare market is largely seen as “ripe for disruption.” However, healthcare’s complexities make it significantly different than other industries that have been revolutionized by innovation, such as travel, retail, finance, etc:

It’s highly regulated due to privacy and patient safety concerns.

It’s challenging to digitize.

The existing value networks are complex and intertwined.

And, it is embedded in the emotional, cultural and political fabric of our society, further slowing innovation and change.

THE HEALTH INNOVATION IMPERATIVE

The US spends 2X more money on healthcare than any other country in the world: $3.4 Trillion, or $3,400 Billion each year. This represents 17% of the overall economy in the US, while the average developed country spends around 8.8%. Unfortunately all this spending does not result in healthier people or longer lives. In fact, the US is ranked 47th globally in health outcomes.

This is unsustainable. Our society must find a way to reduce costs AND improve outcomes.

We need innovation in health.