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a16z Podcast

It’s Time to Build in Healthcare

a16z Podcast

a16z

Science, Innovation, Business, Entrepreneurship, Culture, Disruption, Software Eating The World, Technology

4.41.1K Ratings

🗓️ 28 August 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Half of prescribed medications are never taken, and 88% of Americans are metabolically unhealthy. Despite spending 20% of our GDP on healthcare—twice that of any other developed nation—our outcomes still lag behind. In this episode, we explore why technologists must step into the healthcare ring. Solving medicine isn’t enough; we need to make healthcare a consumer-focused industry. a16z’s Vijay Pandey and Daisy Wolf discuss the rise of tech founders in healthcare, the potential of AI to transform patient care, and how this shift could lead to the next trillion-dollar company. Can tech truly disrupt this complex, regulated industry?

Transcript

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0:00.0

Here are some facts for you.

0:03.0

Half of medications that are prescribed are never taken.

0:06.0

88% of Americans are metabolically unhealthy.

0:10.0

It's 20% of our GDP, which is like double that of any other developed country.

0:13.7

Perhaps none of this is a surprise to you. In fact, we've done several episodes on this

0:18.9

topic, which we'll link in the show now. But what we haven't quite touched on is why it's time for

0:24.2

technologists to step into the health care ring, because solving medicine is

0:28.1

not enough. If you cure all cancer you extend Americans lifespan by three years.

0:33.8

So in today's episode we explore why, perhaps counterintuitively,

0:37.5

we need technologists to be solving the equally real problem

0:40.5

of making health care a delightful consumer-focused industry.

0:44.0

And indeed we are seeing that trend with founders from companies like Spotify and

0:48.6

coin-based taking their aim.

0:50.8

But are these the right people for the job and can they really disentangle the regulated and complex industry?

0:56.7

Listen in to find out as we explore with A16Z bio and health general partner VijJ Cond and Investing Partner, Gracie Wolf.

1:04.7

So tech, what do you say?

1:06.1

Are you ready to build in health care?

1:10.2

As a reminder, the content here is for informational purposes only,

1:13.3

should not be taken as legal, business, tax, or investment advice,

1:16.5

or be used to evaluate any investment or security,

1:18.9

and is not directed at any investors or potential investors in any A16Z fund.

1:23.2

Please note that A16Z and its affiliates may also maintain investments in the

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