Survey results. Healthcare openings at CB Insights. Apple in health.
And We’re Back!
Welcome to the (re)launch of the Healthcare Insights newsletter — more on that in a bit.
A few weeks ago, we asked for your opinions on disruption in healthcare. Here are the survey results. For all you statisticians out there, we had 625 responses (percentages are rounded for simplicity).
Amazon was the clear winner among tech giants people thought would disrupt healthcare — meaningfully beating Google and Apple (check out our recent report on Apple in Healthcare here).
It’s interesting that apart from the PillPack acquisition, Amazon has done relatively little in terms of actually bringing healthcare solutions to market compared to most of the other tech giants.
Meanwhile, Apple has a functional personal health record on the phone with EHR integrations, the first consumer medical device via the Apple Watch with ECG detection, software development kits for researchers that already have hundreds of thousands of participants, and most recently has held talks with Medicare Advantage plans to subsidize the Apple Watch.
You can read about the healthcare strategies of these tech giants here.
When it comes to the most disruptive technologies, 55% of you voted for artificial intelligence. This is probably a function of the broad applications for AI and the many different segments of the population and healthcare sector it could impact.
Notably, a number of our conversations at JPM suggested that AI was over-hyped and under-delivering (though 2018 was a pivotal year for AI in diagnostics — IDx’s FDA approval for example). Speaking of over-hyped, what happened to blockchain, coming in with just 5% of the vote?
You can see our pieces on blockchain, immunotherapies, AI, etc. and how they impact healthcare here.
The final question saw the most spread in responses. Insurance carriers and hospital systems were neck-and-neck as perceived disruption targets. Two underlying themes potentially driving this sentiment include:
1) Our means of pricing and paying for healthcare goods/services have reached a breaking point.
2) Consumer-facing businesses will have to be more competitive as patients — armed with data — have more agency in making healthcare decisions and look for better customer experiences.
New year, new newsletter
This month we are kicking off the relaunch of two of our vertical newsletters (CPG relaunch is next week, so stay tuned).
Aside from a more streamlined look, we’re expanding the scope to the healthcare industry as a whole. In every edition, we will look at the business models, competitors, and technologies that will define the future of healthcare.
You will also be hearing from more analysts on our team, as well as from analysts focused on AI and other transformative technologies and topics. Until then …