The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Kocher: Improved ACA margins allowed hospitals and insurers to slow tech adoption
“For the last couple years, quite frankly, the incumbents have done pretty well, and so with the expansion of coverage, there's been a nice uptick in volume of paying customers, and the bad debt that used to plague hospitals and doctors has gone down, and so ma…”
Kocher: One-third of healthcare visits can be handled via video
“And it so happens that about a third of all healthcare visits can be handled over video from your home, you know, with a one minute waiting time for 40 bucks, which is about 30% of what it costs to go to a doctor's office and about three hours faster.”
Kocher: Healthcare regulators won't block tech that lowers costs
“Most investors and entrepreneurs at first think that regulatory risk is a big problem and really complicated. Regulators since I was one of them are seeking to make the healthcare system be more productive and lower cost. And so technologies and approaches tha…”
Kocher: Private startups, not regulation, will drive healthcare disruption through 2025
“And then over time, you know, there'll be future regulatory changes to you that probably cement some of these changes and push us further forward, but I bet for the next decade the disruption comes from the private sector, and so I feel happy to be here.”
Kocher: Obamacare architects read Clinton reform history but repeated all mistakes
“It's a book that we all read before marking up on the Obamacare reforms so we would not repeat all the mistakes and the lessons, and then we repeated all the mistakes.”
Kocher: Provider consolidation lets hospital systems raise prices and delay productivity reforms
“We've had a lot of consolidation on, on the provider side which allows those systems to raise prices and therefore feel less pressure on productivity.”
Kocher: U.S. healthcare has nine administrators for every physician
“So one of the amazing statistics about U.S. Healthcare is that for every doctor there are 16 FTEs walking around behind that doctor doing stuff, and of that 16, nine of them are administrators. That ratio has gone from one to 10 to one to 16 in the last 20 yea…”
Kocher: Building exemplary companies is the key to reforming US healthcare
“My theory of the case was that the way to make healthcare change in America more was to make more companies that show people the way.”
Kocher: Medicare targeted 80% of payments in risk models by 2018
“Medicare announced recently that their goal is to have 80% of payments in risk models by 2018 and that they're moving forward with new types of payment models like bundle payments”
Kocher: Hospitals and insurers are willing to buy from early-stage startups
“They've been jolted enough by the changes in the U.S. Healthcare economy that they're willing to take risks of trying products From earlier stage companies that, you know, may not pass the SOX to compliance, you know, tests that they used to put you through.”
Kocher: Telemedicine patient NPS is 70-80 versus 17 for doctor offices
“The net promoter scores from patients when they use video telemedicine are in the seventies and eighties. When they go to a doctor's office, it's like 17.”
Kocher: US healthcare system contains 30% waste
“The US healthcare system has 30% waste highly erratic outcomes, and unnecessary complexity,”
Kocher: Venrock prefers horizontal healthcare platforms over niche solutions
“And so I prefer ideas that Go after bigger parts of the pie and aren't sort of working on just one type of patient with one type of disease for, you know, one type of thing. And so I prefer more horizontal thinking than, you know, narrow niche-y things.”
Kocher: HITECH Act drove 90% hospital and 80% doctor computer adoption
“We gave roughly thirty billion dollars to doctors to buy meaningfully used computers and to hospitals, and today we have about 90% of hospitals and, you know, 80% of doctors using computers”