healthcare

“It's more about designing a new paradigm in machine learning from scratch.”

“Today it accounts for about 20% of our GDP, and that number is going to double over the course of the next three decades.”

“Healthcare is not healthcare. Healthcare is sick care.”

“It's never going to be computers versus doctors. It's a false dichotomy. It's a false comparison. It's always going to be doctors and computers. And naturally, they would be better than computers or doctors alone. And I think this is the future of healthcare.”

“I think you might be seeing where I'm going with this, is that that's a lot like what we have to do in biology. You know, we have to get into the code which is a mess and understand it, and just understanding the code of biology is something extremely difficul…”

“I think we have a bunch of investments we've made that we haven't announced yet, but that people will see soon. We've made whatever. 10, 10 investments in healthcare recently or something. So, and some very, very serious stuff with, you know, like experienced …”

“I would say that three industries in particular that are very good candidates for you know, full stack startups are finance, education, healthcare.”

“Technology steadily drives down prices in sectors like media and in financial services. But technology is not yet driving down costs, ah, in healthcare and education.”

“The only way to do that is to apply technology. Otherwise we'll let you bankrupt the planet trying to do it with the current techniques.”

“I think the three big ones that we think a lot about for the next, you know, five or 10 years Are, and they're really, really big, you know, domains, and so these are long-term projects, but healthcare education, and then ultimately government.”

“The big ones that we're working on right now that we've done some work in that we want to do more in are education, health care, and financial services. And those are the three really big ones that we think are up next.”

“The delivery of healthcare is, is massive and probably the most active sector we see.”

“We're not really even at the point yet where we can start to apply all these amazing advances in AI and all this kind of stuff to healthcare, because we still haven't really created that, that decision layer on top of the billions that have been spent on EMRs.”

“If you look at the cost of dental care over time, it's flat or down in inflation-adjusted dollars, and the quality of the care has gone up. If you look at over the exact same period of time in healthcare, it's the exact opposite trend.”

“20 years ago, 25 years ago, healthcare was 10% of GDP. Today, it's 19% of GDP.”

“I think about life extension very much as the ultimate endpoint for improving healthcare and why we're doing this in the first place.”

“The kicker to the whole thing is if you have, the sectors where prices are crashing by definition, right, are shrinking as a percentage of the economy, and the sectors where prices are rising are growing as a percentage of the economy, and so what's actually h…”

“One place where that you see that natural place that humans are really good is when there's a high number of scales of different types of information or data, right? So, for example, in healthcare, everything from how your mitochondria or the electron transpor…”

“You know, I think 10 years from now, everybody's gonna raise their hands, right? That's gonna just part of healthcare”

“Healthcare, we're going to look back 10 years from now and go, oh my god, we let humans who had only seen four cases of this decide what to do next instead of running it through, you know, here are the symptoms and evaluating against terabytes of historical da…”

“The go-to-market for healthcare in general is probably the hardest go-to-market.”

“There are these giant sectors of the economy in which not only is there no productivity growth, like overall in both healthcare and education, there is no measured growth. There is no measured results in the application of technology in those fields, and in fa…”

“So people are going to retire and become more engaged than their parents were in their own health care.”

“And, you know, this notion of fintech for healthcare is one of the sort of most obvious low hanging fruit opportunities for technology to be applied because it is a very high transaction area, and much of the activity that occurs in this area is highly adminis…”

“It's kind of the healthcare version of a trend that we've seen play out in B to B software. So, you know, you might think about Slack or Zoom or Dropbox or these products that you as an individual user can obviously adopt, but then what these companies are the…”

“While two-sided networks can be more complex to execute, founders who choose this go-to-market strategy are typically addressing at least one of three situations in which it can be worth the effort. One, broken data flows between two or more sets of constituen…”

“And like self-driving cars, if it makes, if some other doctor in some other state had a patient last week, and it made a mistake, and they fixed The mistake. It will not make the mistake again on your patient.”

“The combination of those two things, I think, will make it very difficult for the existing incumbents, at least on the tech side, to dominate.”

“If you're an adventure guy or woman, and you're trying to get a 10 X, Get the hell out of media. Go to healthcare, or go to energy, or technology places that you're much more likely to get that kind of return.”

“If you look at kind of all the economic statistics by sector, healthcare, education, housing are basically increasing you know, in terms of cost, you know, at a much faster rate than the, than all the others. And they're the sectors where the tech industry has…”

“If you're building an insurtech business in healthcare, there are regulatory requirements around cash reserves and, you know, what kind of financial profile you need to have as a business to be able to stand up and it's state by state as well.”

“Certainly one of our core theses at ASICS and Z has been that every company is going to become a fintech company. And Julie and I have been riffing that, you know, Either every healthcare company is already a fintech company or is certainly going to become a f…”

“Healthcare is one of those domains where I think regulation can be a tailwind for innovation and category creation.”

“I think you've seen that play out over the past, you know, five plus years in areas like vertical software, where again, you know, companies have started by solving kind of a software workflow in lots of different categories, and then it become kind of layerin…”

“We think that the only way to get it right is really to have hybrid DNA on the founding teams of these companies, such that you truly have expertise on, on both sides of the aisle, so to speak.”

“Many industries are still going through a lot of the pain that, you know, we all saw in, you know, healthcare, transportation, logistics, other areas are still seeing incredible challenges hiring employees and retaining them.”

“Address the drivers of the vast majority of death, disease, and costs in this country, which are driven by behaviors, which cannot be treated in any single visit, often don't require a physical facility.”

“There's a reason that artificial intelligence is a buzzword and artificial empathy is not. And I don't think there is any substitute substitute for just the human accountability.”

“So I think the immediate part is something that is so good, like not 10% better than what you have now, but like 10 X better than what you have now, that the adoption becomes natural. Or so easy to adopt that even 10% better could work.”

“These are like some of the rare cases where healthcare is actually ahead of the curve as far as technology goes.”

“And arguably everything that's wrong with healthcare is because it is done at the population health level, because it's inherently then designed for, like, least common denominator, and therefore, like, the majority of people aren't actually being accommodated…”

“Yeah, so, so AI is going in the Moore's Law direction, and healthcare is going in the other one. Sooner or later, AI's gonna be way cheaper.”

“And so we're seeing signs that the same shift from defined benefit to defined contribution that we saw in retirement happening, happening here in, in healthcare.”

“The average is, like, two to five percent of budget goes towards IT in healthcare versus, like, 15 to 30% in, like, banking or financial services.”

“One of the dynamics that we believe is driving this rapid adoption cycle of these new AI tools is what we call this kind of leapfrog dynamic, where, you know, healthcare historically has been a laggard with respect to software-based technology. And we've alway…”

“We are the only industry that actually has an existing regulatory framework for approving products, especially in the clinical setting.”

“Yeah, you know, healthcare works at the speed of trust. So a lot of it happens through local relationships, and just getting to know folks, and showing up.”

“The best consumer talent in the world work in technology.”

“I suspect that for those reasons, it's something that The big tech companies will try, and we've seen Apple and Amazon and Google all dabble, but I think those experiments probably won't fit the way they want to build their company, and so I think they'll stay…”

“90% of health care is going to be delivered probably from your phone and in your home.”

“20% of AI dollars have gone toward healthcare”

“We think we're about to have a similar moment in healthcare where we're gonna leapfrog over traditional software and we're gonna go straight from human services to AI.”

“And it turns out Silicon Valley Is getting an injection of people that have spent their careers working on ads and games that as they go through their careers go, I want to do something that matters to me.”

“Healthcare is 20% of the economy on its way to 50%.”

“We're actually kind of approaching healthcare in a similar way, which is start with what is the most underserved, because that's where we can have the largest impact. The most underserved and the most complex, because if you sort of solve those problems, then …”

“So they kind of feel very, very different, but from admin organizational operations perspective We, we've barely been surprised by anything by transitioning to healthcare.”

“It'll go higher, but because we're going to get some amazing treatments. Because now you get, you know, single treatment cures that might cost three million dollars. That, you know, that jacks up the total cost.”

“Law and healthcare, they're still a little too squishy, a little too soft. It's unlike math or code.”