As an investor, I use three heuristics to evaluate healthcare startups. Will the product or service… Improve dramatically a patient’s experience of care? Materially reduce the per patient cost of healthcare? Deliver meaningful health improvements...
Bob KocherThis data will knock your socks off!
At two years, 55% of Virta's type 2 diabetics have achieved a A1c <6.5%. Nearly all of @virtahealth patients take fewer medications which saves a ton of money and makes people feel much better too.
Bob KocherIn case you were wondering...the streak continues. Healthcare added 35K jobs in June and is up to 403K jobs over the past 12 months. Of the 35K, 11K were in hospitals (+106K jobs over the last 12 months).
Bob KocherTerrible jobs report in February -- but Healthcare kept hiring adding 21K more jobs. The entire economy only added net 20K jobs to put this in perspective. This is why healthcare costs so much and why we need lots more labor productivity!
Hidden provisions in contracts between health-care providers and insurers allow hospitals to hide prices from consumers, add fees and discourage use of less-expensive rivals.
Bob Kocherif Walmart doesn’t have enough market power to actually penalize low-quality providers, you and I definitely don’t, either — especially if we can’t find out what the prices are, and especially if we only have one hospital to choose from in the first place
Bob KocherGreat piece by @davidbeier1747 on the merits of a sugar soda tax and how to get the politics right to enact it in CA. It sure seems like CA is going to be the next Massachusetts when it come to health policy innovation!
All of California’s electricity will come from clean power sources by 2045 under legislation signed by Gov. Jerry Brown on Monday, the latest in a series of ambitious goals set by the state to combat the effects of climate change.