Amazon's secretive team is called 1492. The year Columbus entered America. Team 1492 supposedly is working on legacy electronic medical records and telemedicine.
I'm Praveen Suthrum. After 16+ years of building and running NextServices, a healthcare technology/management company, the challenges and opportunities in the industry leap out at me. I also get early access to industry trends and changes.
Whether you are seeking to start or grow your healthcare business, my weekly insights will make you spot opportunities and stay on top of your game. It'll help you think differently about healthcare.
Two ways people consistently describe what I write:
"insightful" and "thought-provoking".
Sign-up for my newsletter to get early and exclusive access to material that I don't write about elsewhere.
Amazon's secretive team is called 1492. The year Columbus entered America. Team 1492 supposedly is working on legacy electronic medical records and telemedicine.
Back in 6th century BCE, Buddha meditated under a Bodhi tree to find answers to happiness and misery. Today, we can also look at data to find those answers.
Sales in healthcare is a blessing and a curse because of the same reason: resistance to change. The industry changes slowly. To you and from you.
In today's startup culture, founders and investors obsess about valuations.
Valuation of a company is a culmination of other people's guesses of your worth.
Just look at this graph. There's a wide gap between U.S. and other high income countries. In healthcare spending. It's been widening since 1980.
How do I know this? That you have a healthcare idea.
Because healthcare affects you. Like it affects me.
There's this myth that entrepreneurs take great risks. It may be true while starting out. But in reality, most longterm entrepreneurs methodically de-risk. Do everything to reduce risk for their companies. Not increase it.
Big meeting rooms with shiny tables make me uncomfortable. Like that room inside the offices of a big-name VC firm.
Even as I waited uncomfortably there, I lusted after the logos of many a known startup. They were displayed on plaques outside the room.
There are 47 recommendations in this 13-page investigative report on Uber. Compiled by former U.S. Attorney General Eric Holder and Tammy Albarran.
The first thing that strikes you is that the recommendations are pretty basic.
This wasn't the usual South African clinic.
We were inside a high security prison for illegal immigrants. On the outskirts of Johannesburg.
Despite innovation in medical science, healthcare is usually behind other industries. By 3-5 years or more.
Access to doctors is a challenge everywhere.
But when you talk to doctors you realize that they tend to worry about patient volume. They want access to patients.
Ego wants to do big things. It's not satisfied with changing one life. It wants to transform millions of lives. It wants Likes. Recognition.
Or, it goes into its shell. Struggling to find its place in the world. Becoming small. Guilty. Jealous. Angry.
It's easy to imagine a future when your phone knows you more than your doctor. It's also not difficult to foresee the future of healthcare's challenges.
The healthcare industry is different. Full of dichotomies.