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Health Care is one field where nobody can seriously compete with state or state navked players, aka public health care or single payer. Especially not VC backe
by hef19898 3y ago
Health Care is one field where nobody can seriously compete with state or state navked players, aka public health care or single payer.
Especially not VC backed start-ups...
- lukew3 3y agoWhat's the reason for this? Is this because of extensive regulation due to insurer/hospital lobbying and patient safety laws?
- hef19898 3y agoPatient and health care regulation, for good reasons, but basically the number of shoulders to spread individual risks across (aka insurance). The latter is much easier when backed, directly or indirectly, by nation state households and budgets. Nothing beats the ability of controlling your own currency.
- nradov 3y agoThere is plenty of space for VC backed start-ups to compete in healthcare. It would be foolish to go head-to-head with a company like HCA or UnitedHealth Group. But there is a lot of opportunity to sell them better software which improves the experience for everyone in the system. Or build better medical devices or improve efficiency in the drug development process or a zillion other niche areas.
- skrbjc 3y agoSomeone needs to tackle Epic in the EMR space and overthrow their closed system.
- nradov 3y agoY Combinator has already funded several Epic competitors in the EHR space including DrChrono, Medplum, and Akute Health. Always room for more. The requirements for an EHR that can work in any provider organization are so overwhelming that no startup could directly compete against Epic. But a startup could initially target a particular medical specialty or facility type that Epic doesn't support very well, then expand out from there. https://www.ycombinator.com/companies/industry/healthcare-it https://www.ycombinator.com/companies/industry/healthcare-it Epic is no longer a closed system. They now support a wide range of open standard APIs. https://open.epic.com/ https://open.epic.com/
- theGnuMe 3y agoThere needs to be anti-trust action taken against Epic.
- tootie 3y agoAmazon partnered with Berkshire Hathaway and JP Morgan on that project. They had a built-in base of employees larger than the population of Wyoming. Still failed.