33: Disrupting the Healthcare Economy, with Mike McSherry, Founder and CEO, Xealth; Brandon Weber, Co-founder and CEO, Nava; and Sean Mehra, Founder and CEO, HealthTap
Meet the Guests:
This episode showcases three guests previously featured on Day Zero. Mike McSherry is the CEO of Xealth, a platform that facilitates clinicians prescribing digital health tools to patients, tracking usage, and improving digital health recommendations. Brandon Weber is the co-founder and CEO of Nava, a benefits brokerage firm that facilitates high quality healthcare to employers. Sean Mehra is the founder and CEO of HealthTap, a virtual-first, affordable urgent and primary care clinic.
Key Insights:
Healthcare presents a unique ecosystem for entrepreneurs. No market is as complicated, regulated, and confusing as healthcare.
- Advancing Technology. Entrepreneurism in healthcareis extra challenging because healthcare often lags in adopting new technology. A hospital may have cutting edge MRIs, and yet still use fax machines. Unpredictable adoption can be due variable reimbursement plans, conflicting incentives, and government regulations. (1:39)
- Fixing the Bottleneck. There is a huge explosion of innovation on the supply side of healthcare, but it is not reaching buyers. Part of the bottleneck is in the benefits brokerage industry. Brandon thinks the future might already be here, it’s just not evenly distributed. (3:30)
- Expanding the Production Possibility Frontier. In the next 5-10 years, Sean predicts that technology innovation will make supply and demand transactions more efficient, such as telehealth better connecting patients to providers, and make supply itself more efficient, like AI and algorithms to help providers. (5:39)
