November 5, 2013

Consumerism of the younger generation drives demand for healthcare services similar to those offered by online retail stores. This demand will transform the healthcare industry. A patient wants a meeting with a doctor to become a meeting of equals: if you want to buy something at Amazon at 2am - you can, if you want to contact a doctor at 2am - you cannot. If there is a need, there should be a solution. The companies that offer flexible scheduling, One Medical Group (www.onemedical.com), ZocDoc  (www.zocdoc.com) are among those responding to a growing demand and to a pressure shifting the supply curve in Heathcare through technological advancement. The market is ripe for technological disruption, and technology venture investors are competing with healthcare investors: who will drive change in healthcare first. David Mayer, Partner at Abingworth, offers some more insights into this: http://www.pehub.com/2013/10/14/tech-investors-well-positioned-disrupt-healthcare/