Health Assurance Podcast: Dr. Stephen Klasko and Hemant Taneja, CEO and Managing Director at General Catalyst, talk about what's needed to transform the healthcare ecosystem and deliver what people need most. The co-authors of the book UnHealthcare discuss health equity, responsible innovation and a future that's not just making the wealthy healthier. This episode is sponsored by General Catalyst.
Summary
Transforming Healthcare Ecosystem with General Catalyst CEO
Health Assurance Podcast: Dr. Stephen Klasko and Hemant Taneja, CEO and Managing Director at General Catalyst, talk about what's needed to transform the healthcare ecosystem and deliver what people need most. The co-authors of the book UnHealthcare discuss health equity, responsible innovation and a future that's not just making the wealthy healthier. In this podcast, Dr. Steve Klasko and venture capitalist Hey Mo Tania discuss the future of healthcare in 2032 and what steps must be taken now to ensure health equity and better outcomes for all.
Radical Collaboration for Healthcare System
Dr. Steve Klasko and Hey Mo Tania emphasize that big tech alone cannot solve all healthcare woes. It is going to require radical collaboration between healthcare partners. They also discuss the serendipitous way in which Hey Mo Tania first got into the healthcare industry and the aha moment that led him to focus on building a data business in healthcare. Glen Tullman, a former healthcare executive, convinced Hey Mo Tania to come out of retirement and build a business with him. This was the beginning of Livongo, which changed their entire mindset towards healthcare.
Health Equity with General Catalyst
General Catalyst is a venture capital firm that works with healthcare systems to transition into health assurance. To do this, they have built a consortium of diverse health systems from all over the US and have gotten their boards on board. Heymont Tania from General Catalyst talks about the importance of responsible innovation in healthcare. They believe that it will take a lot of commitment, patience, and focus to solve complex healthcare problems. They also discuss how the firm is taking steps towards responsible innovation by being intentional about the change they are trying to create.
Building a Business in the Interest of Society
General Catalyst looks for founders who have the same principles of health assurance when considering investments and want them to be building businesses that are in the interest of society for long-term success. They emphasize health equity and accessibility for all. They are also developing a thesis for healthy aging, which is necessary in order to lower healthcare costs.
Urgent Need for Radical Change in Healthcare
Healthcare has seen a great deal of progress over the past 10 years and there is still a great deal of work to be done. There is an urgent need to address data issues, particularly around consumer control and value creation. We need to create an industrial utility around data that aligns incentives with public benefit.
It is evident from this podcast that radical change is needed in the healthcare system to ensure health equity and better outcomes for all. General Catalyst is one of the companies leading the charge with their focus on responsible innovation and building a business in the interest of society.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 12/15/2022 and can be listened here.
Subscribe to Beckers Healthcare Podcast here.