Read the full GoodCrowdinfo article and watch the interview here: http://bit.ly/1KZ0wna. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Dave Chase, Managing Partner of Healthfundr, an investment crowdfunding site for healthcare companies is well positioned to offer insights for investing in the industry for impact. He’s provided three keys for investors, employers and the healthcare companies and their patients: Problems breed opportunity: As Peter Diamandis famously said, “the world’s greatest problems are also the world’s greatest business opportunities.” Studying the ongoing collateral damage from wasting over $1 trillion every year (just in the U.S) makes it clear that healthcare’s status quo is the greatest immediate threat to the American Dream. The great news is that the solutions to fix the mess have all been created, proven and modestly scaled, they just haven’t all been brought together. The companies driving that transformation represent a tremendous investing opportunity. Thus, we believe it’s a false choice to think that the proper investing strategy in healthcare requires a trade-off between impact and financial returns. We can radically reduce costs: I’ve studied the leading employers and unions that recognize that employers are pouring more than enough money to fund a great benefits package and a comfortable require. Unfortunately, accepting the status quo of how we purchase healthcare ensures we get neither. There is now a blueprint for how to do it in a way that thrills both employers and employees/union members. While delivering great benefits, organizations are spending 30-50% less per capita on health benefits. The dollars that would have otherwise been squandered on healthcare are funding great (non-healthcare) benefits, company R&D and community benefit. Improving conditions for healthcare providers improves outcomes for patients: I’d encourage you to look at the leaders of the Quadruple Aim movement. Unfortunately, more than half of doctors and nurses are showing signs of burnout and doctors have the highest rate of suicide due to how healthcare is operating. This is bad for the clinicians as well as the patients they treat. Fortunately, the leading organizations recognize that optimizing the care team experience naturally leads to a better patient experience. When that happens, health outcomes follow as the patient and care team truly work as a team to achieve the optimal outcome. That, in turn, leads to lower healthcare costs. It’s happened so frequently and in so many different settings, it’s indisputable that it can be done well. Read the full GoodCrowdinfo article and watch the interview here: http://bit.ly/1KZ0wna. Please consider whether a friend or colleague might benefit from this piece and, if so, share it.
#361: Three Keys To Healthcare Investing For Impact