Why Investing in Healthcare Innovation Matters to Us
Enterprise, Healthcare, Technology | January 6, 2012 | By Michael Yang
Ahh – New Year’s Resolutions. It’s that time of year when we get besieged with ads and Facebook posts from friends about new gym memberships and finally getting fit this year. Whether you should go to the gym or not (as Men’s Journal provocatively suggests), or whether you should jump on the latest diet craze (and be a “Caveman”), there are so many unresolved questions regarding your healthcare. This is further compounded by the macro-issues facing America: We spend more on healthcare on a GDP percentage basis than any other developed nation, and despite all that, our collective health has declined.
This, coupled with regulatory and reform changes in motion, make for a fascinating 2012.
Without a doubt, healthcare is complicated for the average American, and we are increasingly becoming healthcare illiterate consumers. Do we have insurance? Do we know if we’re covered for it? Do we have a good doctor? Can we get an appointment with our doctor? Do we know what hospital we should be going to? Is this the right therapy? Do we know what drug we should be taking? What are the side effects? Are we getting better? Will it work? Do we know how much this is going to cost us? How are we going to pay for this? The list of questions goes on and on.
At Comcast Ventures, we have invested in two companies that help to address this:
- Accolade is a healthcare services company that supports Fortune 500 self-insured employers with a new type of benefit. Each employee has an Accolade Health Assistant that is available to them on a 1:1 basis for any healthcare-related questions.
- Healthline, on the other hand, serves consumers online, at large. With an array of health information, applications and technology, Healthline allows users to self-manage many of their healthcare needs.
The winds of change are blowing on healthcare and it’s nice to see motivated actors and innovation on the scene. Comcast Ventures is emboldened by the millions of lives that Accolade and Healthline have successfully impacted and by the influx of ehealth/healthcare IT entrepreneurs that we meet. We’re eager to continue to advance healthcare in America, one small step at a time, and would be honored to collaborate with you. You know where to find us.