Invent Health with Dr. Archana Dubey and Bambi Francisco Roizen; Episode 11
Invent Health’s weekly podcast with Dr. Archana Dubey and Bambi Francisco Roizen is the only weekly podcast that breaks down the week’s latest digital health news and what it means to patients, providers, and payers (or the payers). It also gives you an in-depth look at a specific topic to help listeners understand how innovation is changing the health paradigm.
In this episode they cover the active market of last week’s IPOs !! Doximacy goes public and the supply doubles! Doximity calls itself LinkedIn, which is solely focused on the medical industry. It also offers a telemedicine platform for mom and pop clinics. While some say Doximity competes with Teladoc, they both address different markets. Yes. They’re chasing doctors, but Teladoc becomes a new healthcare system under its brand, while Doximity is a white-label platform game. Doximity also generates revenue from pharmaceutical companies looking to sell their drugs to healthcare professionals. It is also a health systems recruiting tool. Bright Health, supported by NEA and Bessemer, went publicly at $ 18 but fell in trading. Bright Health is another technology-driven insurance company to go public after Clover Health and Oscar. Neither company does so well in the public market either. Physitrack goes public Nasdaq First North Premier Growth Market.
Direct-to-consumer telemedicine company Ro is buying kit for an undisclosed amount to enter the home-testing market, another booming area, Letsgetchecked shows $ 150 million land. Clever gets $ 43 million in funding use advanced CT scans to detect potential heart attacks.
This week’s Deep Dive is primary care again as the next Invent Health event is in November and is titled: Primary Care and the New Medical QB. Why are you focusing on this topic? The basic service is broken. Doctors are Report burnout twice as often other primary care workers. You are one of those who add insult to injury lowest paid Doctors. This was the result of a study from 2019 under 6% of health spending went to primary care in the US, compared to 14% on average in other OECD countries. General practitioners are the gateway to our health. Take that into account 79% of antidepressants are prescribed by doctors who often prefer to spend more time with patients than just administering medication.
Here’s the riddle: GPs can’t sustain the workload. At the same time, however, patients should see them more often to avoid future diseases. So what to do The conclusion: Doctors cannot be paid unit prices and per visit. You need to see fewer patients to spend more time with, but also have to interact with them in other ways, like text or FB-like messenger platforms, and get paid for those episodes. You should work closely with nursing teams, a la crossover model, consisting of a general practitioner, psychologists, psychotherapists, physical therapists, health trainers and nutritionists. Technology should be used to collect relevant information frequently so that caregivers do not have to deal with repetitive administration but also to review care teams and patients on a quarterly basis, for example. The guidance should also be a quarterly preventive visit versus an annual visit.
Editor’s note: On July 14th we will continue our virtual series Future of Mental and Behavioral Health 2021. Use “inventhealth” for a free ticket! This year’s event hosted senior VCs and C-level executives from leading mental and behavioral companies such as BetterHelp, K Health, BetterUp, Ginger, Amwell, Doctor on Demand, Kaiser Permanente, Bessemer Ventures and more from Teladoc.