a16z Podcast 16 Minutes on the News #6: Health Claims, Corporate Breaches
Aug 12, 2019
Join Julie Yoo, a16z bio partner and former founder of a patient provider matching startup, as she delves into the intricacies of healthcare claims data and its role in enhancing patient experiences through tech collaboration. She discusses the challenges of data liquidity in healthcare and contrasts claims data with medical records. The conversation also touches on the recent Capital One data breach, exploring cybersecurity, vulnerabilities in cloud infrastructures, and the importance of corporate accountability in safeguarding consumer information.
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Healthcare Data Liquidity
- Healthcare data liquidity is inevitable and will improve the consumer experience.
- Patients often find healthcare inconvenient, slow, opaque, and costly, but data liquidity can address these issues.
Claims Data Processing
- Claims data, the invoices of healthcare, can be in different states due to lengthy processing times (2-3+ months).
- This involves providers submitting claims, insurance companies adjudicating them, and determining patient out-of-pocket costs.
Benefits of Claims Data for Developers
- Third-party developers can create consumer-facing apps with claims data, improving financial transparency.
- This could lead to a "mint.com of healthcare," helping patients understand costs and track expenses.