FHC #193: What’s fueling medical mistrust & why startups fail

In this Diving Deep episode of Fixing Healthcare, cohosts Dr. Robert Pearl and Jeremy Corr examine two pressing topics: the hidden causes of patient mistrust in doctors and the top reasons healthcare startups fall short.

The episode begins with a striking question: Why don’t Americans trust their doctors anymore?

For most of the past century, physicians were among the most trusted professionals in America. But recent Gallup data reveals that just 44% of Americans now rate their care as “good” or “excellent,” and trust in physicians’ honesty and ethics has fallen to its lowest level in over 20 years.

While COVID-19 and political division may seem like obvious culprits, Pearl traces the real cause to an inflection point back more than two decades ago. That’s when medicine’s greatest challenge shifted from treating short-term illnesses to managing chronic diseases, conditions that require time, coordination and repeated follow-up.

Instead of adapting, the system stagnated. Doctors remained siloed in fee-for-service models that reward volume over outcomes. Insurers rationed access. Appointments became harder to get. Visits were rushed. Misdiagnoses rose. And patients began to feel abandoned.

In the second half of the episode, the hosts turn to the topic of healthcare innovation and why so many startups fail to live up to their promise. Despite record funding, the graveyard of failed startups keeps growing.

Pearl outlines the five most common pitfalls but also offers hope. Startups that understand patient needs, partner with clinicians and understand the system’s reimbursement models can still succeed.

HELPFUL LINKS

• The Hidden Reason For Americans’ Declining Trust In Their Doctors (Forbes)
• How To Avoid 5 Common Mistakes Healthcare Startups Make (Forbes)
• Monthly Musings on American Healthcare (Robert Pearl’s newsletter)

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Dr. Robert Pearl is the author of “ChatGPT, MD: How AI-Empowered Patients & Doctors Can Take Back Control of American Medicine.” All profits from the book go to Doctors Without Borders.

Fixing Healthcare is a co-production of Dr. Robert Pearl and Jeremy Corr. Subscribe to the show via Apple, Spotify or wherever you find podcasts. Join the conversation or suggest a guest by following the show on Twitter and LinkedIn.

The post FHC #193: What’s fueling medical mistrust & why startups fail appeared first on Fixing Healthcare.