Village Global Podcast
How To Build a Health Tech Company with Owen Willis and Nikhil Krishnan
Feb 9, 2021
Owen Willis, lead of the On Deck Health Tech Fellowship, and Nikhil Krishnan of Out-of-Pocket, discuss the evolution of health tech, common misconceptions about building a company in healthcare, and the purpose and benefits of the fellowship. They also touch on building platforms in health tech, resources to learn more, and details about the on deck health fellowship.
26:17
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Quick takeaways
- The history of health tech is closely intertwined with advancements in medicine, including developments like pacemakers, polio vaccine, and investment in Genentech.
- In the past decade, healthcare industry has witnessed shifts in business models, ease of starting new companies, and opportunities for innovation in streamlined healthcare entrepreneurship.
Deep dives
Evolution of Health Tech and Digital Health
The history of health tech is closely intertwined with the advancements in medicine over time. Significant inflection points include the development of transistors enabling the creation of pacemakers, the polio vaccine that led to the eradication of the disease, and the investment in Genentech by Kleiner-Birken. Other factors that have propelled health tech forward include the advent of the World Wide Web, smartphones giving consumers more access to healthcare information, electronic health records allowing better collection and usage of patient data, and the recent impact of COVID-19, which has prompted regulatory changes and accelerated telemedicine and healthcare delivery reforms.
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