Our latest paper talks about hot new valley startups and unicorns that are changing healthcare.

Summary:

  • Buoyed by as much as $4.3 billion in venture capital in 2014, which stood at 2.1 billion in the middle of 2015, well-funded silicon valley innovators are moving quickly to seize opportunities arising from the gaps left by traditional healthcare companies
  • This has been described as a gold rush by consulting firm PwC, with $1.5 trillion in reform-driven potential demand for healthcare products and services, amounting to an estimated $150 billion in profits.
  • Among those seeking to profit by shaking up the healthcare industry are non-medical companies such as Google, Uber, and Yelp.
  • Startups everywhere are vying to build the next “Uber for Healthcare”11. They are experimenting with new business models to address the rapid consumerization of healthcare and a confluence of other forces in the sharing economy.
  • A whole new class of “unicorns” – business with valuations of a billion dollars or more, is emerging.
  • Healthcare enterprises are adjusting to these emerging trends, and most importantly, transform into consumer-oriented businesses
  • Consulting firm Accenture predicts that half of the VC-funded digital health “zombie start-ups” who are enabling this transition will die or be acquired by healthcare companies

Click here to download PDF Rise-of-the-Geeks