Vincent Chu @ Initialized Capital - Health Tech Innovations
The #PopHealth Show
Join us today as we speak with Vincent Chu from Initialized Capital about health tech innovations.
In this episode
Smash Notes summary for this episode
What is a good college degree for someone looking to become an investor?
While in first year in college, Vincent got sick and had to take an entire year off. It was a difficult experience, which got him to seriously consider what he actually wanted to do in life. Instead of becoming a doctor, as originally planned, Vincent switched to doing physics, his passion.
It was a "useless degree," as far as jobs were concerned, but it worked out, giving him a broad background in science and technology which he uses in investing today.
What has been one of the great innovations in health care in recent years?
In the last several years, there has been a move in healthcare away from the "fee for service" model where doctors get paid for a number of sick people they see, incentivizing sickness, and moving to a model where doctors get paid for lack of readmission, thereby focusing on prevention rather than acute fixes.
Is Elder Tech a good business?
Insurance companies recognize that if you can spend $1 on providing companionship and making elder folks feel less alone, you could save $10s of dollars on hospitalization and other issues. Given that medicare alone accounts for 600 million dollars of medical spending, elter tech has an enormous business potential.