Episode 57 of “The THCB Gang” will be live on Thursday, June 10, 1pm PT 4pm ET. Matthew Holt (@boltyboy) will joined by regulars: medical historian Mike Magee (@drmikemagee), THCB regular writer Kim Bellard (@kimbbellard) and futurist Ian Morrison (@seccurve). And we have a special guest, health care equity analyst at Hedgeye, Emily Evans (@HedgeyeEEvans)
You might guess that the latest meme stock Clover Health (CLOV) might make an appearance! But that won’t be all!
The video is below. If you’d rather listen, the audio is preserved as a weekly podcast available on Fridays on our iTunes & Spotify channels
I missed the job announcement on the company website. I missed it again when the company posted the job on Linkedin. I missed it when Eric Ralph tweeted that the posting was “probably the coolest job posting I’ve read in years.” Fortunately, though, I follow Isaac Kohne (MD, PhD), and I did see his tweet:
Yes, I’m talking about SpaceX. Yes, the job is for a “Starship Medical Engineer.” Yes, it’s to help SpaceX’s mission to Mars, whenever that might be. Who knows, the job might even entail going to Mars, although that’s not spelled out.
I am not, of course, remotely qualified for such a job. In fact, I don’t even know anyone who might be. But I agree with Mr. Ralph that it’s probably the coolest job posting I’ve seen in years, maybe ever. And I even more agree with Dr. Kohne: it could be an “opportunity to rethink a bigger broken system.”
Hint: I don’t think he’s talking about just the SpaceX mission.
Episode 55 of “The THCB Gang” was live-streamed on Thursday, May 20 at 1pm PT — 4PM ET.
This ended up being a special chat. Matthew Holt (@boltyboy) got to talk just with futurist Ian Morrison (@seccurve). A really wide ranging conversation between old friends and a whole lot of fun!
The video will be below. If you’d rather listen, the audio is preserved as a weekly podcast available on our iTunes & Spotify channels.
Tuesday, in case you missed it, was the deadline for filing your 2020 federal taxes (it was postponed from its usual April 15 date due to “the unusual circumstances related to the pandemic”). Nothing, Benjamin Franklin famously said, is certain but death and taxes, but if you live in the United States, you might add the inevitability of paperwork involved with both (and with healthcare in general).
The question is, does it have to be as bad as it is?
A Washington Post op-ed by Helaine Olen argues that tax filing could, and should, be much simpler. A March article in The Conversation by Beverly Moran, a tax expert at Vanderbilt, agrees. Both make the point that, for most of us, the IRS could do the work for us.
Ms. Olen asserts:
The thing is, filing taxes just doesn’t have to be this hard. In 36 countries, the nation’s tax agency sends eligible residents a pre-filled return, and asks them to sign if they agree with the amount that’s indicated is owed or should be credited to them. Japan does this. So do Sweden, the Netherlands, Spain and others.
Professor Moran has slightly different numbers, but makes the same point. She adds that our tax system is 10 times more expensive than in other major economies. This should not be a surprise; collectively, we spend close to $200b annually on IRS paperwork, taking some 6 billion hours of our time along the way.
You’d think that all this time and money spent on tax filing would at least give us an efficient tax system, but the opposite is true. The last time the IRS took a look, for tax years 2011-2013, the “tax gap” – the estimate between taxes owed and taxes paid – was $441b annually, some 16% of tax liability. IRS Commissioner Charles Rettig told Congress last month that the number might actually be over $1 trillion annually now, due to new kinds of wealth creation and more sophisticated tax avoidance.
Episode 54 of “The THCB Gang” was held on Thursday, May 13. Matthew Holt (@boltyboy) was joined by regulars: policy expert consultant/author Rosemarie Day (@Rosemarie_Day1); medical historian Mike Magee (@drmikemagee), THCB regular writer Kim Bellard (@kimbbellard) employer health expert Jennifer Benz (@jenbenz); and WTF Health host & Health IT girl Jessica DaMassa (@jessdamassa).
The topic ended up looking at the role of employers in dealing with inequality in health care, and whether the digitally enabled primary care navigation organizations could help. A great discussion!
Then video is below. If you’d rather listen, the audio is preserved as a weekly podcast available on our iTunes & Spotify channels.
Last year was a remarkable time for digital health. Obviously it was pretty unusual and tragic for the world in general as the COVID-19 pandemic continued to wreak havoc. We mourn those lost, and we praise our front line health workers and scientists. But for digital health companies, in almost no time 2020 changed from fear of a market collapse to what became a massive funding boom.
But no-one has reported from the ground what this means for digital health companies, of which there are perhaps 10-15,000 worldwide with maybe 6-8,000 based in the United States. Despite the headlines, most are not pulling down $200m funding rounds or SPACing out. So working with professional services firm Wipfli, we at Catalyst @ Health 2.0 decided to find out what digital health companies experienced in this most extraordinary year.
Between Thanksgiving 2020 and mid-March 2021, we surveyed more than 300 members of the digital health ecosystem, focusing on leaders from more than 180 private (and a few public) digital health companies. We asked them about their market, their experience during COVID-19, and what they thought of the environment. We also asked them about the mechanics of running their businesses. The results are pretty interesting.
The Key Message: COVID-19 was very good for digital health companies–on average. Most are very optimistic but, despite the massive increase in funding since the brief (but real) post-lockdown crash, most digital health companies remain small and struggling for funding, revenue, and customers.
We also heard from investors, and a bigger group we called “users” (mostly payers, providers, pharma, non-healthcare tech companies, e-patients & consultants). While these “users” also saw a big trend towards the use of (and, to a lesser extent, paying for) digital health tools and services, they were not as gung-ho as were digital health companies or investors, who were even more optimistic.
The summary deck containing the key findings is below and there is more analysis and commentary below the jump.
Episode 53 of “The THCB Gang” was live-streamed on Thursday, May 5 at 1pm PT -4PM ET. Matthew Holt (@boltyboy) was joined by regulars: futurists Ian Morrison (@seccurve) & Jeff Goldsmith; privacy expert and now entrepreneur Deven McGraw @HealthPrivacy; policy expert consultant/author Rosemarie Day (@Rosemarie_Day1); medical historian Mike Magee (@drmikemagee), & THCB regular writer Kim Bellard (@kimbbellard)
Matthew was celebrating Chelsea’s Champion’s League Semi final win, but the rest of the gang talked about some big picture issues behind public health, COVIUD and health care policy!
The video is below but if you’d rather listen to the podcast. it will be available on our iTunes & Spotify channels from Friday.
Thursday’s #THCBGang was another with a special guest. Matthew Holt (@boltyboy) was joined by regulars, employer health expert Jennifer Benz (@jenbenz); patient safety expert and all around wit Michael Millenson (@MLMillenson); WTF Health host & Health IT girl Jessica DaMassa (@jessdamassa); & Consumer advocate & CTO of Carium Health, Lygeia Ricciardi (@Lygeia).
Our special guest was Shantanu Nundy @DrNundy who is Chief Medical Officer of Accolade and more importantly author of new book Care After Covid. We dug into the question about what the post-covid health care system will look like, while I let slip why I’m grumpy Accolade just paid $450m for Plushcare! (You have to wait for the very end for that!)
Then video is up below. If you’d rather listen, the audio is preserved as a weekly podcast available on our iTunes & Spotify channels.
Episode 51 of “The THCB Gang” was live-streamed on Thursday, Jan 21. You can see it below! Matthew Holt (@boltyboy) was joined by regulars: futurists Ian Morrison (@seccurve) & Jeff Goldsmith; privacy expert and now entrepreneur Deven McGraw @HealthPrivacy; and digital health guru Fard Johnmar (@fardj). We really dug into vaccines, vaccine passports and what they means for the future of health and society. Great conversation, benefitting a lot from having a fabulous lawyer on the show!
If you’d rather listen to the episode, the audio is preserved from Friday as a weekly podcast available on our iTunes & Spotify channels.
Quick now: what’s the biggest single component of President Biden’s infrastructure plan (a.k.a The American Jobs Plan)? Fixing roads and bridges? Upgrading the power grid? Preparing the nation for electric vehicles? Giving all Americans access to broadband? Wrong. If you guessed home and community services, you’ve been paying attention.
President Biden is proposing $400b (out of some $2 trillion total spending) for this component, compared to, for example, $115b for roads and bridges or $174b to support electric vehicles. He wants to improve the pay of home care workers, fund more of those jobs, and ensure more people have access to home and community services.
All laudable goals, but not nearly enough, and not spent on the right things. I worry that we may miss a generational opportunity to fundamentally rethink the infrastructure for long-term care.
Opponents of the Biden plan argue that this part of the program is not “infrastructure” in any normal use of the word, and cynics believe it is more about satisfying the SEIU. On the other hand, long-term care advocates worry that it doesn’t do anything to improve nursing homes, nor the existing long-term care financing mechanisms.
No one is happy with our long-term care system, except maybe the people profiting from it. We spend well over $300b annually on long-term care services, plus billons more in unpaid care, but that doesn’t seem to be money well spent. Long-term care makes the rest of our messed-up healthcare system look futuristic. Since 70% of us are likely to require some kind of long-term care assistance during our lifetime, this is an issue we should all care about.
