Episode Details
Join us on the latest episode! Our Guest: Andrew Adams, Co-Founder & Managing Partner, Oak HC/FT Partners
What you’ll get out of this episode:
- Andrew, co-founder and managing partner of Oak HCFT Partners, shares his journey from investment banking to healthcare investments.
- Oak HCFT focuses on three pillars: reducing system-wide costs, improving quality, and enhancing patient experience.
- Startups should aim to solve real, unmet needs in healthcare and integrate with existing workflows.
- Andrew discusses the potential and limitations of AI in healthcare, emphasizing its role as a tool rather than a replacement for healthcare professionals.
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Introduction
The healthcare industry is at a pivotal moment, teetering between traditional practices and groundbreaking innovations. In a recent episode of the Slice of Healthcare podcast, host Jared S. Taylor sat down with Andrew, the co-founder and managing partner of Oak HC/FT Partners, to discuss the future of healthcare, investment strategies, and the role of AI in the industry.
Key Takeaways
- Andrew’s journey from investment banking to healthcare investments
- Oak HC/FT Partners’ focus on cost, quality, and patient experience
- The importance of addressing real pain points in healthcare
- The role of AI in healthcare: opportunities and cautionary tales
Andrew’s Journey: From Investment Banking to Healthcare Investments
Andrew’s career began in investment banking, eventually leading him to focus on healthcare services. His experience during the late ’90s, a time of significant government cuts in healthcare, shaped his understanding of the need for innovation and efficiency in the industry.
Investment Focus: Cost, Quality, and Patient Experience
Oak HC/FT Partners aims to invest in solutions that address system-wide costs, improve quality, and enhance the patient experience. Andrew emphasized the importance of Net Promoter Score (NPS) as a measure of patient satisfaction and its growing relevance in the healthcare industry.
Addressing Real Pain Points
Andrew stressed the need for startups to focus on real, unmet needs in the healthcare industry. He mentioned that the solutions should not be “rip and replace” but should instead integrate with existing workflows to drive innovation.
The Role of AI in Healthcare
AI is a hot topic in healthcare, and Andrew sees its potential in improving administrative efficiency and data quality. However, he also cautioned against over-reliance on AI for clinical decisions, emphasizing that it should act as a tool to assist healthcare professionals rather than replace them.
Slice of Healthcare Wrap Up
The conversation with Andrew provides valuable insights into the future of healthcare, highlighting the importance of focusing on real pain points and the cautious optimism surrounding the role of AI. As we move forward, these perspectives will be crucial in shaping a healthcare system that is both efficient and patient-centric.
WORD FROM OUR SPONSORS:
Our sponsors for this episode are Sage Growth Partners, FlipMD by GoodRX and Quantum Health
Sage Growth Partners accelerates commercial success for healthcare organizations through a singular focus on growth. The company helps its clients thrive amid the complexities of a rapidly changing marketplace with deep domain expertise and an integrated application of research, strategy, and marketing. For more information, please go to www.sage-growth.com & follow Sage Growth Partners on social media – @sagegrowthpartners
GoodRx is a company that operates a platform and mobile application providing information and discounts on prescription drugs. It was founded in 2011 with the aim of helping consumers save money on their medication costs. GoodRx acts as a bridge between consumers, pharmacies, and pharmaceutical companies.
The primary function of GoodRx is to aggregate and compare prices of prescription drugs from various pharmacies across the United States. They gather pricing information for both generic and brand-name medications, allowing users to find the most affordable options available to them. The platform provides users with details about drug prices, discounts, and savings opportunities at different pharmacies in their local area.
For more information, please go to https://www.goodrx.com/ & follow FlipMD on social media – @goodrx
Quantum Health is an award-winning consumer healthcare navigation company that delivers an unparalleled consumer experience based on empathy and trust, enabling employers to achieve industry-leading satisfaction rates and independently validated claim savings. Launched in 1999, Quantum Health’s model is based on years of consumer research and the insights learned from guiding millions of consumers and their providers through their healthcare journey. Visit: https://quantum-health.com/ and follow Quantum health on social media – @Quantum Health
To learn more about Notable Health please use the links below:
– Oak HC/FT’s LinkedIn – Oak HC/FT‘s Website –
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