The novel coronavirus could accelerate digital healthcare

Apr 14 13:04 2020 Print This Article

It’s been over five years since my friend Jonathan Libov and I wrote a blog series on digital healthcare. I revisit these posts every so often – most recently, when I wrote the 2020 edition of our areas of interest in healthcare. Each time I go back, I’m reminded that despite so much development in digital healthcare technology and infrastructure, we have yet to see mainstream scale. 

Time and time again, I’ve pondered and written: what is the forcing function for healthcare to be delivered digitally? With so many stakeholders in the healthcare system, could it be patients? Caregivers?  Medical care professionals? Clinics and hospital systems? Pharma? Pharmacies? Payers? Government?

Turns out, it’s all of the above working together to fight a global pandemic. 

Over the past month, we have seen an acceleration in the adoption of digital healthcare in response to the novel coronavirus. From telemedicine apps to IoT sensors, many digital healthcare products have been built and ready-to-go, but they never quite hit escape velocity. Until now. Virtually overnight, these have become critical tools while we’re sheltering in place. To be specific: 

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Version One is an accelerator for innovative start-ups with a fresh approach to solving important and difficult problems. They invest in category leaders that leverage network effects to build a defensible product. Version One has invested in over 50 internet companies such as Frank and Oak. Angel List, Booster, and more.

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