This episode features an interview with Siobhan Nolan Mangini and Bob Kocher from Venrock. Siobhan is a Partner at Venrock, where she focuses on investments in healthcare technology and services. Prior to joining Venrock, Siobhan was an operator passionate about transforming healthcare through building and scaling innovative companies at the intersection of healthcare and technology. Also a Partner at Venrock, Bob focuses on health tech and services investments. Before joining the company, Bob served in the Obama Administration as Special Assistant to the President for Healthcare and Economic Policy on the National Economic Council and was a Partner at McKinsey & Company.
In this episode, Kirk, Siobhan, and Bob explore Venrock's philosophy and approach to investing in transformative healthcare companies, the importance of aligning incentives, and the potential impact of AI and technology on healthcare delivery.
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“ Taking these dials that we're talking about and realizing, oh, I can carve out my PBM, I can put in benefits like Lyra, for example, behavioral health solution for my entire employee population. I can layer on maybe dynamic copays or narrow network designs, high performing networks, and actually have control. That idea that I am an agent of change, of providing better care, but a lower cost for my employees, is actually there and that they have the tools. That much more empowered driver's seat, to me, is where we'd be a decade from now, if not sooner.” – Siobhan Nolan Mangini
“ Changing healthcare is painful. It might be better at the other end, but the change is hard. People will have to change their insurance or change their doctors or change how they access care or it changes. We learned from the ACA and we've learned from everything since that people don't like that. You have to have something that's even stronger than the pain of changing how healthcare works. And then I think there's lots of ways to imagine how it could be better.” – Bob Kocher
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Episode Timestamps:
*(00:43): Siobhan and Bob’s paths to Venrock
*(04:38): The state of US healthcare today
*(15:44): The importance of aligning incentives
*(20:14): Empowering employers as agents of change
*(25:29): AI’s impact on healthcare delivery
*(27:45): Headwinds and tailwinds in the healthcare system
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Links:
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