pour heart-stopping amounts of money into health care. Advanced economies typically spend about 10% ofon keeping their citizens in good nick, a share that is rising as populations age. America’s labyrinthine health-industrial complex consumes 17% of, equivalent to $3.6trn a year. The American system’s heft and inertia, perpetuated by the drugmakers, pharmacies, insurers, hospitals and others that benefit from it, have long protected it from disruption.
Yet it is Alphabet, Google’s corporate parent, whose health-care ambitions seem to be the most vaulting. Between 2019 and 2021 Alphabet’s venture-capital arms, Google Ventures and Gradient Ventures, and its private-equity unit, CapitalG, made about 100 deals, a quarter of Alphabet’s combined total, in life sciences and health care. So far this year it has injected $1.
, health records, health-related artificial intelligence and the ultimate challenge of extending human longevity. Google is also giving health records another whirl. The new initiative, called Care Studio, is aimed at doctors rather than patients. Google’s earlier efforts in this area were derailed in part by hospitals’ sluggishness in digitising their patient records. That problem has mostly gone away but another has emerged, says Karen DeSalvo, Google’s health chief—the inability of different providers’ records to talk to each other.
Autho[rIZE], in situ?
Apple doing the same!
These bets are not the same as we imagine.
Need a pandemic every year now,to show a profit.
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