Why are Tech companies getting into Healthcare? | Business Lessons with Pavan

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Healthcare is ready for disruption by tech giants like Google and Amazon. Google has made significant investments in healthcare over the past few years. Moreover, other big tech companies like Meta and Amazon are also following suit. The healthcare sector has seen many tech-enabled healthcare services over the past few years but a huge investment coming directly from the big tech companies is a recent development.

Amazon health products and Google healthcare API are just a few examples of services these tech giants have envisioned developing over the upcoming years. The digitalization of the healthcare space can be a huge boost for the sector and all other sectors depending on it. But this also means that there will be more demand for talent in tech. Tech in healthcare will revolutionize not just the industry but the lives of millions of people who are working in tech or are going to get into it in the future.

MAANG investments have been a huge trendsetter over the last few decades. Whichever sector these companies invest in sees a huge potential for growth which is also amplified by the market. This can give you a hint about the best careers for the future. It is obvious that this space is going to grow and there will be more lucrative as well as meaningful jobs coming up as we speak.

FAANG in healthcare, or if we go with the modern version, MAANG in healthcare will ensure that healthcare becomes more scalable and accessible to a larger audience in the future. This will surely bring about a big change in the healthcare sector while also making sure that tech folks can get into the healthcare sector.

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Chapters

0:0 - Intro
0:46 - Why does Big Tech getting into Healthcare matter?
1:35 - Healthcare Industry Dynamics
2:18 - Big Tech products for Patients
3:00 - Big Tech Dealing with Doctors (Amazon Clinics)
4:30 - Big Tech in Pharmacy (Amazon Pharmacy)
5:00 - Google’s Healthcare Investments
5:25 - Big Tech Health Insurance
6:48 - Outro

[Pavansathiraju]

If you are applying for fall 2023 MBA programs, check out the global MBA fellowship program:

[priyadarshinisridharan]

I love this name - What was happening in the business world when you were sleeping last night :)

[andrewwilliam]

Love this kinda series! Thanks for sharing, Pavan

[omkarsawant]

Pavan, content is top notch, please get rid of the background music 🙏

[RaviKumar-ywed]

Hi Pavan - This is very insightful. Thank you!

[anunoysarkar]

Very helpful series of videos every night

[janvidg]

Great video! Can you see any possible alliances between big pharma and tech companies in the upcoming years then?

[royalstreet]

Pavano, I have been in the Healthcare provider space, (hospitals & physican groups) for decades negotiating with payers (health insurance companies). How best would it be for me to approach tech companies that you named?