WEBVTT

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- Bob, hi, welcome.

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How has innovation changed

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in the healthcare industry
as a result of COVID?

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- Well, I would say that COVID
had an accelerating impact

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across many trends

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in the healthcare space,
particularly innovation.

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We were used to a much
longer innovation cycle

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for things like drug
development, vaccine development,

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how to reach patients,

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and COVID basically, took

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what was generally a five
to seven-year timeframe

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and crammed it into an 18 month period

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and set new expectations

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for how long innovation
should take in healthcare.

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- What does it mean for the
industry overall, though?

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- Well, it certainly means quite a bit

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actually for the industry

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in terms of setting new expectations.

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If you think about
shaving two, three years

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off a development cycle,

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that has a significant
impact both on cost,

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but more importantly, on saving lives.

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If you can get new
therapies to market faster

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if you can get new diagnostics

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to screen patients for cancer faster,

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all of those things matter.

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And so I think getting those therapies

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and those tests to market quicker,

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definitely has a significant impact.

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- And what trends are you seeing
in the healthcare industry

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at the moment that you think will have

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- a difficult question! -

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but the most impact going forward?

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- Look, there are several for sure.

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Many of them were actually in
place before COVID started,

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COVID just accelerated, like a catalyst,

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even further, a further
catalyst to move things forward.

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Some of the biggest ones, obviously,

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with the announcement of
Kaiser and Geisinger last week,

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continued consolidation
in the healthcare system,

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a shift out of acute care
into alternate sites of care.

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Think about in the home,

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like we all got used to during COVID,

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where people were held out of hospitals,

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just given infrastructure demands

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and shifting care into doctor's offices,

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for their care in the home,
more consumerism continued.

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The fact that no one knew
what a molecular test

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versus a PCR versus an antigen test was

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prior to COVID,

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that consumerism, that understanding

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of where healthcare comes from,

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you know, how we use it,

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I think has continued to accelerate.

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- Bob, thank you so much.

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- Great, thanks, Georgie.