Big tech's healthcare hurdles with Sumit Nagpal, CEO of Cherish

In this eye-opening episode, Christina Farr and Luba Greenwood dive deep into the challenges big tech faces in healthcare with serial entrepreneur and Cherish CEO Sumit Nagpal. Drawing from his experience founding five companies over the past 25 years and his time working with Steve Jobs at NeXT, Nagpal offers unique insights into why tech giants struggle to gain traction in the medical world. They discuss: Apple's healthcare ambitions, the untapped potential of hardware in health tech, the importance of understanding healthcare business models, and how lessons from the diagnostics industry could shape the future of digital health innovation.

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LINKS: 

Cherish Health: https://www.cherishhealth.com/

Subscribe to Second Opinion Newsletter: https://secondopinion.media/ 

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FOLLOW:

Sumit: https://www.linkedin.com/in/sumitknagpal/

Christina https://www.linkedin.com/in/christinafarr/

Luba https://www.linkedin.com/in/lubagreenwood/

Ash https://www.linkedin.com/in/ashzenooz/

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Apple: https://podcasts.apple.com/us/podcast/id1701006772

Spotify: https://open.spotify.com/show/3Yb8ErLRnyoAqn4Y6NegTx

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TIMESTAMPS:

(00:00) Intro

(02:04) Why big tech fails in healthcare

(05:00) Has Apple succeeded in becoming a healthcare company?

(08:44) Finding adjacencies

(10:11) Billionaires' health concerns driving tech investments

(14:19) Sponsor: Awell

(15:19) Revolving door of healthcare leaders in tech

(17:14) Culture clash in tech-healthcare partnerships

(19:26) NVIDIA's successful approach to healthcare

(20:21) Waystar IPO

(24:10) Limited options for health tech companies

(26:19) Diagnostics industry parallels with digital health

(28:22) Aligning Incentives

(31:54) "Follow the Money" approach to healthcare solutions

(34:41) The Debrief