{"id":1856,"date":"2016-08-08T13:04:39","date_gmt":"2016-08-08T17:04:39","guid":{"rendered":"https:\/\/singlecare.com\/blog\/?p=1856"},"modified":"2022-03-02T12:01:15","modified_gmt":"2022-03-02T17:01:15","slug":"ceo-rick-bates-techcrunch-wont-uber-healthcare-anytime-soon","status":"publish","type":"post","link":"https:\/\/www.singlecare.com\/blog\/ceo-rick-bates-techcrunch-wont-uber-healthcare-anytime-soon\/","title":{"rendered":"CEO Rick Bates in TechCrunch: &#8216;There won\u2019t be an Uber for healthcare anytime soon&#8217;"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">SingleCare CEO Rick Bates was recently <\/span><a href=\"https:\/\/techcrunch.com\/2016\/07\/29\/there-wont-be-an-uber-for-healthcare-anytime-soon\/\"><span style=\"font-weight: 400;\">featured in TechCrunch<\/span><\/a><span style=\"font-weight: 400;\">, where he contributed his opinion on what it will take for \u201cdisruption\u201d in the healthcare space, an area traditionally resistant to the disruption that has taken hold in many other industries.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The passage and implementation of the Affordable Care Act created a perfect storm of disruption in the healthcare industry. All at once came massive systemic changes, from the expansion of Medicaid and guaranteed issue to minimum essential benefits and the creation of exchanges.<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">In the wake of ACA, <\/span><\/i><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-03-20\/dozens-of-startups-in-obamacare-s-wake-reveal-law-as-job-creator\"><i><span style=\"font-weight: 400;\">nearly 100<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">\u00a0companies sprang up to fulfill the promise of Obamacare and make healthcare a consumer-driven, retail industry, where old work rules would be broken, novel business models established and new companies could command billion-dollar valuations in a short span of time.<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">There was a surge of excitement, and, as of June 2016, the U.S. healthcare space had eight \u201cunicorns\u201d (companies valued at over $1 billion), including <\/span><\/i><a href=\"https:\/\/www.crunchbase.com\/organization\/23andme\"><i><span style=\"font-weight: 400;\">23andMe<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> valued at $1.03 billion, <\/span><\/i><a href=\"https:\/\/www.crunchbase.com\/organization\/theranos\"><i><span style=\"font-weight: 400;\">Theranos<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> at $9 billion, and <\/span><\/i><a href=\"https:\/\/www.crunchbase.com\/organization\/zenefits\"><i><span style=\"font-weight: 400;\">Zenefits<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> at $4.5 billion.<\/span><\/i><\/p>\n<p><i><\/i><i><span style=\"font-weight: 400;\">But healthcare is a stubborn space. Think of it like a Rubik\u2019s Cube, where every move has a ripple effect, and solving multi-faceted problems is par for the course. In these conditions, innovative models battle strong headwinds\u2014a fact many VCs and founders overlooked as they rushed to build businesses following the patterns of technology-driven disruption that have transformed industries such as shopping, transportation and entertainment. Those companies that approach this three-dimensional problem with only two dimensions\u2014by cutting corners or finding \u201cshortcuts\u201d\u2014have found themselves lost.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">To read the full article, continue to <\/span><a href=\"https:\/\/techcrunch.com\/2016\/07\/29\/there-wont-be-an-uber-for-healthcare-anytime-soon\/\"><span style=\"font-weight: 400;\">TechCrunch<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SingleCare CEO Rick Bates was recently featured in TechCrunch, where he contributed his opinion on what it will take for \u201cdisruption\u201d in the healthcare space, an area traditionally resistant to the disruption that has taken hold in many other industries. The passage and implementation of the Affordable Care Act created a perfect storm of disruption [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":6931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[7],"coauthors":[8861],"class_list":["post-1856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company","tag-singlecare","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CEO Rick Bates in TechCrunch: &#039;There won\u2019t be an Uber for healthcare anytime soon&#039;<\/title>\n<meta name=\"description\" content=\"SingleCare CEO Rick Bates gives TechCrunch his opinion on what it will take for &#039;disruption&#039; in the healthcare space where change is slow.\" \/>\n<meta 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