Matt Holt

speaker

356 appearances 2 recordings 1 series first heard Jan 2020 last heard Sep 2025

Matt Holt’s voice in public audio — every appearance, attributed to the second.

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McKinsey on Healthcare · How healthcare investing efforts can drive innovation · 21 Jan 2020 podcast

Yeah, absolutely.

And I'll give you an example.

We're building a business called Siox, where we work across the ecosystem, bringing technology to optimize the movement of medical records around the industry.

We work with the largest providers in the country, the largest health plans in the country.

And we were building a lot of data and information that had a great application in the pharmaceutical industry.

So we were approached by

a number of pharmaceutical companies, one of which made an investment in our business, who really helped us understand the value of the data and the services in their workflow, in their environment.

It allows us to close the loop with respect to building out an innovation pathway that we can execute against.

That's been a successful model that we're looking to replicate across other investments.

I think that it's a tremendous opportunity.

The healthcare industry broadly is wildly inefficient.

And if you just look at the embedded administration cost,

in business processes, very basic business processes like the billing function.

You have huge, huge costs, a lot of manual labor, a lot of paper-based documentation, and we're still really 20 years behind at best.

If you look at the way business is transacted in the space between providers, across providers, between pairs and providers, as well as all of the medical device and pharmaceutical companies, a lot of what we're doing is bringing

standard basic technology that has been used in, for example, the financial services end market for 15, 20 years.

And we're bringing that into the healthcare business process.

And the beauty of it is we don't really need to invent bleeding edge technology.

We're really bringing

technology, modern business process from other industries into the healthcare market.

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