Transcarent’s Bet on AI and the End of Healthcare Scarcity
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Welcome to another episode of Bloomberg Intelligence's Vanguards of Healthcare podcast, where we speak with the leaders at the forefront of change in the healthcare industry. My name is Jonathan Palmer, and I'm a healthcare analyst at Bloomberg Intelligence, the in-house research arm of Bloomberg. I'm thrilled to welcome back Glenn Tullman, the CEO of Transparent, who previously joined us for an episode in April 2023. Glenn is a titan in this sector. He's formerly the CEO of Livongo and Allscripts, and he's also the co-founder and a partner of Seven Wire Ventures. I'm beyond excited to have this opportunity to sit down with him again. Glenn, welcome back.
Well, thank you very much. It's great to be back.
Well, why don't we start at a 30,000-foot view with what TransKaren is, and maybe we can cover a little bit what's changed in the last few years since we chatted.
And how much time do we have? Because a lot has changed.
Maybe the elevator pitch.
Let me start off with Transparent. So in some ways, it's very simple to understand. And this is the beauty of health care, because all of us have experienced health care. And so when we think of Transparent, we really think of our vision. And our mission, our vision is all of your health and care in one place. Imagine that if you could just look at your phone and everything you needed to do was right there. Wouldn't that make life a lot simpler? And our mission is to make it easy for people to access high quality, affordable health and care. So make it easy. First and foremost, when I moved out to Silicon Valley, they kept saying, you know, we don't understand health care because everything you do creates friction.
It's a copay. It's coinsurance. It's, you know, preauthorizations. It's approvals. And why don't you just create something that makes it easy for people? That's what we do in Silicon Valley.
Right.
So that always stuck with me, making it easy. The second thing is access. And when you think about access, think about the fact that in health care, most access other than an ER is eight to five. And that happens to be exactly the time that most of us work. And that's when our children go to school. So it's as inconvenient as you can make it. And in fact, some doctor's offices even close during the lunch hour. So the idea is I'll pop over there during lunch. So easy to access, high quality. First and foremost, it's about our health. And you and no one else listening to your podcast would ever say, find me the cheapest place that I can get care for my kids. We all focus on quality first, and that's what we do at Transparent.
So easy access, high quality, affordable. It doesn't help you if I say here's the best place, but you can't afford it.
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Chapters
4 chaptersSpeakers
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