The scientist has made a career of replacing invasive, painful, and dangerous procedures with simple, cheap tests that can be performed almost anywhere.
Just this year, a blood panel he developed to detect genetic birth defects has been taken by more than three million women, replacing the need for amniocentesis and giant, uterus-puncturing needles. At the WIRED25 Summit Monday morning, Quake pronounced, perhaps jokingly, that colonoscopies were next. Vigorous applause ensued.
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The goal of Oscar is to do to health care what Uber did to the taxi industry: use smart digital technology to make everything faster and easier for customers, and then use the data gathered to build radically new services, which can collect more data that leads to new services. Ideally, Oscar would like to accomplish this without cracking as many eggs on its own head as Uber did.
Alphabet, Google‘s parent company, invested early in Oscar through its venture capital fund Capital G and its health services spinoff, Verily. But today they’re announcing a much larger, and more strategic, investment of roughly $375 million.
Mario Schlosser, the CEO of Oscar Health, wants technology to cure what ails the health care industry. And now Alphabet, Google’s parent company, is betting $375 million on this digital panacea.
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