Article source: Jessica Hagen, pharmaphorum. Image source: Mathieu Stern, UnSplash
Jack Torrance, investment specialist for Baillie Gifford’s Health Innovation Fund, tells us how the organisation ensures its investments will have the most significant positive impact on all stakeholders within the healthcare ecosystem.
Much of the healthcare system has not changed in line with other sectors or caught up with the advances in digital innovation. The Health Innovation Fund aims to invest in companies that strive to help the industry progress for the betterment of healthcare providers and patients.
“We’re looking at how healthcare is significantly changing the way that we understand, map, and then build medicines and how that can change by making health more operationally efficient,” Torrance states.
The status quo in the healthcare sector is an antiquated and fossilised model, Torrance says. Improving efficiency in care will translate to a much more productive system for healthcare providers and patients.