posted at 06:50
Author Name: Kevin Loria
Why Elizabeth Holmes Started Theranos
Holmes uses what happened to her uncle as a way of explaining why she started Theranos, a company valued at $9 billion that's transforming medicine by re-inventing the blood test. With Theranos, Holmes says she wants to offer individuals an easier, faster, cheaper way of getting access to their own health information, allowing them to transform their own behavior or to get treatment for serious health conditions earlier, giving them more time to get help. TEDMED/YouTubeElizabeth Holmes holds up a "Nanotainer," which holds the tiny amount of blood that Theranos can use to run over 70 tests. "I believe the individual is the answer to the challenges of healthcare but we can't engage the individual in changing outcomes unless the individual has access to the information they need to do so," she said. The lab tests Theranos provides, in theory at least, should give people much greater access to information - the very information used in 60-80% of clinical decisions, the company says. Theranos has partnered with Walgreens, so that anyone who needs a blood test can walk into a drug store - and not just during working hours. After submitting to a painless fingerprick, Theranos can run over 70 tests on a tiny sample of blood, checking for anything from blood sugar abnormalities to sexually transmitted infections, all for 50-90% cheaper than Medicare reimbursement rates. For patients making that kind of health information easily accessible has the potential make doctors visits and associated lab tests easier, cheaper, more convenient, and essentially painless.

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