Blue Shield of California is investing in new technologies aimed at making health care more affordable and efficient. Jeff Semenchuk, the insurer's chief innovation officer, spoke with Entrepreneur.com about what the new system could look like in less than five years.
"By 2023, we see a new healthcare system," says Semenchuk. "We're calling it at Blue Shield the healthcare model of the future. It works as an integrated ecosystem of a lot of different partners and players that currently work in silos. That could be hospital systems, that could be providers of health records, that could be doctors, that could be insurance plans. So, what we need to do is come together around the member, around the patient and actually equip the patient and the member to be in charge of their health and wellbeing," he says.
Watch Semenchuk's interview here.