Theranos. Simply Amazing

Do you remember when smart-phones were car-phones and they were the size of a brick? Or how about when TV's were GIGANTIC and took up half a room. Now we have computers in our pockets and giants screens taking up only space on the wall. In a few years we will be looking back and saying "remember when we had to give big tubes of blood for each test and it was so expensive".

Thanks to Theranos we now only need a single drop of blood for up to 30 tests! The company has recently raised $400 million and has been valued at about 9 billion dollars. Elizabeth Holmes founder and leading shareholder at 50% has been building this company since she was 19 years old. She dropped out of Stanford in an attempt make actionable healthcare available to everyone. She is well on her way, the cost of all of the tests that Theranos covers are all published on their website and other marketing materials. They are less than half of what the standard medicare and medicaid reimbursement rates are. If ALL blood testing were done through Theranos it would save Medicare and Medicaid over 200 Billion over the next decade! I think the actual number will be considerably less because Theranos is still a relatively new company and needs time to grow and implement their testing facilities into the market. Eventually it they should be doing all testing.

I have no doubt in my mind this company is going to continue to grow exponentially. This is EXACTLY what we need to see more of in the healthcare industry. People working and being creative to decrease cost and increase accessibility. This is going to help so many people and it will most likely eventually save you a few dollars a month on your healthcare bill whether or not you actually get blood work or not.

EVERA. Everyone should feel this good about healthcare.  

Sources:
http://www.wired.com/2014/02/elizabeth-holmes-theranos/

http://www.theranos.com