My new book, The End of Medicine: How Silicon Valley (and Naked Mice) Will Reboot Your Doctor is out today from HarperCollins. I hope you enjoy it.
Like Wall Street Meat and Running Money, it's basically a bunch of funny stories with the conclusion that cheap enough technology will enable early detection and a lot less folks will have a heart attack, stroke or cancer going forward.
I spent the last several years following doctors around, digging around research labs, going to imaging conferences and getting myself poked, prodded and scanned. And I hate the sight of blood, what was I thinking? In the end, it really comes down to finding silicon so diagnostics can get cheap enough for insurance companies and Medicare to make it mainstream.
The press release is below, and over the next few weeks, I will put up a few excerpts.
For Immediate Release
Contact: Beth Mellow Publicity Manager Ph: 212.207.7727 firstname.lastname@example.org
Andy Kessler follows the
money onto the frontiers of medicine and discovers that we may never have heart
attacks and perhaps cancer again
THE END OF MEDICINE
(and Naked Mice)
Will Reboot Your Doctor
by Andy Kessler
Over a pitcher of beer, Andy Kessler's friend told him his amazing story of survival. He banged his head on a mogul and during a CT Scan for a possible broken neck, a tumor the size of a cocktail olive was visible. Had he not taken a tumble on the slopes that day, they would have never found the cancer in time to treat it. Early detection by accident – that’s the state of medicine?
Andy said, "I'm 47 and I got really scared. Surely there was some way to look inside me to see if I had some cancer or was going to have a heart attack any time soon."
And so in his new book, THE END OF MEDICINE, Andy sets out to discover the new medical technologies that will scale Silicon Valley style, and transform medicine from chronic care to early detection and cures. Andy says, "There are lots of interesting tools in medicine, but almost all of it is way too expensive. So, insurance companies and Medicare won't pay for it until you are actually sick." Gee, thanks for nothing.
In an attempt to take his health into his own hands, he makes an appointment for a physical, where his doctor hits him on the knee with a rubber hammer. He orders genetic tests over the internet, but then can't find a lab that will take his blood without doctor’s orders. He even has himself tested for Type I von Willebrands disease, an illness to which lots of dog breeds are predisposed. "What the heck?" Andy said.
But in a serious effort to discover what medical technologies are coming down the pipeline, he follows doctors and radiologists around, visits Stanford University’s research labs, the Fred Hutchinson Cancer Research Center in Seattle, and even Intel. He finds a company in San Mateo that writes 3D code to fly through virtual hearts, and researchers working on a silicon chip that would be able to detect cancer in our bodies. Silicon Valley is just what healthcare needs to get cheaper. Andy says, "It blew my mind, but then again, the thought of carrying around 4 gig memory devices or 20 gig hard drives and using them to listen to music was pretty whacky not long ago."
RUNNING MONEY followed Andy's adventure around the globe to discover new technologies that will scale, not only becoming cost-effective, but also profitable. In END OF MEDICINE, Andy tells more fun stories as he applies the same concept to the medical industry, not only finding investment opportunities, but also techniques and technology that will save lives, and do to doctors what ATMs did to tellers.
Andy says, "Maybe the early detection brakes aren't locking up on the active runway of runaway spending on chronic patients. It feels like it's not the end of the road in Portola Valley, at Stanford, at the Hutch, or for Scanning. Instead, it feels like the start of something big probably just the end of medicine as we know it."
About the Author:
Andy Kessler is the author of Running Money, How We Got Here, and Wall Street Meat. He has written for the Wall Street Journal and Forbes and has appeared on CNBC, CNN, FOX, and Nightline. He lives in northern California with his wife and four sons.
About the book:
TITLE: THE END OF MEDICINE
SUBTITLE: How Silicon Valley(and Naked Mice) Will Reboot Your Doctor
AUTHOR: Andy Kessler
ISBN #: 006113029X
PUBLICATION DATE: July 3, 2006