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Praveen Suthrum interviews Dr. Jonathan Ng
CEO & Founder, Iterative Health
I asked Jonathan Ng, founder and CEO of Iterative Health (formerly known as Iterative Scopes, an AI in GI startup) why investors recently gave them $150 million in funding. We didn't exactly get to the answer but I can fathom a thesis.
Iterative Health's investors include the founders of Flatiron: Nat Turner and Zach Weinberg. A digital health company that advances cancer research. Pharma company Roche acquired Flatiron for $1.9 billion in 2018. Other investors of Iterative Health include Johnson & Johnson and Eli Lilly amongst others. Further key team members from Flatiron have been joining Iterative.
My reading of the play here is straightforward. It's possible that investors want to repeat their thesis of Flatiron for Iterative but in gastroenterology. Big Pharma is funding AI in healthcare to develop more targeted therapy for the drugs they develop. Therefore the …...more
Dr. Jonathan Ng: Not using computer vision is a barrier to health equity
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648Views
2022Nov 9
Praveen Suthrum interviews Dr. Jonathan Ng
CEO & Founder, Iterative Health
I asked Jonathan Ng, founder and CEO of Iterative Health (formerly known as Iterative Scopes, an AI in GI startup) why investors recently gave them $150 million in funding. We didn't exactly get to the answer but I can fathom a thesis.
Iterative Health's investors include the founders of Flatiron: Nat Turner and Zach Weinberg. A digital health company that advances cancer research. Pharma company Roche acquired Flatiron for $1.9 billion in 2018. Other investors of Iterative Health include Johnson & Johnson and Eli Lilly amongst others. Further key team members from Flatiron have been joining Iterative.
My reading of the play here is straightforward. It's possible that investors want to repeat their thesis of Flatiron for Iterative but in gastroenterology. Big Pharma is funding AI in healthcare to develop more targeted therapy for the drugs they develop. Therefore the central premise of Iterative's offerings today seem to be on better recruitment for clinical trials. Physicians get an ancillary. Pharma automates patient recruitment.
I came away super impressed with Jon's unwavering vision for AI in GI: equitable healthcare. When I asked how Iterative is different from Medtronic or others who were also working AI in GI. He repeated his vision - he said the desire for equitable healthcare differentiated them.
While on a medical mission in Cambodia, it occurred to him that not all doctors are made equal. And that means patients can't get fair access to healthcare. Computer vision and AI could change that. He took action.
Jon moved to MIT to study MBA and build on this idea. In a very short period, he developed the foundation for Iterative that went onto pave the way for AI in GI.
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00:00 : Introduction
02:30 : The fascinating story behind starting up Iterative Health
06:59 : “Not using computer vision is a barrier to health equity”
09:29 : Why did Iterative Health enter the field of gastroenterology?
10:57 : How does Iterative Health differ from the other AI companies in GI?
14:06 : Iterative Health raised $150 million. What attracted investors?
16:50 : What is their next milestone?
16:59 : “Right now today there’s an unacceptable level of disparity in (health) outcomes”
17:33 : “Being able to minimize the barrier for GIs is to be able to access information”
17:56 : Will AI replace GIs?
19:12 : How sophisticated is computer vision in the endoscopy room right now?
19:50 : “For healthcare, it just takes way too long to understand our impact on patients”
20:37 : Future of AI in GI
22:13 : “Even our colonoscopy screening recommendations are generic for the population”
24:00 : Iterative Health’s operational model
24:54 : Partnership with One GI
26:29 : Jonathan’s views on the controversial NordICC colonoscopy study
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Watch more interviews:
https://www.nextservices.com/interviews/
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Buy the book: Scope Forward - The Future of Gastroenterology Is Now in Your Hands
https://geni.us/scopeforward
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#gastroenterology#gi#thescopeforwardshow#nextservices#digitalhealth#future…...more