MIT Professor Andrew Lo provided stimulus for innovative thinking about finance in some of the earliest innovation leadership programs we were involved with. His proposal for a cancer mega-fund which we first heard in 2011 is coming closer and closer to reality with the announcement of the Cancer Moonshot. At a recent data conference that brought together leaders from finance, venture capital, and government at the Federal Reserve Bank of Boston, he continued his push for cross-industry innovation. During his talk, Professor Lo asked “what if fintech apps…asked each of their customers if they could get access to their medical data?” Could that data then be used to accelerate validation of new treatments for intractable diseases? It’s a question fraught with data privacy concerns but it’s also a starting point for innovative ways of looking at the intersection of financial health and medical health.
Written by Glen Mohr
Founder of Mohr Collaborative, LLC, Glen Mohr is an expert on organizational learning for innovation, focused on cutting-edge approaches to web-based collaboration in the financial services and healthcare industries. He leads high-profile innovation programs for Fortune 50 clients, engaging global teams of young executives in turning ideas into practical, customer-facing solutions and achieving consistently extraordinary financial returns from the resulting new products and services. He holds a Masters from Harvard with a concentration in Technology in Education and a BS in Architecture from the University of Virginia.
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