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Headline

200 GPs working for Babylon as 40,000 NHS patients apply

Comment

Babylon is making huge financial losses, just like Uber and Tesla still do and Amazon did, until relatively recently. These companies are in the disruption business where they aim to take business from traditional providers using the internet and rapid access to their services. Babylon’s business model is to become the leading world provider of Uber style on-line medicine. The expectation is that this will take years, but that it will happen. Because of this the value of the company is very high, just like Tesla, which has been valued far higher than General Motors despite Tesla eating investors cash and making no profit. Babylon does have competitors in the UK, like Push Doctor among others, but there are a number of medical companies based in California that are already turning over far higher volumes of patients and cash flow. The Internet has brought about a huge change in business models and AI is about to change it again. It is pointless being a Luddite. Throughout history business models have evolved. This will continue. Cogora’s delivery of Pulse reaches further on-line than by printed word and I presume at a cheaper cost. What we should all be doing is looking at our own future to see where we will fit in if we can not retire.

Posted date

18 Apr 2018

Posted time

12:09pm

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