Healthcare Innovation Through Disruption: Lab Testing & Theranos
Silicon Valley has been a hub of innovation for the past few decades, and Palo Alto-based Theranos is no exception. Founded in 2004 by Elizabeth Holmes, then a 19 year old Stanford dropout, Theranos is poised to disrupt the 75 billion dollar laboratory testing industry.
Their business model is simple; they developed technology which allows them to be quicker, more convenient and far cheaper than their competition.