If Medicaid were a market in the private sector, chances are we'd hear a lot more about it in Silicon Valley. Countless entrepreneurs, courted by a slew of niche investment funds, accelerators, and tech blogs, would be vying for a share of its substantial annual spending. And yet, Medicaid, which covers one in five Americans, has been largely overlooked by entrepreneurs and investors. If we want better, more accessible health care for millions, that needs to change.
That's why the California Health Care Foundation's Health Innovation Fund has launched a new collection of resources focused on the opportunities for innovation within the Medicaid market. Melissa Buckley directs the Innovation Fund, which invests in health care technology and service companies with the potential to significantly improve the accessibility, quality, and value of health care for low-income Californians. I recently sat down with Melissa to learn more about the program. Our interview has been condensed and lightly edited for clarity.