Problem: Personalized medicine is extremely nascent: this hasn’t been helped by companies and scandals like Theranos.
Solution: A business that invests in creating and scaling personalized medicine to the masses. The definition of personalized medicine is below.
Personalized medicine, precision medicine, or theranostics is a medical model that separates people into different groups—with medical decisions, practices, interventions and/or products being tailored to the individual patient based on their predicted response or risk of disease.
This business would be different by performing a Full-body Physical Examination twice a year: this would include measuring all vitals, taking samples of blood to sore in a centralized database, collecting young cells to preserve as stem cells, taking photos of your brain/organs, and more. The purpose of the business would be to create and update a “database of you” through collecting everything that makes you, you. This would bring us one step closer to an age where everyone has medical care that is tailored to them.
While twice a year seems like a lot, it actually is the same cadence with which people submit performance reviews at work, visit the dentist, change their oil in their car, and more. If we treat our objects and professional careers with such care and measurement, why not do the same with our whole bodies?
Monetization: Storage fees and/or access fees to see the data created/collected.
Contributed by: Michael Bervell (Billion Dollar Startup Ideas)