Affordable Healthcare

“Insurance is not just supposed to get you access to care; it’s supposed to keep you from getting evicted from your apartment because you paid your hospital bill instead of your rent.” – Katherine Baicker

Challenges

Health is a fundamental human right (WHO, 1966). Unaffordable and inaccessible healthcare presents as a barrier to this right on a national and international scale. In the U.S. the affordability of healthcare is a widely felt issue as the nation struggles with mental illness, reproductive rights and social inequity. The impacts of unaffordable healthcare have strong intersections with race and gender and is a manifestation of systemic oppression.

Racial Inequality & The Uninsured

Racial Inequality & The Uninsured

Across the U.S. there are millions of people living without health insurance at any given point in the year and BIPOC communities are overrepresented in this group. (U.S. Census, 2020). This is influenced by many things beyond affordability including lack of diversity in healthcare staff and language barriers creating a distrust and inaccessibility of health services.

Gender Disparity in Medicine

Gender Disparity in Medicine

Women and girls face extreme gender inequality in healthcare. This looks like many different things including underfunded research on the female body, limitations on reproductive rights, underdiagnoses of fatal conditions. Much like racial inequality, this is because of a lack of diversity in staff, especially in decision-making positions. Women are not believed; they are not advocated for and they are left behind.

Accessibility of Mental Health Care

Accessibility of Mental Health Care

Recent public health, climate, and political crises have highlighted and exacerbated the state of the world’s mental health. A harsh light has been shone on the failing of mental health care, the institutionalization of mental illness and social attitudes to mental illness and the workplace (Deloitte, 2022). Mental health gets given plenty of lip service but not that actual health care service it needs.

Affordability of Insurance, Bills and Prescriptions

Affordability of Insurance, Bills and Prescriptions

The affordability of healthcare is continuing to rise beyond its already extortionate prices. People face hits from insurance rates, medical bills and prescription costs – often these fees are crippling even with insurance coverage (U.S. Census 2020). No one should ever be in a position where they cannot afford to take care of their health.

TIME TO TAKE ACTION

FLIT’s solution and affordable healthcare

Investment Rationale

The managed care industry is best positioned to effectively temper runaway health care spending in partnership with the U.S. Government and drive structural changes to the existing delivery system in America(Fidelity, 2021). Value-Based Care brought significant changes to the industry putting the focus on quality of care and is driven by advancements in technology and analytics which enabled providers to move towards whole-person care. Significant changes in consumer behavior (such as telemedicine) are driving tech enabled players’ revenues. Patients increasingly favor providers offering greater convenience, high quality service and lower costs.

Impact Metrics

There are many standards in achieving affordable healthcare, primarily the SDG #3 Good Health and Well-being and #10 Reducing Inequalities. We track specific impact metrics as well as each company’s contribution to the UN SDGs by analyzing their business model, products, and services.

Portfolio Spotlight

Oak Street Health (OSH). OSH’s mission is to build a primary care delivery platform for Medicare beneficiaries that addresses two key issues: rising costs and poor quality of healthcare. They advocate preventative care, compassionate patient-doctor relationships and insurance education. OSH services have cared for over 150,000 patients across 20 states; approximately half of their patients are BIPOC. On top of this, the company ranks in the top 10 of Russell 1000 companies for racial justice and 2nd best for healthcare specifically (As You Sow, 2021).

Benefits of FLIT’s Expert Curation

Our team at FLIT has researched hundreds of investment funds and companies, and we have curated a portfolio that we believe targets affordable healthcare. These companies cover managed care, value-based care, drug retail and distributors, dental distributors, tech-enabled providers, and facilities – each service or product helps to advance affordable healthcare. We provide users with transparent data on the sustainability practices of each company to ensure an investment aligns with your values. We strongly believe that this approach to investment is essential for our future and profitable.

TIME TO TAKE ACTION

Solutions beyond investing

Individual:
What actions can you take?

  • Check your eligibility for a public plan to insure you and your loved ones.
  • Complement with private insurance if accessible.
  • Vote for candidates who commit to affordable healthcare and show it.
  • Advocate for change – show up and turn out for healthcare issues related to race, gender, labor unions, and more.
  • Donate, support, or volunteer for nonprofit organizations. advocating for change. Check out for example Medic Mobile and National Women’s Law Centre.
  • Champion for-profit companies addressing gender/race bias in medicine or contributing to the affordability of healthcare. Buy their products, use their services, work for them, and invest in them.

Beyond:
What about systemic change?

  • Reform private and public insurance to be affordable and with wide coverage
  • Implement national policies and infrastructure to ensure affordable healthcare like the Affordable Care Act and the Prescription Drug Legislation
  • Invest in technology and modernization of new healthcare delivery models such as telehealth communications
  • Regulate national mental illness care and coverage in paid sick leave

Investment themes

Click below to explore our other investment themes.

Investment themes

Click below to explore our other investment themes.

Take Part in Building a Sustainable Future

Join the waitlist to secure your spot for early access and a chance to win $1,000!

Thank You For Your Interest!

Join the waitlist to secure your spot for early access and a chance to win $1,000!

Prior to founding FLIT Invest, Alejandro worked at J.P. Morgan’s Private Bank in New York, where he oversaw and managed investments for ultra-high net worth families. Before J.P. Morgan, he was an investment analyst at Northwestern Mutual, responsible for developing comprehensive financial plans and asset allocation models. Alejandro is a CFA charterholder and former professional soccer player.

Steven is a UX/UI Designer based in Los Angeles, CA. He received his BA from CSULB focusing on graphic design. Steven approaches his projects with a keen eye for design while prioritizing user-friendly solutions. He is passionate about animal welfare, and environmental causes.

Prior to FLIT, Kinga worked at Ericsson as a software developer specializing in data analysis where she developed machine learning models to evaluate the quality of the encrypted media traffic over mobile networks. She is an advocate for promoting a transparent and effective work environment. Kinga values diversity and feels strongly about providing access to education. She has a sweet tooth, loves reading and HIIT training.

This is the Title

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aenean egestas lectus egestas augue turpis. Vitae adipiscing hac lorem aliquet odio leo, lacus, etiam. Amet praesent fermentum, vestibulum augue sed fames neque, molestie quis. Ullamcorper morbi enim nibh aliquet dolor maecenas. Eget semper sed etiam nibh purus gravida sit libero, ut. Dolor amet, ac accumsan interdum quis.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aenean egestas lectus egestas augue turpis. Vitae adipiscing hac lorem aliquet odio leo, lacus, etiam. Amet praesent fermentum, vestibulum augue sed fames neque, molestie quis. Ullamcorper morbi enim nibh aliquet dolor maecenas. Eget semper sed etiam nibh purus gravida sit libero, ut. Dolor amet, ac accumsan interdum quis.

Prior to founding FLIT Invest, Richard was an investment banker at ING in London. He advised banks, asset & wealth managers, FinTechs and other financial institutions on mergers & acquisitions, financing and other strategic projects. He is an impact investing enthusiast having advised BlueOrchard – leading global impact investing asset manager – on their sale to Schroders. Richard is a former professional triathlete, vegetarian and nature enthusiast.

Serena is a sales and growth professional. She has experience in rapidly scaling revenues for consumer products through the deployment of marketing campaigns and team strategy development. Serena has a keen eye for identifying and implementing emerging consumer trends that result in better user experiences. She is passionate about criminal justice reform and is a loud voice in the fight for gender and racial equality.

Martin is a Software Architect and Developer whose goal is to make FLIT Invest an application that puts usability and security first. Martin started his career in finance, where he developed an integrated treasury solution for banks and corporations. Then he deep-dived into medical imaging at Siemens Healthcare, where he spent years developing a next-generation radiography system. Martin is an avid traveler and loves cycling, hiking, and skiing.

Zsolt has worked as a Software Engineer in Germany, Scotland, and Hong Kong. His work experience lies predominantly in the FinTech industry, both in startups and well-established companies. Before FLIT Invest, Zsolt was a developer at Asia’s leading wealth management platform in Hong Kong. Alongside FLIT, Zsolt is completing his Master’s Degree in applied mathematics in London. In his free time, he enjoys swimming and reading fiction.

Tina is a UX/UI Designer based in Los Angeles, CA. Her expertise in both Economics and Interactive Design allows her to approach topics from a variety of perspectives in order to create products, assist people, and solve problems. She characterized challenges in a larger scope as an explorer, and she continued to look for solutions that would better human life. In addition to design, Tina is enthusiastic about women’s issues in society and animal welfare in various countries.

Peter is a Mobile Engineer with extensive experience in native iOS and Android app development. He has worked with various Fortune 500 companies across industries including fintech, transportation, human resources, energy, accounting, and pharmaceuticals. Being a lifelong learner he’s always eager to acquire new skills in various topics. He’s enthusiastic about different aspects of finance, and in his free time he enjoys working out.

Nick is a User Researcher based in Los Angeles, CA. After receiving his BA in Psychology, he moved on to receive a certificate in UX/UI from UCLA which set him on the path to understanding users. Nick approaches User Research with an empathetic lens, ensuring that every user’s needs are considered in each step of the process. Nick is passionate about providing sustainable change, and in his free time, he’s looking for another national park to check off the list.

Brian is a self-taught iOS developer based in Los Angeles, CA. Driven by a strong interest in finance and renewable energy, he takes pride in being part of a team that takes huge steps towards a greener future. Prior to joining FLIT, Brian played multiple competitive games such as League of Legends at a top-tier level- applying the same mindset of growth and improvement from gaming to his iOS development. Brian is often playing the piano in his free time and is extremely fascinated by artificial intelligence.

Rob is an impact investing analyst passionate about sustainability and its role in finance. Currently, he is a student at the University at Buffalo (UB), where he is the President of the UB Sustainable Business Association and a Board Member of the UB Equity Research Group. In his free time, you can catch Rob exercising or golfing.

Holly is a BSc Psychology with International Placement graduate from the University of Manchester, UK. She has worked and volunteered in the social care sector for 7 years and whilst at university, established an award-winning student zero-waste shop. She is passionate about social justice and environmental sustainability, and in her spare time volunteers as a Scout Leader and enjoys going for tea and cake with friends.

Jake is an entrepreneur, designer, and biologist passionate about sustainability. Previously, Jake founded VOSTIC, a company that manufactured and distributed a kelp-based replacement for plastic. Jake holds a master’s degree in Design Systems from Pacific Northwest College of Art and a bachelor’s degree in Biology from Lewis & Clark College. On weekends you might find him making music or snowboarding at Mt. Hood.