Suggestions
Andrew Garza
Result-driven, operational and cultural leader excelling in project management
Andrew Garza is a highly accomplished and experienced individual with a diverse background. Having studied at top institutions such as Stanford University Graduate School of Business and London School of Economics, he has gained extensive knowledge and expertise in fields such as healthcare, economics, and social policy.
As the Co-Founder and COO of Lifestores Healthcare, Garza has demonstrated his leadership skills and entrepreneurial spirit, and has also previously worked as an Investor at Rally Cap Ventures and Sherpa Ventures. His passion for innovative startups has led him to mentor young entrepreneurs as a Startup Mentor for Google for Startups Accelerator Africa, as well as an Angel Investor for various private ventures.
Garza has also gained valuable experience in consulting roles with Bain & Company, where he worked as a Consultant, and StartUp Health, where he served as a Health Transformer. Additionally, he has held various internships, including one with Obama for America, which highlight his dedication to public service and community outreach.
Overall, Andrew Garza is a dynamic individual who has demonstrated his expertise in a diverse range of fields, and his leadership skills and entrepreneurial spirit make him a valuable asset to any organization.
Highlights
I recently finished a book about the history of the National Health Service (NHS), which is the UK’s public health system. It’s consistently ranked as a top-5 health system in the world, employs over 1.5 million people [almost the size of Latvia], and has an annual budget equivalent to half of Nigeria’s GDP.
The NHS inspires me because of its founding ideals that everyone deserves access to quality healthcare - and the serious but complicated attempts to make those ideals a reality. Below are a few reflections from the book:
1/ Before the creation of the NHS, access to quality healthcare was low in the UK. Only a subset of working men - who created insurance collectives with their workmates - were able to access formal care. As a result, women died during childbirth at a rate 4x higher than coal miners died from work-related causes.
2/ When the NHS was launched in 1948, it offered all British citizens access to free primary and secondary care, as well as access to low-cost medications. As a result of the NHS’s work, lifespans in the UK increased by 3 years from 1950 to 1960 – alongside more equally distributed access to care, increased quality of care, and lower infant morality.
3/ One of the biggest constraints in any health system, including the NHS, is the labor market: the number of doctors, nurses, and pharmacists available to treat patients. It’s difficult for the government to strike the right balance between labor costs and healthcare access & quality for patients. This balance is even harder in emerging markets with volatile currencies, where part of the health service emigrates when the currency falls.
4/ As a result of the need to treat millions of patients with limited resources, it’s critical to use technology to magnify the patient impact of each GBP or Naira spent on health. For the NHS, this has included rolling out electronic medical record (EMR) systems to hospitals. In Nigeria, Lifestores Healthcare helps healthcare providers accomplish more with less by reducing their medication costs by 10-20% with our procurement platform and increasing their sales by 10% with our mini-ERP systems.
5/ One of the areas where the NHS could improve is that it’s more oriented towards healing sick people than helping people to stay healthy in the first place; estimates vary, but it may only be spending ~5% of its budget on prevention. Unfortunately, most of the world’s health systems follow this approach. By developing the core digital infrastructure needed for healthcare in emerging markets, Lifestores Healthcare is freeing up 25%+ of Nigerian front-line health workers’ time from back-end admin so that it can be redirected to preventative care for patients.
I had the opportunity to participate recently in Viva Technology, which is France’s largest technology conference. It was a great chance to reconnect with several VCs and entrepreneurs in our space, and I appreciate next54 (our awesome partners) and Seedstars Africa Ventures for hosting side events full of insightful discussions.
I was also blown away by the line-up of speakers on AI, including Eric Schmidt, Robin Li, Yann LeCun, Dario Amodei, and Arthur Mensch – many of the key people driving the revolution (also: one of my favorite journalists, Andrew Ross-Sorkin)!
These were a few of my top takeaways:
-
AI is likely to be as impactful – if not more so – than the internet and mobile phones.
-
During earlier technological shifts, there have always been sizeable differences between when early and late adopters incorporated the technology into their business, e.g. many companies still hadn’t launched a website yet in the mid-2000s. Given the power of AI to transform customer outcomes, late adopters are likelier to suffer more than in previous technological shifts.
-
There are central vs. peripheral ways to incorporate AI into your company. You ideally want to find use cases that are meaningful to your customers that allow you to incorporate AI directly into the core of your offering; this is what will lead to transformative outcomes for your clients.
-
For early-stage start-ups, there’s not much value in trying to compete with the tech giants on building new Large Language Models (LLMs), due to the high resource intensity & large head starts that they have; where there’s more room to shine is in combining existing LLMs' capabilities with your own proprietary data, expertise on use cases in your particular industry, and access to customers. This is the approach that we’re taking at Lifestores Healthcare and I’m looking forward to share more about the impact we’re having with AI in healthcare over time!
