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The VC Model Is Broken—for Healthcare

Everyone’s building with AI.

Every deck has a “revolutionary” LLM, a slick UI, a claims integration, or a productivity boost.

But in healthcare?
None of that matters if it doesn’t improve actual patient care.

That’s the quiet thesis of PhyCap Fund and in this short clip, Dr. Vipul Kella explains why most tech-first models will fail unless they marry tech with services that move real outcomes:

  • Clinical results

  • Operational efficiency

  • Patient experience

“The companies that win will be the ones that integrate physicians not as tokens, but as strategic core. Tech alone won’t cut it.”

Dr. Kella isn’t just talking theory—he’s a General Partner at PhyCap Fund, which is closing its current raise on June 30.

He’s on the hunt for the best healthcare startups in the country—and he wants more physicians involved on the investment side, not just the clinical one.


📺 Watch the Clip


Why This Matters

Most VCs still think healthcare is a vertical, not a universe.
Most physicians still think investing is for “the suits.”

Both are wrong.
The best founders in this space?

They understand that outcomes are the only product that matters.
And the best LPs?

They’re finally realizing that if you want to fix healthcare, you need to own part of it.
If you’re a physician with capital, now’s the time to move.


⏳ Fund closes June 30.

Join the movement.
Invest like a founder.

info@phycap.com | dutch@phycap.com

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