Health executives see tech firms like Alphabet remaking industry

Health application touchscreen interface for improving fitness through personal healthcare

Healthcare executives expect counterparts at tech companies like Alphabet Inc, Google’s parent company, to transform their industry over three to five years, according to a Lazard Ltd survey. 

“We’re seeing significant pricing pressure in the industry, and the response to that pricing pressure will be innovation,” David Gluckman, co-head of Lazard’s global healthcare group, said by phone. “It’s not only scientific and technological innovation, but maybe even more importantly, new business models.”