Feb 21, 2020 - Health

A Silicon Valley startup wants to make "executive physicals" available to more people

Photo: Stephane De Sakutin/AFP/Getty Images

A Silicon Valley startup is attempting to make executive physicals — which are frequently offered as part of C-suite compensation — available to a larger audience, STAT reports.

Between the lines: The $3,500 annual membership is cheaper than a $20,000 weekend at the Mayo Clinic, but is still expensive and still subject to the same criticism — mainly that it's unnecessary.

Details: The startup, Q Bio, will offer a 75-minute examination and includes an MRI scan and genetic analysis. More comprehensive (and expensive) options are also available.

  • Major hospitals, by contrast, offer executive physical packages that range from $1,700 to $10,000. Other companies offer even more expensive versions.
  • Q Bio wants its patients to have annual exams so that their health can be tracked over time — something that experts say may not have wide health benefits or save the system money.

The bottom line: It's unclear how many people have paid for such exams since the Q Center opened in Silicon Valley late last year, but the company apparently has already had to create a waiting list.

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Large pay packages rolling in for health care executives

Illustration: Sarah Grillo/Axios

New annual financial documents for large health care companies are rolling in with a familiar tune: executives took home large paydays in 2019 that mostly came from large stock gains.

The bottom line: The health care system is a firehose of spending, and a good chunk of that money always makes its way to the top.

Go deeperArrowMar 6, 2020 - Health

Bernie's plan to hike taxes on some startup employees

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Sens. Bernie Sanders (D-VT) and Chris Van Hollen (D-MD) introduced legislation that would tax nonqualified stock options at vesting, rather than at exercise, for employees making at least $130,000 per year.

The big picture: Select employees at private companies would be taxed on monies that they hadn't yet banked.

Lucid Motors plans to offer virtual-reality test drives to sell its electric vehicles

Photo: Lucid Motors

The electric vehicle startup Lucid Motors has a strategy for drumming up interest in its upcoming Lucid Air luxury vehicle that begins production late this year: ultra-designed retail spaces that offer virtual reality test drives.

Why it matters: The luxury EV market is getting more crowded. Startups like Silicon Valley-based Lucid — a largely unknown brand in what's still a very small market — need a way to differentiate themselves and gain cachet.