That's not the same for healthcare companies especially diagnostic companies like his, which is developing a way to rapidly test for diseases such as rheumatoid arthritis using a single drop of blood. There are a lot of necessary checks that keep ineffective treatments at a minimum. So for example, it might take a new medication about 10 years to get through all the necessary steps toward approval.
Overwhelmingly, the most common answer we heard had to do with genetics, and in particular the gene-editing technology called CRISPR. In fact, some were convinced that the power to sequence genes with companies like Illumina has already disrupted the healthcare industry.
But, with revolutionary technologies, such as CRISPR, the excitement mixed with concerns about still-unanswered questions about gene editing.
Check out some of the most amazing discoveries of 2015:
Best Discoveries of 2015
We asked industry experts what the 'Uber of Healthcare' will be — here's how they responded
Miners in Botswana discovered the second-largest gem-quality diamond ever found. The stone is the biggest diamond to be discovered in more than a century. Clocking in at 1,111 carats, it's a size that makes Kim Kardashian's 15-carat ring look like a dinky toy you win out of a vending machine.
Swiss cheese is one of the easier kinds to identify, thanks to it being riddled with holes. What has remained harder to pin down, however, is how the spaces end up there in the first place. After about a century of research, scientists have finally figured out what causes them. It's hay.
Researchers say they've discovered the first known fully warm-blooded fish. It's called the opah, or moonfish, and it lives in cold environments deep below the ocean's surface. Scientists say the opah generates heat by constantly flapping its pectoral fins.
Stonehenge's origin has been a mystery for centuries, but archaeologists now believe it was actually a "second-hand monument." An earlier version might have been erected in Wales.
Read more here.
A new scientific report suggests that the plague has been infecting humans for about twice as long as previously thought.
Read more here.
British scientists using forensic anthropology, similar to how police solve crimes, have stitched together what they say is probably most accurate image of Jesus Christ's real face, and he's not the light-skinned figure many of us are used to seeing.
Egypt's Ministry of Antiquities has announced that, based on the group's infrared thermography survey, the northern wall seems to register different temperatures. This could indicate that there is a secret chamber on the other side.
In images released by NASA's New Horizons spacecraft, dwarf planet Pluto features breathtaking views of icy mountains, streams of frozen nitrogen and haunting low-lying hazes that hint at the weather changing from day to day on Pluto, just like it does here on Earth.
A new study reveals the mechanisms behind the below-surface ocean phenomenon known as internal waves which can reach more than 600 feet high and travel for more than a thousand miles before breaking under water.
Archaeologists have uncovered human remains of four of the earliest leaders of the English colony that would become America, buried for more than 400 years near the altar of what was America's first Protestant church in Jamestown, Virginia.
According to a recent study, some common household sounds have been shown to trigger seizures in certain cats.The top noise culprits included a metal spoon hitting a ceramic bowl, the tap of a glass, the rustling of a paper or plastic bag, the click of a keyboard or mouse, and the jangle of keys or coins.
Dogs are called 'man's best friend' - women's, too - and scientists say the bond between people and their pooches may be deeper than you might think.
Researchers said oxytocin, a hormone that among other things helps reinforce bonds between parents and their babies, increases in humans and their dogs when they interact, particularly when looking into one another's eyes.
Researchers think they've found an inner-inner core. Iron at the Earth's core forms into crystals. The scientists found within the inner core, there's another region where the crystals don't line up with the rest of the inner core.
The discovery could shed light not only on how exactly the Earth's core works but also on how the core and the Earth itself developed billions of years ago.
The water below the Antarctic ice sheet is as cold and dark as ever, but it turns out it's not as desolate as scientists thought. Researchers recently discovered that there's a whole ecosystem down there, complete with fish, crustaceans, and various invertebrates.
"And we don't know what happens when you change one gene sequence. ... Who knows if three other genes go, 'Oh no, what happened to that one? Let me go take over its job!'"
Big data and personalized treatment
Another common theme was how gene sequencing is changing the way we treat diseases — especially cancer.
On the drug development side of things, the hope is to see a huge increase in the number of drugs that are available to treat cancer, said executives from C4 Therapeutics, a new cancer treatment company. That way, there are more options from which to choose for a particular individual, depending on the specific genetic makeup of their disease.
Sifting through genetic information, is no small feat. For this reason, Andre Choulika, the CEO of Cellectis, a company that is using gene-editing to treat cancer, said the "silent revolution" is in robotics. Back in 1988, when Choulika was doing sequencing by hand, he estimated that the entire human genome wouldn't be sequenced until 2050. But thanks to technological advancement, it was cracked in 2003.
"What was the revolution behind it? Robotics," he said.
Although revolutionary ways to treat cancer was the hot topic of the week at JPMorgan, some industry leaders recognized the need to look into the viruses and bacteria that often cause us problems.
For starters, having tests that can quickly determine what infection you're fighting could be a big help in the fight against antibiotic resistance, said Manos Perros, the CEO of Entasis Therapeutics, which is developing antibiotics for tough-to-treat bacterial infections.
"There's a notion that bacterial pathogens, but also some viral infections are coming closer to our world, and we have virtually at this point no real answer," said Christian Schetter, the CEO of Rigontec, a German company that's developing a new way to approach cancer treatment using RNA.
"We should not fool ourselves ... we have to deal with it." Using immunotherapies, which are gaining attention for their cancer-fighting abilities, to fight infectious disease is one way to make that happen, he said.
Gravitating toward a healthcare consumer
Overall, the consensus seemed to be that the true disruptor of the healthcare industry is still to be determined. And it might not just be one revolutionary app, idea, or scientific breakthrough, but rather a change in mindset toward getting the consumer (in this case, the patient) more engaged in their care.
"What it's going to take from a technology perspective, the Uber, the Snapchat of healthcare, I don't know what that app looks like," said Steve Kafka, the president of Foundation Medicine, which uses gene sequencing and data analysis to help treat cancer.
"But ... it will ultimately be about putting that information directly into the patient's hands."