M31 Capital · Research Library · February 2026

The Healthcare Thesis

A complete research library for the paradigm shift in how humanity prevents, diagnoses, and heals. From structural analysis to system architecture to investable trends — everything in one place.

Jen Berry · M31 Capital · 30+ Documents · Living Library
Start Here
The Command Center

The three essential documents — the interactive dashboard, the system architecture, and the strategic vision paper

Definitive Architecture
The Architecture — Version 3.0
The complete eight-layer system design — from the patient graph to outcomes-based funding. Includes the tiered evidence framework, community intelligence network, four-layer funding model, bidirectional knowledge architecture, and consciousness integration. The reconciled, definitive blueprint.
Master Document
Strategic Vision Paper
The Healthcare Unlock
The convergence thesis — how Pearl Health, Garner Health, and Oscar Health constitute the core infrastructure for the new system. Includes the seven-layer architecture, integration mapping, phased roadmap, and incentive philosophy. Prepared for CEO-level conversation.
Confidential · .docx — Available on Request
System Design
The Architecture

Visual diagrams of the new system and the paradigm replacement map

Visual Diagram
The New Eight-Layer Architecture
Interactive visual flow of the complete system — from patient graph to outcomes-based funding. Eight layers with data flow diagrams showing how knowledge flows bidirectionally between practice and research.
Architecture Flow
Visual Diagram
The Paradigm Replacement Map
Side-by-side visual showing every structural feature of the current system that must be dismantled and the specific architectural replacement for each. Seven paradigm swaps — from specialty silos to systems physician, from fee-for-service to capitation, from epistemic rigidity to tiered evidence.
Replacement Map
Deep Dive Research Briefs
Emerging Paradigms

Seven emerging healing paradigms — each with full M31 research brief including 5 Forces analysis, investment archetypes, and suppression assessment

01
Emerging Trend
The Fortress Siege — Psychedelic Medicine
Clinical trials dwarfing conventional treatments for PTSD, depression, addiction. The most direct challenge to the pharmaceutical paradigm. Phase 3 data incoming.
Invest · 4.6/5.0
02
Emerging Trend
The Quiet Revolution — Longevity Biotech
Senolytics, epigenetic reprogramming, telomere extension. Treating aging as a disease rather than inevitability. Billions in capital flowing.
Invest · 4.3/5.0
03
Emerging Trend
The Cultural Tsunami — Functional Medicine
Root cause treatment. The fastest-growing segment of healthcare practice. $5.6T wellness economy as demand signal. Consumer is already there; system is catching up.
Invest · 4.1/5.0
04
Emerging Trend
Peak Suppression — Peptide Therapeutics
BPC-157, thymosin alpha-1, and the regulatory crackdown that signals maximum suppression. The pattern that predicts the unlock.
Invest Split · 4.4/5.0
05
Emerging Trend
The Deep Pattern — Whole-Person Health
Mind-body-spirit integration. Trauma-informed care. The return to what healing always was before the fracture.
Watch · 3.4/5.0
06
Emerging Trend
The Physics Unlock — Bioelectric Medicine
Frequency, vibration, electromagnetic stimulation. The frontier where biology meets physics. Early but scientifically grounded.
Watch · 2.8/5.0
07
Emerging Trend
The Hard Problem as Alpha — Consciousness Healing
The last forbidden frontier. Meditation, breathwork, psychoneuroimmunology, energy healing. Where the evidence hierarchy meets its epistemological limit.
Wait · 3.0/5.0
Deep Dive Research Briefs
Incumbent Paradigms

Five structural paradigms under stress or breaking — with fracture analysis, phase assessment, and investment implications

08
Incumbent Paradigm
The Sick Care System
Fee-for-service, specialty silos, 18-minute visits, administrative extraction. The biomedical model hitting its structural limits.
Breaking · Phase 4
09
Incumbent Paradigm
Eroom's Law — Pharma R&D
$2.6B per drug. 10–15 year timelines. Declining ROI despite increasing spend. The innovation model that only works for patentable molecules.
Breaking · Phase 4
10
Incumbent Paradigm
The Chemical Imbalance Myth
The SSRI model crumbling. The serotonin hypothesis debunked. Psychedelics proving the alternative. Mental health's epistemological crisis.
Stressed · Phase 3
11
Incumbent Paradigm
The Materialist Assumption
The body as machine. Consciousness as epiphenomenon. 400 years of Cartesian dualism. The operating system nobody questions — until now.
Early Strain · Phase 2
12
Incumbent Paradigm
The Middleman Problem
Insurance intermediation, PBMs, prior authorization. 34¢ of every dollar to administration. The UnitedHealthcare moment as cultural signal.
Stressed · Phase 3
Thought Leadership
The Articles

Three provocative pieces — systemic arguments that lead, personal experience that lands

Article
Your Doctor Cannot Save You
The 18-minute visit was never designed to treat what's actually killing us. Structural failure, not individual failure. The architecture of impossibility.
Thought Leadership
Article
You Are Not a Patient. You Are a Revenue Stream.
Fee-for-service economics laid bare. Where your healthcare dollar actually goes. Why the system works exactly as designed — just not for you.
Thought Leadership
Article
What Your Body Knows That Medicine Forgot
10,000 years of whole-person healing. 150 years of epistemological narrowing. The reunion between ancient wisdom and AI. The category error at the heart of modern medicine.
Thought Leadership
Supporting Research
Foundational Research

The deeper research that supports the thesis — from investment analysis to epistemological frameworks to pattern recognition across domains

Investment Thesis
The Healing Shift
The full investment thesis scored through M31's five signals — suppression index, scientific unlock, antifragility, pattern alignment, convergence. Maximum conviction rating.
Investment Thesis
Sector Analysis
Alternative Healthcare Deep Dive
Sector-level analysis of psychedelic therapeutics, longevity biotech, functional medicine, peptide therapeutics, and digital health infrastructure. TAM analysis and portfolio construction.
Sector Research
Pattern Research
The Architecture of Intermediation
The universal pattern of intermediation across religion, healing, money, education, food, and birth/death. How middlemen capture value in every domain — and how the pattern breaks.
Cross-Domain Pattern
Research Brief
The Systematic Suppression of Alternative Knowledge
How the Flexner Report, FDA regulatory capture, and pharmaceutical economics systematically excluded healing modalities that could not be patented. The suppression signal as investment signal.
Suppression Analysis
Research Brief
The Hard Problem Is the Alpha
Consciousness as investment alpha. The last forbidden science scored through M31's five signals framework. Why the most suppressed frontier may be the most investable.
Consciousness Research
Research Brief
The Source Hypothesis
Convergence across Eastern, Western mystical, and indigenous traditions on the nature of consciousness and its relationship to healing. Access protocols and civilizational positioning.
Foundational Framework
Case Study
What Is Healing?
Jen Berry's full diagnostic journey — the personal case study that grounds the entire thesis. From presidency to shutdown to self-diagnosis to community discovery to system design.
Personal Foundation
Prior Version
The Healthcare Paradigm — V2
The full editorial version with six-layer architecture, coordination gap analysis, roadmap, and verdict. Superseded by Architecture V3 but valuable for the narrative treatment of each paradigm's failure mode.
Archive · V2