In this episode of Innovate and Elevate, Sharon welcomes Lucy Pérez, a Senior Partner at McKinsey & Company and Coleader of the McKinsey Health Institute. Lucy is also coauthor of the groundbreaking report, "Closing The Women's Health Gap: A $1 Trillion Opportunity to Improve Lives and Economies," copublished with the World Economic Forum. Sharon and Lucy discuss the report’s key findings and the significant economic and social benefits of closing the women's health gap.Lucy shares that closing the women’s health gap could add an astounding $1 trillion to the global GDP annually. This economic boost would come from healthier women having fewer missed workdays, increased productivity, and less time spent on unpaid caregiving duties. She highlights that women, despite living longer than men, spend more time in poor health, particularly during their most productive years (ages 20-60), which has considerable economic implications.A major challenge in addressing women's health is the shocking underinvestment in research. Currently, only 1-2% of R&D dollars are dedicated to women's health issues, excluding cancers. Lucy emphasizes the need for increased funding and better understanding of sex-based differences in medical research. Conditions like cardiovascular disease and autoimmune diseases often present differently in women, necessitating tailored approaches to diagnosis and treatment.Lucy provides actionable advice for how individuals can close the women’s health gap, including ways to be proactive in healthcare interactions, raise awareness about women's health issues, and support initiatives aimed at closing the health gap. She also underscores the importance of leveraging real-world data to drive innovation and improve health outcomes, advocating for strategic partnerships and increased funding to address health inequities.Episode Outline(02:13) What Is The Business Case For Investing In Women's Health?(07:50) Understanding Sex-Based Health Differences(11:43) When Women Are Healthier, Everyone Benefits(18:06) Opportunities for Women's Health Research, Development & Funding (25:01) How Can We Contribute to Closing The Women's Health Gap?Additional Resources:Closing the Women's Health Gap: A $1 Trillion Opportunity to Improve Lives and EconomiesConnect with SharonConnect with Sharon on LinkedIn: Sharon KedarLearn more about Innovate and Elevate innovateandelevatepodcast.comSubscribe to Innovate and Elevate on YouTubeJoin the newsletter to receive the latest episodes in your inbox: Innovate and Elevate NewsletterConnect with Lucy PérezFollow Lucy Pérez on LinkedIn: Lucy Pérez This podcast is produced by the women at The Wave Editing