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Know about recent trends (e.g. shift from fee per service to value based care, digitalization push during the pandemic, etc.) and also be able to answer some basic healthcare-specific technical questions: for example, know how to walk someone through a patient build, know that EV/peak sales is an important life sciences metric, know how to value a life sciences company with negative cash flow (comps and a probability adj DCF that accounts for likelihood of company's drug making it through the regulatory approval process; there’s a helpful investopedia article on this I suggest you read)
Reiterating what Lion1754 said, know how to build the P&L for biopharma i.e getting to peak sales, probability of success for the therapeutic area/indication, discount rate (most of these companies are pre-revenue so they don't take on debt your discount rate is going to be CoE), etc.
In terms of the biopharma landscape, Bruce Booth from Atlas Ventures writes a pretty good blog called lifescivc, scroll through it.
Lastly, assuming you don't come from a science background google RBC Biotechnology Primer from October 9, 2017; it's a little dated but still good.
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