Digital Health will transform the business models of the Pharmaceutical industry. Although many companies have not yet formulated a concise Digital Health strategy, industry executives expect that by 2020, Digital Health will enable Pharmaceutical companies to activate new business segments as well as to significantly improve their competitive advantage.
This is the result of a global survey conducted in the Pharmaceutical industry by Arthur D. Little and the Karlsruher Institute of Technology (KIT) to capture the current thinking and the expectations regarding the transformative impact of Digital Health.
Explorations of the health potential of Microsoft's Kinect gaming system have so far tended to focus on how it could be used to help rehabilitate patients.
But a new study suggests the Kinect could make a major impact in telemedicine, potentially cutting healthcare costs and reducing patients' hospital visits – and consequently the associated risk of infection.
The study's headline claims focus on the cost-saving benefits of the Kinect, which uses sensors to track body movements and register voice commands, but the technology could have wider-reaching benefits over existing telemedicine systems.
Writing in the International Journal of Electronic Finance, University of Arkansas' Janet Bailey and Microsoft's Bradley Jensen said gaming technology could be used to "teleport" the knowledge and skills of healthcare workers to where they are needed.
"The Kinect allows doctors to control the system without breaking the sterile field via hand gestures and voice commands with a goal of reducing the direct cost of healthcare associated infections to hospitals and patients," they wrote.
The patent wars are continuing as we speak. With the proliferation of cheap sensors people are talking about putting them everything. We use them in our cars to see if the tire pressure is correct and washroom etc.
Rowan Norrie's insight:
Sensors are proliferating in our lives. From the fairly useless (like identifying when our shoes have worn out) to the futuristic Neuroheadset from EPOC, able to read your brain activity and translate it into actions. IT was designed for gaming, but there are huge opportunities in the health field for disabled people, e.g. to control their wheelchairs.
Aside from the rise of sensors, expanded broadband access and the ubiquity of connected and mobile devices among patients and doctors, several health-specific trends are making remote care more of a reality. More patients are coming online, meaning that fewer doctors will be needed to serve more patients; payment models are shifting from fee-for-service to managed care approaches that emphasize patient outcomes; and hospitals are under more pressure to keep re-admission rates down. Remote monitoring and communication technology could play a critical role in addressing each of those issues.
Some telehealth innovations, like the iRobot that lets doctors visit a patient’s bedside via an electronic avatar and 15-inch screen, seem like the stuff of science fiction. San Francisco-based Scanadu is developing handheld tools that have been likened to the StarTrek “Tricorder.” A recent product lets you check your temperature, blood oxygen levels, pulse and other vitals by holding the device close to your body. Then it sends the information to your smartphone, where it can be sent on to your doctor. To encourage more innovation in sensor-based mobile technology, the X Prize Foundation even developed the Qualcomm Tricorder X Prize competition (in which Scanadu is a participant). A “Magic Carpet”developed by researchers at GE and Intel, uses sensors in home carpets to monitor seniors’ activity and then predict and detect falls.
This post is part of Tech Cocktail’s “Healthy Entrepreneur” series, bringing you insights on food, exercise, and sleep throughout May. The series is presented by Coromega (more info and a giveaway below).
In order to improve something, it has to be measurable. The quantified self is the fist step for the individual to measure variables to a) understand what the relevant variables are and b) make sensible steps to improve their health.
Visiongain's latest report examines the global mHealth market with a focus on service types, perceived benefits and the key drivers and barriers to uptake. This timely report is entitled World Mobile Healthcare (mHealth) Market 2013-2018: eHealth, Telemedicine & Health informatics
The potential benefits of mHealth solutions include improving healthcare system processes, collecting and retrieving crucial medical data and patients being able to manage chronic conditions better. Dedicated devices that perform medical functions can utilise mobile technologies such as the cloud allowing data to be uploaded and downloaded instantly. The app ecosystem also offers a vast array of programs that cover everything from general wellness to chronic diseases and illnesses.
The mHealth ecosystem includes mobile operators who are set to reap revenues from increased data consumption. Healthcare practitioners will find workloads decreased and greater efficiency in treatments. Software and app developers will gain wide revenue streams from the creation of popular apps or solutions either through consumer purchase or subsidised purchase by health insurance companies. Governmental bodies and pharmaceutical companies can also increase savings and revenues from mHealth.
April Meeting PATIENTS 2.0 INTRODUCING THEEMPOWERED PATIENTMARIE ENNIS O’CONNOR (Thanks Liam RT @liamhq: Great deck by @JBBC from last weeks @Health2Dublin meetup: Patients 2.0 http://t.co/mmynCNgCiN...
Technology has improved our lives in many ways but one area that we are only just starting to scratch the surface of and where there is perhaps the biggest potential in the coming years is healthcare.
Ageing populations in developed countries, rapid population growth in the developing world and issues such as rising obesity rates mean the burden on healthcare systems worldwide will continue to push them to breaking point if it is not addressed. Among the EU member states public health spend has risen from an average of 5.9% of GDP in 1990 to 7.2% in 2010 and that's expected to hit 8.5% in 2060. Especially in these times of economic austerity that kind of growth isn't sustainable.
The potential for technology to ease this burden and both improve healthcare for patients and boost the efficiency of doctors and nurses is huge. Anecdotal evidence shows IT adoption in healthcare lags a decade behind virtually every other sector so there is a lot of catching up to do.
But the market for these technologies is growing. Spend on global telemedicine has grown from $9.8 billion in 2010 to $11.6 billion in 2011 and is forecast to rise to $23 billion by 2015, according to a BCC Research study.
And, as seen by the gadgets at the CES trade show in Las Vegas earlier this month, there is rapid growth in health and fitness related mobile applications, devices and sensors - everything from wristbands that monitor activity levels and calories burned to heart and diabetes monitors that can report back to your doctor.
Mobile and so-called 'm-health' has a huge role to play in delivering these often life-saving benefits. Here at EE a report we commissioned by Arthur D Little on the benefits of 4G found an example of a hospital in Germany using a 4G-enabled ambulance to send live high resolution CT scans of stroke patients to specialists on route to the hospital, resulting in a 54% reduction in alarm to therapy times during the trial.
The European Commission has just issued its eHealth Action Plan, outlining goals to support the adoption of better technology-enabled healthcare across the EU by 2020 and Neelie Kroes, Commission Vice President for the Digital Agenda, said: "Europe's healthcare systems aren't yet broken, but the cracks are beginning to show. It's time to give this 20th Century model a health check. The new European eHealth Action Plan sets out how we can bring digital benefits to healthcare, and lift the barriers to smarter, safer, patient-centred health services."
Much of the work outlined in that action plan will focus on reducing the interoperability and regulatory barriers to implementing ehealth services as well as addressing legal issues such as patient privacy around personal health data and records.
Technology will continue to augment our lives in many wonderful ways over the coming decades. It brings with it the potential for greater life expectancy and quality of life through better monitoring and earlier medical intervention, faster and more cost effective treatment and improved communications and management. If the right people make the right decisions, with the right direction and investment, the well-being of citizens in both the developed and developing world could be dramatically improved.