We take a look at this week’s biggest developments, research and investment news from the world of Health Tech.
The two French startups work separately but are starting to see a future working together to achieve the same goal. Alan works to turn health insurance into software-as-a-service whilst PayFit simply modernises old French paychecks. The interesting stuff happens when a company uses both. Alan provides a health plan and PayFit handles all your HR needs. Now you can go to your Alan dashboard and log onto PayFit with all information from both platforms appearing in the same place. The hope is that the integration will create many more leads for both companies.
The software company launched in 2015 and is enabling healthcare providers to improve the accuracy of patient benefit information and payment processing. Their goal, chief product officer Blake Walker says, is to improve the efficiency of the physician’s practice. However, much of their work is patient-centric. For example, if a patient has an upcoming appointment, Inbox Health will send them a text or email that will remind them about the appointment itself, but also encourage them to check-in in advance (including inputting payment information). “What’s unique about Inbox Health is that we create a loop that facilitates transparency for patients before visits, and collects the patient’s balance afterwards,” Walker pointed out. “Our goal is to completely reinvent the medical revenue cycle and have 99% of patient payments occur at the point of care, in full, within five years.”
Backed by 526 parents on Kickstarter (where it has now reached its goal of $50,000), Ray claims to be the “first and only non-contact health and sleep monitor”. The monitor is enabled by Bluetooth and Wi-Fi and measures a baby’s respiratory rate, keeps track of their sleep cycles and notifies the parent when a baby shows any sign of illness e.g. a fever. This follows a huge rise of products in the baby tech space, late last year SNOO launched a smart crib that rocks babies to sleep by mimicking movements in the womb.
Every day there is a new story to be found on an overworked, under resourced, NHS “in crisis.” New research from Nuance, the intelligent voice recognition leaders, has shown 93% of trusts were still found to depend on traditional word processing (both PC and pen and paper). Whilst this may play into an image of an archaic NHS, the data also suggests this could be changing. 43% stated they were investing in AI technology such as virtual assistants, chat-bots and speech recognition technology. This follows the launch of two AI apps currently being used in the NHS, Babylon Health and Google DeepMind.
“What we’ve been seeing is as we’ve been trying to go mobile and offer these more smartphone-enabled solutions to the consumers is we’re proliferating a multitude of applications and they have to think ‘Oh if I want to do this I go to this application, if I want to do this service I go to this one’,” Gash continued. “The really great thing about VenueNext is we can provide that single mobile presence and launch all of our other services through that one user interface. So when you think of Saint Luke’s, you download the mobile application branded for Saint Luke’s, and through that solution you can launch all these other capabilities” Saint Luke’s CIO Debe Gash told MobiHealthNews of the collaboration.
MobiHealthNews weekly telemedicine news roundup includes news that provider American Well is now working with two new health systems. The first is in Indiana, with a new service called myVirtualHealthVisit a platform offering patients the ability to use a webcam (on either PC and smartphone) to talk with a doctor. The second is in Ohio where American Well is partnering with health system ProMedica and insurance provider Paramount Health Care to offer 24/7 live video visits. In other news, Telehealth provider Teladoc is now working with health-tech and consulting group Compass Professional Services to allow members to request and receive referrals within one business day.
Whilst life expectancy in America has begun to level off and even decline in some cases, healthcare giants believe that the future looks promising, and that the next generation could be the healthiest yet. Some believe that the healthcare system which is now focused largely around illness and paying for health only when we get ill, will transform to one focused on ‘wellness’ to prevent illness in the first place. This idea of ‘Scientific Wellness’ was first discussed at HyperWellBeing last month and some believe it will help us live to our full potential for wellbeing.
The Singapore-based health-tech startup which operates as an employee benefits and wellness platform uses health screenings, data from wearables and lifestyle risks to predict future premium costs as well as designing data-driven management programmes to improve employee health. Following the investment, B Capital Group and Facebook cofounder Eduardo Saverin has also joined the company’s board. “CXA is an exciting addition to our portfolio. Its unique business model cuts across three out of four of our focus industries, including health and wellness, financial services and consumer services,” Saverin said in a statement.
The platform which launched in June 2016 features over 30,000 ratings and reviews for primary care dentists, pediatricians, specialists and physicians. Users can search by ratings, gender and location. “We started CareDash with the mission to arm patients with the transparent information they need to take charge of their healthcare,” said CareDash Founder and CEO Ted Chan said in a statement. “It’s one thing to eat a bad meal at a restaurant because a review was suppressed in exchange for compensation; it’s quite another to manipulate the healthcare information available to patients.”
Whilst cardio mapping has been around in the health industry for a while, it has never been non-invasive. The new vest provides detailed 3D maps to locate problematic heart cells, a crucial tool for those suffering with heart rhythm disorders. “The vest has around 250 electrodes on it,” said David Steinhaus, medical director of Medtronic’s Cardiac Rhythm and Heart Failure division in a phone interview. “It’s like taking an EKG from 250 different places around the chest. Once you’ve done that, you take a CT scan. Now you know where the heart is in space in relationship to the electrodes and the computer does the magic of putting it all together.”