| Vol. 13 No. 24, November 30, 2016 |
FACTS AND STATS
|33.4% CAGR for mHealth Solutions Market to 2020 and Projected to Reach $59.15 Billion
The mobile healthcare solutions market covers smartphone-connected medical devices (hardware), paid mHealth applications (software), and services. Currently, connected devices contribute the maximum share (~63.7%) to the mHealth solutions market, although the download volume of mHealth applications is higher than the installed base of connected devices.
The mHealth solutions market is poised to reach USD 59.15 Billion by 2020 from USD 14.02 Billion in 2015, growing at a CAGR of 33.4% during the forecast period. mHealth Solutions Market growth can be attributed to increasing penetration of smart gadgets, increasing utilization of connected medical devices and mHealth apps in management of chronic diseases, rising healthcare costs creating a need for more affordable treatment options, robust penetration of 3G and 4G networks to provide uninterrupted healthcare services, and rising focus on patient-centric healthcare delivery.
Simple Digital Technologies Can Reduce Health Care Costs
Businesses that are serious about reducing health care costs — and improving the health and well-being of their employees — should take a serious look at digital therapeutics, which have the potential to provide effective, low-cost ways to prevent and treat chronic diseases and their consequences. Digital therapeutics are technology-based solutions that have a clinical impact on disease comparable to that of a drug. They primarily use consumer-grade technology such as mobile devices, wearable sensors, big data analytics, and behavioral science and can be delivered through web browsers, apps, or in conjunction with medical devices. They can also be deployed in real time and at scale, which is critical for intervention in chronic diseases.
The Proven Health Tracker that is Saving Thousands of Lives
AliveCor's recently launched Kardia Band, which integrates with Apple's smart watch, takes an electrocardiogram (ECG) of your heart, measuring its electrical activity as it pumps away. Medical experts believe it could potentially save thousands of lives. It can spot atrial fibrillation (AF) - one of the most common forms of abnormal heart rhythm and a major cause of stroke.
You place your thumb on the metal sensor in the watchband to complete an electrical circuit and it can take a reading in 30 seconds, sending the data to the watch over high-frequency audio rather than Bluetooth or wi-fi. Kardia Band can spot other problems, too, but currently only has regulatory approval for AF. If it spots anything else unusual it suggests you go and see your doctor.
IBM’s Watson Supercomputer Brought to Finnish Healthcare
Authorities in Finland are working with IBM to improve healthcare through cognitive computing. Digitization of healthcare is expected to bring benefits to patients, professionals and hospitals alike in the form of increased efficiency, flexibility and cost savings. In Finland, for example, a deal between IBM and the Finnish Funding Agency for Innovation (Tekes) aims to tap into health data and IBM’s cognitive computing platform Watson Health. http://www.computerweekly.com/news/450403004/IBMs-Watson-supercomputer-brought-to-Finnish-healthcare
Massachusetts Launches Digital Healthcare Council
BOSTON -- Cabinet secretaries, health-care executives, academics and venture capitalists will make up the Digital Healthcare Council, a group announced Tuesday by Gov. Charlie Baker's administration to help it set policy for the digital-health industry in Massachusetts.
The Digital Healthcare Council, described as a public-private partnership, will be co-chaired by Katie Stebbins, assistant secretary of innovation, technology, and entrepreneurship in the Executive Office of Housing and Economic Development, and Vertex President and CEO Jeffrey Leiden. The group will meet at least four times a year.
Next month, Baker will travel to Israel on his first international trade mission, with plans to focus on cyber-security and digital-health innovation.
The Digital (R)Evolution of Healthcare: How 2016 Trends Will Evolve in the Year Ahead
The Point of Care Communications Council (POC3), an industry association dedicated to advocating for the effective use of the point of care (POC) channel to advance health and healthcare outcomes, recently held its annual meeting in New York to discuss how to elevate healthcare at the POC. Whether stakeholders come from clinical, marketing, patient education, or analytics disciplines, they all have the same concern: How to better engage patients using their physical presence at the POC as a core part of their patient journey. Healthcare providers and marketers must “compete” for patients’ attention as digital technology envelops their lives. And, while pharma in general has been conservative about employing new innovations, it understands the need to be part of this (r)evolution and are actively working to adopt new technologies in order to better engage patients both at the POC as well as at other points across their patient journey.
Former Doctor Stands to Make Millions from Sale of Digital Healthcare Business Doctor Care Anywhere
Dr Bayju Thakar, who started Doctor Care Anywhere four years ago, has received approaches from some of the country’s largest insurance firms who are looking at how to capitalize on a growing demand for private healthcare as the NHS struggles with an increasingly ageing population.
Doctor Care Anywhere is looking to raise £25m to help accelerate its expansion, but is also understood to be considering a £100m-plus sale. The corporate finance boutiques DC Advisory and Icon have been hired by the business to field interest.
SIMPLY THE BEST
São João Hospital Center, Portugal, Masters Digital Healthcare
The solution from the team at São João Hospital Center is called “HVITAL: Transforming Hospital Big Data into real insights that empower clinical teams to timely Act and Save Lives.” It is credited with being able to predict up to 30% of ICU admissions, 7 days in advance. This is done by importing all the data from the different clinical departments around the hospital. This is a non trivial task. The data is not just in different system but in different formats. It required the developers to write complex software mapping and integration between systems.
It was not just up-to-date data that was imported. For the system to build predictive models it needed historical data as well. Once the data is imported it calculates the risk of infection and clinical deterioration of each patient. It then uses that data to alert patients to their increased risk allowing them to contact their doctor and avoid emergency admissions.
This is the type of system that will appeal to healthcare providers globally. The rising costs of healthcare, especially emergency care and treatment means that budgets are constantly under pressure. While we were unable to get access to the size of the savings, it will have been in the millions of Euros. There are several things that could now happen with HVITAL.
ELECTRONIC HEALTHCARE ARTICLES
eHealth Advances in Support of People with Complex Care Needs: Case Examples from Canada, Scotland and the US
By Carolyn Steele Gray, Stewart Mercer, Ted Palen, Brian McKinstry and Anne Hendry on behalf of The Multi-National eHealth Research Partnership, Supporting Complex Chronic Disease and Disability The eCCDD Network
This article presents three case examples from Ontario (Canada), Scotland and Kaiser Permanente Colorado (United States) to identify how various jurisdictions are using health-related IT technology to address multimorbidity.
Enhancing Patient Care via a Pharmacist-Managed Rural Anticoagulation Clinic
By Cindy Jones and Guy Lacombe
Integrating specialized pharmacist services and follow-up with the laboratory, home care nursing, retail pharmacy and physicians can ensure optimal outcomes for patients receiving anticoagulation, or "blood thinner," therapy. Improved patient education and discharge care planning can bridge disconnects, enable patients to better manage their care and ensure better patient outcomes and more effective use of health system resource
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