Don’t you just love the holidays? It’s not a question. It’s my mantra. To be repeated frequently as I squeeze through the crushing mass of humanity that is the local Whole Foods this time of year, wondering whether that’s joy or rage I’m feeling. Equal parts maddening and awe-inspiring, no time of year is a better reminder that these days, the consumer really is king. Even health care, Grinch that it can be, is getting into the spirit.
Consumers can manage, drive, and design their health care experience like never before. Want to know what your blood pressure is every morning? Done. Need to see a Doctor, but don’t have time? Schedule a visit on your hours. Wish your doctor knew you better, so figuring out and preventing problems was a little easier? Well, your cell phone can help with that.
With all eyes on the consumer at the center of health care, we’ve seen an explosion of companies prepared to cater to consumers and a number of investors equally as eager to fund them. As it currently stands, the Health 2.0 Source Database tracks more digital health companies geared towards consumers than there are calories in your Thanksgiving feast – 1,719 to be precise. Companies, not calories. Another 200 plus are solely focused on connecting consumers to providers. And these companies aren’t all two-person startups operating out of Mom’s garage (although as we all know, that’s not a bad start). All told, more than $1.3 billion have poured into consumer-facing startups in the first three quarters of 2014 alone.
Of course, no consumer transformation would be complete without the brands, which is something health care now has in spades. Retail giants and stocking-stuffer staples Apple, Samsung, Google, WalMart, Target and more continue to expand their health footprints. It’s certainly an exciting time to be a part of digital health, but with the big names getting involved, it seems that soon enough we’ll all be involved in digital health in some way.
With consumers driving the future of health, it’s important to understand the implications this shift has for technology, retail, and venture. These are the themes Health 2.0 plans to explore at WinterTech, a new one-day event focused exclusively on the consumer health tech landscape. From how consumers are managing their personal health to how providers are using consumer data to drive clinical insight to how retail is improving the consumer health experience, WinterTech will unpack whether we’re headed for a Black Friday stampede, or that perfectly targeted ad that with a few simple clicks becomes a new favorite pair of boots in the closet.
WinterTech will take place in San Francisco on January 15th and will focus exclusively on the consumer health tech landscape from the perspective of leading technology companies, retailers, and investors.
The inaugural Health 2.0 WinterTech event will explore a new class of consumer health technologies that stems from the interplay of emerging technologies and partnerships across sectors. The current global health and wellness economy is being revolutionized by the entry of technology giants into the digital health space. There have been shifts in the start-up ecosystem as well as new opportunities for investors, retailers, employers, providers, and policy makers as all sectors adapt to the rising trend of the digitally connected and engaged health consumer.
Digital health investments are at an all time high, and the era of passive patients is over. WinterTech will address these changes and focus on the informed patient, new health interfaces, clinical quality improvement, and new pathways for investment. Industry leaders Walmart, Samsung, Target, Qualcomm Life, MyFitnessPal and many others will discuss major digital health themes in the marketplace such as: investing in consumer health, the new role of retail environments in health care, new platforms and interfaces for personal health, the informed health care consumer, and how consumer data is contributing to new clinical insights. Continue reading →
Investments in digital health have never been higher, with reports indicating that $5 Billion has been invested in health tech startups in 2014. Encouraged by the increasingly favorable changes being made to health policy in the U.S., many entrepreneurs have answered the call to action to solve problems related to health care delivery and access, disease management, and cost reduction. Venture capitalists recognize the value of innovation in health care through technology yet few of these tools have gained widespread adoption. Health care organizations and providers are wary of implementing new technologies that haven’t been tested for fear of disrupting their workflows and causing more problems than before.
Market R&D Pilot Challenge Website
Recognizing these high barriers to entry for digital health startups the Office of the National Coordinator for Health Information Technology (ONC) is hosting the Market R&D Pilot Challenge to bridge the gap between health care providers and innovators. This competition, which is administered by Health 2.0, may award pilot proposals in four different domains: clinical environments (e.g., hospitals, ambulatory care, surgical centers), public health and community environments (e.g., public health departments, community health workers, mobile medical trucks, and school-based clinics), consumer health (e.g., self-insured employers, pharmacies, laboratories) and research and data (e.g, novel ways of collecting data from patients).
How it works:
- Interested teams can attend an informational webinar to learn more about the challenge and requirements.
- Facilitated matchmaking sessions will be held nationwide in December 2014. These “speed-dating” events are opportunities for startups to meet with health care organizations and try to identify a beneficial scenario for both parties to run a pilot.
- Hosts and innovators complete a joint proposal for a pilot project by January 23, 2015.
- Up to Six winners will be awarded and move on to implement their pilot
Interested companies do not need to rely on matchmaking events to find a host organization and are encouraged to foster connections and apply with health care organizations outside of these events. Up to six $50,000 prizes will be awarded to teams to implement their pilot projects.
Sounds interesting? The challenge is open to those ‘hosts’ and ‘innovators’ who meet the following criteria:
- Health care organization
- No fewer than 150 patients served (if provider)
- Have time/resources to devote to pilot project
- Designate an business-oriented mentor to see pilot through from start to finish
- Early-stage health technology company
- Maximum of 50 employees
- Have an easily testable tech-based health care product
- Be financially stable, have managerial capacity, availability
- Raised less than $10M in VC funding
Visit the ONC Market R&D Pilot Challenge Website for challenge details and upcoming events!
By: Aline Noizet
This year, Health 2.0 Europe will be welcoming on stage the youngest ever speakers. Demo-ers from 2nd Aid are only 15 years old. Those young entrepreneurs coming from Barcelona, Spain has founded 2nd Aid, which provides tailor-made tablets for hospitals to offer entertainment, education, social networking etc. for hospitalized kids.
The company was born as part of the assignment Become an Entrepreneur, taught at Col.legi Montserrat in Barcelona. The 15 years old students have the opportunity to choose this entrepreneurial course working in groups of 5 people. Students open their own company, takes on a specific role (General Manager, Marketing Director, Finance Director, Operations Director and Human Resources Director), and works on the full life cycle of the company – from idea generation to production, sales, and finally liquidation of the company. They need to find investors, negotiate with suppliers, establish partnerships, do their market research, and develop marketing campaigns to support the launch of their product or service.
It makes students develop their entrepreneurial skills and experience the positive impact that their ideas can have on society. Col.legi Montserrat uses Stanford’s Design Thinking and other methodologies to make students seek innovative solutions to solve concrete social problems (hunger, pollution, diseases, poverty, among others).
Col.legi Montserrat was founded in 1926 by the Missionary Daughters of the Holy Family of Nazareth Congregation. Its educational project is based on the Multiple Intelligences theory from Howard Gardner and the Project Base Learning methodology.
Other examples of companies, which were started this year:
ABLE: Aims to show to the world that, even if we are born different, we all are ABLE. “For us, each person has a special gift, each one is unique and special. We should stop talking about “disabled” and talk about ABLE instead”. They have created an online contest to allow disabled people discover their talents. talentosolidarios.com
B-SAFE: A company willing to help retirement centers. A computer based software and a bracelet allows you to know the in and out movements of senior people in the center. On top, each bracelet contains a geoLocator-chip that can locate lost residents.
HANDS GIVING: Winner of the “Best European Social Company of the Year”, this group of young entrepreneurs wanted to promote volunteering work among young people. They contacted all organizations in Barcelona and created a unique Notebook with all the voluntary work you can do in the city at any time.
Jen Hyatt, Founder & CEO of Big White Wall gives an insight on how the company came to be and what they’re up to now!
Q: Where did the idea for Big White Wall come from? What does the name represent?
JH: The idea for Big White Wall came from hearing some numbers that shocked me: one in four people will experience a mental health problem in their lives, but the majority of them will not receive treatment. Big White Wall was designed to provide easy access to support and high-quality therapeutic interventions, by using digital technology to make services available 24/7, from home or on the go.
The name Big White Wall comes from:
- ‘Big’ as human emotion is infinite
- ‘White’ as we all need an unmediated blank canvas
- ‘Wall’ as it can provide shelter and support and it is also something we sometimes need to break through
What is Big White Wall?
JH: Big White Wall creates the capacity for an individual to effectively and anonymously tackle mental health and wellbeing issues. It does this by using digital technology to transform the way health care is delivered. BWW’s digital community supports its members to self-manage their care with the collaboration and guidance of 24/7 counsellors (called Wall Guides), clinicians and peers. It offers personalized pathways to support and recovery, with optimization of mental and physical health, through a choice of safe therapeutic services available 24/7 via app, tablet and PC.
What’s the biggest promise that new technology provides patients? What is BWW doing in regards to this?
JH: Technology has improved our ability to control many aspects of our lives, although this has happened more rapidly in some areas than others, such as healthcare, for example, where medical professionals remain firmly in charge requiring us to wait for weeks, often quite passively, for appointments, results and treatment options.
Almost a third of the population seek health advice online whilst, according to a WedMD survey, 40% of patients wanted to use technology to deal with health issues without visiting a doctor’s surgery, while just 17% of doctors were in favor. Clearly, the days of being passive consumers of care are over. We want to be more involved in managing our own health journeys and we want the data to validate our medical and health choices as well as to track our own state of health.
BWW is a mental health solution addressing the changing technology and health needs of society. Members can log on anytime or day from anywhere to get support from a community of peers and professionals, so that they can take control of their mental health and feel better.
What are some of BWW’s results?
JH: BWW has been designated a High Impact Innovation by the NHS in the UK, named the best eHealth solution in the EU in 2014, and is registered with the CQC (Care Quality Commission), England’s independent health and social care regulator:
- 73% of people report sharing an issue for the first time
- 95% report improved wellbeing
- 80% report improved self-care
- Savings of £37,000 per 100 members to the UK NHS. (This does not include wider economic impacts, which may include savings to social care departments and reduced requirement for sickness and disability benefits)
You can hear from Big White Wall’s Founder & CEO Jen Hyatt at this week’s Health 2.0 Europe. She will be a panelist on “SHHHH Topics….Overcoming Addictions, Grief, and Stress”. To learn more about Big White Wall visit www.bigwhitewall.com.
Infermedica is an artificial intelligence and machine learning company focused on clinical decision support. Their latest product, Healthform, is an intelligent patient prescreening tool that can be integrated into any check-in system for a clinic or a hospital.
Unlike existing tools for online patient check-in, Healthform uses its proprietary medical inference and reasoning technology to conduct a conversation with a patient. Healthform asks a series of questions pertaining to the patient’s demographic data, risk factors and reported chief complaints, using a statistical method called the value of information. This way the patient answers only questions that are related to his/her symptoms, which match underlying diagnoses derived by the reasoning engine.
After the interview, the patient’s data are securely transmitted to the healthcare provider. On the provider’s side, Infermedica uses its technology to show a list of likely differential diagnoses with their attendant probabilities, color-coding conditions that may warn of the need for immediate clinical attention. In the future, Healthform will also provide a list of recommended lab tests and clinical findings.
As Dr. Irv Loh (Chief Medical Officer and co-founder of Infermedica) says, “Healthform’s goal is to assist both patients and healthcare providers in arriving at the most probable diagnoses quickly and efficiently, thus improving the quality of care as well as saving time and money.”
If you plan to attend the upcoming 5th Annual Health 2.0 Europe conference, you will have a chance to see an Infermedica demo at the first-day session called “Tools for Hospitals and Health Professionals”.
At Qardio, we’re always looking for ways to give you a bigger and better picture of your personal heart health. With our latest feature announced today, we’re upping the ante.The new Places feature for QardioArm allows users the ability to see how their location, be it at home, work, or traveling, effects blood pressure measurements.
This exciting new feature will be demoed at Health 2.0 Europe and we’re thrilled to arm users with the ability to capture a rich and unprecedented continuum of data through the QardioArm.
The QardioArm smart blood pressure monitor offers an elegant and compact design, a photo slideshow feature (for use during measurements), an irregular heart beat tracker, family and doctor sharing, easy viewing and tracking of blood pressure measurements, and now, with Places, QardioArm is better than ever.
To see how Places works and to learn more about Qardio and the QardioArm, visit us at Health 2.0 Europe and come hear our CEO, Marco Peluso speak Monday, November 10 at 2:45 p.m.
Led by Health 2.0 Chairman Matthew Holt, the Nov 3 webinar, EU vs US, Investments in Digital Health; highlighted important differences between health care markets in Europe and the United States, and elements that attract international investors. Panelists Lisa Suennen (Venture Valkyrie), Rosemary Cunningham-Thomas (Artemis Healthcare Ventures), Charles Stacey (Inventages), and Klaus Stockemann (Peppermint Ventures), shared their insights on the current climate of European digital health investment.
The consensus was that health IT market investments are increasing, but difficult to quantify because of the blurring of subcategories, such as pharmaceuticals, wearables, and other devices. The panel agreed that a lack of widespread EU digital health adoption has provided somewhat of a barrier to significant European investment. While Klaus conveyed widespread German unenthusiasm, Rosemary noted that success in the UK was bolstered by company activity and innovation at “pressure points”- such as diabetes management and psychological and mental health services- where the need for digital health solutions is great.
The investors spoke about the growing power of telehealth, which encompasses everything from virtual physician visits to peer to peer consultations, and the focus on telehealth to improve the quality and availability of care. When asked about their favorite digital health space, responses ranged from medical devices to mobile sensors to mass data aggregation, which will all assist in clinical decision making. To the investors, significant ‘turn-offs’ included vague descriptions of the company solution and of the problem it seeks to rectify as well as poor grasp of company financials and lack of research on an investor’s background.
This webinar is part of the GET project, which aims to provide mentorship and funding support to digital health startups in Europe. GET helps companies hone their business plans, matches them with investors, and serves as a gateway to global markets through the creation of cross-border contacts, resources, and opportunities.
Listen to the entire webinar, visit us here!
Vida, a new health coaching app that connects users to coaches and educators for $15/week, launched commercially this week with $5 million in funding from Khosla Ventures and several others, as well as an on stage demo at Code Mobile.
Vida is the latest in a crop of health apps focused on tech-enabled services. The idea is a familiar one at this point, but something that health care has struggled with: how can we keep individuals with chronic illnesses on track between doctor’s appointments? The answer has historically required high-cost, high-touch programs, but now technology is helping those programs scale.
Founder and CEO Stephanie Tilenius and Chief Medical Officer Connie Chen sat down with Matthew Holt to explain how Vida works, how it’s currently being used, and what’s on the road map for the young, San Francisco-based company.
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Health 2.0 announces the inaugural event, WinterTech: The New Consumer Health Landscape on January 15th, 2015 during JP Morgan Week in San Francisco, CA. Industry leaders Walmart, Samsung, Target, Qualcomm Life, MyFitnessPal and many others will discuss major digital health themes in the marketplace such as: investing in consumer health, the new role of retail environments in health care, new platforms and interfaces for personal health, the informed health care consumer, and how consumer data is contributing to new clinical insights.
As new partnerships and opportunities emerge across many different sectors during a changing era of digital health and wellness, WinterTech aims to gather the industry leaders and consumers to facilitate impactful change.
Participating organizations and speakers at WinterTech include:
Ben Wanamaker (Walmart)
Bakul Patel (United States Food and Drug Administration)
Rick Valencia (Qualcomm Life)
Tara Montgomery (Consumer Reports)
Karan Singh (Ginger.io)
Agenda highlights include:
Consumer Data Powering Clinical Insight: The tools and services that are shaking up data collection and analysis to provide actionable insights and more personalized health care. With Rick Valencia (Qualcomm), Bakul Patel (FDA), Karan Singh (Ginger.io), and Amanda Cashin (Illumina).
New Platforms and Interfaces for Personal Health: Samsung, Nick Crocker (MyFitnessPal), Jim Taschetta (iHealthLabs), David Donovick (Pivotal Living), and Lena Cheng (Doctors on Demand) discuss and analyze the newest tools and platforms in health and wellness as both familiar favorites and new players make ventures into this exploding market.
Investing in Consumer Health Care: An indepth discussion with health care investors including Lisa Suennen (Venture Valkyrie Consulting) and Casper deClercq (Norwest Venture Partners).
Revolutionizing Retail for Better Health Care Experiences: Ben Wanamaker (Walmart), Joshua Riff (Optum), and Target discuss the integration of health care into the retail environment both online and in person.
The Informed Health Consumer: The tools and resources educating and empowering consumer health care decision making. Hear from Tara Montgomery (Consumer Reports), Heather White (Environmental Working Group), Alex Postman (SELF Magazine), Thomas Goetz (Iodine), Ari Tulla (BetterDoctor) and moderator Dr. Robin Berzin.
“It’s impossible to understand the impact of this new class of consumer health technologies without understanding the larger economic and demographic shifts affecting the nation at large” said Health 2.0 CEO, Indu Subaiya. “From retail and media, to employers and consumer associations, WinterTech will examine the opportunities that arise from new distribution channels and business models that can take this innovation mainstream.”
Most details, including the agenda and registration can be found on the WinterTech website.