Healthcare technology – Hospice Of Howard County http://hospiceofhowardcounty.com/ Wed, 23 Nov 2022 00:46:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://hospiceofhowardcounty.com/wp-content/uploads/2021/10/cropped-icon-32x32.png Healthcare technology – Hospice Of Howard County http://hospiceofhowardcounty.com/ 32 32 According to the health technology management market https://hospiceofhowardcounty.com/according-to-the-health-technology-management-market/ Tue, 22 Nov 2022 16:30:00 +0000 https://hospiceofhowardcounty.com/according-to-the-health-technology-management-market/ LONDON, Nov. 22, 2022 (GLOBE NEWSWIRE) — Get 33% off for a limited time on our uniquely designed opportunity and strategy market research reports. Contact us today and develop winning strategies! According to The Business Research Company’s research on the healthcare technology management market, the growing need for data security is expected to propel the […]]]>

LONDON, Nov. 22, 2022 (GLOBE NEWSWIRE) — Get 33% off for a limited time on our uniquely designed opportunity and strategy market research reports. Contact us today and develop winning strategies!

According to The Business Research Company’s research on the healthcare technology management market, the growing need for data security is expected to propel the healthcare technology management market in the future. Data security is the process of protecting data against unauthorized access and data corruption. The need for data security is increasing due to the increase in the activities of hackers who steal patient data to commit fraud. Health technology management helps protect data from hacking, using production and operations management techniques, which helps identify fish mail and report it directly to the user . For example, according to a report published by Forbes, a US-based business magazine, in January 2022, cyberattacks increased by 71% in the healthcare sector in 2021. Additionally, in July 2021, International Business Machines Corporation , a US-based technology company, healthcare data breach cost increased to $9.4 million in 2021 from $2 million in 2020, there is an increase of $4.24 million in 2021. Hence, the need for data security is driving the growth of the healthcare technology management market.

Request a sample of the global health technology management market report

The size of the global health technology management market is expected to grow from $13.70 billion in 2021 to $15.69 billion in 2022 at a compound annual growth rate (CAGR) of 14.5%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The Healthcare Technology Management Market is Expected to Reach $25.78 billion in 2026 at CAGR of 13.2%.

Technological advancements are a key trend gaining popularity in the healthcare technology management market. Major companies operating in the market are focusing on developing innovative technologies to maintain their position in the market. For example, in March 2022, TRIMEDX, a US-based company that provides clinical engineering, medical device cybersecurity and clinical asset management solutions, launched the RUDR Score, an AI-based technology that assists in objective decision making regarding clinical assets. replacement. It also contains advanced benchmarking of customer data. Its sophisticated cloud-based technology makes it easy to store more data in one place and make it accessible. The system also benefits from maintaining cybersecurity, improving patient safety, and maintaining the efficiency of medical equipment.

Key Players of Healthcare Technology Management Market are GE Healthcare, Sodexo, Siemens Healthcare GmbH, TRIMEDX, Koninklijke Philips NV, Crothall Healthcare Inc, Renovo Solutions, ABM Industries Inc, Jannx Medical Systems Inc, Welldoc Inc, Agility Inc , InterMed Group, Eli Lilly and Company, Allscripts Healthcare Solutions Inc and Athenahealth Inc.

Global Healthcare Technology Management market segmentation is categorized by Service Type into Maintenance & Repair, Capital Planning, Embedded Software Platform, Workforce Management, Supply Chain (Procurement) , cybersecurity, quality and regulatory compliance; by facility type in acute care facility, post-acute care facility, non-acute care facility.

North America was the greater region in the Healthcare Technology Management Market in 2021. Regions covered in the Healthcare Technology Management Market report are Asia-Pacific, Western Europe, Eastern Europe , North America, South America, the Middle East and Africa.

Global Healthcare Technology Management Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provide forecast size and growth of the Healthcare Technology Management Market, Healthcare Technology Management Market Segments, Healthcare Healthcare Technology Management Market Trends, Healthcare Technology Management Market Drivers and Restraints the health, revenue, profiles and market shares of top competitors in the Healthcare Technology Management market in its competitive landscape section for over 3,000 industry reports, covering over 2,500 market segments and 60 geographical areas.

The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 1,500,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders.

Not the market you are looking for? See similar market intelligence reports:

Global Healthcare Cloud Infrastructure Market Report 2022 – By Component (Hardware, Services), By Pricing Model (Pay-As-You-Go, One-Time Pricing), By Deployment Model (Private Cloud, Hybrid Cloud, public cloud), by end user (Healthcare providers, healthcare payers) โ€“ Global market size, trends and forecasts 2022-2026

Global Healthcare CRM Market Report 2022 – By Component (Software, Services), By Technology (Predictive, Mobile, Social, Collaborative, Other Technologies), By Deployment Model (On-Premise, Web-Based or Desktop-Based Model) cloud), by application (Community Outreach, Community Health Education, Service Outreach or Promotion, Financial Donor Management, Case Coordination, Patient Information Management, Pre-Authorizations or Eligibility, Other Applications), by End Users ( vendors, payers, life science industry) – Market Size, Global Trends and Forecast 2022-2026

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The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and measures in 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess gaps between supply and demand.

        
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Microfluidic Technology Market to Grow to $29.41 Billion; Health technology market identified as parent market https://hospiceofhowardcounty.com/microfluidic-technology-market-to-grow-to-29-41-billion-health-technology-market-identified-as-parent-market/ Mon, 21 Nov 2022 07:51:40 +0000 https://hospiceofhowardcounty.com/microfluidic-technology-market-to-grow-to-29-41-billion-health-technology-market-identified-as-parent-market/ NEW YORK, November 21, 2022 /PRNewswire/ — The “Microfluidic Technology Market by Material and Geography – Forecast and Analysis 2022-2026report has been added to Technavio’s offering. The report forecasts the market size to increase by $29.41 billion accelerating at a CAGR of 19.42% during the forecast period. Technavio classifies the global microfluidic technology market as […]]]>

NEW YORK, November 21, 2022 /PRNewswire/ — The “Microfluidic Technology Market by Material and Geography – Forecast and Analysis 2022-2026report has been added to Technavio’s offering. The report forecasts the market size to increase by $29.41 billion accelerating at a CAGR of 19.42% during the forecast period. Technavio classifies the global microfluidic technology market as part of the global health technology market, which, in turn, is part of the global healthcare market. The market includes revenue generated from the sales of healthcare IT applications and systems, internet-based healthcare tools (such as monitoring devices) and IT consulting services to clinics, hospitals or companies primarily operating in the health sector. Technavio calculates the size of the global health technology market based on the combined revenue generated by manufacturers/suppliers of equipment, supplies, pharmaceuticals, biotechnology, health technology players and tools and life science services. Get more highlights in parent market analysis. Download a Free Sample PDF Report

Technavio has announced its latest market research report titled Global Microfluidics Technology Market 2022-2026

Microfluidic Technology Market 2022-2026: Scope

Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources. The Microfluidic Technology Market report covers the following areas:

Technavio’s library includes over 17,000 reports covering over 2,000 emerging technologies. Subscribe to our “Basic Plan” right now $5,000 and get lifetime access to our Technavio Insights

Microfluidic Technology Market 2022-2026: Scope

The global microfluidic technology market is highly fragmented, with small and large vendors operating in a highly competitive environment. Market players compete on various factors such as price, brand, availability, and variety. Price is a major basis for competition among players to gain market advantage. The growth of market players also depends on market conditions, government support and industry development. Access to capital and advances in product innovation are major barriers to entry for new players. Therefore, suppliers need to expand geographically and boost domestic demand to achieve sustained growth over time. Suppliers can increase their profitability by practicing efficient production techniques to minimize product costs and avoid cost overruns. There are a significant number of smaller regional providers in the market. Intense competition and declining profit margins are significant risk factors for vendors. Therefore, to survive and succeed in this fiercely competitive environment, it becomes imperative for vendors to differentiate their product and service offerings through clear and unique value propositions. Get more insights into the vendor landscape. Download a Free Sample PDF Report

Microfluidic Technology Market 2022-2026: Segmentation

The global microfluidic technology market is segmented as follows:

The polymer-based microfluidics segment will have the largest market share. Over the past decade, there have been significant advances in PMMA microfluidic chips. PMMA microchips are expected to find a wide range of applications in the healthcare industry and lead to the creation of truly disposable microfluidic devices. Thus, increased adoption of polymer-based microfluidics in various healthcare applications is driving the growth of the global microfluidic technology market in this segment.

Hospitals are the main end users of the market. The hospital segment in which microfluidic technology can serve as autologous material for cell replacement therapies or even future organ transplants, with the ability to correct disease-causing mutations prior to transplantation. Microfluidic technology will revolutionize precision diagnostic approaches and future drug development in diagnostic centers.

33% of market growth will come from North America during the forecast period. The market in North America generates the highest revenue in the global microfluidic technology market. The region is dominated by the United States, Canadaand Mexico. One of the factors driving the high demand for this market in the United States is the high investment in health research and testing.

Technavio’s in-depth research covers all your needs, as our research reports include all foreseeable market scenarios, including pre and post-COVID-19 analysis. Buy now!

Microfluidic Technology Market 2022-2026: Vendor Analysis

Competitors should focus on differentiating their product offerings with unique value propositions to strengthen their market presence. Market sellers also need to take advantage of existing growth prospects in fast-growing segments, while maintaining their positions in slow-growing segments.

Agilent Technologies Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Biocartis Group NV, BioFluidix GmbH, Blacktrace Holdings Ltd., Cellix Ltd., Danaher Corp., Elveflow, Epigem Ltd., F. Hoffmann La Roche Ltd., Fluigent SA, iBiochips, IDEX Corp., Illumina Inc., PerkinElmer Inc., QIAGEN NV, SMC Corp., Standard BioTools Inc., and Thermo Fisher Scientific Inc. are some of the major market players. Understand how purchasing the report can directly impact your revenue. Download a free sample report now

Microfluidic Technology Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026

  • In-depth information on factors that will contribute to the growth of the Microfluidic Technology market over the next five years

  • Estimation of the Microfluidic Technology market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the microfluidic technology market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of the factors that will challenge the growth of the Microfluidic Technology Market vendors

Related reports:

  • The Antibodies and Neuroscience Testing Market is a comprehensive research document that provides in-depth qualitative and quantitative information. Technavio analysts estimate the market share growth of $1837.68 million from 2022 to 2027 at a CAGR of 9.44%. The increasing incidence of neurological disorders is notably driving the growth of the neuroscientific antibodies and testing market, although factors such as the high development cost of neuroscientific antibodies may hamper the market growth.

  • The biomedical refrigerators and freezers market share is expected to increase by $1.27 billion from 2021 to 2026, and the growth momentum of the market will accelerate at a CAGR of 6.04%. The presence of value-added software and hardware products is particularly driving the growth of the biomedical refrigerators and freezers market, although factors such as compliance with medical guidelines and declining number of blood donors may hamper the market growth.

Scope of Microfluidic Technology Market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 19.42%

Market Growth 2022-2026

$29.41 billion

Market structure

Fragmented

Annual growth (%)

18.71

Regional analysis

North America, Europe, Asia and Rest of the World (ROW)

Successful market contribution

North America at 33%

Main consumer countries

USA, Canada, UK, Germany and China

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Agilent Technologies Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Biocartis Group NV, BioFluidix GmbH, Blacktrace Holdings Ltd., Cellix Ltd., Danaher Corp., Elveflow, Epigem Ltd., F. Hoffmann La Roche Ltd. , Fluigent SA, iBiochips, IDEX Corp., Illumina Inc., PerkinElmer Inc., QIAGEN NV, SMC Corp., Standard BioTools Inc. and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Material

6 Market Segmentation by End User

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Global Microfluidic Technology Market 2022-2026

Global Microfluidic Technology Market 2022-2026

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Preventive Healthcare Technologies Market Forecast https://hospiceofhowardcounty.com/preventive-healthcare-technologies-market-forecast/ Wed, 16 Nov 2022 13:37:00 +0000 https://hospiceofhowardcounty.com/preventive-healthcare-technologies-market-forecast/ Preventive health technology The report covers everything a marketer needs before investing in the global Preventive Healthcare Technology Market during the forecast period 2022-2029. It provides detailed information on current trends, market shares, market size, and sales value and volume. The data used for this report comes from reliable industry sources, paid resources and validated […]]]>

Preventive health technology

The report covers everything a marketer needs before investing in the global Preventive Healthcare Technology Market during the forecast period 2022-2029. It provides detailed information on current trends, market shares, market size, and sales value and volume. The data used for this report comes from reliable industry sources, paid resources and validated sources. This research works as a systematic guideline for marketers to make informed decisions. Leading players of the global Preventive Healthcare Technologies market are profiled with in-depth information about company profiles, product portfolios, geographical presence, statistical analysis, key developments and growth strategies.

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The Preventive Healthcare Technologies Market Research is a great resource to learn more about the market, develop trends, product usage, customer potentials, competitor tactics, brand positioning , customer preferences and behavior. The competitive analysis of this market report highlights significant companies in the Preventive Healthcare Technology industry.

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โ—˜ 23andMe
โ—˜ MyHeritage
โ—˜ Myriad Genetics
โ—˜ Quest Diagnosis
โ—˜ Medtronic
โ—˜ Abbott
โ—˜ Merck
โ—˜ GlaxoSmithKline
โ—˜ Sanofi
โ—˜ Pfizer
โ—˜ China National Biotec

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โ—˜ Genetic testing and screening
โ—˜ Vaccines

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โ—˜ Adults
โ—˜ Children

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โ—˜ Middle East and Africa (Turkey, GCC Countries, Egypt, South Africa)

โ—˜ North America (United States, Mexico and Canada)

โ—˜ South America (Brazil etc.)

โ—˜ Europe (Germany, Russia, UK, Italy, France, etc.)

โ—˜ Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)

If you have any questions regarding the Preventive Healthcare Technologies Market report, you can ask our expert: https://www.worldwidemarketreports.com/quiry/816384

Preventive Healthcare Technology Market

1. Introduction to Preventive Healthcare Technology Market
1.1.Definition
1.2.Scope of research

2. Executive Summary
2.1. Main results by main segments
2.2.Top Strategies of Key Players

3. Global Preventive Healthcare Technology Market Overview
3.1.Preventive Healthcare Technology Market Dynamics
3.1.1.Drivers
3.1.2.Opportunities
3.1.3. Constraints
3.1.4.Challenges
3.2.Global Preventive Healthcare Technology Market COVID-19 Impact Analysis
3.3.PILON analysis
3.4. Opportunity map analysis
3.5. PORTER’s Five Forces Analysis
3.6. Analysis of the competition scenario in the market
3.7.Product life cycle analysis
3.8.Manufacturer Intensity Map
3.9.Sales of large companies by value and volume

๐‚๐จ๐ง๐ญ๐ข๐ง๐ฎ๐ž…

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๐Ÿ“Œ What is the expected growth rate of the market over the forecast period 2022-2029?

๐Ÿ“Œ How big will the market be in the expected time frame?

๐Ÿ“Œ What are the important factors that will determine the fate of the preventive health technology industry in the coming years?

๐Ÿ“Œ Who are the Key Market Competitors and what are their winning methods for gaining prominent features in Preventive Health Technology Industry?

๐Ÿ“Œ What are the key market trends impacting the growth of the Preventive Healthcare Technology market across various regions?

๐Ÿ“Œ What are the most meaningful opportunities?

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โ—˜ Market value data for each section and sub-segment

โ—˜ Indicates the region and market segment likely to grow fastest and dominate the market.

โ—˜ The consumption of the product/service in each region is highlighted, along with the factors affecting the market within each region.

โ—˜ Competitive landscape includes market rankings of top players, as well as new service/product launches, collaborations, corporate expansions, and acquisitions made by featured companies in recent years.

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This press release was published on openPR.

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TXI Partners with Redox to Help Health Tech https://hospiceofhowardcounty.com/txi-partners-with-redox-to-help-health-tech/ Thu, 10 Nov 2022 14:00:00 +0000 https://hospiceofhowardcounty.com/txi-partners-with-redox-to-help-health-tech/ CHICAGO, Nov. 10, 2022 (GLOBE NEWSWIRE) — TXIproduct strategy and innovation firm, today announces its partnership with ORP, the leader in accelerating healthcare data interoperability, to build and scale digital products from startups to enterprise-scale healthcare technology companies. Ultimately, the partnership will help accelerate care outcomes for providers and patients. The partnership comes at a […]]]>

CHICAGO, Nov. 10, 2022 (GLOBE NEWSWIRE) — TXIproduct strategy and innovation firm, today announces its partnership with ORP, the leader in accelerating healthcare data interoperability, to build and scale digital products from startups to enterprise-scale healthcare technology companies. Ultimately, the partnership will help accelerate care outcomes for providers and patients.

The partnership comes at a critical time as health systems grapple with staffing challenges, budget pressures and a continued shift to virtual and hybrid models. Patients and providers are also increasingly looking to leverage data to better inform care plans. Together, these pressures increase the need for data-driven remote care models like mHealth (mobile health), RTM (remote therapy monitoring) and RPM (remote patient monitoring) solutions.

โ€œHealth technology companies are at a critical crossroads. It is crucial that they are able to provide access to data in a way that will enable more informed care for providers and patients,โ€ said Kayln Gigot, Acting Chief Customer Officer of Redox. “TXI is the perfect partner for our customers because they bring the expertise and experience our customers need to create digital products that stick.”

TXI’s pragmatic approach to product innovation provides the following benefits to Redox customers:

  • New market opportunities and features: TXI’s extensive user research, technology audits, and user experience review capabilities help evaluate existing and new product features, while identifying early-stage product opportunities.
  • Speed โ€‹โ€‹to market: TXI helps companies move faster from proof of concept to MVP release, while helping navigate clinical trial studies and pilot phases of product development.
  • Increased adoption and growth: TXI’s focus on customer development drives product roadmaps with proven commercial viability and ensures products deliver value to users and revenue to businesses.

Redox’s healthcare technology platform offers the following benefits to TXI’s healthcare customers:

  • Accelerate patient outcomes with data: Providers and patients can leverage data from over 350 digital health products to improve and accelerate care outcomes.
  • Extended connectivity: Providers and payers can dial any data or service quickly, making it easier and faster to connect health data between health systems.
  • Instant scalability and deployment: More than 30,000 healthcare organizations across the United States have at least one Redox-powered application, providing significant scaling opportunities for integrated patient solutions.
  • Composable experiences: Redox’s single, easy-to-use API enables health technology builders, providers and payers to create any patient, member or provider experience they can think of – while reducing the time-consuming technical work.

โ€œHealth care continues to experience a massive paradigm shift. Organizations that will succeed in this new environment are those that can focus on patients and their digital experiences, while leveraging their care data to drive better outcomes,โ€ said Mark Rickmeier, CEO of TXI. “By partnering with Redox, TXI can bring solutions to market even faster with the greatest coverage of hospital networks, payers and providers.”

TXI has an award-winning track record helping health technology companies create digital products that improve people’s lives. His work with Theragen to create a companion app for its spinal fusion device has won a 2022 Fast Company Innovation by Design honor award. TXI also works with Renalis Health, Respond to physiotherapya publicly traded Fortune 100 biopharmaceutical companyand more to drive uptake and adoption of digital health products.

To learn more about TXI, visit www.txidigital.com.

To learn more about Redox, visit www.redoxengine.com.

About TXI
TXI is a product innovation company that delivers engaging experiences and personalized software. Across healthcare, retail, manufacturing and education, TXI partners with clients ranging from startups to Fortune 100 companies to fuel growth by providing users with the digital products that they want to use. We combine product, design and engineering across web, mobile, IoT and data in an integrated approach that is critical to our partners’ success. To learn more about TXI, visit www.txidigital.com.

TXI Media Contact: Jack McHugh, jack@propllr.com

About ORP
Payers, providers, digital health companies and other healthcare entities use Redox to produce differentiated experiences for patients and clinicians. Connecting to over 30,000 healthcare organizations, Redox delivers a composable software experience across the healthcare ecosystem. With our unique API, product teams are empowered to create anything they can imagine. Redox is accelerating innovations that make health data more useful than ever.

Redox RP contact: Miona Short, press@redoxengine.com

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AvoMD Named Winner of Live Healthcare Technology Innovation Competition at Scientific Sessions https://hospiceofhowardcounty.com/avomd-named-winner-of-live-healthcare-technology-innovation-competition-at-scientific-sessions/ Wed, 09 Nov 2022 17:07:06 +0000 https://hospiceofhowardcounty.com/avomd-named-winner-of-live-healthcare-technology-innovation-competition-at-scientific-sessions/ CHICAGO, November 9, 2022 โ€“ The American Heart Associationยฎ Center for Health Technology & Innovation announced today that the winning submission for the AHA Health Tech competition is AvoMD of Brooklyn, New York. The Association holds the competition annually at its annual Scientific Sessions conference to highlight innovations and market advancements from healthcare and technology […]]]>

CHICAGO, November 9, 2022 โ€“ The American Heart Associationยฎ Center for Health Technology & Innovation announced today that the winning submission for the AHA Health Tech competition is AvoMD of Brooklyn, New York.

The Association holds the competition annually at its annual Scientific Sessions conference to highlight innovations and market advancements from healthcare and technology companies that engage with its Technology and Innovation Center in health throughout the year.

AvoMD Co-Founder Laurence Coman presented the winning solution: a no-code software platform that transforms clinical content – guidelines, algorithms, pathways and checklists – into “virtual clinical consultations” available instantly at the point of service on a stand-alone website/mobile apps and in electronic health records.

โ€œWe built a solution that takes clinical knowledge โ€“ which could be clinical guidelines, hospital pathways, AI predictions, really any kind of clinical knowledge โ€“ and it turns into point-of-care medical assistance. without needing coding experience,” says Coman. “So we created an app to help clinicians build their own clinical decision support apps without the need for computer or coding knowledge.”

The AvoMD idea was evaluated on the following points:

  • Validity: How well does the working prototype or product work in the market with customers?
  • Scientific rigor: To what extent does validation research use evidence-based health research?
  • Impact: To what extent does the product improve patient outcomes through innovative technology?

Coman said he was honored to receive the award from the judges, who included Star Jones, AHA National Volunteer, lawyer, television personality and heart disease survivor. “I’m honored to have the privilege of being at the AHA and having this opportunity,” Coman said. โ€œBoth of my parents are doctors and being able to tell them that I am even presenting to the AHA makes them proud and makes them happy. I’m doing all this work as a consolation prize for them because they didn’t go to medical school.

AvoMD will receive membership in the AHA’s Center for the Health Technology & Innovation Innovators Network, a consortium that connects entrepreneurs, providers, researchers and payers. Members also have access to the association’s digital guidelines, recommendations and best scientific knowledge as they develop their digital healthcare technologies.

Volunteer judges from the fields of health and technology assessed the impact and business case of the submitted proposals, as well as presented the impact on science and evidence of impact on health and patients in two separate assessments.

Additional judges included Eric Peterson, MD of the University of Texas, Southwestern (Dallas); Lee Shapiro of 7wire Ventures (Chicago); Heather Provino of the Scanlon Group (East Greenwich, RI); Asif Ali, MD of Hermann Memorial Hospital (Houston); Seth Martin, MD of Johns Hopkins University (Baltimore); Azizi Seixas, Ph.D. from the University of Miami (Miami, Florida); Anekwe Onwuanyi, MD of the Association of Black Cardiologists/Moorehouse School of Medicine (Atlanta); Neil Patel of Redesign Health (New York); Animesh Aashoo Tandon of the Cleveland Clinic (Cleveland); Robert A Harrington, MD of Stanford University (Stanford, CA); Tiffany M Powell-Wiley, MD of the National Institutes of Health (Bethesda, Md.); Ann Marie Navar, MD of the University of Texas, Southwestern (Dallas), and Mike McConnell, MD of Tesseract (Guilford, Conn.).

Other finalists included Bloomer Tech (Boston, Massachusetts), Cipherome (San Jose, CA), NimbleHeart (Sunnyvale, CA), and Opsis (Golden, Colorado).

About the finalists

Bloomer Tech uses ordinary clothing made with advanced fabric technology integrated with machine learning to transform everyday items into medical healthcare devices focused on female physiology. The garments use a patented platform called LILY to collect medical-grade data for women. Aceil Halaby, chief operating officer, said this solves a major problem for women’s healthcare.

Founded on the belief that everyone deserves the best medicine, Cipherome’s goal is to personalize drug therapy by understanding a patient’s genomic information and combining that with clinical factors to deliver the best medicine for a patient. Chief Commercial Officer Jose Estabil said adverse medical events in the United States and patients being prescribed drugs that may not best meet their needs is a $100 billion problem.

Recognizing the limitations of traditional exercise-based ECG monitoring, NimbleHeart created a custom hardware design for its ECG harness with patent-pending motion artifact reduction technology and a biomechanical-based harness design with slots of shape and sensor for men and women and for different body types. CEO Sonal Tambe said these can be used for monitoring in the home, office, gym or other healthcare environments.

Launching this month, Plateful by Opsis is a free smartphone app that will give you the full picture of your food – from nutritional value and portion size to its impact on the planet. It lets users tell how healthy their food is, learn how to eat better with motivation and guidance, track their nutritional journey, and scan products for simple, actionable food choices.

Members participate in the Center in a variety of ways, including creating models for clinical outcome studies, reducing the significant cost of developing these studies independently, helping to connect science with technology, and providing evidence that a digital platform improves healthcare outcomes โ€“ a key concern for providers and payers.

Additional information on judges and criteria is available here.

###

About the American Heart Association

The American Heart Association is an unrelenting force for a world of longer, healthier lives. We are committed to equitable health in all communities. Through collaboration with many organizations and millions of volunteers, we fund innovative research, advocate for public health and share vital resources. The Dallas-based organization has been a leading source of health information for nearly a century. Join us on heart.org, Facebook, Twitter or by calling 1-800-AHA-USA1.

For media inquiries: 214-706-1173

Karen Springs: 214-706-4831; karen.springs@heart.org

For public inquiries: 1-800-AHA-USA1 (242-8721)

heart.org and stroke.org

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InvestmentPitch Media Video discusses Reliq Health, a rapidly growing global health technology company, and its contract with a current client to add 50 additional skilled nursing facilities to its iUGO care platform https://hospiceofhowardcounty.com/investmentpitch-media-video-discusses-reliq-health-a-rapidly-growing-global-health-technology-company-and-its-contract-with-a-current-client-to-add-50-additional-skilled-nursing-facilities-to-its-iu/ Mon, 07 Nov 2022 11:00:00 +0000 https://hospiceofhowardcounty.com/investmentpitch-media-video-discusses-reliq-health-a-rapidly-growing-global-health-technology-company-and-its-contract-with-a-current-client-to-add-50-additional-skilled-nursing-facilities-to-its-iu/ InvestmentPitch Media and Reliq Health Technologies Inc. VANCOUVER, British Columbia, Nov. 07, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV: RHT) (OTCPink: RQHTF) (FSE: MHN2), a growing global health technology company developing innovative virtual care solutions for the multi-billion dollar healthcare market, has contracted with a current customer to add 50 additional skilled nursing […]]]>

InvestmentPitch Media and Reliq Health Technologies Inc.

VANCOUVER, British Columbia, Nov. 07, 2022 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV: RHT) (OTCPink: RQHTF) (FSE: MHN2), a growing global health technology company developing innovative virtual care solutions for the multi-billion dollar healthcare market, has contracted with a current customer to add 50 additional skilled nursing facilities to its iUGO Care platform.

A media clip accompanying this announcement is available by clicking on the image or link below:

Reliq Health, a rapidly growing global health technology company, contracts with its current client to add 50 additional skilled nursing facilities to its iUGO care platform.  Untitled: Reliq Health, a growing global health technology company, contracts with its current customer to add 50 additional skilled nursing facilities to its iUGO care platform.

Reliq Health, a rapidly growing global health technology company, contracts with its current client to add 50 additional skilled nursing facilities to its iUGO care platform. Untitled: Reliq Health, a growing global health technology company, contracts with its current customer to add 50 additional skilled nursing facilities to its iUGO care platform.

For more information, please watch the InvestmentPitch Media video which provides additional information on this news and the company, as well as commentary from Bruce Campbell, Chairman and Portfolio Manager of Stonecastle Investment Management. The video can be viewed at “InvestmentPitch” Or on “Youtubeโ€. If the link is not available, please visit www.InvestmentPitch.com and enter “Reliq” in the search field.

Dr Lisa Crossley, CEO, said: โ€œWe are very pleased that our existing customer has chosen to expand the deployment of our iUGO Care platform to another 50 Skilled Nursing (SNF) facilities in their network. As with the 40 facilities previously announced, we will provide our iUGO Care Transitional Care Management (TCM), Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Behavioral Health Integration (BHI) solutions to help improve post-discharge health. . results and reduce readmissions, while generating new sources of revenue for institutions. Reliq will provide TCM to newly discharged patients at a rate of $60 per patient, with recurring revenue from RPM, CCM and BHI of $65/patient per month, at a gross margin of 75%. We are very happy that we are gaining significant traction in this space..โ€

Reliq will begin onboarding patients with these additional facilities in early 2023 and once all 50 facilities are operational, the company expects to onboard over 5,000 new patients per month or 60,000 new patients per year to its iUGO Care platform. . Skilled nursing facilities represent a large and previously untapped market for Reliq’s products.

With a skilled nursing facility, trained registered nurses provide the same level of nursing care you receive in a hospital, in a medical setting, under the supervision of a physician. After illness, injury or surgery, patients may move from a hospital to a skilled nursing facility to continue their recovery, where, in addition to skilled nursing care, care may include rehabilitation services provided by licensed physiotherapists, occupational therapists or speech therapists. A skilled nursing facility provides transitional care, which is covered by Medicare for a limited time after a qualifying hospital stay.

Market research firm โ€œFuture Market Insightsโ€ indicates that the US skilled nursing facilities market is expected to grow at a compound annual growth rate of 3.32%, reaching US$252 billion by 2032.

Ongoing research indicates that an increase in conditions such as diabetes, stroke, high blood pressure and other lifestyle diseases has led to an increase in Alzheimer’s disease, driving the trends in the US market for skilled nursing facilities. In 2019, about 1.5 million Medicare patients received care at about 15,000 skilled nursing facilities.

Based in Hamilton, Ontario, with offices in Florida and Texas, Reliq specializes in developing innovative virtual care solutions for the multi-billion dollar healthcare market. The company’s powerful iUGO CARE platform for care coordination and home care integrates wearables, sensors, voice technology with intuitive mobile apps and desktop software for patients, families, clinicians and health care administrators.

The technology platform is a complete SaaS solution that enables complex patients to receive high-quality care at home, improve health outcomes, improve the quality of life for patients and families, and reduce the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, enabling rapid care team interventions to avoid costly hospital readmissions and emergency room visits.

The shares are trading at $0.67. For more information, visit the company’s website, www.ReliqHealth.com or email IR@ReliqHealth.com. Investor Relations in the United States is handled by Ben Shamsian of Lytham Partners, who can be contacted at 649-829-9701 or by email at shamsian@LythamPartners.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which, combined with its wide distribution, including a press release service, to position your company story in front of the thousands of companies seeking exposure and funding from the financial community. The company specializes in producing short videos based on important press releases, research reports and other content of interest to investors.

Disclaimer

The information in this video InvestmentPitch Media Ltd. are intended for viewers only. Reliq Health Technologies paid a fee not to exceed $2,000 in cash to have its current press release produced in video format. Company information is based on publicly available information. Any information provided by InvestmentPitch Media Ltd., through its media services should not be construed as a recommendation, suggestion or offer to buy or sell any securities, but is provided solely as an informational media service. InvestmentPitch Media Ltd. makes no warranties or representations as to the accuracy or completeness of this information. All due diligence should be performed by the viewer or their financial advisor. Investing in securities is speculative and involves risk.

CONTACT:
InvestmentPitch Media
Barry Morgan, CEO
bmorgan@investmentpitch.com

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The best health tech jobs https://hospiceofhowardcounty.com/the-best-health-tech-jobs/ Tue, 01 Nov 2022 21:01:47 +0000 https://hospiceofhowardcounty.com/the-best-health-tech-jobs/ Today’s era is based on technology. Tech-related jobs now exist in every industry, and healthcare-related tech jobs are among the highest-paying quality jobs in the world. This is true because health care is a reliable and important industry. And people will always need access to doctors, nurses and the healthcare industry to stay healthy. The […]]]>

Today’s era is based on technology. Tech-related jobs now exist in every industry, and healthcare-related tech jobs are among the highest-paying quality jobs in the world. This is true because health care is a reliable and important industry. And people will always need access to doctors, nurses and the healthcare industry to stay healthy.

The influence of health tech jobs

Electronic equipment and computer systems are at the heart of health information technology. This digital system helps healthcare facilities maintain a safe and orderly database of patient records. A career in health information technology may suit those with a background in computer science. If you want to work in the healthcare sector, you can join the IT sector.

Careers in health information technology involve evaluating how a medical facility uses information technology to help prepare necessary documents. Documents include personal health records (PHR), electronic health records (EHR), electronic prescribing (e-prescribing), privacy, and industry.

It is crucial to learn about the healthcare industry in detail to ensure people’s health. Moreover, people need jobs to earn a living. It is therefore fundamental to seek good lucrative jobs to earn a stable income for themselves and their families. So, a brief overview of the life and duties of health tech jobs will help people to know more about this lucrative employment sector.

A short LLearn about different health tech jobs

Health Information Technician

The basic functions of this role are as follows: A health information technician is a type of information technology specialist who assists in management. The person manages the vital data of patients, employees and medical records of a healthcare facility. In addition, they are responsible for the proper storage and security of data so that no important information is lost. They also maintain the proper organization of patient records for easy access by doctors and other healthcare professionals.

In addition, the individual regularly updates the medical facility’s databases, registers and insurance records. By keeping an eye on patient medical records, technicians can gauge the effectiveness of interventions such as diagnostic tests and operations.

Medical coder

The primary obligation of this role: A medical coder is a medical coding professional who assists in the filing of health insurance claims. It is the responsibility of medical coders to assign unique identification numbers to each medical condition and procedure. The technician adds the number to each document, such as the electronic health record (EHR).

The person also works to verify the accuracy of data included in insurance claims and coordinates with insurance providers to resolve any issues. In addition, the person establishes appropriate levels of coverage for his patients. When it comes to making sure patients pay their bills on time and in full, medical coders typically work hand-in-hand with the billing department.

Health Services Administrator

A health services administrator manages the day-to-day operations of a health care organization as a whole or a specific division within it. Administrators in the medical field use computers and the Internet to track patient appointments and client insurance information. It is the responsibility of a health service administrator to make suggestions on how to improve the quality of care provided by the facility.

Clinical informatician

A clinical informatician is someone whose job is to study and analyze how medical institutions use data and technology. Clinical informaticians help collect and organize clinical data, such as health records and patient information. They also offer suggestions for improving the management of health facility data.

In addition, they are working on the implementation of a plan for the use of health information systems. Many clinical informaticians have experience in a clinical setting early in their career. They do this to ensure that they can provide accurate and relevant advice. Because their work relies heavily on an understanding of the healthcare industry and standard industry practices.

IT analyst

The primary function of an IT analyst is to assess the current state of a client’s IT infrastructure and make strategic recommendations for its improvement. IT analysts can keep tabs on how a business uses IT to identify problem areas, help deploy new equipment, and direct data and server recovery efforts in the event of a disaster.

Healthcare IT analysts may also be tasked with developing systems for archiving patient information and coordinating appointment scheduling. They are developing the system based on how information technology could be applied in a clinical setting.

Information Director

A Chief Information Officer (CIO) is a senior executive who manages an organization’s IT operations. Chief information officers (CIOs) can keep tabs on how their companies are using IT to determine where cybersecurity can be strengthened.

Additionally, they analyze where new IT processes can be developed and where enterprise-wide IT standards need to be established. The job description of a healthcare CIO may also include brainstorming new IT applications to serve patients and physicians.

chief technology officer

A Chief Technology Officer (CTO) is a senior executive whose responsibility is to oversee the organization’s use of technology and related tools. A company’s CTO can monitor their software and hardware to make sure they are useful.

In addition, they decide on the introduction of new processes and the purchase of new technological elements. The CTO also establishes guidelines for the appropriate use of relevant resources. These people may also run an IT division, which requires them to recruit and train new employees.

Final Thoughts

All these jobs are lucrative with many benefits. Due to its high demand, people often opt for jobs in the healthcare sector, especially in technology-related jobs. If you are someone who has the skills and the will to join this industry, you can be sure that your decision to stick with this industry is a good one. This is because for a stable livelihood you need a good stable job. Health tech jobs are comfortable, lucrative and beneficial to significant effect.

Featured Image Credit: Pexels; Thanks!

Deanna Ritchie

Editor-in-chief at ReadWrite

Deanna is the editor of ReadWrite. Previously, she worked as an editor for Startup Grind and has over 20 years of experience in content management and development.

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Emerging healthcare technology and innovation strengthen the sector https://hospiceofhowardcounty.com/emerging-healthcare-technology-and-innovation-strengthen-the-sector/ Thu, 20 Oct 2022 08:53:00 +0000 https://hospiceofhowardcounty.com/emerging-healthcare-technology-and-innovation-strengthen-the-sector/ company logo Dublin, Oct. 20, 2022 (GLOBE NEWSWIRE) — The report โ€œGlobal Healthcare Security Systems Market: Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast 2022 -2030โ€ was added to from ResearchAndMarkets.com offer. The global healthcare security market is expected to grow at a CAGR of 10%. Emerging healthcare technologies […]]]>

company logo

Dublin, Oct. 20, 2022 (GLOBE NEWSWIRE) — The report โ€œGlobal Healthcare Security Systems Market: Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast 2022 -2030โ€ was added to from ResearchAndMarkets.com offer.

The global healthcare security market is expected to grow at a CAGR of 10%. Emerging healthcare technologies and innovation are driving the growth of the market and hence are a key priority. Health care safety systems play a critical role in development. The nature of their business poses unique security issues that can expose them to theft and internal misuse.

From sensitive medical records and high-value clinical equipment to pharmaceutical and medical inventories, healthcare security has become a top priority and is improving in conditions against theft, organized crime, fire issues and personal safety, etc.

There is a need to provide secure facilities for patients, staff and healthcare workers, ensuring the security of sensitive information provided by patients. In recent years, there has been an increase in cybercrime and activities that violate access to healthcare systems.

In the case of research and innovation, breaching access can lead to data theft and leakage of vital information. The high cost of systems and less concern about data security have driven cybercrimes into action. The US healthcare industry spends about $3.5 trillion on security systems, according to the Centers for Medicare & Medicaid Services, and that figure is expected to skyrocket over the next decade.

Significant increase in internal fraud

According to the Carnegie Mellon University Software Engineering Institute (CMUSEI), more than half of insider fraud incidents in the healthcare industry involve the theft of customer data. The National Insider Threat Center (NITC) Incident Corpus identified approximately 88 malicious insider incidents that were mapped to more than 91 healthcare centers directly affected by attacks from 1996 to present.

These incidents do not include unintentional insider threats that may have accidentally left a laptop at a bus stop or sent an email containing PHI to a party it was not intended for. The healthcare network has accounted for significant insider fraud. Nearly 80% of frauds or threats are caused by internal employees, the other 20% are caused by other factors.

To avoid the increase in insider fraud, many software makers have built a technology-driven system. Ransomware attacks against healthcare organizations quadrupled between 2017 and 2020 and are expected to reach 5 times by the end of 2021, according to a report by Cyber โ€‹โ€‹Security Ventures. Health systems need to prevent cyberattacks or access to information breaches.

Training remains a key challenge, but NA must dominate

The U.S. Department of Health and Human Services (HHS) Secretary Unsecured Protected Health Information Breach lists 592 unsecured protected health information breaches affecting 500 or more people in the past 24 months that currently make the under investigation by the Civil Rights Office. 306 of the breaches were reported in 2020.

According to a recent survey, 24% of healthcare workers in the United States have never received cybersecurity awareness training, but felt they should have, according to a report analyzed by Health IT Security l ‘last summer. Effective training enables users to detect and respond to phishing scams, which are the source of more than 90% of all cyberattacks. Europe, Asia-Pacific and other developing regions have also seen an increase in the rate of cybercrime. Care must be taken to overcome cyberattacks as they lead to loss of business and also create trust issues for patients.

Market segmentation
Product

Technology

Main topics covered:

1. Preface

2. Executive Summary

3. Healthcare Security Systems Market: Business Outlook and Market Dynamics

4. Healthcare Security Systems Market: By Product, 2020-2030, USD (Million)

5. Healthcare Security Systems Market: By Technology, 2020-2030, USD (Million)

6. North America Healthcare Security System Market, 2020-2030, USD (Million)

7. UK & EU Healthcare Security Systems Market, 2020-2030, USD (Million)

8. Asia-Pacific Healthcare Security System Market, 2020-2030, USD (Million)

9. Latin America Healthcare Security System Market, 2020-2030, USD (Million)

10. Middle East & Africa Healthcare Security System Market, 2020-2030, USD (Million)

11. Company Profiles

Companies cited

For more information on this report visit https://www.researchandmarkets.com/r/lb8j89

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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Showcase of innovative health technologies | Mirage News https://hospiceofhowardcounty.com/showcase-of-innovative-health-technologies-mirage-news/ Wed, 19 Oct 2022 19:26:00 +0000 https://hospiceofhowardcounty.com/showcase-of-innovative-health-technologies-mirage-news/ Innovative healthcare technology that is making a positive difference for patients in the south of England is being showcased at the University of Portsmouth later this month. SIGHT (Supporting Innovation and Growth in Healthcare Technologies) is a business support programme, run by the University of Portsmouth in conjunction with the Wessex Clinical Research Network and […]]]>

Innovative healthcare technology that is making a positive difference for patients in the south of England is being showcased at the University of Portsmouth later this month.

SIGHT (Supporting Innovation and Growth in Healthcare Technologies) is a business support programme, run by the University of Portsmouth in conjunction with the Wessex Clinical Research Network and Portsmouth Hospitals University NHS Trust.

The ยฃ1.7 million scheme, part-funded by the European Regional Development Fund (ERDF), supports and guides small and medium-sized enterprises (SMEs) in the health technology sector. It also gives SMEs access to clinicians and patient groups, enabling their products to meet the specific needs of these end users.

Over its three-year programme, SIGHT has worked with over 400 companies across England, helping them to develop and market their medical and health products. Examples include:

โ€ข NTL Biologica offers COVID-19 antibody testing

โ€ข ioLight develops compact and high quality portable microscopes to allow scientists to analyze samples on the spot

โ€ข Disable The Label app to help parents of children with disabilities find help

The health technology industry is of vital importance to the local and national economy and we have the ambition to extend SIGHT’s support to our community to have a greater impact on well-being. and the lives of patients.

Dr. Phil Jewell, CEO of SIGHT, said: โ€œSIGHT is engaged with a host of highly innovative SMEs developing next-generation technologies to improve healthcare. This event gives us the opportunity to showcase some of these innovations, as well as outline the next steps for SIGHT as a program.

“The health technology industry is vitally important to the local and national economy and we have the ambition to extend SIGHT’s support to our community to have a greater impact on well-being. being and life of the patients.”

To celebrate the success of SIGHT, a showcase event will take place at the University of Portsmouth on October 27.

It will include presentations and discussions from academics and clinicians on the vision, goals and achievements of SIGHT, the impact the program has had on its SME members, the collaboration with the University of Hospitals NHS Trust from Portsmouth, an update on the SIGHT program and exciting future plans building on the legacy of the project.

The free event takes place from 1-5pm in the Portland Building at the University of Portsmouth.

/Public release. This material from the original organization/authors may be ad hoc in nature, edited for clarity, style and length. The views and opinions expressed are those of the author or authors. See in full here.

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Investors looking to back healthcare tech companies should look for these two essential qualities https://hospiceofhowardcounty.com/investors-looking-to-back-healthcare-tech-companies-should-look-for-these-two-essential-qualities/ Wed, 19 Oct 2022 18:00:00 +0000 https://hospiceofhowardcounty.com/investors-looking-to-back-healthcare-tech-companies-should-look-for-these-two-essential-qualities/ By Todd Watts, CEO and Co-Founder, PatientFi The American healthcare system is going through a crisis akin to climate change. Both are slowly but surely changing, both are products of social dynamics that are very difficult to change, and both should be (and increasingly are) targets of risk investing. As of last year, the United […]]]>

By Todd Watts, CEO and Co-Founder, PatientFi

The American healthcare system is going through a crisis akin to climate change. Both are slowly but surely changing, both are products of social dynamics that are very difficult to change, and both should be (and increasingly are) targets of risk investing.

As of last year, the United States spends over $12,000 per capita per day on health care (a mix of government/compulsory spending and voluntary spending). That’s almost double the nearest country, Germany, which spends just north of $7,000 per capita per day. In 2020, healthcare spending was 19.7% of our national GDP (only up slightly due to COVID-19).

Health care costs in the United States are rising faster than anywhere in the world. And it goes without saying, but they are growing faster than people’s ability to pay for them.

The result: an incredibly permeable system where people either don’t get care because they can’t afford it, or get care but don’t pay. Either way, people get less care than they need and deserve, and providers get less income than they need and want. deserve.

It’s a dark picture.

The system is riddled with dysfunctions that serve no one who participates in it. But if there’s a silver lining, it’s that dysfunctional systems are ripe for investment. And the increased adoption of new health technologies to improve the system represents the most attractive investment opportunities.

Core Healthcare Industry Issues and Investment Opportunities

Technological innovations in the field of health must respond to two problems: cost of care and ineffectiveness of care. The system is currently far too expensive and totally inefficient. Thus, the most powerful investment opportunities will focus on technology improvements that make care more affordable or improve the patient experience.

Consider opportunities from two perspectives: the patient and the healthcare provider.

Patient

The influence of Amazon’s customer obsession has transcended the retail industry. While customer experience has become a fundamental principle in the private sector, patient experience is at the forefront in the healthcare sector.

Ultimately, the patient experience problem comes down to the fact that, by and large, we’re still treating patients the way we did in the 1990s. We’re keeping them waiting in waiting rooms (littered magazines that may not have changed since the 1990s), see doctors in person for almost any ailment and sign physical receipts when they leave.

In short: the patient experience must move into the 21st century and investors must capitalize on the various opportunities.

There should be more reliance on telemedicine to reduce the time spent in the waiting room (and free up more time for providers). We should make electronic health records (EHRs) available to patients (and able to be shared) with the click of a digital app. Partly because of COVID, many ambulatory care facilities have finally started to tilt the patient-provider dynamic more in favor of the patient (and with some nice benefits for providers as well).

The patient experience status quo is 30 years old. There are plenty of reasons why healthcare isn’t as quick to innovate as most other industries (and, conversely, why Amazon has struggled to break into the space), but a state of crisis should make these irrelevant reasons.

health care provider

While rising costs may seem to paint a prettier picture for vendors, this is misleading. Reimbursements for common procedures, like cataract surgeries, have actually declined over time, despite the diseases becoming more prevalent. This, coupled with the fact that the cost of living has risen, means providers are earning less income while living more expensive lives.

A huge burden of revenue collection falls on healthcare providers. Knowing how much patients can pay for the procedures, knowing what insurance to go to before the procedures take place, and having systems in place to collect as much revenue as possible are all challenges that cause leaks in the sources of provider income.

Greater efficiency is required on the supplier side to reduce the running costs of their operations. The less providers spend to manage dysfunctional payment dynamics, the more they can invest in care, resulting in healthier, happier patients.

The healthcare system of tomorrow

The healthcare system of the future will be more like any modern retail experience. Providers will deliver the same service efficiency that customers expect from Amazon deliveries and Uber rides. To do this, providers are turning to technology. 83% of providers say they plan to integrate new technologies to meet consumer needs. Costs associated with current inefficiencies will be eliminated and patients will bear less of the burden of care they desperately need.

Investors should focus on companies designed to improve the quality of care and reduce the cost of care. Whether through more sophisticated telemedicine, more comprehensive mobile apps, or more autonomous ambulatory care facilities, America’s healthcare crisis will be solved by companies that make the most of the wave of… innovation catalyzed by COVID-19.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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