The digital health space refers to the integration of technology and health care services to improve the overall quality of health care delivery. It encompasses a wide range of innovative and emerging technologies such as wearables, telehealth, artificial intelligence, mobile health, and electronic health records (EHRs). The digital health space offers numerous benefits such as improved patient outcomes, increased access to health care, reduced costs, and improved communication and collaboration between patients and health care providers. For example, patients can now monitor their vital signs such as blood pressure and glucose levels from home using wearable devices and share the data with their doctors in real-time. Telehealth technology allows patients to consult with their health care providers remotely without having to travel to the hospital, making health care more accessible, particularly in remote or rural areas. Artificial intelligence can be used to analyze vast amounts of patient data to identify patterns, predict outcomes, and provide personalized treatment recommendations. Overall, the digital health space is rapidly evolving, and the integration of technology in health

Tuesday, January 5, 2016

3 Digital Health Market Revelations to Watch in 2016

The following article appeared in HIT Consultant. 
It is true that spending for HIT Applications has exploded. It has not yet been demonstrated what the return on investment has been. Often an application is developed, marketed and raved about but fails to either capture sufficient interest, or does not have proven value.  The end game is whether users (health providers, patients or others) deem them to be of value in their lives or work.


No bubble bursting here, as digital health continues to smash market records. Rock Health’s Halle Tecco explains why the digital health market will continue to flourish in 2016.
Rock Health's Halle Tecco Talks Why Gender Diversity Matters in Healthcare
Halle Tecco, Managing Director at Rock Health
In 2014, billions were poured into the digital health market, and thepredictions for digital health’s growth in 2015 did not disappoint. In fact, when it comes to the charisma and cash flow of digital health,its cup runneth over. But can digital health maintain that kind of prospective prestige and promise as it continues to claim its stake in the market?
According to Rock Health’s Founder and Managing Director Halle Tecco, 2016 is poised to be another fruitful year in digital health. After examining last year’s strong performance, there are several indications that should make digital health’s future a bit more clear. Here are three revelations proving that the digital health market will continue to demonstrate promise and dominance in the market this year:
1. The Market is Still Thriving
In 2014, more than $4 billion was poured into the digital health space. It inspired many, yet it equally mounted concerns that such a quickening of cash flow could spell a dissipating disaster, resembling the market crumble brought on by the dotcom boom. Tecco says digital health’s market performance in 2015 should leave little room for further doubt, however. Digital health funding in 2015 matched that of 2014, surpassing the $4.3 billion in funding, proving that digital health continues to rise but is far from bursting into oblivion.
“Skeptics may use this flatness to question the attractiveness of the digital health industry, but it’s important to keep in perspective what an incredible feat it was for 2015 to be on track with 2014. In 2014, records were not just broken—they were doubled,” said Tecco. “The steady amount of funding, which we believe accurately reflects the market opportunity, should calm any concerns of a bubble.
The top six categories of 2015, which accounted for 51 percent of all digital health funding in 2015 included:
– Healthcare consumer engagement: Consumer tools for the purchasing of healthcare services or health insurance (B2B and B2C)
– Wearables and biosensing: Wearable or accessory devices that detect specific biometrics and are designated for consumers
– Personal Health Tools and Tracking: Software products to assist in the tracking of personal health (e.g., physical activity, nutrition, genetics) and health records
– Payer Administration: Management and administration tools for payers (e.g. fraud detection, third-party payment, portal management)
– Telemedicine: Delivery of healthcare services (synchronous or asynchronous) through non-physical means (e.g. telephone, digital imaging, videoconferencing)
– Care Coordination: Care coordination companies offer not only solutions for more streamlined workflows, but also improvements to patient experience.
Consumer engagement and personal health tools categories alone accounted for 23 percent of overall funding in 2015. The personal health tools category alone more than tripled in investment dollars from 2014, with companies like Noom, Progyny, 23andMe, and HeadSpace raising large rounds. “As we look to 2016, we are optimistic and excited about the growing role and power of the healthcare consumer, and the consequent B2C opportunities,” said Tecco.
2. Consumers Continue to Create Market Opportunity
Although consumer products like wearables have yet to reveal their significance in the shifting healthcare paradigm, their market presence and appeal cannot be denied. “The market has spoken. Wearables are not a fad, and real businesses are being created,” said Tecco. “One of 2015’s biggest exits was Misfit Wearables, which was acquired by Fossil for $260 million. We also saw the FitBit IPO in June 2015, which is currently (as of 12/15/15) trading 50 percent above IPO price and has grown to $6 billion in market cap.”
Furthermore, Rock Health’s consumer engagement survey found that an individual’s attitude towards healthcare (responsibility, self-management, and willingness to pay out-of-pocket) was a major indicator of adoption. “We found the unhealthy are adopting faster than the healthy,” said Tecco.” Consumers have been educated about wearables, and are demanding great new products. As battery life improves and technology advances, wearables will deliver an even greater value proposition to the customer.”
The increasing interest in personal health revealed positive growth in telemedicine over the last two years. Rock Health’s findings in its first-ever 4,000-person survey and report on consumer adoption of digital health revealed that telemedicine users are highly satisfied overall, and adoption of apps, like Doctor on Demand, is growing fast. In fact, nearly half of video-based telemedicine usage reported in the survey occurred in the previous three months, suggesting a rapid growth phase as consumers become more comfortable with video-based technologies.
3. Returns are Real
Digital health is no longer a novelty, and companies are starting to mature (late stage deals accounting for just over 25% of all deal volume). “What’s really exciting is the money that’s beginning to return to digital health investors. M&A activity nearly doubled in volume with 180 deals and $6 billion in disclosed activity in 2015,” said Tecco. “There were also five IPOs this year in digital health — FitBit, MindBody, Evolent Health, Teladoc, and Invitae — creating $9 billion in market capitalization.”
Thus, it seems like digital health will continue to flourish in the coming years. What does this mean for those who want to innovate? Now is the time, says Tecco. Don’t wait."

During the short term spending for health IT will continue to rise. The federal laws have stimulated this segment of the economy with the affordable care act, electronic health record financial  incentives using meaningful use requirements,  As time continues there will be some flattening of growth and perhaps in the long there will be a drop in demand as hype is replaced by reality or analysis reveals the ROI is questionable.  At the moment users and potential users are purchasing with the mentality of  "don't be left behind".



Time will tell if this is a dot healthit bubble.


3 Digital Health Market Revelations to Watch in 2016

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