What’s New in Health Care Innovation? Diverse Leadership, Artificial Intelligence and More

February 6, 2017

We’re a month into 2017, and we continue to see opportunities across the landscape to drive health care innovation forward. Big advancements for health care entrepreneurship, data science, consumer-friendly technology, and putting people first are all at the forefront.

We took a look at what others had to say about what’s new in health care innovation. Here’s what we found:

Fast Company published a crowdsourced list “The Biggest, Boldest Health Predictions for 2017—Crowdsourced from You” that bucketed responses into key themes or categories. Highlights include:

  • Greater Diversity: The opportunity to see more women occupying a C-level chair in health startups and the venture capital ecosystem held a top spot among predictors for 2017.
  • The Rise of Telemedicine: This may be the year that millions of people make their first move into telemedicine, dialing a doctor for virtual office visits. The proliferation of smartphones in 2016, coupled with giant leaps by insurance companies to reimburse these services, along with in-home medical diagnostic devices, means that telemedicine could soon reach its tipping point.
  • Spurring Innovation: When the House passed a bill known as the 21st Century Cures Act, it promised to streamline processes for how new drugs are approved, which also promises to spur health entrepreneurship.
  • The Year of the Patient: While patients are shouldering more of their health costs, only 37% have access to their health records. As tools for shopping transparency increase, patients might begin to take the driver’s seat in accessing their medical records and choosing their health services.

Forbes’ “9 Healthcare Predictions For 2017” drew similar conclusions that the “consumer will be king in healthcare decision making.” Stemming from a brainstorm session of the Transformational Health team at Frost & Sullivan, this article focuses on the flourishing technologies that promise to make a connected home and health care ecosystem a reality.

  • Push for drug price-control and transparency: As public and political pressures mount to control surging drug prices, health authorities will implement new measures.
  • Blockchain technology will take center stage for healthcare information management: The hyper-secure platform for how healthcare information is stored, shared and paid for online is highly suitable for keeping medical records secure.
  • Artificial intelligence (AI) plays a bigger supporting role for radiologists: AI-enabled support tools will increasingly transform medical imaging informatics and diagnostic imaging.
  • Consumer industries, like Apple, are entering the health care space: Apple acquired the medical records startup Gliimpse, marking a tangible shift for Apple into the health care space.
  • Digital health toolkits: Digital health coaching platforms and wellness programs are also finding their way into behavioral health. Payers are likely to provide incentives for attaining health goals, and well-being programs will become a critical business imperative.
  • In-home diagnostic devices push telehealth: Consumers will learn to play a greater role in their health and testing as diagnostic device manufacturers bring consumer friendly devices to market. Business models for patient-provider relationships will see a shift.

Read the full articles: The Biggest, Boldest Health Predictions for 2017—Crowdsourced From You, Fast Company 9 Healthcare Predictions For 2017, Forbes

Read about Cambia’s predictions for 2017: Investing in Digital Health Can Build the Next Great Health Care Companies Health Care Investment Trends in 2017

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