Digital Product Innovation in the Healthcare Industry

The digital health landscape is exploding with projections that it will hit $350 billion per year by 2024. If you’re considering a digital health startup, or are just curious about the exciting changes happening in this field, then this podcast is a must-listen.

In this episode, I sit down with Eric Michaels of the eHealth Radio Network and talk about some of the exciting trends and digital health products hitting the market.

Please listen to the podcast below, and for those who like to browse ahead, check out our show notes.

Here are some highlights from the show:

Show Notes:

1:20 — Digital healthcare is huge, slated to become a $350B industry by 2024.
2:20 — Big Data helps to compare patient health with drug prescriptions and reduces medical errors and unnecessary emergency room visits.
3:36 — SaaS is a better solution for healthcare providers; it centralizes security and makes it easier to manage updates and upgrades since everything is in the cloud.
4:25 — Once upon a time, health checks were done annually but today, with wearables, individual health is a daily matter; insurance companies want to leverage this data to adjust premiums and provide cost-saving incentives for healthy lifestyles.
6:46 — Mobile apps are also revolutionizing healthcare with things like patient health on demand, faster access to medical histories by doctors and nurses, etc.
7:37 — There are tons of clinical and non-clinical digital solutions today, everything from practice management software, electronic health and medical health systems, to billing management and provider management solutions.
10:10 — Monitoring software is one of a number of segments for which Sunflower Lab is providing solutions. Imagine a solution that monitors a surgery and gathers the data and provides remote stakeholders with the most up-to-date information on that particular surgery.
11:00 — HIPPA compliance sets digital health apart because it represents the highest standards of security and compliance anywhere.
11:28 — all data at rest and in transit must be encrypted.