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5 health tech start ups improving patient health outcomes
The global health-tech industry has experienced exponential growth during the pandemic, with more people working from home and receiving medical care remotely. The digital healthcare sector has seen the development of innovative technology to limit in-person exposure at health sites and meet the demand for health and wellbeing.
In this article, we discuss some of the movers and shakers in the health-tech space and what these developments mean for patient outcomes.
First, what is ‘health tech’?
Health tech, or health technology, refers to various technological innovations aimed at improving healthcare. These technologies enhance patient outcomes and overall health and wellness. They help with condition diagnosis, medical treatments, and patient management, making healthcare more efficient and effective.
Common examples of health tech include telemedicine consultations, wearable devices like fitness trackers, smartwatches, and heart monitors, mobile health apps for fitness tracking and medication reminders, and AI and machine learning algorithms that analyse vast amounts of medical data to identify trends and insights.
Key to the development of health tech is faster internet technologies, like fibre to the premises (FTTP). Faster internet is significantly improving patient health outcomes in several ways. High-speed internet makes telemedicine better by allowing smooth video talks. This way, patients can get timely medical advice without having to travel. It also makes sure that medical records and diagnostic pictures can be sent quickly between doctors, which speeds up diagnosis and treatment.
Here are some of the exciting health tech start ups making waves.
1) Medinet Australia
Medinet Australia, a health-tech startup that connects medical professionals and patients, won first place at Pause Fest in 2020. The startup offers convenient and accessible medical advice, prescriptions, and referrals via the Medinet app, accessible on smartphones over video, audio, and chat. The startup raised three million dollars in funding from angel investors.
2) Zocdoc
Zocdoc is an online service that allows people to book in-person and telemedicine appointments for medical and dental care.
The platform is user-friendly, allowing patients to perform various functions. They can search for providers, doctors, and specialists based on location, specialty, and insurance coverage. Patients can read reviews about potential practitioners to make informed decisions about their healthcare providers. Additionally, they can book appointments anytime without needing to make phone calls or send emails, saving time and effort.
The platform also allows healthcare practitioners to use virtual consultations or telehealth medicine, which is beneficial for health issues remotely and for people living in remote areas. The platform also provides secure patient health record management
3) Coviu
Coviu, a video telehealth platform, facilitates telehealth sessions between allied health professionals and patients using secure video consultations. The startup received six million dollars in funding in 2020 due to significant growth during the pandemic. Dr. Silvia Pfeiffer, the CEO and co-founder, was named Founder of the Year at the 2020 Women in Digital National Awards.
4) Livongo
This health tech startup is a pioneer in the health tech space and they provide innovative solutions for chronic pain conditions, in particular their technological solutions around managing diabetes and hypertension. Now, Livongo uses connected devices and real-time data to help manage patient cases and improve patient outcomes.
When we’re talking about connected devices, we’re talking about smart devices that monitor things like blood glucose and blood pressure
The devices monitor data in real time, which helps patients better manage their conditions and also provides immediate feedback based on the metrics
The startup also offers 24/7 support, giving members access to health professionals around the clock. This ensures that help is available whenever needed, reducing the risk of complications.
5) Omada Health
Omada Health is leading in the health tech area and provides virtual care programs aimed at preventing and managing chronic diseases. Interestingly, the company combines a whole range of metrics, including behavioural, data science, as well as clinic design, and incorporate these into their comprehensive health programs.
When it comes to chronic disease management, Omada Health focuses on looking at conditions such as diabetes, hypertension, and obesity. They have personalised healthcare programs that are tailored to individuals. They also have a suite of digital tools used by participants to access these resources, and include a mobile app, an online platform where they can track progress, and access educational tools. Their health programs also offer health coaching through a digital channel, which includes messaging and video calls.
What do these developments mean for patient health outcomes?
What these tech developments mean is improved patient outcomes and better health across broad and dispersed populations.
It also means better coordination of care. High-speed internet facilitates smooth communication among multidisciplinary care teams, enhancing coordination and leading to more comprehensive patient care.
For example, even chiropractors, who are traditionally a ‘hands-on’ form of manual therapy, started to offer telehealth initial consultations and stretch and exercise advice to their patients during times when in person visits were not possible. Local chiropractic clinics pivoted to education and remote services where practicable, and many forward thinking clinics adopted strict hygiene protocols to avoid potential infection.
Key points
Health tech innovations include telemedicine consultations, wearable devices, mobile health apps, and AI algorithms. Faster internet technologies, like fibre to the premises (FTTP), have significantly improved patient health outcomes. There are many leading health tech startups making waves in this space and improving patient outcomes.
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