Hi,?Kevin McDonnell?here. Thank you for reading my latest newsletter. Every week I share my round-up of the most interesting stories from the world of Digital Health so you can find the ideas, people, innovations and technologies that are shaping the future of healthcare. I hope you enjoy them! Happy reading!
- Health tech company will be biggest in the world - American healthcare is worth $4 trillion, which is five times the global advertising industry that makes up much of the revenue for four of the world's current most valuable companies (Google, Apple, Facebook and Amazon), Daisy Wolf and Vijay Pande wrote in a Nov. 11 Andreessen Horowitz?blog post. All four Big Tech firms are trying to break into healthcare.
- Is the future of our health in safe hands with tech? - But in the rush to embed technology into healthcare, are we thinking about all the consequences that may come with it? Is our health data really safe? Can medical devices be hacked? And how accessible will health-tech be in the future?
- New AWS global accelerator to address healthcare workforce needs - Clinician burnout in a post-pandemic world is a?worldwide problem,?with scores of clinicians intending to?leave the healthcare profession. Not surprisingly, the resulting?workforce shortage is already leaving many patients?waiting for treatment.
- End-to-End Digital Transformation in the Public Healthcare Sector - Tech is already playing a pivotal role in helping NHS Trusts to address its everyday challenges. NHS Trusts across the country face a daily burden of?inefficient data handling.?This slows down the rate and quality of data output, impacting a patient’s access to services like hospital appointments.
- Steve Barclay announces launch of new adult social care fund - Health and Social Care Secretary Steve Barclay has delivered a speech at the NHS Providers Conference in Liverpool, covering?a number of pertinent topics for the NHS at the present time, including social care, capacity, workforce and access.
- Mental Health Apps Are Not Keeping Your Data Safe - Mental health technologies such as bots and chat lines serve people who are experiencing a crisis. They are some of the most vulnerable users of any technology, and they should expect their data to be kept safe, protected and confidential. Unfortunately, recent dramatic examples show that extremely sensitive data has been misused.
- Women's health platform Maven Clinic secures $90M in funding - The digital reproductive health and family platform focuses on a woman's health journey from fertility to menopause announced it raised $90 million?in a Series E funding round, bringing the virtual clinic's funding total to $300 million.?
- General Catalyst adds 10 new health system partners, including UHS - General Catalyst says its goal with the partnerships is to work directly with health systems and startups to find solutions to the biggest pain points in care delivery, administration and more. The new collaborations come as hospitals continue to weather significant headwinds, like high staffing costs and volatile admissions.
- HCA CEO to Big Tech: You Can’t Disrupt Healthcare Like You’ve Disrupted Other Industries - Big Tech companies like Amazon, Google and IBM can’t disrupt healthcare with the same approach they have used to enter other industries, HCA Healthcare CEO Sam Hazen said at HLTH 2022. He argued that technology companies won't be able to infiltrate healthcare from afar. Instead, they must embed themselves into everyday healthcare interactions at hospitals in order for their products and services to be truly impactful.
- Patient engagement technology can improve health equity - Health disparities across gender, geography, socioeconomic status, race and ethnicity lines have an outsized impact on health outcomes. As providers and payers look to bridge gaps in care caused by such disparities, patient engagement can be an effective tactic.
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Datalla is a global HealthTech advisory firm, dedicated to helping healthcare leaders shape the future of healthcare.?We work across the entire healthcare industry, combining our experience as consultants, entrepreneurs and practitioners to deliver meaningful change. If you're interested in working with us, we offer advisory, coaching and consulting if you want some extra help unlocking your potential and growing your HealthTech business faster. Don't forget to follow?our page as we post market insights every day.
