Top digital health companies to keep an eye on
Technology advances quickly. It is only a matter of time before all elements of human lives are influenced by some or other digital device. Healthcare is no different. As more research is done, more tools are designed and manufactured for testing, monitoring or treatment of diseases and injuries. Now that we have taken tech even further, we can begin to build a world that truly brings medicine and technology together. COVID has been a major contributor to accelerating the telemedicine industry and has sparked great interest in tech startups. The health tech space has subsequently seen quite the boom in companies taking on different aspects. In turn, also provides more and more job opportunities for students in the biomedical engineering field. Further accelerating the expansion of digital health.
Key Points:
What is digital health all about?
Digital health has been an interest for healthcare professionals, investors and patients for well over a decade. The vast array of advantages for everyone involved in the digital health journey in healthcare is far too promising not to be invested in. WHO describes digital health as having 3 key aspects:
This is achieved through the innovation of digital devices, software, automated systems and advancing equipment. Creating better processes and shortening times for diagnosis and treatment. Monitoring also becomes easier and in many cases, it can be done remotely thanks to medical devices such as home testing kits or apps. Digital health is all about closing the gap and reducing human error in order to provide accessible and efficient healthcare.??
Who are the big players?
Let’s take a look at the top digital health companies currently making waves with their innovation and dedication to seamless healthcare.
Innovaccer
Innovaccer developed the Innovaccer? Health Cloud. A data analysis system that connects caregivers, commissioners, payers, patients, and pharma life sciences into one healthcare ecosystem. This system allows the entire ecosystem to integrate and activate data from any source to create a 360-degree view of the patient and enable whole-person care. The Health Cloud gives car organisations the ability to create scalable systems and applications that connect with providers at all stages. It has four main components to allow for optimal customisation. These are the data activation platform, intelligent application suite, innovative toolkit and innovation accelerators.?
NMBLR
Perhaps the first to hit the market, NMBLR is a cloud-based platform that opens up communication between global pharma companies. They specifically talk about being a patient-forward company by giving businesses the tools they need to connect, communicate and showcase their offering. Increased communication throughout the world and across different time zones can be time-consuming and using a platform such as NMBLR will ensure that pharma companies are able to formulate commercial strategies in a time-efficient manner to bring lifesaving drugs and therapies to patients.?
Doximity
Doximity is a medical professional networking platform. This application allows professionals to connect with each other while also giving users the opportunity to conduct telemedicine consults and follow-ups through video calls without sharing their private numbers. Making telemedicine just one click away. Doximity functions as a fantastic tool for career opportunities and the ability to connect with a wide variety of professionals for more efficient collaboration.
Synchron
Synchron is all about unlocking the natural pathways of the brain. They are the endovascular brain-computer interface. They are leading the way to a futuristic approach to specialised prosthetics while also pioneering a new frontier in neurological disease treatment.?
Square Health
Square Health offers bespoke healthcare solutions in the form of holistic medical care and technological solutions for healthcare insurers. With over 20 years in the industry, they have developed several sophisticated health tech solutions for insurance providers that include booking services, document signing services and IT solutions. While also focusing on telemedicine services and health screening solutions.
Coala Life
For seamless ECG-quality devices, Coala Life is your company. This company provides portable ECG-style monitoring devices linked to a phone app with a built-in stethoscope. The device and app allow providers to monitor patients remotely as well as gather data that they can use in its raw format or create reports to review the activity. This means that there are fewer patients coming in for frequent check-ups and only when they truly need to due to a change.
PatientPop
PatientPop sits in a unique space. They provide services that integrate online marketing of healthcare and medical practice management. Ensuring that private medical professionals are able to market their services and manage their practice in an efficient way without sacrificing the quality of service.
Fourier Intelligence
Fourier Intelligence is a one-of-a-kind company that is bringing an excitingly new approach to the treatment and rehabilitation sector. They focus on a range of robotic rehab equipment that assists patients in regaining or treating their bodies. Through the use of robotics, they are able to adjust treatment plans to the individual while collecting data to make improvements to these rehab solutions.
Stablepharma
Recent events have made it even more evident that we need better delivery and storage methods for a variety of medications, treatments and preventative measures. That is where Stablepharma comes into play. They have launched StableVax which is aimed at eliminating the coal chain by developing fridge-free vaccines. Ultimately reducing vaccine wastage.
Unmind
Mental wellbeing is hugely important. We all need to take time for ourselves, time for family and friends and time to concentrate on personally gratifying projects. Unmind takes this very seriously. They are a mental wellness application for businesses. The app assists employers to provide better ways to approach mental health for employees. They do this by empowering the employees to live more fulfilling lives.
Advanced Human Imaging
Advanced Human Imaging is centred around transforming the future of skin disease detection and flagging cardiovascular health risks through smartphone-based scanning. This kind of tech will allow people to improve fitness, collect data and detect early warning signs in a way that has not been possible before. While also improving remote monitoring.?
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HealX
HealX is carving a new path to drug discovery through artificial intelligence. Their focus is patient-focused drug discovery for patients with rare diseases. Changing the approach to drug development and understanding is key to efficient treatment discoveries for a group of people that generally have not been able to have access to treatment as traditional methods can be slow. By using artificial intelligence and other advanced technologies this company can reduce time and increase success rates.
AMBOSS
AMBOSS is a dedicated platform for medical students as well as clinicians. The platform provides learning tools to assist students in studying for exams and as reference tools once becoming clinicians. This is a great option for medical students and currently practising clinicians as this assists in staying up to date with current methods.
DigiME
Artificial intelligence has opened so many doors in the way of providing care and preventative analysis to the global healthcare ecosystem. DigiME uses A.I. to create 3D body analysis for fast and accurate body models. Allowing for things like posture and calorie intake to be shown in one report. This will allow people to create custom treatments for their fitness.?
Kardi AI
As remote monitoring is starting to become an essential part of providing healthcare services and for people to become advocates of their own health, more companies like Kardi AI are popping up. Kardi AI is a company that is aimed at bringing better monitoring for one's heart. The device transmits data to the patient’s smartphone while also storing the data in a cloud. This can then be shared with relevant medical providers or assist the person in being connected with a cardiologist.?
Bookimed
Bookimed assists people who are tourists seeking medical attention often referred to as medical tourists. The platform allows people to access clinics in different countries based on the condition/disease they have. The company wants to make it easier for patients to find the right medical provider in a safe way.
Annushka Healthcare
Annushka Healthcare is a comparison platform for medication sold at various pharmacies. Finding promotions and discounts while also providing a platform where people can find good health tips and consultation services.?
XVision
Last in this list but certainly not least in the global market. XVision helps radiologists in the diagnostic process through artificial intelligence algorithms. The software analyses thousands of chest x-rays and lung CT scans every month and gained much popularity over the past year. Soon enough they will be able to broaden their influence.
What are the next steps?
From here there will only be more growth. As mentioned, more and more start-ups are hitting the market. Bringing forth great technological advances. It is also no longer just policymakers and tech companies jumping on the bandwagon for digital health. Entire countries are making changes to improve healthcare offerings. Such as Germany’s recent move to digital prescriptions. Otherwise known as eRX . For more efficient prescribing and attaining of medication. While also limiting the amount of paper needed to give out a prescription. The next steps are to simply keep your eye on these companies and watch as they, and newer players, unfold the future of digital healthcare services. The ball has been rolling a while and there is little that will stop it in its tracks. The past 3 years have shown us that we need to be able to remotely monitor and provide treatment for better care. And as some companies have shown, for better preventative measures and early detection methods.?
What to take away
The takeaway here is rather simple. We are moving to a completely digital healthcare ecosystem. In every aspect of healthcare, from students all the way to the rarest diseases, ways are being found to provide more efficient care, more efficient processes and better preparation for the unknown. There are a multitude of other companies not on this list embracing that future. With countries also getting on board, it is only a matter of time before digital health is the norm. I think that it is time for us as the users of these services to jump on board as well. Be the early adopters and excel in the process of change. Yes, there are downsides that will be a huge influence on many people’s lives but I feel that the advantages far outweigh them. It will be a bit of a battle, in the beginning, to change over so we need to stand strong, be understanding and keep our eye on the prize. Healthcare accessibility for all. A future that no longer has to be a dream in the distance or only exist on SCI-FI shows, but rather a future at our door, waiting to be let in.
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Author notes:?
My name is Damien and I am inquisitive, curious and many times stupefied, about all that tech has to offer the world. Most recently around the areas of AI, ML, and UX/CX? in e-Health and Digital Health Journeys. All of my views expressed here are those of my own and do not represent the views of the ZurRose Group. Follow me on a journey through e-Health and tech in the healthcare industry.
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