KEY TAKEAWAY: Theranos, led by CEO and founder Elizabeth Holmes, raised more than $700 million on the promise of a revolutionary blood-testing technology that never materialized. The Securities and Exchange Commission just charged Holmes with “massive fraud.” Yet shouldn’t the investors have done their “due diligence” before investing money into a promise that was too good to be true? Continue reading
KEY TAKEAWAY: There are many candidates: at least 150 firms globally are developing some form of “digital therapeutic”. Unlike other sorts of digital health apps, digiceuticals have been tested for efficacy, approved by regulatory agencies such as the FDA and are prescribed by a doctor. Continue reading
KEY TAKEAWAY: 85% of the content on pharma product websites, has never been read by visitors so why doesn’t pharma optimize content to keep people on their website longer? Continue reading
According to eMarketer “despite a year full of exciting new smartwatches, tech-enabled clothing or jewelry, and fitness activity trackers galore, the growth of the wearables market is still on the decline and the coming year looks even more dismal for wearables”. eMarketer predicts usage will grow only 11.9% in 2018 — and that growth rate will end up slowing down to single digits in 2019 and beyond. This is wrong and a bad forecast. Continue reading
KEY TAKEAWAY: Patient’s are not happy with physician portals and EHR’s. Among the biggest complaints are really bad user experiences and the fact that it makes them feel like they don’t own their own medical records. Continue reading
KEY TAKEAWAY: There are over 318,000 health apps and 340 consumer wearable devices are now available worldwide . Since 2015, over 153,000 new Digital Health apps were introduced to the Apple Store and Google Play, nearly doubling the number available, with more than 200 health apps being added each day and those focused on health condition management — often associated with patient care — are growing and now account for 40% of all apps. But in order for digital health to really “take off” consumers have to use them as designed and physicians have to believe that the data is accurate.
KEY TAKEAWAY: The digital health market continues to grow due to a lot of low interest cash and the promise that one day digital health will become the “norm” for consumers. However, the market will continue to see a lot of companies come and grow as consumers, and HCP’s, chose the winners. Continue reading