Digital Product Innovation in the Healthcare Industry

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.