If you are looking for all things newsworthy in healthcare & tech you have for sure come to the right place!
Read on below for features on Junto Members, reports on trends that we are seeing in digital health, and insight into the world of Junto Health and our mission.
A group in Toronto, Canada called WinterLight Labs is beginning to break down the barriers of diagnosis and progression tracking of Alzheimer's disease with their new detection program. Based on AI technology, they have developed a way to quantify speech and language patterns so that cognitive and mental diseases can be easily detected and monitored. We spoke with one of their co-founders, Liam Kaufman, about their research and how its commercialization has the potential to revolutionize Alzheimer’s detection and maintenance.
That is the number of individuals who received their health insurance coverage via either Medicaid or Medicare programs in 2015 according to the data compiled by the CDC and Henry J. Kaiser Family Foundation. Let’s just repeat that number again- 105,692,900 Americans.
It was estimated that in 2015, there were 289,902,600 individuals with health insurance coverage. Approximately 39% of those individuals were receiving their coverage under public programs. This amounts to a significant percentage of the American population who are not being privately insured.
Why is it then that many of today’s trending health tech companies are ignoring this 39% of covered Americans when developing their innovations?
Designing digital health products can, at times, be much more complicated than developing regular technology. Not only are you dealing with the human body which can react and respond in numerous variable and unexpected ways, but you are on the front lines fighting against another force - time.
Whether it is growth or deterioration, the passing of time leads to massive changes on both a biological and a physical level. Digital health products are up against everything from microscopic cell growth and division to physically apparent weight increases and decreases. There is perhaps no stage of life where these changes are more fast-paced and important than during pregnancy.
Despite the fact that women make up 78% of the healthcare workforce, only 8 of the top 100 hospitals have female CEOs. Rock Health reported in a study of gender in the healthcare field that out of 125 women who work at a Fortune 500 healthcare company only 5 were in operating roles such as COO or president. This major disparity if why Junto Health and HealthTech Women have united to increase the visibility of female leaders in healthcare. For the inaugural profile of our joint series we choose to highlight one of today's major leaders in the fertility and family planning arena - Gina Bartasi.
Gina Bartasi has been a leader in the health tech field for over 20 years, providing endless insight and experience in platform and program design.
A guest author post by Juan Gonzalez: As a co-founder of InsightMedi, a small healthcare startup from Europe with business operations in the United States, I frequently get asked about the differences between working in one market or the other. Most commonly, I am asked about differences between the perception of a company and the value they create, the aversion to risk, the available talent, the size of fundraising operations, and the culture of innovation. It goes without saying that every experience is unique, but I would like to think that after spending three-plus years running the business in both ecosystems, there are greater similarities than there are differences.
Digital health today has taken notice of the desire for an immediate diagnosis along with the increased desire for accuracy. Now users are able to have a personal, multi-level analysis of their symptoms with actionable next steps and more accurate diagnoses. One of the companies that is leveraging the potential of AI in this manner is Buoy Health. Buoy Health was founded in 2014 by Dr. Andrew Le, Adam Lathram, Nate Ren, and Eddie Reyes. Le recently spent time telling us about his inspiration for heading down this digital health pathway and the future the he sees for online symptom platforms.
For this 4th and final part of the Healthcare Hacks series it is time to tackle one of the most important elements of the selling process – introducing your product/service. You have finally carried your startup all the way through the doors of the necessary decision makers but now it is time for it to stand up on its own two feet and make a lasting impression. There is only once chance to make a first impression and if this is done wrong you and your business will most likely find yourselves on the way out of the room.
With many pressures facing states and budget barriers some digital health companies are look for solutions to help solve this gap in care. One of those companies is Quartet. Founded in 2014, Quartet is a cloud based platform that "connects primary care and mental health providers to improve outcomes for patients with chronic conditions". Their goal of this integration is to help patients from falling through the cracks and not receiving proper treatment.
Making the sale…it is the true test of survival for any new company. This 3rd part of Healthcare Hacks is going to examine what it takes to actually get into the door of a large organization and make your pitch. By this point you should already have developed your solution and created a killer value proposition that makes your product/service appear invaluable.
This week our first guest author post is from Eric Conner, a co-founder of the software platform Healthify. Healthify is a leading software provider to hospitals, health plans, and provider networks in low-income communities. Their platform enables care providers to easily search, track, and communicate with community resources to help eliminate the gap in the referral process. Conner focused his guest article for this week on how overcoming social determinants to health care provide a benefit to everyone in the community.
We are excited to announce an official partnership between Junto Health and HealthTech Women. In today's current state of healthcare reform and policy changes it of vital importance that women have a voice in the healthcare industry. The widely circulated images from a few weeks ago of an all-male room discussing women's health issues in the American Health Care Act is just one demonstration of why women need a seat at the table.
Part 2 of our Healthcare Hacks series examines how to define a value proposition. A value proposition is the promise of value to be delivered once your product/service has been acquired by a user. It is nearly impossible to sell a product if clients are unable to easily imagine how they will be able to derive value from utilizing your good. This is where you must differentiate yourself from competitors and highlight why your specific company is poised to deliver the largest value to consumers.