Posts tagged health tech
Three Lessons that Digital Health Can Learn From Biotech

In 2019, we can expect to hear a lot from two of the investment community’s favorite industries: digital health and biotechnology. Both industries experienced record-breaking years in 2018. Globally, over $11 billion was invested in biotechnology companies in 2018 despite a challenging Q4, shattering the previous record set in 2015. On the digital health side, $3.49 billion was invested in digital health startups in the US, equivalent to the annual National Healthcare Expenditure. 

 However, while these two industries are similar in their sustained growth and promise, they sit at very different stages in their maturity. Since the introduction of recombinant DNA in 1976, the biotech industry has seen enormous growth, and its innovations have become an integral component of our daily lives. In modern society, we are wholly dependent on genetically-engineered innovations and pharmaceuticals that biotech brought forth. Biotech has become ubiquitous, and often governs our lives in ways we can’t easily identify. From the medications we take, to the food we eat, to the detergent we clean with, and the plastics and fabrics we use, biotechnology innovation touches many facets of our daily routines.

Conversely, digital health just recently (<10 years) emerged as a profitable venture following the most recent tech boom that has led to rapid  mobile app development, increased prevalence of data analytics, and the commercialization of personal IoT devices. Unlike biotech, we have yet to see digital health bee universally adopted. While companies such as Apple are pushing for the commercialization of digital health with moves such as integrating ECG capabilities into their newest Apple Watch, many hospitals and clinics are just beginning to implement digital health products into their workflows. Digital health is still an infant industry, but is full of potential. 

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Junto Profile: TextUp

For those of us who do not provide direct care to customers, clients, or patients, it is easy to forget how demanding service-based roles can be. Providing personalized, around-the-clock attention is physically and emotionally exhausting. Initial communication, and necessary follow-ups, are both time-consuming and difficult to track as they accumulate in voicemail and email inboxes. Social workers, physicians, therapists, and teachers know that their job rarely consists of a standard 8-hour workday. Even when these professionals are technically “off-the-clock”, they still maintain open communication channels with those they serve. Managing these communication channels, while still respecting time away from work, is a pervasive challenge in service-based industries.

TextUp, a software platform for care providers, streamlines and manages essential communications for those responsible for personalized care. Founded by a team of social workers, Text Up uses technology to monitor text and call communications for service providers. Social work agencies, schools, medical care providers, and therapist offices have all marveled at the ease of communicating internally and externally through Text Up’s platform.

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Junto Profile: genneve

There are 34 commonly recognized symptoms of menopause. This extensive list of symptoms range from irritability, to panic disorder, to gum problems, to electric shock sensation. Many of these symptoms mirror those of life-threatening diseases and disorders. And yet, while menopause is emotionally and physically taxing, it a completely safe and normal biological process that all women undergo. The management of penomause symptoms introduces a challenge both for women, and their care practitioners. With such a wide range of symptoms, how do clinicians effectively manage and assess menopause? How do care practitioners support menopausal women, and how do these women support themselves? Furthermore, how can women and clinicians understand if their symptoms are cause for medical attention?

Enter genneve, a female-founded health tech startup looking to provide peri- and menopausal women with the resources they need as they live through menopause. Through their telehealth services and extensive library of podcasts, genneve matches women to expert care and advice as they look to understand their menopausal health. We listened to Jill Angelo, former Microsoft Executive and CEO/founder of genneve, describe her journey founding a women’s health startup, as she navigated the male-dominated venture capital and technology spaces.

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