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Category: Health Tech

Give Kids a Healthy Itch

by KIM BELLARD

Someday I’ll probably write about Neuralink, but these days I don’t feel like giving Elon Musk any extra publicity. I also had the notion to take OpenAI’s newly announced ChatGPT down a rabbit hole about U.S. healthcare, just to see where it would go, but Mr. Musk has his fingerprints on that organization too.  Then I saw something worth celebrating: Scratch has hit 100 million users worldwide. 

What’s that? You’re not familiar with Scratch? Well, me neither, until last week. Now that I know a little about it, I kind of feel how I felt when I first discovered TikTok, found out about Roblox, or learned about Raspberry Pi. In all cases, there were big ecosystems aimed at young people, getting them to view tech-related things (e.g., gaming, coding, even building computers) as something natural, something fun, something easy to do, and those ecosystems were largely invisible to most adults.

I’m still waiting for the ecosystem that makes health like that for young people.   

Scratch modestly describes itself as a “coding platform for children.” 

Continue reading…

THCB Quickbite: Julian Flannery, CEO, Summus

Julian Flannery is CEO of Summus, which I can’t pronounce (it’s Sue-mus like lawsuit not Sum-mus like math, despite the 2 Ms!). It’s a multidimensional referral platform which combines primary and specialty virtual care for employers, a white-label service for hospitals to deliver their specialty care, and now a peer-to-peer escalation model for specialists to talk to AMC-based specialists & get 2nd opinion reviews. Around 1.4m members on the platform and it’s seen massive usage growth in last 12 months–Matthew Holt

HLTH 2022: Wheel Adds More Telehealth Tech Infrastructure with Acquisition of GoodRx’s Care Software

by JESSICA DAMASSA, WTF HEALTH

Health tech infrastructure startups remain HOT and, given the industry-wide rise of the “omnichannel care” strategy, none might be hotter than telehealth infra biz, Wheel. CEO Michelle Davey talks about providing white label virtual care services that will now not only include telehealth and EMR technology, clinical care, and end-to-end lab technology, but also the back-office tech that has powered GoodRx all these years. We dive into the acquisition of GoodRx’s care engagement software, how it will enable Wheel to expand its behind-the-scenes reach into the healthcare market, and whether or not Michelle sees all this clamoring about omnichannel care as ultimately eroding Wheel’s biz…or as the force that will propel its growth long into the future.

OK, trying more AI to write this

by MATTHEW HOLT

In the far oft halcyon days of last month, I used an AI system from Lex.Page  to write something about digital health. In the past few days the world has gone nuts about a new AI author called ChatGPT. So I tought I would compare and contrast.

Last month Lex.page was asked about Digital Health and it said

Digital Health is one of the most rapidly growing and important sectors in health care today. It is a broad term that encompasses the use of technology to improve health and health care.

Today I asked ChatGPT the same thing. In fact I just wrote “Digital Health” as the Q and this was the A

Digital health, also known as telehealth, is the use of digital technologies to deliver healthcare services remotely. This includes the use of video conferencing, mobile health apps, remote patient monitoring, and other digital tools to provide healthcare services to patients. Digital health can be used to improve access to primary care, reduce costs, and improve patient outcomes.

OK, pretty much a longer version of the same thing but with more details. So then I went BACK to Lex.page to ask it. But I had to ask it “What is Digital Health”

Digital health is a term used to describe the use of technology to improve healthcare. It covers everything from diagnostic tools and monitoring devices to electronic medical records and healthcare analytics. It’s an exciting and rapidly evolving area that has the potential to revolutionize the delivery of healthcare.

So in a month Lex.page has gotten a lot better!

Last month Lex.page said in response to my question/statement, “The biggest challenges for primary care are”

-Access to care

-Cost of care

-Quality of care

So it seems that digital health can help with all of those things. By providing tools that help patients better self-manage their health, digital health can help to improve access to care. By providing tools that help to lower the cost of care, digital health can help to make care more affordable. And by providing tools that help to improve the quality of care, digital health can help to make

I put the same sentence into GPTChat and at the bottom it told me Warning: Your text ends in a trailing space, which causes worse performance due to how the API splits text into tokens. But I asked it anyway and it gave me

A: 1. Accessibility: Ensuring that everyone has access to quality primary care services.

I surmised that it had more answers so I kept hitting submit! It got to another 12 answers with no new question!

Q: A: 2. Cost: Finding ways to make primary care services more affordable and accessible to all. Q: A: 3. Workforce: Recruiting and retaining a sufficient number of primary care providers to meet the needs of the population. Q: A: 4. Technology: Incorporating new technologies into primary care to improve efficiency and patient outcomes. Q: A: 5. Coordination: Improving the coordination of care between primary care providers and other healthcare professionals. Q: A: 6. Quality: Ensuring that primary care services are of the highest quality and meet the needs of patients. Q: A: 7. Education: Educating patients about the importance of preventive care and the value of primary care services. Q: A: 8. Mental Health: Integrating mental health services into primary care to better address the needs of patients. Q: A: 9. Population Health: Developing strategies to improve the health of the population as a whole. A: 10. Data: Utilizing data to inform decision-making and improve patient outcomes. A: 11. Payment: Developing new payment models that incentivize quality care and reduce costs. Q: A: 12. Social Determinants of Health: Addressing the social and environmental factors that influence health outcomes.

OK so those are all separate statements, but it’s pretty damn impressive. How is Lex.page doing? Well I asked it’s chatbot the same statement and it now answered:

The biggest challenges for primary care are likely to be related to access and cost. In many areas of the world, access to quality primary care is limited by geography, poverty, or both. Cost is also an issue, especially in countries with expensive healthcare systems. Additionally, many primary care providers struggle to effectively manage chronic conditions, such as diabetes and hypertension, due to a lack of resources, funding, and staff. Finally, the rapid advancements in technology have presented a challenge in terms of staying up to date with the latest medical developments.

That’s not only pretty smart but it’s quite an advance on the answer it gave me to the same vague question/statement just 31 days ago.

We are seeing a technology emerge right before our eyes.

Presumably the next step is to set it to read some of my favorite pieces on THCB and just have it write for me! Then I will be happily replaced by a robot!

New VC Fund Angelini Ventures Launches to Find Next Big Digital Health & Biotech Disruptors

BY JESS DaMASSA, WTF HEALTH

NEW VC Fund! Angelini Ventures just launched their $300 million dollar investment fund to support early-stage biotech and digital health startups in the US, Europe, and Israel. CEO & Managing Director Paolo Di Giorgio and Managing Director Elia Stupka explain the fund’s thesis which is different than the usual corporate investment funds because of its “very long-term” strategy and interest in supporting disruptive health innovation that doesn’t necessarily need to relate to the core businesses of its multi-national parent, Angelini Industries. Find out more – including details about where this fund has already placed some investment dollars – from this quick chat in Milan.

THCB Gang Episode 108, Thursday December 1

Joining Matthew Holt (@boltyboy) on #THCBGang on Thursday November 17 were futurist Jeff Goldsmith; THCB regular writer and ponderer of odd juxtapositions Kim Bellard (@kimbbellard); patient safety expert and all around wit Michael Millenson (@mlmillenson); fierce patient activist Casey Quinlan (@MightyCasey); and Olympic rower for 2 countries and all around dynamo Jennifer Goldsack, (@GoldsackJen). This was quite the conversation!

You can see the video below & if you’d rather listen than watch, the audio is preserved as a weekly podcast available on our iTunes & Spotify channels.

THCB Quickbite: AJ Loiacono, CEO, CapitalRx

AJ Loiacono, CEO of CapitalRx, in a quickbite interview with The Health Care Blog’s Matthew Holt. CapitalRx is up to 1.5m members serviced both as a PBM and as a tech company administering pharmacy benefits using its tech platform. AJ says they’ve demonstrated to the market that they can service customers of any size, and the employer groups are starting to ask the right questions about pharmacy costs.

Is Care Navigation Healthcare’s Next ‘Gold Mine’? Quantum Health’s Move to Win Over Larger Employers

BY JESSICA DaMASSA, WTF HEALTH

One-to-watch as a potential health tech IPO this year is care navigator Quantum Health, and I’m talking to CEO Zane Burke about both their breaking new product launch AND the key differences between Quantum and the increasingly competitive field of other employer benefits advocacy-based businesses like Accolade, Rightway, and Transcarent.

Private equity backed, two-decades old, and EBITA positive, Zane says Quantum Health is delivering an ROI of “over two-and-a-half to one” to its client roster of 450 top large, self-insured employers and saving more than 14% on all healthcare costs over time. The new product – Quantum Health Access – is a streamlined, more flexible version of the soup-to-nuts Complete Care offering capable of yielding these results, and it’s being offered to give the largest of employers (those big enough to be working with multiple health plans, for example) a way to start out with Quantum’s data-driven navigation tools without a total overhaul of their current benefits situation.

Zane explains Quantum’s “real-time intercept tool” and how it not only helps engage high-utilizers in an employer’s plan (aka those who spend more than $10,000 in claims), but how 85% of the time it catches them on their care journey before they’ve spent a thousand dollars – creating an early opportunity to provide better routing and, ultimately, reduce overall costs. The upside for Quantum? “Employers have long thought of the carriers as this is their responsibility, but the carriers are really maximizing around their siloed system to pay a claim, do the disease management, get you off the phone and into somebody else’s queue,” explains Zane. “Our model is, ‘hey…every single one of those interactions is a gold mine.’”

We get further into the details around the new Quantum Health Access product, and, more importantly, what Zane sees as Quantum’s key point of differentiation against Accolade, Rightway, Transcarent, and the rest. Tune in around the 20-minute mark to hear this bit and to find out what Quantum’s doing with provider data that makes “everybody else that talks that game” look like they are just playing “Pick Up Sticks.”

THCB Gang Episode 106, Thursday November 10

After an early Fall hiatus, THCB Gang is back!! Joining Matthew Holt (@boltyboy) for #THCBGang on Thursday November 10 were medical historian Mike Magee (@drmikemagee); futurist Jeff Goldsmith; THCB regular writer and ponderer of odd juxtapositions Kim Bellard (@kimbbellard); and policy consultant/author Rosemarie Day (@Rosemarie_Day1). You can imagine that elections were on our collective minds.

You can see the video below & if you’d rather listen than watch, the audio is preserved as a weekly podcast available on our iTunes & Spotify channels.

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