Table of Contents
01 The Health Tech Monthly Roundup
02 XR can help HCPs improve Patient Engagement
03 Mantra Labs is GDPR-certified!
04 How hospitals can deliver Predictive Health Solutions over mobile apps?
05 The Healthcare of Tomorrow
“Building an intelligent and frictionless experience for the Gen Z customers may require quite a bit of technology heavy lifting. Correct choices will set up the organization for long-term success.”
CEO & Founder
The Health Tech Monthly Roundup
A quick roundup of the month’s latest health tech activity, both in India and globally.
- HealthKart received a $135 million investment recently. The additional funds will be used to expand its offline presence and extend operations in overseas locations.
- Pune-based In-Med Prognostics has garnered $2.13 million. The neurological healthcare company will use this capital to develop its global footprint and grow its product portfolio.
- Wellbeing Nutrition secured $10 million in its Series-B round of funding. Over the next year, the firm hopes to increase its customer base to 100 million, add new product categories, develop its expert channel network, and invest more in R&D.
- Belgian-based Minze Health acquired €3.9m to enhance its digital health solutions for the treatment of urinary tract problems. The company plans to invest these funds in international B2B/B2C go-to-market strategies and perform more clinical trials in the US and Europe.
Open Finance: Reality or Hype?
XR can aid HCPs in increasing patient engagement
Modern consumers demand empathy and personalization. They can, and will leave a brand that doesn’t provide quality digital experiences. XR provides an opportunity for brands to extend their customer touchpoints beyond the standard channels, increasing their brand recognition and recall. The Healthcare industry has emerged as an early adopter of XR.
Remote Patient Monitoring has taken off post-Covid thanks to the ease it provides in disseminating healthcare to distant patients. As the wearables market continues to surge, the telehealth industry can leverage XR to provide emergency care, VR-focused physiotherapy, and pain management.
VR focussed organization SnowWorld, developed with over 2 decades of research by Hunter Hoffman and David Patterson, helps patients with acute pain management. It redirects patients from their acute pain to simulated environments where they are focused on meaningless tasks such as throwing snowballs. Burn patients have shown 35- 50% lesser pain when immersed in this experience.
State of Extended Reality in an Experience Economy
Read the report, here.
Mantra Labs is now GDPR-certified!
Mantra Labs is thrilled to announce that it is now a GDPR-certified company.
Our organization successfully meets the requirements of the RIR-GDPR (General Data Protection Regulation) Management Standard for the following Scope:
- Customer Experience Strategy Consulting,
- Mantra AI: AI Strategy and Implementation,
- Application Development, Robotic Process Automation,
- Testing and Business Continuity
“Being an organization that works with enterprises around the world, we want to ensure that we are compliant with global industry norms when it comes to the data security of our clients“ said Kumar Sambhav, Chief Technology Officer – Mantra Labs. “Building the right customer experience in the right way has always been our top priority. This accomplishment reinforces our deep commitment to privacy and continuous effort to build trust with our clients. “ he adds further.
GDPR compliance together with ISO 27001:2013 certification is a critical step in future-proofing our organization from security risks and vulnerabilities and ensuring that Mantra Labs can tap into new geographies and accounts where GDPR is a mandatory requirement for onboarding new partners.
12 Tips To Secure Your Mobile Application
Read the Blog here.
How hospitals can deliver Predictive Health Solutions over mobile apps?
Preventative medicine is all set to make a comeback as hospitals now have the tools that are required to collect, analyze and deliver solutions that map the trajectories of their patient’s health in a sustainable fashion.
Here are five ways in which hospitals can start delivering predictive health solutions to their customers via mobile telephony:
#1 Replace in-person visits with mobile engagement
The increasing acceptance of patients liaising with their doctors through mobile applications means that doctors can now mediate most in-person visits via mobile applications. This not only translates to greater convenience for both parties but also facilitates a robust data collection platform.
#2 Leverage analytics
Predictive analytics is proving to be a big draw for hospitals as the average patient now has a digital footprint that provides ample information regarding the patient’s well-being if processed in the right fashion.
#3 Implement advanced Tele-ICUs
Predictive algorithms, when deployed in tele-ICU settings can give doctors enough insight into patient vitals and alert doctors to signs of impending patient deterioration so they can act on time and save patients from slipping further.
#4 Integrate wearables
There are several anecdotes from around the world as to how the Apple Watch’s state-of-the-art ECG feature helped save lives by alerting the wearer to slight anomalies in their homeostatic process. This can further be extended to patients with chronic diseases who can be equipped with wearable biosensors that collect data at regular intervals.
#5 Democratize Clinical Surveillance systems
Hospitals can also place comprehensive clinical surveillance systems at home for at-risk patients in their homes.
For young hospital chains that still seek to differentiate themselves from older chains, digitizing their operations and making full use of their data and the commoditization of the smartphone can yield staggering results. Over time, they can even create personalized models for individual patients and deliver healthcare with greater success, the likes of which will be received with great fanfare from both customers and non-customers alike.
Read the full blog here
The Healthcare of Tomorrow
According to Deloitte, by 2040, healthcare, as we know it today, will cease to exist and the focus will shift from ‘healthcare’ to ‘health’. While it’ll be impossible to eradicate disease and illness completely, early detection, proactive intervention, and progress tracking will help to prevent serious consequences and promote well-being.
Smartwatch market share is expected to reach $ 95.78 Billion by 2028 and register a CAGR of 19.1%, according to Emergen Research. A 71-year-old woman in the US collapsed while she was alone, but the Apple Watch’s fall detection feature was able to warn her son and first responders. When she was taken to the health center, she was detected with a mass in her lungs that was cancerous. The future of healthcare will be strongly empowered by the digital revolution where the focus will be more on wellness rather than illness.
Patient loyalty is directly linked with their overall experience. According to Accenture, “Two-thirds of patients are likely to switch to a new health system if their expectations are not met”. Hence, the future of healthcare will be strongly empowered by the digital revolution where the focus will be more on wellness rather than illness.
What does the Digital & Connected Patient Experience of Tomorrow look like?
Read the blog, here.
Business cognizance for the new-age digital insurers