BioMetry acquires Telcare for $7M

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For me this acquisition highlights how incredible challenging it can be to make a success with even the most brilliant mHealth device innovation.

To put things in context consider how Nest put WiFi in beautifully designed smoke alarms and thermostats that sold through the Apple retail stores and even though the tech turned out to be rather sketchy the company grew to a 110 strong team before being acquired by Google for $3.2B, and compare that with how Telcare managed the far more technically challenging task of embedding Mobile network connectivity into FDA Cleared and CE marked Glucometers before convincing insurers and healthcare organisations to buy these and train their staff and supply strips through pharmacies yet only managed to sell for $7M (even though the company had raised more than $60M from leading VC funds such as Sequoia Capital and Qualcomm Life).

In 2013 I was given a contract to get Telcare sales started in Europe and while I got the go ahead for a trial in a leading hospital the experience was a huge learning curve for me. One particularly memorable insight was when a NHS Consultant Endocrinologist who really wanted to give Telcare Glucometers to Patients of his with Gestational Diabetes (good blood glucose control in pregnancy greatly reduces likelihood of adverse pregnancy outcomes, miscarriages, macrosomia, operative births, pre-eclampsia, premature births, neonatal ICU admissions, etc) told me he could sooner get his hospital to build him a brand new state of the art surgical ward to treat Patients with Diabetes than he could have them buy a single Telcare Glucometer…

Why Big Pharma struggles to innovate with mHealth

Let’s hope BioMetry (formerly Cardionet) can make a success with the innovative Telcare tech and team.

Related Posts:

The International Diabetes Federation calls for mHealth to become an embedded compulsory part of how we provide quality care for diabetics.

Watch the CPD accredited mHealth Symposium that I delivered at the World Diabetes Congress in Vancouver (the world’s biggest Diabetes industry meeting).

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Why do we blame Pharmacist Fatigue when fatal errors are originating from poor design & outdated tools?

whats-killing-more-pharmacist-fatigue-or-poor-design-and-outdated-tools

As yet another completely avoidable death is being blamed on Pharmacist Fatigue surely it is time we scrapped the idea that human judgement is perfect and handwritten scrawlings on scraps of paper are safe.

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We shouldn’t tolerate a situation where Amazon pickers use better tech (to post me books) than Pharmacists use to dispense my lifesaving medications. It’s time we made Pharmacy’s responsible for adopting the tools of our time because there aren’t any Community Pharmacists left who don’t have smartphones (supercomputers in their pockets) capable of providing a machine reading safety stop.

Related: Get in touch if you’d like to take the mHealth for Community Pharmacists CPD course.

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$2500 market research report claims ‘mHealth Ecosystem Market Revenue Will Hit $23 Billion by 2030’.

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SNS Research: The mHealth (Mobile Healthcare) Ecosystem: 2017 – 2030 – Opportunities, Challenges, Strategies & Forecasts

(HatTip: MedGadget)

While it throws about some exciting numbers (eg. “mHealth could represent up to $370 Billion in annual healthcare cost savings worldwide”) I feel this report highlights the need to consult with credible Mobile Industry analysts if you’ve any hope of accurately predicting mHealth market trends.

The mHealth market is actually worth somewhere in the region of $3Trillion (that’s why Apple’s Tim Cook is talking about it dwarfing the current $Trillion smartphone market – a market from which Apple generates more than 100% of the profit).

The scale of revenues in the mobile industry highlight why it’s not going to be $23 Billion by 2030 eg. back in 2013 MMS generated revenues that were double that figure.

Save yourself $2,484 on predictions that mHealth in 2030 will underperform the 2013 MMS market and order Tomi Ahonen’s 2016 Mobile Industry Almanac.

Related: Get in touch if you need quality mHealth market insights.

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The SafeSex #CondomEmoji is an “Open Umbrella with RainDrops” #WorldAidsDay

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After failing to have Unicode approve an official safesex emoji Durex have gone ahead with an unofficial emoji to coincide with #WorldsAidDay 2016 in the hope that Unicode will reconsider their decision and help ensure that there is a safe sex emoji on every smartphone so that more people can be encouraged to communicate about safe sex.

Please consider sharing your support for the cause by sharing the #CondomEmoji hashtag with your connections.

World Aids Day 2016

Related post: Mobiles play their part in World Aids Day 2008

 

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mHealth Events to attend in 2017

mHealth Events 2015

2016 was the first year I counted 100 mHealth events being held around the world (click here to view the events held in 2015, 2014, 2013, 2012, 2011 and 2010) so with no time to lose here’s a definitive collection of the mHealth meetings planned for 2017.

If you know of any that I’ve missed please share a link in the comments below and I’ll update this listing to include them:

Digital Health Summit at CES
Las Vegas, USA
6-7 January 2017

Mobile Health Trophies
Paris, France
28 January 2017

mHealth Israel Conference
Tel Aviv, Israel
8 March 2017

Medical apps: mainstreaming innovation
London, UK
4 April 2017

UCLA mHealth Summer Training Institute
Los Angeles, California
6-11 August 2017

* We’ll be there ** We’re Chairing/Presenting/Exhibiting

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New service being piloted by the BMA provides every Doctor in the UK with Skype access to a Doctor

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While 3G Doctor has been available since 2006 the new DocHealth service being piloted by the BMA means that every Doctor in the UK is now offered the opportunity to Skype a Doctor to consult about any Professional or Personal issues.

I think we should be able to learn lots about the future direction of medicine by looking at the design of this service and it’s evolution.

mHealth Insights

It’s interesting that the DocHealth service is billed as being ‘confidential‘ which is quite odd as presumably all Doctor consultations are confidential?

It’s very interesting that the service promises “no report writing unless specifically requested by the doctor using the service” as perhaps this means there are exceptions being provided to the Doctors that are providing the service as they would normally have a duty to report concerns about a colleagues fitness to practice regardless of whether or not the ‘Patient who is a Doctor’ specifically requested a report was written.

It’s great to see the service makes use of mobile video calling as earlier this year at the Irish College of General Practitioners annual conference Irish GPs gathered to debate “The role of video consultations in general practice: an opportunity or threat?” with the College’s head of communications presenting the case that this is somehow a threat to GPs and their Patients.

I thought this was interesting as:

1) I’ve never met a Doctor who hasn’t got a mobile phone that has a contact list full of other Doctors who they could call/SMS/Facetime at anytime if they needed help. It’s incredibly rare to meet with a Patient who is in this fortunate position and in fact Medics are being taught not to provide their personal contact details to Patients even though it’s one of the most caring things you can do.

2) The debate highlighted for me how despite the compelling evidence there is still a lot of disdain amongst experienced Doctors for any medium other than face to face in the office approaches to providing care. For many the medium through which they consult seems to be more important than the content and timing and I think they’re being left behind by Patients and are missing out on huge opportunities to improve the quality of their own careers and work/life balance while making a difference by improving access and outcomes for Patients who clearly want their Doctors to adopt the tools of our time and are more than ready for change.

3) the debaters  had clearly confused ‘video consulting’ with ‘video prescribing’ (something I talk about in this mobile video consulting best practice talk I gave at the Doctors 2.0 conference a few years ago in Paris).

Sir Stirling Moss 3G Video Calling 3G Doctor Dr Fiona Kavanagh

 

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Digital Health: “That must cost a bomb”

Gemma Morris checks out the GIANT Healthcare Event in London and I think the short piece makes it really clear why Patients and Clinicians need “Mobile Health” rather than “Digital Health” innovation.

mHealth Insights

“(4 Min) an USB stick and a drop of blood that’s all you need for a new HIV test developed by scientists the process is similar to the one here the disposable device detect the virus and then creates an electric signal your computer or handheld device reads to get the result the whole test can be complete within just 30 minutes”

It stuns me that the Digital Health industry has learnt so little from the Mobile industry or the BornMobile generation.

It should be obvious in 2016 that we are categorically failing millions of Diabetic Patients and Clinicians because 99% of the data captured by Digital Glucometers isn’t being automatically collected and shared but how could anyone working at Imperial College London think that we would want Patients to be monitoring their expensive HIV treatments with dumb  unconnected devices that need to be mounted to computers via USB drives when connectivity is such a simple and inexpensive addition?

I think we need to look to mHealth because ‘Digital Health’ entrepreneurs are nearly as out of touch as the EU Researchers who are trying to produce Robots to provide answer machines to Patients who have Mobile phones.

“(5 min) there’s the whole load of innovators and entrepreneurs here each with their own high-tech solution for helping us improve our health. We found one exhibitor who has been using holographic technology to help train medical students come and meet Dr. Javed Kahn.

Hello.

And you bought half a human body with you!

That’s right this is a holographic 3D image of  human anatomy and it’s used to train medical students at the University of Edinburgh how has this become a tool for training one of the problems faced by teachers of anatomy and for the students is to understand the complexities of the internals of the human body this includes things like the organs the skeleton arteries this is very complex information and a good way to show this is in three dimensions so what are the current methods for training students would it be dissection and graphics that’s right currently students use dissection which happens in later years and they also use two-dimensional atlases which is just like a book and in fact we’ve made a three-dimensional version of this Atlas which enables you to see all of the human anatomy were imaged everything holographic technology doesn’t need glasses so things appear in midair and this is a real plus for this technology so you want those atlases to be rolled out across universities then that’s right we’re working on this now together with a medical publisher and a couple of universities.

I bet that’s going to be expensive though, there must be some drawbacks to this technology i bet it cost a bomb?

it used to be the case but the latest technology is is now manufacturable and replicable so you can copy it more easily so the prices have come down significantly”

I recently visited Edinburgh Medical School to provide the mHealth course I developed and while there took the opportunity to join an anatomy class and was stunned to find that the course materials being used were little different to those printed pages and textbooks that I used 20 years ago when at Medical School down in London.

In the common room I found noticeboard adverts for second hand/out-of-date textbooks which I think should be an embarrassment to any Medical School in 2016. How is this preparing future Doctors from the worlds most expensive medical schools are being out done by their counterparts in low income countries (there is no longer a market for such out of date books in these as the students download copies of the latest textbooks onto their cheap android devices that they can use anytime anywhere).

I noticed only 7 students had iPads in the full lecture hall and they were all using the great Complete Anatomy apps produced by 3D4Medical and when chatting with them I was told they had made the decision for themselves to use these mHealth tools to aid their study (eg. the apps hadn’t been prescribed by their tutors). I thought it was also revealing that all 7 of these smart students were female, all the male students used pen/paper.

I cannot begin to imagine how Edinburgh University tutors can justify wasting money ring binding expensive printed study materials with hologram printing tech or huge unweildy and expensive 3D display screens when there are world leading Medical Schools that have retired paper course materials years ago and have already published research showing how it improves the quality of teaching and student performance.

Augmented Reality (the next mass media) apps are coming but they’re going to build on mobile educational apps and not from a marginal improvement to printed efforts:

Medical Schools should move with the times because the reality is there won’t be a single day in these future Doctors careers when they won’t be carrying at least one mobile phone that is at least as powerful as the latest iPhone 7 and is loaded with all their text and reference books.

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Related Posts:

The Medical Tech divide is disappearing thanks to #mHealth

mHealth Lesson for Medical Device Manufacturers: Clever doesn’t beat Connected

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