Smart device technology will make healthcare timely and effective

Health Invest Finland announces new investment
August 14, 2017

Both patients and providers benefit from the new integrated wristband with cloud-based technology that makes health care mobile and enables predictive-adaptive analytics.

Health care should happen promptly. To predict and anticipate patient needs is part of a broader healthcare improvement in the digital age. The digital health sector is transforming to a virtual care model. If one has care and support needs and finds it difficult to look after oneself, an innovative wristband with 24/7 service is a solution. This may save and extend human lives.

The result is a better provision of care, saved lives and increased satisfaction of patients as well as families. Patients, relatives, practitioners, public administrators, researchers, investors - all benefit from collecting community and clinical health data, delivery of health care information, real-time monitoring of patient vital signs, and direct provision of care.

My+Careâ„¢ at a Glance

In January 2017 Health Invest, a Finnish healthcare startup, is to launch an innovative healthcare wristband, the first of its kind. The wristband, which can also be operated by an app for Android and IoS, is a smart wearable device with sensors for persistent care. The team, which is an experienced group, is particularly well positioned thanks to Mostafa Hanifi, CTO, and his 17 years at Nokia.

The innovative cloud-based analytics and monitoring system, which is equipped with a smart bracelet, is dubbed My+Careâ„¢. A mobile health solution like My+Careâ„¢, which communicates and analyses in real time, can take senior care to a new level. Markets, it seems, are in need of an accurate, secure and smart device.

The technology for My+Careâ„¢, which has been developed since 2014, has cooperation partners and licensees in Europe, USA and Asia, many internationally known companies among them. The wristband includes automatic fall detection, real-time positioning with indoor and outdoor data, various sensors and microphone with speaker and other functions, however, a long battery charge.

Interestingly, with My+Careâ„¢ personal and broad professional needs are met. This can be as exciting for investors as for public administrations, providers and senior communities.

Head in the Cloud

Cloud will have an impact on the actual delivery of health services - and the doctor-patient relationship. In particular, cloud is developed to support remote diagnostics and treatment - helping to empower the patients with knowledge of their own condition. It may also support the desired results of preventative care and timely intervention.

Realizing the vast potential of this technology is a commercial project as well as a social one.

Overall, preventive services are difficult to implement because health care practitioners have limited time. For care facilities, givers and administrations the biggest change is that the health of a patient is monitored in their own home. Relatively low cost, which is a debate, may make the service available to a much larger community than it has ever been possible before.

As an on-demand society, users rely on their smartphones and other cloud-connected devices to provide immediate access to information, complementing and enhancing every aspect of their lives. And when caregivers go to work, using Big Data anytime-anywhere gives access to critical information without being tethered to a computer, and they need to efficiently navigate to get patients what they need.

Feet on the Ground

Each year, millions of people die of preventable deaths. A 2004 study (by Mokdad, A. H., Marks, J. S., Stroup, D. F., & Gerberding, J. L.) showed that about half of all deaths in the United States in 2000 were due to preventable behaviors and exposures. Leading causes included cardiovascular disease, chronic respiratory disease, unintentional injuries, diabetes, and certain infectious diseases.

Chronic diseases are the leading causes of death and disability worldwide, which places preventative care at the top of the agenda in healthcare. From a business point of view, the number of senior people aged 65 and over, is expected to double from 2013 to 2050 exceeding 2 billion. In many cases it becomes difficult to look after a senior relative, so finding a good caregiver becomes a necessity.

Peace of Mind

Taking care of patients in their homes rather than in care facilities works well in many aspects. It is an efficient way to utilize public resources just as a comfort with peace of mind to those at the receiving end and their loved ones. A glance through the ongoing evolution in the digital health sector reveals an increasing long-term tendency to self-management and holistic medicine.

With My+Care™, relatives may no longer experience anxiety about the wellbeing and health tendency of their senior family members. They may be alerted of a fall-down incident. Furthermore, geo-fencing is a valuable function to make sure its user is well and secure. With smart data, injuries and accidents may be prevented. Otherwise, if one is not at home, it is impossible to know what is going on there. So a wish becomes a reality – with individual needs taken into account, to live peacefully and comfortably in the existing home. Instead of uncertainty, senior period of life can be taken with great delight.

Adaptive Healthcare Technology

Data analytics are a key pillar of digital health. In the value chain of Health Invest, licensees can seek to increase the value of their company.  Participation in co-development enables the service to suit the needs of a specific user base.

One of the goals of Health Invest Finland is to improve healthcare through the meaningful use of My+Careâ„¢ health information technology. In value-based care, healthcare quality and coordination are improved with outcomes corresponding to current professional knowledge, whereas costs are reduced. The goal of Big Data revolution in healthcare means better care at lower cost.

Three technology trends together may solve the problem of delayed identification of deteriorating health – physiological sensor technology, smart applications on mobile phones, and big data analytics all built on the foundation of real-time medical data.

Healthcare providers, governments and users are an obvious source of sales. The business of cloud-based smart healthcare relies on convincing individuals that such services are worthwhile and professionals that they are accurate and effective.

We are currently only at the modest beginning of the artificial intelligence revolution in healthcare. Health information technology and mobile care solutions are hugely promising.

1 Comment

  1. tony says:

    Hi, yes I agree this 100% , but from my point of view AI artificial intelligence revolution in healthcare is already started.

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