Healthcare is Tech
Tech is changing home care today
High-profile, well funded companies such as Honor are still in only a few markets. But there are many more startups nipping at the heals of traditionalists.
Oneva is providing care services through large employers. Oneva’s business model is currently self-funding. Their founder was profiled this week: PBS
Some industries stay the same for 30 years and then — POW. That’s what’s happening now in home health care.
- The change is happening now because of a longer-lived population, worker scarcity, low wages, and retiring franchise owners.
- Home care is a service business. All service businesses still in existence have a noticeable underpinning of technology. AIPTW
New healthcare provider focuses on data
UnitedHealth and Univ. of California want to give large employers who “self-fund” their healthcare a new healthcare plan with better data.
- The new Accountable Care Organization will be built from the ground up. The ACO will gather data for employers across physical health, mental health, wellness programs and pharmacy benefits.
- UnitedHealth tries to catch up in California’s self-funded market. Anthem already has 37% of the self-funded market in California, Cigna has 24%, BlueShield 13% and UnitedHealth 13%. UH is playing “catch-up in a crowded market.”
- The two organizations want to lure young data scientists into the medical field. Today, medicine loses data scientists to tech companies. The new ACO will hire data scientists for OptumLabs. OptumLabs is a collaborative research center founded by UnitedHealth — partners include the Mayo Clinic, AARP, Harvard Medical School and Pfizer.
Healthcare’s top Chief Technology Officer
Susannah Fox of Health & Human Services talks about the need for innovation, the difficulty of reaching 65+ people online, and the “growth industry” of frailty. WSJ
In developing countries, necessity is the mother of these healthcare innovations: $200 incubators, miniature surgery “rooms” that are sterile, $250 pulse monitors, machines that work when the power cuts out. WSJ[/vc_column_text][vc_column_text]
Transportation your finance team likes
Circulation is a HIPAA-compliant technology that delivers patients to and from hospitals. Billing and payment is reconciled with health care organizations. Uber is the API and app platform. Circulation is being piloted at Boston Children’s a LIFE (PACE) in Pennsylvania and other places. HHCN[/vc_column_text][vc_column_text]
Financial Advisor Insights
Connect with investors’ attitudes
Are your baby boomer clients chasing yield? Are they upbeat about the future of the US economy? Do they need reassurance they’re being treated fairly? Here are insights for advisors, based on a new Hearts & Wallets survey in ThinkAdvisor:
- 47% of investors indicated that their number one financial goal remained the build up of emergency fund.
- Investors want help, but fear being ‘ripped off’ by advisors
- ~1 in 4 investors will accept more volatility to chase investment returns.
- 1/3 of younger investors will accept more volatility.
- Only 1/3 of investors age 53-64 — in the “accumulation phase” — feel their retirement savings are “on track.”
- Older investors feel more upbeat about the economy than younger investors.
Coaching can change health
Mayo Clinic reports improvement in health behaviors after 12 months of one-on-one wellness coaching. Participants worked with a coach to create a vision for wellness and to design a strategy to reach those goals. When coaching stops, the results drop off, but overall remain improved. WSJ[/vc_column_text][vc_column_text]
Lives are longer, but not healthier
Heart disease is making a comeback because of the obesity epidemic. The next epidemic — dementia — may need decades of prevention that starts in middle age. Hardening of the arteries is a risk factor for both heart disease and dementia. NPR
Obesity patients get worse care because doctors tend to blame all symptoms on weight. Patients with severe obesity experience stigma inside and outside the health care system. NYT[/vc_column_text][vc_column_text]
When doctors are doctors’ advocates
“Pressure is the prevailing attitude of the medical profession. The professional societies like the AMA and the American College of Surgeons say you should be a patient advocate at all times. But that goes out the window because here you are, banding together with your peers. Because if you don’t, you’ll be like a man without a country.” ProPublica[/vc_column_text][vc_column_text]
Spouses are a different “loved one”
Widowers may seem ok, but scratch the surface and many have considerable difficulties. NYT[/vc_column_text][vc_column_text]
The case for cross-generational care
Older citizens are an underutilized resource. Childcare is under-resourced. A simply perfect match. Next Ave.[/vc_column_text][vc_column_text]
FDA’s culture not helping public opinion
The FDA ensures “positive” press coverage by arm-twisting journalists. “Close-hold embargoes” are deals made between journalists and organizations with breaking news. In exchange for an early look at non-public announcements, journalists agree to not speak with “unapproved” sources. This stifles dissenting comments in the media, and sets a positive tone for subsequent coverage. Original title for this report was “How to Spin the Science News.” SA
Revolving door, from FDA to pharma
25%+ of FDA employees who approved cancer and hematology drugs from 2001 through 2010 left the agency and now work or consult for pharmaceutical companies. NPR[/vc_column_text][/vc_column][/vc_row]