Cluep’s Post

Warning:Warning: The healthcare industry's obsession with data science is actually stifling innovation - and it's time to rethink our approach. The biggest problem facing HealthTech, BioTech, MedTech, and PharmaTech startups today is that they're drowning in data, but struggling to translate complex data insights into actionable business decisions that drive revenue growth. To break free from this cycle, it's time to shift the focus from data science to data-driven decision-making, empowering every team member to make informed decisions rather than relying on gut feelings or anecdotal evidence. By making this shift, healthcare organizations can unlock the true potential of their data, drive meaningful revenue growth, and ultimately transform the future of healthcare, resulting in lives saved and a healthier world for all. https://lnkd.in/gtjpXgWf #HealthcareInnovation #DataDrivenDecisionMaking #HealthTech

Peter Fitzgerald's recent lecture at the MedTech Strategist Innovation Summit in Dublin stood out to me. Here's why: It's clear that the future of healthcare is being reshaped by technology, particularly AI and Generative AI. Peter spoke passionately about the potential of these technologies to revolutionize patient care by enabling highly personalized treatment plans and predictive health management. He emphasized the need for healthcare technologies to operate in real-time, allowing for proactive interventions that could dramatically reduce hospital readmissions and enhance patient outcomes. But, the integration and effectiveness of such technologies can be limited by existing data silos within the healthcare industry. Peter advocated for more open data ecosystems that would allow an unrestricted flow of information across various platforms and systems to maximize the potential impact of AI on patient care. At BioT Medical, we’re deeply inspired by these visions of a more connected and intelligent healthcare system. Our commitment goes beyond developing infrastructure. We aim to accelerate the healthcare industry's transition towards more open and collaborative environments. This commitment is rooted in our belief that the future of healthcare will rely heavily on our ability to seamlessly integrate diverse technologies, enhancing the capabilities of AI and Generative AI across the board. We believe that by creating an ecosystem where information is shared openly but securely, we make it easier to develop new healthcare solutions that are more personalized, predictive, and easy to access. This is more than our mission—it's our contribution to a future where healthcare technology realizes its full potential to improve human lives. Thank you, Peter, for such an inspiring and thought-provoking presentation. It's a reminder of the transformative impact that openness and advanced technology can have on healthcare. ----- Contact me if you’d like to see how BioT can help you adopt these technological advancements and break down data silos. BioT website - https://www.biot-med.com/ #medtech #innovationsummitdublin #medtechinnovator #healthtech

Explore how AI-powered healthcare startups are breaking barriers to improve healthcare accessibility for all. Through technological innovation, these companies are bringing medical services closer to communities in need. Stay updated on how AI is reshaping the landscape of healthcare for the better. #HealthcareAccessibility #AIInclusion #MedicalTechnology

𝗛𝗼𝘄 𝗱𝗶𝘀𝗿𝘂𝗽𝘁𝗶𝘃𝗲 𝗶𝘀 𝗵𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝘄𝗵𝗲𝗻 𝗰𝗼𝗺𝗲𝘀 𝘁𝗼 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻? 𝗜𝘀 𝘁𝗵𝗲𝗿𝗲 𝗮𝗻 𝗶𝗻𝗰𝘂𝗺𝗯𝗲𝗻𝘁 𝗶𝗻𝗲𝗿𝘁𝗶𝗮? ❓🔬Healthcare is one of the most complex and dynamic industries, facing many challenges and opportunities for innovation. 𝗢𝗻𝗲 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗱𝗶𝘀𝗿𝘂𝗽𝘁𝗼𝗿 𝗶𝗻 𝘁𝗵𝗲 𝗵𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗶𝘀 𝘁𝗵𝗲 𝘂𝘀𝗲 𝗼𝗳 𝗔𝗜 𝗮𝗻𝗱 𝗺𝗮𝗰𝗵𝗶𝗻𝗲 𝗹𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀. ☎️Healthcare has many barriers that make it hard to disrupt from theoutside, such as regulatory hurdles, ethical issues, cultural resistance, and incumbent inertia. 🛗 Innovations in healthcare need to come from the inside, by leveraging the existing capabilities, relationships, and trust of the incumbent players. 𝙄𝙩’𝙨 𝙣𝙚𝙘𝙚𝙨𝙨𝙖𝙧𝙮 𝙩𝙤 𝙡𝙞𝙨𝙩𝙚𝙣 𝙩𝙤 𝙩𝙝𝙚 𝙛𝙧𝙤𝙣𝙩𝙡𝙞𝙣𝙚 𝙩𝙚𝙖𝙢 𝙖𝙣𝙙 𝙪𝙨𝙞𝙣𝙜 𝙩𝙝𝙚𝙞𝙧 𝙞𝙣𝙥𝙪𝙩 𝙞𝙣 𝙖𝙙𝙫𝙖𝙣𝙘𝙞𝙣𝙜 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮. 🏥The ease of disruption may depend on the nature, value proposition, and adoption of the innovation, as well as the context, competition, and collaboration of the industry. 𝑾𝒆 𝒉𝒂𝒗𝒆 𝒔𝒆𝒆𝒏 𝒕𝒉𝒊𝒔 𝒅𝒖𝒓𝒊𝒏𝒈 𝑪𝑶𝑽𝑰𝑫-19 𝒑𝒂𝒏𝒅𝒆𝒎𝒊𝒄. 💡🔭Disruptive innovations in healthcare may require a combination of creativity, persistence, and strategic alignment to overcome the challenges and seize the opportunities. 𝑇ℎ𝑒 𝐴𝐻𝐴'𝑠 "𝐻𝑒𝑎𝑙𝑡ℎ 𝐶𝑎𝑟𝑒 𝐷𝑖𝑠𝑟𝑢𝑝𝑡𝑖𝑜𝑛: 2023 𝑂𝑢𝑡𝑙𝑜𝑜𝑘" 𝑒𝑥𝑎𝑚𝑖𝑛𝑒𝑠 ℎ𝑜𝑤 𝑠𝑒𝑣𝑒𝑛 𝑜𝑓 𝑡ℎ𝑒 𝑏𝑖𝑔𝑔𝑒𝑠𝑡 𝑑𝑖𝑠𝑟𝑢𝑝𝑡𝑜𝑟𝑠-𝐴𝑚𝑎𝑧𝑜𝑛, 𝐶𝑉𝑆 𝐻𝑒𝑎𝑙𝑡ℎ, 𝑈𝑛𝑖𝑡𝑒𝑑𝐻𝑒𝑎𝑙𝑡ℎ 𝐺𝑟𝑜𝑢𝑝, 𝑡ℎ𝑒 𝑊𝑎𝑙𝑔𝑟𝑒𝑒𝑛𝑠 𝐵𝑜𝑜𝑡𝑠 𝐴𝑙𝑙𝑖𝑎𝑛𝑐𝑒, 𝑎𝑛𝑑 𝑊𝑎𝑙𝑚𝑎𝑟𝑡, 𝑎𝑛𝑑 𝑡𝑒𝑐ℎ 𝑐𝑜𝑚𝑝𝑎𝑛𝑖𝑒𝑠 𝐴𝑝𝑝𝑙𝑒 𝑎𝑛𝑑 𝐺𝑜𝑜𝑔𝑙𝑒/𝐴𝑙𝑝ℎ𝑎𝑏𝑒𝑡—ℎ𝑎𝑠 𝑠𝑡𝑎𝑘𝑒𝑑 𝑡ℎ𝑒𝑖𝑟 𝑐𝑙𝑎𝑖𝑚 𝑖𝑛 𝑝𝑟𝑖𝑚𝑎𝑟𝑦 𝑐𝑎𝑟𝑒, 𝑎𝑛𝑑 𝑢𝑠𝑒𝑑 𝑡ℎ𝑎𝑡 𝑝𝑙𝑎𝑡𝑓𝑜𝑟𝑚 𝑡𝑜 𝑒𝑥𝑝𝑎𝑛𝑑.

It was great attending this conference last week - thanks very much to Paul Volley and the Lockton team for arranging it. Two amazing stats were shared that really brought the need for medtech to help us improve our "health expectancy" to life (shared by Andy Hyatt) 🧓 The first person who will live to age 150 has likely already been born ⚖60% of Europeans are overweight; half of >60s in the UK have at least two long-term health conditions The good news is there's some amazing technology already there - for example Japanese firm Innophys who have created wearable exoskeletons to aid lifting (supporting care of the elderly, and people to work longer), and it was inspiring to hear Bryn Davies from Proximie cover how its technology is connecting clinicians globally to improve patient outcomes. However, as the Lockton team explained - conforming to different national / regional regulatory requirements challenges ability to scale. Investment will also be key - thanks to Amar Shah, Karen Kirkham and the Deloitte team for sharing insight from their Future of Health report, which showed that - despite very tough times recently - VC investment into medtech is on a long-term growth trajectory, plus private equity dry powder is at its highest level ever (over $2.4tn!) Certainly an interesting space to be a part of.... #medtech #lifescience #innovation #venturecapital #privateequity #healthcare #reimbursement #patientcare

📢 Great piece in Health Tech World from Hassan Chaudhury, that captures the essence of the rollercoaster ride medtech innovators embark on in their quest for success. This insightful analysis sheds light on the intricate balance required to not only innovate but also to make a lasting impact in the healthcare sector. A must-read for anyone involved in or interested in the future of medical technology and healthcare innovation. It’s a reminder that the path to transforming healthcare through technology is complex, yet immensely rewarding for those who navigate it successfully. #medtech #healthtech #healthcare

Navigating #AI hype in #medtech to help improve patient care and outcomes isn’t a journey to take alone. Let’s collaborate to unlock innovation and build a healthier tomorrow.

❓ How should digital transformation take place in healthcare organizations, and who should be responsible? ❓ What are the secrets to creating a new clinical digital product, from idea to market launch? ❓ What are the technology trends that will shape the future of patient-centric healthcare?   For these and more insights from our dynamic discussion with our special guest, Claus Torp Jensen, C-Suite Transformation Leader, Executive Advisor, and Chief Innovation Officer, watch my latest interview on the Andersen Lab RnD channel. Hope you'll enjoy!    The link is here: https://lnkd.in/dy8H-aRn

At the Veeva R&D and Quality Summit, industry leaders gathered to discuss the future of clinical trials. Richard Young, VP of Clinical Data Strategy at Veeva Systems, shared insights on connected clinical trial applications, AI, automation, and site collaboration, highlighting key advancements shaping the industry. 🚀 Key takeaways from my brief discussion with Richard Young: 🔗 Connected applications: Focusing on patients and sites to ensure trials make sense, much like solving a Rubik's cube where every move impacts others. ⚙️ Automation without AI: Significant time and cost reductions (up to 40% faster in data management processes) through clever automation. 💡 Pragmatic innovation: Innovation should be easily adoptable, with quick returns, ensuring data robustness and efficiency. 🤝 Site collaboration: Listening to site needs to reduce startup times and bring trials closer to patients. 📊 Data-driven transformation: Moving from individual tools to a fully connected journey, improving primary, secondary, and tertiary data uses. #ClinicalTrials #Veeva #Automation #AI #SiteCollaboration #Innovation #DataManagement #Healthcare Deivis Mercado

Exciting news! Product School has just released a new FREE report: 'Uniting People and Technology for Transformative Change in #Healthcare'! This white paper is a treasure trove for anyone passionate about digital transformation in healthcare. It features 6 in-depth case studies and over 25 innovative digital solutions. Why you should definitely check it out: 💡 Be inspired by a wide range of use cases, from operations to pharmaceuticals. 🤖 Learn how to make data accessible and automate those tedious tasks with AI. 🕵♂️ Discover strategies to put people at the center of change for lasting impact. 📈 Explore real-life case studies showing financial benefits and improved patient care. 📊 Utilize expert tips and prioritization frameworks to kickstart and scale your digital projects. Download your free copy now at https://lnkd.in/e9GGizp9! #product #productmanagement #healthcare #digitaltransformation