Naveen Kumar’s Post

💥 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗵𝗲𝗮𝗹𝘁𝗵 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝗶𝗻 𝗤𝟭 𝟮𝟬𝟮𝟰 𝘀𝗵𝗼𝘄𝗰𝗮𝘀𝗲𝗱 𝗮 𝘀𝗵𝗶𝗳𝘁 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝗰𝗿𝗲𝗮𝘁𝗶𝘃𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝘀 Digital health funding in Q1 2024 showcased a shift towards creative financing measures, with $𝟮.𝟳𝗕 𝗮𝗰𝗿𝗼𝘀𝘀 𝟭𝟯𝟯 𝗱𝗲𝗮𝗹𝘀, marking a smaller yet active funding landscape. Notably, AI-driven investments surged, constituting 40% of the total funding, indicating a 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗳𝗼𝗰𝘂𝘀 𝗼𝗻 #𝗔𝗜-𝗲𝗻𝗮𝗯𝗹𝗲𝗱 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 like clinician scribe software and precision health platforms. Moreover, there's a renewed emphasis on outcomes reporting, with 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝘀𝗲𝗲𝗸𝗶𝗻𝗴 𝗲𝘃𝗶𝗱𝗲𝗻𝗰𝗲-𝗯𝗮𝘀𝗲𝗱 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗳𝗿𝗼𝗺 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗵𝗲𝗮𝗹𝘁𝗵 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀. Creative deal structuring remains prevalent, with startups exploring innovative ways to secure capital, while the public markets witness a recalibration in the digitally health sector's makeup due to delistings. As expectations reset for both private and public players, the pressure intensifies to demonstrate strong outcomes and validate paths forward. 🤔 𝑯𝒐𝒘 𝒘𝒊𝒍𝒍 𝒅𝒊𝒈𝒊𝒕𝒂𝒍 𝒉𝒆𝒂𝒍𝒕𝒉 𝒄𝒐𝒎𝒑𝒂𝒏𝒊𝒆𝒔 𝒏𝒂𝒗𝒊𝒈𝒂𝒕𝒆 𝒕𝒉𝒆𝒔𝒆 𝒔𝒉𝒊𝒇𝒕𝒊𝒏𝒈 𝒑𝒂𝒓𝒂𝒅𝒊𝒈𝒎𝒔, 𝒃𝒂𝒍𝒂𝒏𝒄𝒊𝒏𝒈 𝒕𝒉𝒆 𝒏𝒆𝒆𝒅 𝒇𝒐𝒓 𝒊𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒗𝒆 𝒔𝒐𝒍𝒖𝒕𝒊𝒐𝒏𝒔 𝒘𝒊𝒕𝒉 𝒕𝒉𝒆 𝒅𝒆𝒎𝒂𝒏𝒅 𝒇𝒐𝒓 𝒕𝒂𝒏𝒈𝒊𝒃𝒍𝒆 𝒐𝒖𝒕𝒄𝒐𝒎𝒆𝒔 𝒂𝒏𝒅 𝒔𝒖𝒔𝒕𝒂𝒊𝒏𝒂𝒃𝒍𝒆 𝒈𝒓𝒐𝒘𝒕𝒉? #artificialintelligence

Interesting piece that reaffirms adaptability as a key differentiator through the digital health evolution. It's easier said than done, but companies truly need to understand provider needs before anything else; only after the fact can they successfully position their solutions as integral partners in care delivery. Considering value and outcomes at the outset sets the stage for more sustainable growth down the road. #DigitalHealth #FutureOfHealthcare #Innovation

Do you have a digital health solution that is working to eliminate racial, economic, and regional disparities in health outcomes? The Massachusetts eHealth Institute (MeHI), a division of the Massachusetts Technology Collaborative (MassTech), is seeking startups and entrepreneurs to compete for prizes worth a total of $250,000 in the third Digital Health Sandbox Challenge. 🔗 Link to detailed info in comments #MassDigitalHealth #Healthcare #digitalhealth

A year ago, I posed a question: Are digital health solutions actually solutions? Now, the latest findings from the Peterson Health Technology Institute (PHTI) are in, and they're eye-opening. As a physician, I'm deeply invested in how these technologies impact patient care... The report highlights a significant challenge: many digital health startups, despite their high funding, haven't convincingly demonstrated their effectiveness in improving health outcomes or reducing costs. P Particularly in diabetes management, the evidence for meaningful clinical benefits and cost savings is lacking. This revelation prompts a critical reflection for us in the digital health arena: How do we build trust and ensure our solutions deliver real value? I believe the answer lies in marrying solution development with rigorous evidence gathering. Doing so is necessary to win over clinicians, payers, and investors in a crowded marketplace. Read my latest here 👉 [https://lnkd.in/d4-2YgUD] #DigitalHealth #EvidenceBased #HealthTech #TrustInTech #PatientCare

Digital health is evolving into a more personalized experience

I spoke to Dr Arrash Yassaee about what does success look like in terms of partnerships between solution providers and health care orgs. Key takeaways: The single greatest enabler of success is are you aligned on values. Are you a health care company that is using tech as a modality to improve health care quality? Or are you a tech company that just happens to be marketing their product to health care organisations. People in health care can spot the difference. Health care orgs can be increasingly forgiving with providers if they are aligned on values. Being misaligned on values will cause a lot of resistance or even breakdowns in partnerships between providers and healthcare orgs. We are no longer in the heat of the pandemic, healthcare orgs have less urgency when it comes to digital disruption. There is no longer an appetite to "innovate for the sake of innovating". Interested in knowing more about building partnerships in digital health? Join us at our Building Partnerships in Health AI event this Tuesday: https://lnkd.in/dw5jTsV5

The EU digital health market is projected to grow from €40 billion in 2022 to €120 billion by 2030, driven by advancements in technology and increasing consumer adoption. The future of digital health in the EU is incredibly promising. With advancements in technology, increasing consumer adoption, and substantial investments, the sector is set to revolutionize healthcare delivery and improve patient outcomes. For startups and investors, this is a golden opportunity to be at the forefront of a healthcare revolution. If they find a way through regulations 😂 Dmitry Shvager | CraftCohort

In Case You Missed It! 👀 Check out Tech London Advocates & Global Tech Advocates recording of their event, Why Global Health Innovators Choose Britain. Be sure to follow one of our expert mentor's Robert Mollen for more updates on the UK & global medtech sector.  #londontechadvocates  #healthtech  #cancertech  #medtech  #innovation  #UK  #investment  #NHS  #innovation

🔍 Achieving ROI from digital health initiatives is a pressing concern for Pharma and MedTech industries. The article offers: 🔸 Actionable strategies for navigating digital transformation successfully. 🔹 Examples of companies leveraging digital health solutions for revenue generation. 🔸 Insights into the importance of societal trust and regulatory compliance in digital health adoption. Learn how to transform digital health investments into profitable ventures.

“Healthcare problems cannot be solved by technology alone; they also require a human touch,” says Bharat Gera, a pioneer in the digital transformation of healthcare -- In this episode of Health Quest by ISB's Max Institute of Healthcare Management, hosted by Ganesh Krishnan, Visiting Faculty at ISB and Serial Entrepreneur, converses with Bharat Gera, Founder, Human Centric Healthcare Ecosystem. They discuss the evolution of digital health in the country, examining how the pandemic catalysed long-awaited changes in the field. They also delved into the challenges of maintaining this momentum, exploring why some initial progress has been difficult to sustain in the post-pandemic landscape. #HealthcareatISB