Digital Health

The health insurer industry recognizes that the current way of doing business is not sustainable long term. Insurers either keep shifting more cost to consumers, resulting in consumers directly doing business with care providers, or they kept raising premiums, bankrupting consumers, and eventually causing their own demise—either out of business or government moves in to create a single payer system. As current thinking goes, insurers want to change their role from a gatekeeper...
The Government Accountability Office (GAO) released a market status report on telehealth and remote health monitoring last month. Though nothing new from my knowledge gain per se, it is a good read and reminds me of how slow the reimbursement policy has evolved since I started covering digital health in 2006. CMS is the gatekeeper of Medicare’s reimbursement policy and has historically been slow to embrace telehealth or remote health monitoring for fear of over-utilization and cost...

On February 8th, Verizon moved to introduce its new—and first—smart watch, the Wear24 . The Wear24 is one of the first Android Wear 2.0 devices. Its standout feature is that it offers LTE connectivity, and is capable of making and receiving calls and texts without being paired to a nearby smartphone. (You still need to have a phone on Verizon's network, though.) Like the LG Watch Sport—another Wear 2.0 device, developed by LG in partnership with Google—the Wear24 offers...
 
by Kristen Hanich | Feb. 16, 2017
Tags: mobile, operator, smart watch, wearable
As usual, CES 2017 was a four-day extravaganza of innovations from the smartest connected car innovations to the latest bendable/flexible battery. In the digital health section of the show floor, two companies caught my attention—Israel-based TytoCare and South Korea’s Partron/Croise. Both design and manufacture what I call “personal health hub” devices. TytoCare’s hub (the TytoHome model on the right) is a half-palm-sized device with accessories that currently...

Some of the most interesting news to come out of CES this year had to do with virtual reality. With the upcoming release of the Windows Holographic System and VR headsets for around $300, it seems like 2017 may be the year that VR goes mainstream. But what does this mean for fitness and healthcare? One example of what we can expect in terms of fitness is VirZOOM. The VirZOOM platform includes a stationary bicycle that works in combination with a VR headset and accompanying software...
Fitbit’s stock had a terrible year in 2016 even though the company posted double-digit growth in both revenues and device sales. That is how tough to be in hardware business these days. Fitbit has never hid its ambition for pursuing growth opportunities via the corporate wellness and health insurance channels, but that growth has yet to be validated through financial metrics. The upcoming fourth-quarter financials and its 10-K report later this year would clear a lot of...
 
by Harry Wang | Jan. 5, 2017
Tags: care management, mHealth, wearable

We recently released a complimentary whitepaper examining the top trends in the connected home, health, and mobile industries. Top 10 Consumer IoT Trends in 2017 , which features insight from Parks Associates’ analyst team, examines key topics driving growth and monetization of the IoT. Consumerization of healthcare services and devices drives integration with smart home ecosystems and new business models. Connected healthcare is taking a more prominent role in the...
Fitness device use is most frequent among owners with active gym memberships with no cancellation plans Over one in three fitness tracker and/or smart watch owners have an active gym membership and do not plan to cancel. Past research from Parks Associates has found that many as 10% of fitness tracker and smart watch owners have canceled or plan to cancel their gym memberships as a result of using their device. However, new research is showing that high device usage rate of active...
 
by Harry Wang | Dec. 27, 2016
Tags: fitness apps, smart watch, wearable


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