The Future Of Healthcare

Carlos Sentís, Founder and CEO of World Innovation Alliance, Dr. Brian Jackson, an Associate Professor of Pathology at the University of Utah, Malinda Elien, Senior Technical Project Manager at Fresh Consulting, Dr. Biju Mohandas, Partner and Global Co-Lead of the Healthcare Investment Team at LeapFrog Investments, Marc Kuperstein, Managing Director of Software Development at Fresh Consulting, Ben Heiser, Vice President of Operations and Business Development at Lumicera Health Services, join Jeff Dance to discuss the future of healthcare in ten to twenty years from now, the emerging technologies that will impact healthcare the most, and how to design with more intent to improve the human experience.

They Cover:

[00:04:24] The technological revolution we are experiencing creates an explosion of opportunities for healthcare development. New tools allow us to test millions of possibilities for a specific problem and find the best one. Cloud labs represent a concept of robotic laboratories that are in demand so anybody can access them and request a specific experiment, which allows them to multiply the ability to find better solutions way faster.
[00:08:33] Over the past half-century, most healthcare technology companies have been chasing the wrong goals at the time healthcare technology has become more amazing. The affordability and accessibility of those technologies have become worse. Healthcare technology investment across high-income countries is directed at drugs and devices explicitly designed to capture higher and higher prices rather than trying to address larger needs. A real trend in the industry represents the possibility of giving the patient autonomy, control, and self-determination.
[00:12:20] Given today's problems, we must pay attention to designing products that will work for everyone regardless of socioeconomic status. Augmented reality has the potential to improve diagnostics and enable more advanced remote care. Technology that will enable healthcare providers to get more robust information about the patients they are seeing remotely may be a game changer for ensuring better care. Device developers should be careful to develop products that can meet the needs of the majority of the population rather than the privileged few and advocate for funding streams that encourage the development of devices and solutions to help manage chronic conditions across the entire population.
[00:14:41] Designing with intent in healthcare requires recognizing some secular trends. Firstly, life expectancy is increasing. However, the healthy average life expectancy today is about sixty-three years. There is a large gap between the average life expectancy of about seventy-three years and the healthy average life expectancy of sixty-three. Secondly, non-communicable diseases have risen dramatically and account for seventy percent of mortality globally.
[00:16:38] Most non-communicable diseases are influenced by social determinants of health, sleep, diet, fitness, and stress. Most people can influence these social determinants, so healthcare technology requires a design shift toward the individual. While the use of technology will include better medical equipment, more targeted and customized drugs, gene-based therapy, and personalized medicine, the most massive shifts will happen by leveraging relatively simple tools like a mobile phone but will require a massive shift in thinking and in the design of health systems.
[00:21:35] COVID taught us that people don't always want to come into the doctor's office. Therefore, one segment that has a great chance of emerging is the AI-based Internet of Medical Things or IOMT. One of the problems in AI is collecting enough data. Over time, that issue will get resolved, and more people will collaborate to build these models and share information.
[00:23:57] Technological advancements in healthcare can take different directions, like virtual reality, blockchain, machine learning, genomics, proteomics, and digital therapeutics. The continued development of preventative medicine and advancements in personalized medicine are two key areas healthcare technology designers should focus on. We need to shift from what we currently have as a procedural reimbursement model and start charging for the value being added from a healthcare standpoint.

Full transcript: https://www.freshconsulting.com/insights/podcasts/the-future-of-healthcare/

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Episode resources:

Carlos’ Sentis: https://www.linkedin.com/in/carlossentis/?originalSubdomain=es
World Innovation Alliance: https://www.wia.world/
Dr. Brian Jackson: https://www.linkedin.com/in/brian-jackson-32809a6/
University of Utah: https://www.utah.edu/
ARUP Laboratories: https://www.linkedin.com/company/arup-laboratories/
Malinda Elien: https://www.linkedin.com/in/malindaelien/
Fresh Consulting: https://www.freshconsulting.com/
Dr. Biju Mohandas: https://www.linkedin.com/in/drbiju/?originalSubdomain=ke
LeapFrog Investments: https://leapfroginvest.com/
Marc Kuperstein: https://www.linkedin.com/in/marckuperstein/
Ben Heiser: https://www.linkedin.com/in/ben-heiser-pharmd-mba-csp-lssgb-2657178a/
Lumicera Health Services: https://www.lumicera.com/

About the Show

"The Future Of" is a podcast by Fresh Consulting & hosted by Jeff Dance, where we discuss and learn about the future of different industries, markets, and technology verticals. Together we'll chat with leaders and experts in the field and discuss how we can shape the future human experience.