Nikhil Krishnan is a research analyst at CB Insights. His research focuses on biotechnology/drug development, digital health, autonomous vehicles, and consumer products. He is a graduate from Columbia University, and has worked at several other startups in the past, including Relationship Science, Global Thermostat, and Uber. His research has been featured several times in the Wall Street Journal, Bloomberg, New York Times, and Reuters.
Nikhil publishes a weekly digital health newsletter, with content focussed on examining how startups and corporations are approaching the intersection of healthcare and technology.
Nikhil will host a session, Healthcare 2.0: Macrotrends Shaping Healthcare Delivery, on Thursday, December 14 (9:05 a.m.) at the upcoming MedTech Impact Expo & Conference. For more information and to review the full agenda, click here.
ThinAir, a security startup whose mission is to allow organizations to detect and investigate insider threats in seconds, has launched a new interface and impact assessment tool, ThinAir 2.0 – a conversational interface that allows for quick assessments of security incidents and their financial impact. The new tool – which the developer describes as “siri for Security” is among a number of new security technologies being introduced to help combat the data security breach epidemic.
It seems every time we turn on the news these past few years, there are reports of yet another massive data breach or identity theft story. According to research from the Identity Theft Resource Center (TRC) and CyberScout, healthcare data accounted for more than 34% of reported breaches in 2016. As one technology makes it harder for fraud to occur (i.e. the introduction of micro-chipped credit cards to the US in 2015), criminals focus on other avenues to commit fraud. Unfortunately, criminals aren’t the only ones causing these breaches; according to the same report, employee error or negligence was the leading cause for healthcare data breaches in 2016, with 43 reported incidents exposing 1,183,893 records. Aside from employee error, 3rd party businesses, associates and subcontractors also exposed 4 million records in 2016. Hacking and cyber-attacks aside, basic misuse of customer service login information, privilege misuse (abuse of privilege to access data for illegitimate purposes), and miscellaneous errors such as losing a physical folder of documents, or sending an email to an incorrect address, are among the most common reasons healthcare data is breached. As a matter of fact, the healthcare industry is the only industry where employees are the predominant cause of data breaches.*
While these statistics are alarming, there are steps healthcare institutions and practices can take to head off these breaches: making sure antivirus and operating systems are up to date, using encryptions and secure passwords, and making sure cloud based systems are paired with reputable and high-level security. Ongoing assessment and monitoring proves useful when unforeseen circumstances do cause a breach, and make it easy to investigate quickly and take action.
That’s where products like ThinAir 2.0 come into play, where quick access is critical when handling healthcare data. Quickly detecting and containing breaches lowers risk, and ultimately cost. “As information becomes the primary asset for today’s organizations, ThinAir’s technology provides visibility and impact assessment,” said Tony Gauda, founder and CEO of ThinAir. “We turn analysts into superheroes by surfacing all user-information interactions, with simplicity and speed.” ThinAir is HIPAA, and SOC-2 (Type 2) compliant as well as ITAT/EAR compliant, is authorized to manage sensitive data for a variety of industries and can help organizations achieve compliance.
Data breaches can significantly damage a healthcare organization’s reputation and result in loss of trust, or worse, patients entirely. Making sure to have proactive and secure processes, assessment, monitoring and investigative tools seems like a better plan.
The U.S. Department of Education announced Osso VR as the winner in the EdSim Challenge, which called for virtual reality, video game developer, and educational technology communities to submit concepts for immersive simulations that will prepare students for a globally competitive workforce and spur an ecosystem of virtual and augmented reality technology in education.
Five finalists were selected out of 249 submissions. Each finalist received $50,000 in cash as well as in-kind prizes from Oculus and Samsung, and refined their submissions during the Virtual Accelerator phase. Finalists presented playable prototypes to the judges at Demo Day on September 18, 2017, where a live audience joined the Challenge judges at the Department Of Education to see the five finalists compete for the $430,000 grand prize. The winner was recommended by a panel of judges with expertise in education, gaming, workforce development, emerging technology, and venture capital.
Osso VR is a hands-on surgical training platform that enables users to practice cutting-edge techniques through realistic, hands-on simulations, bridging the gap between career exploration and career preparation. They won $430,000 in cash and additional in-kind prizes from IBM and Microsoft.
Learn more about each of the five finalists’ simulations here.
Learn more about Osso VR at the 2017 MedTech Impact Expo & Conference in Las Vegas, December 14-15, where Justin Barad, Founder & CEO of Osso VR and editor of medgadget.com will moderate a panel session, New Realities in Medicine – Exploring the Virtual and Augmented Horizon. Other speakers in the session include Arshya Vahabzadeh, M.D., Chief Medical Officer at Brainpower, Matthew Stoudt, CEO of AppliedVR, Carrie Shaw, CEO of Embodied Labs, and Osamah Choudhry, CEO at MediVis. LEARN MORE.
In 2012, the Center for Disease Control (CDC) indicated about half of all adults (117 million people at the time) had one or more chronic health conditions. By 2014, seven of the top 10 causes of death were chronic diseases, with heart disease and cancer accounting for nearly 46% of all deaths each year. The costliest (86% of the nation’s $2.7 trillion annual health care expenditures) chronic health problems like heart disease, stroke, cancer, type 2 diabetes, obesity, and arthritis, are among the most prevalent, and continue to be on the rise. Considering lack of exercise or physical activity, poor nutrition, tobacco use, and excessive alcohol consumption is linked to most of these diseases – they also are the most preventable and reversible. However, compliance in lifestyle change, monitoring and medication management of chronic disease has proven to be a great challenge for clinicians and patients alike. Thanks to innovations and advancements in technology, this is becoming more accessible and convenient for both patient and clinician.
One innovator now offers a solution that supports patient follow up, development of treatments and the ongoing need for study into these conditions, the Byteflies Exploration Kit and data platform. Byteflies, a Belgian-American wearable health start-up, has introduced high precision wearable sensors and a data platform that remotely tracks patient vital signs, from blood flow (PPG) to electro-dermal activity (EDA), electrocardiogram (ECG), motion, respiration, and electromyogram (EMG). The platform is based on insights gained through practical use cases and decades of experience in healthcare and technology applications, and uses extend beyond heart rate measurement.
“When it comes to monitoring health, wearables have incredible potential. However, a wristband that counts steps and measures heart rate just won’t cut it when you’re developing solutions for Parkinson’s disease, pulmonary and cardiovascular conditions, hypertension, or epilepsy,” explains Hans Danneels, CEO and co-founder of Byteflies. “You need to be able to measure raw, accurate data – the kind of data collected in hospitals.” Their technology is currently used by universities and pharmaceutical companies for detection of epileptic seizures, blood pressure trends, balance, and fatigue.
Advancements and innovations in wearable devices like Byteflies wearable monitors and data platform, smart clothing and footwear to monitor activity and vitals, apps for patient reporting and communication, smart contact lenses monitoring glucose levels, and ingestibles to monitor medicine levels and conditions such as glucose level in diabetics, will help the industry take a much-needed turn to better management, monitoring and prevention. Convenience and ease-of-use for patients has shown promise with increased compliance, allowing physicians to take a more proactive approach in monitoring and treatment. While wearables won’t solve the chronic disease concerns, and not all patients will understand or be willing to comply, it signals the beginning of a shift and not just a trend. Availability is increasing, costs are declining and medtech for both physicians and patients is more widely accessible – all a progress in helping clinicians offer more effective care for their patients.
Education and information in medical technology for clinicians, healthcare execs and ACO’s is critical in the ever-changing field of medicine. Get valuable insight, learn from industry leaders and connect with fellow medical professionals on technology and better patient care, all while exploring the latest innovations in medtech at the 2017 MedTech Impact Expo & Conference in Las Vegas, December 14-15, 2017. Learn more.