December 14-15, 2017

MedTech Impact 2017

Venetian/Palazzo Resort

Las Vegas, NV

(561) 893-8633

info@medtechimpact.com

News & Insights

MEDTECH IMPACT MEDICAL TECHNOLOGY NEWS

Investing in Digital Health

Several of the world’s largest and most successful companies are investing in digital health, including Amazon, Google, and Microsoft. Amazon is heavily investing in health, across a number of different areas, and Google is likewise “ramping up its health cloud business.” Apple and Nokia recently announced a partnership on digital health, designed to advance medical support.

Amazon has also recently landed a health-tech hire from the company Box, a cloud content management and file sharing service for businesses. Missy Krasner, who previously helped build the cloud storage company’s health product, will transition to Amazon. Krasner was also a founding member of Google Health, the company’s online medical records and wellness platform.

One of the primary difficulties in the sphere of healthcare is its aging and fragmented infrastructure, which is exacerbated by high costs and personnel constraints. Cloud computing provides file sharing, collaboration techniques, and other tools for working with files that are uploaded to its servers. In terms of healthcare, these platforms combine the most advanced cloud technology and information security in order to increase business agility and reduce costs. Other innovations like telemedicine, predictive diagnostics, wearable sensors, and an abundance of new apps will transform the way we manage health.

How Virtual Reality Can Change Medical Technology

Extensive research and data indicate that Virtual and Augmented Reality have the potential to change the face of medical technology: more importantly, the ways in which medical device designers operate, innovative, and create.

Yet the technologies have inevitable hurdles to overcome, despite the enormous progresses and successes in the past decade. While patients are incontrovertibly benefiting from the experience of virtual reality in certain areas, experts agree that in order for AR and VR to “disrupt” medical technology, the intrinsic challenges must be explained, understood, and faced.

One of the first hurdles that must be tackled is consumer adoption. According to expert Brandon Bogdalek, a consultant for advanced development with Minneapolis-based firm Worrell, the high cost of advanced VR and AR platforms (which ranges fro hundreds to thousands of dollars) creates a barrier between product and consumer. While large medical device and pharmaceutical companies have the funding and resources to create products, the general public is largely unable to access the technology.

Moreover, the high-priced AR and VR headsets are often not mobile, as they are tied to computers. Consumers are generally used to constant access to digital content via smartphones, yet most AR and VR technologies are tethered to computers and not yet mobile.

The speed at which AR and VR experiences operate is also an issue, as slow network speeds would ultimately spur issues related to ‘bandwidth and latency.’ Bogdalek states that, in order to effectively utilize the technology, “You are going to need to have the speed and the quality of the experience that you are looking for.”

Perhaps most importantly, like any other technologies that are connected, the platforms of AR and VR may be vulnerable to cyber attacks, which becomes an increasingly critical and serious issue when related to healthcare applications. Because companies want to protect patient information, it is imperative to know that the technology is protected and secure.

The objective of the MedTech Impact conference is to guide healthcare practitioners and professionals through the process of implementing practices and protocols related to digital medical technologies, and adapt to—and more importantly, advance—the evolving sphere of healthcare. Attendees will learn how to incorporate AR and VR elements, in addition to a host of other new and emerging technologies, into practice: the chance to be at the true forefront and future of medical healthcare.

Announcement of NHS Funding

An announcement from the government has recently stated that the National Health Service–the publicly funded national healthcare system for England, and the largest, oldest single-payer healthcare system in the world–will receive £86 million worth of funding over the next three years.

This effort is designed to spur innovation, and help firms further develop medical advancements and technology. The release states that businesses will have the opportunity to ‘bid for funding’ in order to aid developments, which could potentially run the gamut from digital technologies to new inventive medications.

The Innovation Agency, one of England’s 15 Academic Health Science networks, will receive £39 million worth of the funding, and a Digital Health Technology Catalyst–which constitutes £35 million of the cumulative package–will support organizations within the industry, as they collectively work to develop new digital technologies.

Dr. Liz Mear, chief executive of the Innovation Agency, has stated: “The Academic Health Science Networks support the healthcare system to quickly identify and spread new, better and cheaper ways to deliver services for patients and populations…We will build on our existing track record of matching products to challenges and directing our networks and expertise to assess innovations and speed up their spread across the country.”

Since its inception in 2013, the work developed by the Innovation Agency has benefited six million people, and the institution has spread over 200 innovations across the healthcare system.

Agenda Announced for 2017 MedTech Impact Expo & Conference in Las Vegas

New medical conference and expo to focus on innovation and integration of technology in order to drive patient care and promote overall health

NEW YORK, June 22, 2017 –  MedTech Impact Expo & Conference today released the 2017 agenda for its medical technology-focused conference, taking place December 14 – 15 at the Venetian/Palazzo Resort in Las Vegas, Read More

Agenda Announced for 2017 MedTech Impact Expo & Conference in Las Vegas

Announcing New Partnership with the Society of Physician Entrepreneurs

MedTech Impact is excited to announce a new partnership with the Society of Physician Entrepreneurs, a nonprofit that functions as a community-based platform for biomedical and healthcare entrepreneurs to connect and collaborate. The partnership brings SoPE and its president Alren Meyers, MD, MBA into an advisory board position, designed to assist with development of the 2017 conference program focused on innovation in medical technology. SoPE will also host a breakout session during the two-day conference that highlights innovative ways in which to advance and further develop the ever-changing field of healthcare.  For more information about the 2017 conference agenda, visit www.medtechimpact.com