How Big Tech is Getting Involved in Your Health Care (bendbulletin.com)
Apple's financing a study to see whether irregular heart rhythms can be detected with an Apple Watch. But that's just the beginning, according to a New York Times article shared by Templer421:
As consumers, medical centers and insurers increasingly embrace health-tracking apps, tech companies want a bigger share of the more than $3 trillion spent annually on health care in the United States, too... The companies are accelerating their efforts to remake health care by developing or collaborating on new tools for consumers, patients, doctors, insurers and medical researchers. And they are increasingly investing in health startups. In the first 11 months of this year, 10 of the largest tech companies in the United States were involved in health care equity deals worth $2.7 billion, up from just $277 million for all of 2012, according to data from CB Insights, a research firm that tracks venture capital and startups.
Each tech company is taking its own approach, betting that its core business strengths could ultimately improve people's health -- or at least make health care more efficient. Apple, for example, has focused on its consumer products, Microsoft on online storage and analytics services and Alphabet, Google's parent company, on data... Physicians and researchers caution that it is too soon to tell whether novel continuous-monitoring tools, like apps for watches and smartphones, will help reduce disease and prolong lives -- or just send more people to doctors for unnecessary tests. There's no shortage of hype," said Dr. Eric Topol, a digital medicine expert who directs the Scripps Translational Science Institute in San Diego. "We're in the early stages of learning these tools: Who do they help? Who do they not help? Who do they provide just angst, anxiety, false positives?"
The article notes Amazon's investment in cancer-detection startup Grail, Apple's investment in the Beddit sleep monitor, and Alphabet's acquistion of Senosis Health, "a developer of apps that use smartphone sensors to monitor certain health signals."
Alphabet also has a research unit developing tools to collect health data, and it's already financed "Project Baseline," in which 10,000 volunteers have agreed to testing of their blood, mental health, and DNA, as well as monitoring of their skin temperature, heart rate, and sleep patterns.
Each tech company is taking its own approach, betting that its core business strengths could ultimately improve people's health -- or at least make health care more efficient. Apple, for example, has focused on its consumer products, Microsoft on online storage and analytics services and Alphabet, Google's parent company, on data... Physicians and researchers caution that it is too soon to tell whether novel continuous-monitoring tools, like apps for watches and smartphones, will help reduce disease and prolong lives -- or just send more people to doctors for unnecessary tests. There's no shortage of hype," said Dr. Eric Topol, a digital medicine expert who directs the Scripps Translational Science Institute in San Diego. "We're in the early stages of learning these tools: Who do they help? Who do they not help? Who do they provide just angst, anxiety, false positives?"
The article notes Amazon's investment in cancer-detection startup Grail, Apple's investment in the Beddit sleep monitor, and Alphabet's acquistion of Senosis Health, "a developer of apps that use smartphone sensors to monitor certain health signals."
Alphabet also has a research unit developing tools to collect health data, and it's already financed "Project Baseline," in which 10,000 volunteers have agreed to testing of their blood, mental health, and DNA, as well as monitoring of their skin temperature, heart rate, and sleep patterns.
Than field "WebMD" questions from their patients whenever one these home health monitors blinks red for spurious reasons.
I don't want any of these parasitic corporations sticking their greedy hands into healthcare.
Soon we'll be able to brag about our cholesterol level on Facebook :)
tech companies want a bigger share of the more than $3 trillion spent annually on health care
Each tech company is taking its own approach, betting that its core business strengths could ultimately improve people's health -- or at least make health care more efficient.
Nope, had it right the first time. They don't care at all about patient outcomes unless of course it means they can stand on a stage and take credit for whatever good it does as if they personally cured the disease.
As soon as an Uber for health care arises, I'm downloading the app.
Each tech company is taking its own approach, betting that its core business strengths could ultimately improve people's health -- or at least make health care more efficient
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They don't want a slice of the $3 TRILLION healthcare market; that implies that other will give up their revenues. They want to ADD to it.
So, the insurance company - who isn't going to do anything to reduce their revenues - will demand that we wear $$$$ tech device to reduce their claims and costs (increasing their profits) - at OUR expense (OK, maaayyyybe with a small token reduction in premiums).
We have the worst and most expensive healthcare system in the Industrialized World and all these claims are just nonsense so they can get their hooks into the healthcare industry and drain our finances even more.
Thanks to losing the genetic lottery, I'll be going deeper into medical debt in '18 - and ruining my credit because I have no choice but to make a lot of medical for profit businesses eat it; a bankruptcy lawyer a bit richer and ruined credit for 7 years.
Happy New Fucking Year.
They're going to take all this biometric data and use it to further flesh out the profiles they have of every single person on the planet they can get to, and sell that data to marketers and who knows who else. None of these devices or apps are legitimate Medical Devices, they don't have to be approved by the FDA, and they don't have to adhere to HIPPA regulation either, so they can do whatever they want with the data and you have no say in it -- other than not using any of them to start with, and oh by the way ditch your smartphone if you want any modicum of privacy.
When I was in NYC I went to a bunch of meetings. One of them had a Venture Capital guy talking about what sort of business was likely to get funding. Healthcare tech firms were likely to get backed, but only if they collected a lot of user data and had a lock in.
As someone who works in your field, please fuck off. Your incessant tracking and monetization of social interaction has destroyed a large part of what I once loved. Please stay the hell away from my healthcare.
P.S. I am not a product. People stopped being products in this country when we ended slavery.
Sincerely AC
Looking for a new host.
betting that its core business strengths could ultimately improve people's health -- or at least make health care more efficient
For a lot of tech companies, core strengths primarily include raping customers for their data. And then apply "AI" to turn that data into "insights" that they can sell to other companies keen on raping those customers some more. Sounds like a great fit for health care.
Maybe that's a bit cynical. But medical data is something to be particularly careful with, and a lot of these tech companies don't exactly have a great track record of respecting privacy.
If construction was anything like programming, an incorrectly fitted lock would bring down the entire building...
A big problem, Medical tech market stinks, monopolies, no real standards that work 100%, no open source, no real interconnectivity that works well.
They still use fax in many places its so bad.
We got the big monopoly megacorp EPIC that uses its per user fee and dominance as a stranglehold on medical records. Not part of a network, ok, we can FAX you the information. WTF...
The reason the US pays so much, we have too many middle men that are charging for everything rising the costs, there's no low cost open source solutions for everything, but the companies use TONS of opensource middle themselves.
A leading cause for expensive software, government regulations have to be devloped into existing medical software. If you pass a bill, that costs is going somewhere, new revisions, some vendors own most of the market, book, expensive upgrades, end user is gonna pay for it with higher medical insurance paying for it.
https://en.wikipedia.org/wiki/...
TIL, Medical IT is a shitshow of closed source, over regulation and monopolies that are making everything expensive thats driving up costs.
... is that it drags along Big Marketing's involvement. The Big Tech companies are not in this in order to help people, but to open up a new data collection stream, and subsequently a new revenue stream. This would be a great idea if I could trust Big tech with my health data but, as Microsoft has shown with Windows 10, Big Tech is more interested in aggressive data collection than customer privacy..
I asked my dentist (who's heavily involved in medical/dental research at Tufts) about health research, and he noted that health care has a lot of diagnostic techniques that can't be used.
He explained that the insurance companies are afraid the new diagnostics will turn up problems in people that otherwise wouldn't be found until they're too late to fix and that, actuarially speaking, it's cheaper to let the problems go on and let the patient die. Also, it's possible the patient would die from random chance before the condition is found.
I have no idea if this is correct, but I can remember lots of "promising new" techniques and devices here on slashdot and other places over the years - yet the last new device that we actually got is the MRI.
(And for the longest time your insurance company wouldn't pay for an MRI - even though it was in widespread use - because it was deemed "experimental".)
No wonder health insurance is so expensive.
The average American's headlong rush to have their every step, tic, twitch, friend, activity, and Web search monitored by big corporations, is going to make it so that NOBODY can get health insurance without signing up for 24/7 monitoring of every fart, belch, heart flutter, and midnight snack. Stick a fork in Privacy's ass and turn it over, 'cause it's falling-off-the-bone done, courtesy of folks who are too stupid to have a clue of where their own TRUE self-interest resides. Fuck me gently with a chainsaw - it'd be kinder than seeing myself sold down the river by a bunch of bleating sheep masquerading as humans. Christ, even the button I'm about to click on is telling me to Submit!
'The Economy' is a giant Ponzi scheme whose most pitiable suckers are the youngest among us and the yet-unborn.
I live in Sweden and here you only get treatment if you are dying (and lucky). Ain't socialism wonderful?
The only way that economics 101 allows healthcare prices to skyrocket while the quality of health care goes through the basement, especially in the presence of an apparent free market and healthy insurance market, is that a very few folks, enough to collude, own both. If you own the insurance AND the healthcare then you can be okay charging $400 for a doctors office visit to a primary care physician instead of the $100 it was 10 years ago. This is because you aren't paying that $400 to the doctor, you are paying them the same $75 for 15 minutes they also made 10 years ago, and you are keeping the $325.
The only way that our implosion of quality can coincide with such a vast expansion of insurance, allegedly a much wider market with more demands, and more ability to push prices lower, is collusion. It is not a free market.
Therefore, I hope high tech eats them both. I hope google or amazon find the holes in the laws that they engineered, and sucks all their money out. Whomever it is that engineered it, they are literally "drinking blood". They are literally profiting at an increase of suffering, an increase of loss of quality of life, and an increase in loss of duration of life. Whoever engineered the system, I personally think Mr. Berkshire Hathaway and Obamacare are part of it, is drinking blood. They deserve to to have their blood drank.
It would be really freaking ironic, laser guided karma perhaps, if one of the Chinese companies cracked the code. I hope Jack Ma, or Andrew Ng does it. They can bleed out these predators until actual market economics can kick back it. It might be the only thing that could save the US healthcare system.
For the morons who invented the massive parasite: it kills the organism. You should figure out the damage already done, because China and India already have and are already staged for substantial health tourism. Federalizing healthcare, for the profit of the parasite, means the system already died. If you can't measure that, then you shouldn't be in business, because you can't measure anything, and someone else (your better) has been doing your thinking for too long.
- Formerly (a Zen and the art) Phadreus
Venture Capitalists, the "investors", don't give 1 sh!t about improving lives, they only care about making money. Case and points: The VC's the purchased the rights to the blindness gene therapy shot - $1 million for the treatment. Because, they figure they deserve a percentage of how much more you will earn by not being blind .... or the VC's that purchased the rights for the leukemia shot.. that's right a shot that cures leukemia - can be yours for $700K.. It's important to note that most people have lifetime maximum of $1m or $2m on their health care policies. So really 1 treatment of either of these and it wipes out your health care usage for the rest of your life.
Or what about Elizabeth Holmes & Theranos... she doesn't care about lives, only making hers better with regard to fame and fortune - no matter who gets hurt.
No, the trend is investment backed health care the requires enormous profits. The US will soon be a country of heath for the wealth only.
The average American's headlong rush to have their every step, tic, twitch, friend, activity, and Web search monitored by big corporations, is going to make it so that NOBODY can get health insurance without signing up for 24/7 monitoring of every fart, belch, heart flutter, and midnight snack. Stick a fork in Privacy's ass and turn it over, 'cause it's falling-off-the-bone done, courtesy of folks who are too stupid to have a clue of where their own TRUE self-interest resides. Fuck me gently with a chainsaw - it'd be kinder than seeing myself sold down the river by a bunch of bleating sheep masquerading as humans. Christ, even the button I'm about to click on is telling me to Submit!
with single payer, your health costs are just paid for, no need for justification or fraud or lies or any investigation of any of that stuff
When it comes to life expectancy, Cuba is on par with US, but spending 3 time less money for health. I am not sure the fix for US is to add more greedy mega-corporations to the system.
I'd be rather interested in whether you can detect an Apple watch based on cardiac arrhythmia.
iDoc - Robin Cook's book "Cell"
I have no interest in a connected watch product. However, should the Apple watch or a third-party watchband that connects to an Apple watch start to offer the ability to monitor my blood sugar levels 24/7 in real time ... this can't be said too strongly ... I will buy one. Period, Full Stop.
Obviously this means that the way forward for the watch products is through Health Care. It has massive potential, actually.
So, when the first big company gets sued for not properly securing their patients, **ahem**, their customers' device history (and other related data), where will the finger-pointing begin and end --I'm looking at you, Fitbit, but it may as well be newer cellphones.
I can see engineers blaming it on having to use third-party data-storage platforms... then board members claiming their company and devices are clearly not a physician or to be interpreted as one, therefore can't be liable for violating any health-related law.
But that won't help any of the people who's health profiles are there for anyone to scrutinize, whether it's a possible employer, insurance company, or the general electorate. Cue the jokes about possible scenarios...
No sig for you! Come back one year!