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In this video, panelists discuss various topics related to the impact of healthcare technology on providers, patients, and investors. They stress the importance of preventing age-related chronic diseases, investment in companies that address this issue, and the role of big tech companies in the healthcare industry. They also explore the potential of telemedicine, virtual reality in healthcare, personalized medicine, data ownership, and the impact of home design on healthcare outcomes. The speakers acknowledge the challenges faced by doctors and the need for open conversations to address them. Despite the challenges, they believe that healthcare is still a noble profession and would recommend their children go into it.
In this section, the panel discusses the future of healthcare technology and the impact on providers, patients, and investors. While there has been a lot of focus on mRNA developments for COVID-19, the panel emphasizes the need to focus on preventing age-related chronic diseases, which account for 90% of healthcare spending. They suggest that investing in companies that address this issue will be critical in the future. However, there is still excitement around the potential of mRNA technology in treating infectious diseases like HIV and coronavirus, and the panel predicts that such technology will only become more efficient and effective. Overall, the panel stresses the importance of prevention and wellness as a key focus for the future of healthcare.
In this section, the speaker explains that the healthcare sector is undergoing a messy paradigm shift, where the industry is being unbundled into smaller innovations that will eventually re-bundle into a more efficient system. The speaker cites mRNA vaccines, which were developed over 20 years ago but were only recently applied due to the COVID-19 pandemic, as an example of this process. The speaker acknowledges that this messy process involves behavioral changes and human adoption, making the shift more challenging to achieve. The speakers then discuss the delivery of healthcare and the need for healthcare providers to change how they look at disease and share information in a way that is engaging and empowering for patients. They also point out that some giants are moving into the healthcare industry, such as Amazon, Google, and Apple, who have a lot of capital and are very connected to our lives, and discuss how this is shifting the tectonic plates of the healthcare industry.
In this section, the speakers discuss the future of healthcare and the role of technology in it. While big tech companies like Amazon and Apple are entering the healthcare industry and acquiring hospitals, the speakers argue that the future of healthcare will not necessarily be about more technology but rather about understanding how to live a healthy lifestyle through low-tech means such as better sleep, managing stress, and maintaining strong social connections. The speakers emphasize the importance of understanding our own behaviors and thought processes as the key to achieving better health rather than relying solely on data-driven solutions. Nevertheless, they acknowledge that big tech companies will play a significant role in the healthcare industry as they possess the tools necessary for understanding data and for making it possible to achieve a more human-centered, low-tech approach to healthcare.
In this section, the speakers discuss the different approaches to healthcare taken by traditional healthcare companies and technology giants like Amazon, Google, and Apple. The big tech companies focus on the needs of the customer, whereas healthcare companies treat healthcare as a product to be delivered to an audience. The speakers also discuss Amazon's acquisition of One Medical and how it affects trust in healthcare providers. They reflect on the convenience of telehealth during the pandemic and how patients still crave human interaction in their healthcare experience. Overall, they emphasize the difficulty in achieving success in healthcare, regardless of company size.
In this section of the discussion, the participants discuss the future of telemedicine and virtual reality care. While they agree that telemedicine is here to stay, they note the importance of human interaction with healthcare providers. They examine virtual reality, augmented reality, and machine learning in the context of healthcare with examples such as digital tools that assist in surgical education and the measurement of stress and aging. They also envision possibilities such as real-time alerts for patients on monitoring their heart rates and the use of VR to fight phobias and mental health issues. Overall, they see great potential for virtual reality in healthcare, acknowledging that we have only seen the beginning of what is possible.
In this section, the speakers discuss the use of technology in health and how it can be utilized to personalize medicine and understand how the brain works. They mention that technology can help patients understand what they're going through in different stages of their lives and how they can adapt to it. By analyzing the response from the signal, technology can personalize treatments for various mental and physical conditions. They also talk about the Wellhome, which is designed for people living with chronic illnesses and explores the idea of how technology can work with aging. The speakers believe that once technology is paired with clinical treatment, better outcomes can be expected by improving overall healthcare metrics.
In this section, the speakers discuss the impact of home design on healthcare outcomes and the development of the Well Home initiative. They acknowledge that healthcare providers are not trained to address the direct impact of home environments on health. However, they propose that habits are formed by how we inhabit our homes, and if we can design our way out of sickness we can improve healthcare outcomes. The section then transitions to the unpopular topic of healthcare billing and payment, which both patients and providers find frustrating. The speakers note that health insurance dictates what physicians can and cannot do, which is a major obstacle that contributes to burnout and causes physicians to leave clinical medicine. They also discuss the flaws of electronic health records (EHRs) which were originally created for billing systems, but are now being retrofitted for healthcare purposes and not working well. The speakers suggest that new doctors may value freedom and time over increased revenue, posing a challenge to the current healthcare and billing models.
In this section, the panel discusses the importance of data ownership and how it will shift the billing system in healthcare. With big giants such as Amazon and Apple wanting access to personal data, owning and investing in one's data is crucial. The discussion shifts to the merging of Eastern and Western medicine, as well as exciting developments in neuroscience, brain utilization, and empowering patients to take care of their own bodies. By utilizing tools to understand one's current health and longevity strategy, individuals can negotiate with the billing system and payers to achieve a better understanding of their healthcare.
In this section of the video, the speakers discuss how health tech has empowered consumers by giving them a more direct and affordable way to access health information and tools. With apps and gadgets like CGMs and wearables like Aura and Whoop, people can now monitor their health and well-being in real-time, and use the data to identify markers that may signal deviating from normalcy before symptoms arise. They also acknowledge the concern about privacy issues and how companies use the collected data, citing Fitbit's challenge when an organization tracked their employees' movements.
In this section, the panel discusses the power of data in healthcare and its implications for providers, patients, and investors. While some express concerns about data ownership, others note that patient data can be powerful in the hands of healthcare companies, like CVS and Apple, who are investing heavily in the industry. The panel also touches on the issue of healthcare literacy for providers and how technology is changing the traditional power dynamics between patients and providers. The discussion ends with a personal question from an audience member about wearables for her mother, highlighting the growing interest in remote monitoring and telehealth.
In this section, the speakers discuss organizations in the remote patient monitoring category such as BioFormus and Huma who track and monitor individuals based on the biometrics that are being tracked for a specific condition. They also discuss whether younger generations are considering the medical field as a possible career path, given the stress and workload in the medical field. The speakers believe that while younger generations are still very interested in having mission-driven professions, they want to do it in an efficient way, where they can save people from preventable diseases or cure them, frustrated by healthcare issues or bidding issues. Despite burnout and stress, the speakers believe that the medical profession is still worth pursuing.
In this section, the panelists discuss the dilemma faced by doctors in terms of the expectations vs reality of their profession, which can be very frustrating at times. The younger generation is looking for freedom and time, leading to a resilience issue. However, in today's scenario, continuity of care is required, so the root cause of these issues needs to be addressed and open conversations should happen. Despite the challenges, the panelists agreed that healthcare is still a noble profession and would recommend their children go into it.
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