Technology trends in healthcare — 2016 Edition

Apr 6, 2016 · 3 min read

EMR integration. Addressing community health needs with activism and technology. Data visualization. There’s no shortage of healthcare-related opportunities and challenges to deconstruct and synthesize. On March 22, MobCon Digital Health, MentorMate, the Medical Alley Association and a panel of selected speakers representing different subsectors in the local community came together to continue the conversation around technology trends in healthcare.

The panel included MentorMate CEO, Björn Stansvik; Player’s Health CEO, Tyrre Burkes; Lead Organizer of, Glafira Marcon and Sansoro Health CEO, Jeremy Pierotti. The speakers were moderated by the President and CEO of the Medical Alley Association, Shaye Mandle.

State-of-the-state healthcare in Minnesota

The discussion began with the panelists sharing perspectives about what was going right in the region — and what needed improvement. Glafira called out the need for businesses to clearly articulate the solutions they are solving to fully realize the adoption potential. Jeremy sounded the need for patients to access their complete health records. For Björn, solutions must remain grounded in clinical results and focused on value adherence.

For Tyrre, a core issue wasn’t in data collection. Instead, he wanted to see that data recorded more thoughtfully. When an athlete comes into the emergency room with a broken ankle and the data is logged, that might not tell the whole story. For tools like Players Health to achieve their potential and provide a complete database of sports injuries and associated costs for youth, the cause of that ankle break should be recorded also.

Glafira built on the need to reimagine our uses of data and find better ways to visualize it.

While the group answers varied in analyzing opportunities for improvement, they generally came to a consensus on what was going right: A focus on population healthcare.

Greater sources of medical data can effectively help diagnose or prevent illness on a large scale. With more comprehensive and accessible health technologies businesses and providers can better identify and track trends in communities, age groups and populations already suffering from illnesses.

“This could really help in terms of where we start before getting into chronic illnesses in adults,” said Tyrre Burkes, the CEO Player’s Health.

Watch the recap

Following the funding — spend in healthcare

When the conversation turned to funding, Shaye asked the $65-million-dollar question: Are the current investment trends (listed as $65 million) to realize technology trends in healthcare and industry-wide solutions enough?

“I understand how 65 million seems like a lot of money,” Glafira said. “But, I work with around 40 startups on a daily basis, and I would be misrepresenting them if I said 65 million was enough. They would all, or most, say no.”

Glafira noted that more could be done to break down the barriers to access the funding and spread it more equitably between the startups.

For Jeremy, the investment dollars are a definite boon. But, startups shouldn’t rely on them. Instead, they should demonstrate that they can establish a steady customer base on their own, so they remain solvent even after investment dollars run out.

Advancing the arena of the possible

Looking forward, Björn sees a need to strengthen the co-creation of care networks to provide the right care at the right time.

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