SlideShare a Scribd company logo
Afik Gal, 2014
The newest version of this document can be found at
http://severalthingscometomind.com
1. Category definition
2. Sources of value (SOV) matrix
3. Behavior change capabilities matrix
4. Fit with conventional medicine
5. Business Model
6. Adoption
7. Potential revenue streams
Useful:
• By disease (e.g. diabetes, mental health)
• By use case(e.g. disease management, acute care, prevention, wellness)
• By task
– Guidance + Monitoring +Feedback (disease management)
– Administrative (e.g. scheduling, care coordination)
– Screening/Diagnostics
– Education
– Support (e.g. incentives, coaching)
– Accessibility, cost reduction
– Adherence/Compliance
Less useful:
• Form factor (e.g. wrist, wearables, smartphone)
• Modality (e.g. device, app, sensor, mobile phone, combinations)
• Buyer (e.g. consumer, payer, provider)
http://mhealthwatch.com/strategy-analytics-
nike-still-dominates-mobile-health-apps-23085
WellDoc AliveCor MC10 WellFrame FitBit MDRevolution
BiologicalPhysical
Hardware + +++ 0
Software ++ + 0 0
Services
Experience 0/+ +
Process 0
Algo-Recipe ++
Algo-Transform + X 0
Algo-Discover +? +? 0
Algo-Solve +?
Integration +
TradeCollaboration
Development ++
Social 0
Data ? ? ? + +
Behavior change 0 0 0 +
Table shows multiple examples that are not compared against one another. Scoring is based on comparison with comparable companies.
Behavior change is a science and its importance in digital health is often undervalued.
The following capabilities are required to facilitate behavior change:
• Triggering –identification of the right time and context to interact with the user
• Personalization – messages are personalized according to user’s needs and context
• Feedback loop – a feedback loops around the target behavior is created
• Motivation psychology – utilization of incentives, gamification, messaging, behavior
economy and other to increase intrinsic and extrinsic motivation
• Focus on habit formation – focus on long term maintenance of the behavior
• Continuous improvement – the behavior change intervention is constantly tested and
improved based on data collection and analysis (e.g. A/B testing)
WellDoc Pact OMSignal FitBit MDRevolution
Triggering + ++ 0 0
Personalization + + ++
Feedback loop ? 0 + 0 +
Motivation psychology ? ++ ++ 0
Focus on habit formation 0 0 0
Continuous improvement 0 +
• HCPs engagement
– Workflows - improvementadditionremoval vs.
amount of value added
– Incentives – financial? Reimbursement/other? vs. extra
efforts needed
• Legal/regulatory
• Patients
– DesignUser experience
– Agediseaselifestyle limitations
http://medcitynews.com/2014/05/mobile-health-companies-need-make-technology-clinically-
relevant/
• Solution value proposition: set of benefits for each type
of buyeruser (comparison is easier using a taxonomy
such as Osterwalder VP Canvas)
• Traction >> Evidence ≥ Perception
• Friction required to get to the market
– Depends on buyer/user and the use case
– Risks: execution (time, money), differentiation, early
mover advantage
– Addl. barriers when targeting HCPs- FDA approval,
clinical trials, CEREBM, HCPs education
• Digital health is mostly in the ‘Early adopters’ phase
• Wellness appsactivity trackers and Telemedicine are a
bit further ahead on the adoption curve
• There are separate adoption curves by stakeholder (e.g.
consumers, providers, payers, care givers) and separate
curves by the use case
• Ecosystem influences adoption!
– Joint creation business model
– Platform?, APIs?
– Role of solution in ecosystem
and its resilience to drastic
changes in it
• Sale (fixed fee ± recurrent consumables)
• Licensing (fee/time unit)
• Subscription (fee per user/time unit)
• Utilization (fee/consumption unit)
– Requires platform/APIs approach – usually later stage
• Rake (% of transaction)
– Requires active marketplace and platform – risky
• Professional services (fee/hour)
– Integration/installation/maintenance fees are less
common with cloud based solution
– Need for PS, can slow down adoption (e.g. Trialability)
Health
Watch hWear
iRhythm ZIO
XT patch
AliveCor
Sotera
Visi
QardioCore
Use cases Diagnostics,DM Diagnostics,DM DM DM DM,Sports
Evidence ++ + +
Fit with conventional
medicine
Additional?
Incentives?
++ ? ? N/A
Role Standalone Standalone Standalone Standalone Standalone
Hardware ++ + + + +?
Experience + +
Algo-Transform
Algo-Discover ++? ++?
Development
Social +
Data ++ ++ ?
Triggering
Personalization
Effective feedback loop
Motivation psychology
Assessment based on WWW and media data – might be inaccurate
MC10 Numetrex OMSignal Sensoria
Use cases Tech
Platform,DM
Sport Sport Sport, DM
Evidence ? N/A N/A N/A
Fit with conventional
medicine
? N/A N/A N/A
Role Platform Standalone Standalone Standalone
Hardware +++ + + +
Experience + + +
Algo-Transform +
Algo-Discover + + +
Development +
Social +
Data + +
Triggering +++ + ++
Personalization ? ++ ?
Effective feedback loop ? ++ ?
Motivation psychology ? ++ ?
Assessment based on WWW and media data – might be inaccurate

More Related Content

What's hot

Welkom - Joost Felix - Agfa Healthcare
Welkom - Joost Felix - Agfa HealthcareWelkom - Joost Felix - Agfa Healthcare
Welkom - Joost Felix - Agfa Healthcare
Voka Health Community
 
GetPersonalized! : Your data, your choice, your healthbank, Healthbank
GetPersonalized! : Your data, your choice, your healthbank, HealthbankGetPersonalized! : Your data, your choice, your healthbank, Healthbank
GetPersonalized! : Your data, your choice, your healthbank, Healthbank
Sitra / Hyvinvointi
 
VItreosHealth
VItreosHealthVItreosHealth
White paper: Functional Requirements for Enterprise Clinical Data Management:...
White paper: Functional Requirements for Enterprise Clinical Data Management:...White paper: Functional Requirements for Enterprise Clinical Data Management:...
White paper: Functional Requirements for Enterprise Clinical Data Management:...
Carestream
 
Emerging Standards and the Disruption of HIE 1.0
Emerging Standards and the Disruption of HIE 1.0Emerging Standards and the Disruption of HIE 1.0
Emerging Standards and the Disruption of HIE 1.0
Jitin Asnaani
 
Allscripts business slides
Allscripts business slidesAllscripts business slides
Allscripts business slides
BookofPearls
 
Allscripts Presentation
Allscripts PresentationAllscripts Presentation
Allscripts Presentation
Senior Wellness Solutions
 
2019 RI Thought Leadership Campaign
2019 RI Thought Leadership Campaign2019 RI Thought Leadership Campaign
2019 RI Thought Leadership Campaign
Michael Passanante
 
UX Design to Improve User Productivity in Healthcare Registries
UX Design to Improve User Productivity in Healthcare RegistriesUX Design to Improve User Productivity in Healthcare Registries
UX Design to Improve User Productivity in Healthcare Registries
CitiusTech
 
Panorama_Marketing_Flyer
Panorama_Marketing_FlyerPanorama_Marketing_Flyer
Panorama_Marketing_Flyer
Jen (Evgeniya) Serdetchnaia
 
materials for Exhbi
materials for Exhbimaterials for Exhbi
materials for Exhbi
Dhashinamoorthy D
 
HXR 2016: Working with Cloud-based Programs - Aaron Moronez, AthenaHealth
HXR 2016: Working with Cloud-based Programs - Aaron Moronez, AthenaHealthHXR 2016: Working with Cloud-based Programs - Aaron Moronez, AthenaHealth
HXR 2016: Working with Cloud-based Programs - Aaron Moronez, AthenaHealth
HxRefactored
 
Pegwin pitch deck
Pegwin pitch deckPegwin pitch deck
Pegwin pitch deck
Douglas Dotan
 
Blockchain in Healthcare
Blockchain in HealthcareBlockchain in Healthcare
Blockchain in Healthcare
Nawanan Theera-Ampornpunt
 
FHIR Adoption Framework for Payers
FHIR Adoption Framework for PayersFHIR Adoption Framework for Payers
FHIR Adoption Framework for Payers
CitiusTech
 
Pistoia Alliance US Conference 2015 - 1.1.4 Innovation in Pharma - Chris McKenna
Pistoia Alliance US Conference 2015 - 1.1.4 Innovation in Pharma - Chris McKennaPistoia Alliance US Conference 2015 - 1.1.4 Innovation in Pharma - Chris McKenna
Pistoia Alliance US Conference 2015 - 1.1.4 Innovation in Pharma - Chris McKenna
Pistoia Alliance
 
Evidence Based Clinical Decision Support – An Enabler for Clinicians in 21st ...
Evidence Based Clinical Decision Support – An Enabler for Clinicians in 21st ...Evidence Based Clinical Decision Support – An Enabler for Clinicians in 21st ...
Evidence Based Clinical Decision Support – An Enabler for Clinicians in 21st ...
Apollo Hospitals Group and ATNF
 
The Digital Healthcare Roadmap
The Digital Healthcare RoadmapThe Digital Healthcare Roadmap
The Digital Healthcare Roadmap
Steven Rubis
 
Healthcare Data Quality & Monitoring Playbook
Healthcare Data Quality & Monitoring PlaybookHealthcare Data Quality & Monitoring Playbook
Healthcare Data Quality & Monitoring Playbook
CitiusTech
 
Med tech technology
Med tech technologyMed tech technology
Med tech technology
dconnor68
 

What's hot (20)

Welkom - Joost Felix - Agfa Healthcare
Welkom - Joost Felix - Agfa HealthcareWelkom - Joost Felix - Agfa Healthcare
Welkom - Joost Felix - Agfa Healthcare
 
GetPersonalized! : Your data, your choice, your healthbank, Healthbank
GetPersonalized! : Your data, your choice, your healthbank, HealthbankGetPersonalized! : Your data, your choice, your healthbank, Healthbank
GetPersonalized! : Your data, your choice, your healthbank, Healthbank
 
VItreosHealth
VItreosHealthVItreosHealth
VItreosHealth
 
White paper: Functional Requirements for Enterprise Clinical Data Management:...
White paper: Functional Requirements for Enterprise Clinical Data Management:...White paper: Functional Requirements for Enterprise Clinical Data Management:...
White paper: Functional Requirements for Enterprise Clinical Data Management:...
 
Emerging Standards and the Disruption of HIE 1.0
Emerging Standards and the Disruption of HIE 1.0Emerging Standards and the Disruption of HIE 1.0
Emerging Standards and the Disruption of HIE 1.0
 
Allscripts business slides
Allscripts business slidesAllscripts business slides
Allscripts business slides
 
Allscripts Presentation
Allscripts PresentationAllscripts Presentation
Allscripts Presentation
 
2019 RI Thought Leadership Campaign
2019 RI Thought Leadership Campaign2019 RI Thought Leadership Campaign
2019 RI Thought Leadership Campaign
 
UX Design to Improve User Productivity in Healthcare Registries
UX Design to Improve User Productivity in Healthcare RegistriesUX Design to Improve User Productivity in Healthcare Registries
UX Design to Improve User Productivity in Healthcare Registries
 
Panorama_Marketing_Flyer
Panorama_Marketing_FlyerPanorama_Marketing_Flyer
Panorama_Marketing_Flyer
 
materials for Exhbi
materials for Exhbimaterials for Exhbi
materials for Exhbi
 
HXR 2016: Working with Cloud-based Programs - Aaron Moronez, AthenaHealth
HXR 2016: Working with Cloud-based Programs - Aaron Moronez, AthenaHealthHXR 2016: Working with Cloud-based Programs - Aaron Moronez, AthenaHealth
HXR 2016: Working with Cloud-based Programs - Aaron Moronez, AthenaHealth
 
Pegwin pitch deck
Pegwin pitch deckPegwin pitch deck
Pegwin pitch deck
 
Blockchain in Healthcare
Blockchain in HealthcareBlockchain in Healthcare
Blockchain in Healthcare
 
FHIR Adoption Framework for Payers
FHIR Adoption Framework for PayersFHIR Adoption Framework for Payers
FHIR Adoption Framework for Payers
 
Pistoia Alliance US Conference 2015 - 1.1.4 Innovation in Pharma - Chris McKenna
Pistoia Alliance US Conference 2015 - 1.1.4 Innovation in Pharma - Chris McKennaPistoia Alliance US Conference 2015 - 1.1.4 Innovation in Pharma - Chris McKenna
Pistoia Alliance US Conference 2015 - 1.1.4 Innovation in Pharma - Chris McKenna
 
Evidence Based Clinical Decision Support – An Enabler for Clinicians in 21st ...
Evidence Based Clinical Decision Support – An Enabler for Clinicians in 21st ...Evidence Based Clinical Decision Support – An Enabler for Clinicians in 21st ...
Evidence Based Clinical Decision Support – An Enabler for Clinicians in 21st ...
 
The Digital Healthcare Roadmap
The Digital Healthcare RoadmapThe Digital Healthcare Roadmap
The Digital Healthcare Roadmap
 
Healthcare Data Quality & Monitoring Playbook
Healthcare Data Quality & Monitoring PlaybookHealthcare Data Quality & Monitoring Playbook
Healthcare Data Quality & Monitoring Playbook
 
Med tech technology
Med tech technologyMed tech technology
Med tech technology
 

Similar to Analyzing Digital Health Solutions

Golifebook key notes deck
Golifebook key notes deckGolifebook key notes deck
Golifebook key notes deck
Koda Rao
 
Health innovation think tank key takeaways
Health innovation think tank key takeawaysHealth innovation think tank key takeaways
Health innovation think tank key takeaways
Gary Grimes
 
Edgewater Technology Healthcare 2009
Edgewater Technology Healthcare 2009Edgewater Technology Healthcare 2009
Edgewater Technology Healthcare 2009
Charles Wilson
 
Building a consumer driven healthcare system of care
Building a consumer driven healthcare system of careBuilding a consumer driven healthcare system of care
Building a consumer driven healthcare system of care
Dorothy Moller
 
A Practical Guide To Implementing Bundled Payment Programs
A Practical Guide To Implementing Bundled Payment ProgramsA Practical Guide To Implementing Bundled Payment Programs
A Practical Guide To Implementing Bundled Payment Programs
Wellbe
 
Patients outcomes
Patients outcomesPatients outcomes
Patients outcomes
ResearchGuru
 
Hgp platform high flyers v4
Hgp platform high flyers v4Hgp platform high flyers v4
Hgp platform high flyers v4
spa718
 
Runsafe case study v2
Runsafe case study v2Runsafe case study v2
Runsafe case study v2
Peter Berger
 
Elevating the Health of Healthcare: A Four Step Guide
Elevating the Health of Healthcare: A Four Step GuideElevating the Health of Healthcare: A Four Step Guide
Elevating the Health of Healthcare: A Four Step Guide
Intalere
 
Health Analytics
Health AnalyticsHealth Analytics
Health Analytics
NUS-ISS
 
How to Make Postmarket Surveillance More Cost Effective
How to Make Postmarket Surveillance More Cost EffectiveHow to Make Postmarket Surveillance More Cost Effective
How to Make Postmarket Surveillance More Cost Effective
April Bright
 
Unlocking the power of digital healthcare
Unlocking the power of digital healthcareUnlocking the power of digital healthcare
Unlocking the power of digital healthcare
Health and Care Innovation Expo
 
Operation and strategy course 1.0
Operation and strategy  course 1.0Operation and strategy  course 1.0
Operation and strategy course 1.0
AbdelhamidOmarmMBAPM
 
Data management (1)
Data management (1)Data management (1)
Data management (1)
sayed drakola
 
Developing a World Leading Technology Enabled Health Programme of Research
Developing a World Leading Technology Enabled Health Programme of ResearchDeveloping a World Leading Technology Enabled Health Programme of Research
Developing a World Leading Technology Enabled Health Programme of Research
Maged N. Kamel Boulos
 
The Foundations of Success in Population Health Management
The Foundations of Success in Population Health ManagementThe Foundations of Success in Population Health Management
The Foundations of Success in Population Health Management
Health Catalyst
 
H4 Technology
H4 TechnologyH4 Technology
H4 Technology
KC Digital Drive
 
Industralized enterprise business process operations
Industralized enterprise business process operationsIndustralized enterprise business process operations
Industralized enterprise business process operations
Genpact Ltd
 
Perspectives in Commercial Health Insurance: Leveraging Information-as-a-Serv...
Perspectives in Commercial Health Insurance: Leveraging Information-as-a-Serv...Perspectives in Commercial Health Insurance: Leveraging Information-as-a-Serv...
Perspectives in Commercial Health Insurance: Leveraging Information-as-a-Serv...
Salus One Ed
 
Ravindra industrial training
Ravindra industrial trainingRavindra industrial training
Ravindra industrial training
Ravindra Chaudhary
 

Similar to Analyzing Digital Health Solutions (20)

Golifebook key notes deck
Golifebook key notes deckGolifebook key notes deck
Golifebook key notes deck
 
Health innovation think tank key takeaways
Health innovation think tank key takeawaysHealth innovation think tank key takeaways
Health innovation think tank key takeaways
 
Edgewater Technology Healthcare 2009
Edgewater Technology Healthcare 2009Edgewater Technology Healthcare 2009
Edgewater Technology Healthcare 2009
 
Building a consumer driven healthcare system of care
Building a consumer driven healthcare system of careBuilding a consumer driven healthcare system of care
Building a consumer driven healthcare system of care
 
A Practical Guide To Implementing Bundled Payment Programs
A Practical Guide To Implementing Bundled Payment ProgramsA Practical Guide To Implementing Bundled Payment Programs
A Practical Guide To Implementing Bundled Payment Programs
 
Patients outcomes
Patients outcomesPatients outcomes
Patients outcomes
 
Hgp platform high flyers v4
Hgp platform high flyers v4Hgp platform high flyers v4
Hgp platform high flyers v4
 
Runsafe case study v2
Runsafe case study v2Runsafe case study v2
Runsafe case study v2
 
Elevating the Health of Healthcare: A Four Step Guide
Elevating the Health of Healthcare: A Four Step GuideElevating the Health of Healthcare: A Four Step Guide
Elevating the Health of Healthcare: A Four Step Guide
 
Health Analytics
Health AnalyticsHealth Analytics
Health Analytics
 
How to Make Postmarket Surveillance More Cost Effective
How to Make Postmarket Surveillance More Cost EffectiveHow to Make Postmarket Surveillance More Cost Effective
How to Make Postmarket Surveillance More Cost Effective
 
Unlocking the power of digital healthcare
Unlocking the power of digital healthcareUnlocking the power of digital healthcare
Unlocking the power of digital healthcare
 
Operation and strategy course 1.0
Operation and strategy  course 1.0Operation and strategy  course 1.0
Operation and strategy course 1.0
 
Data management (1)
Data management (1)Data management (1)
Data management (1)
 
Developing a World Leading Technology Enabled Health Programme of Research
Developing a World Leading Technology Enabled Health Programme of ResearchDeveloping a World Leading Technology Enabled Health Programme of Research
Developing a World Leading Technology Enabled Health Programme of Research
 
The Foundations of Success in Population Health Management
The Foundations of Success in Population Health ManagementThe Foundations of Success in Population Health Management
The Foundations of Success in Population Health Management
 
H4 Technology
H4 TechnologyH4 Technology
H4 Technology
 
Industralized enterprise business process operations
Industralized enterprise business process operationsIndustralized enterprise business process operations
Industralized enterprise business process operations
 
Perspectives in Commercial Health Insurance: Leveraging Information-as-a-Serv...
Perspectives in Commercial Health Insurance: Leveraging Information-as-a-Serv...Perspectives in Commercial Health Insurance: Leveraging Information-as-a-Serv...
Perspectives in Commercial Health Insurance: Leveraging Information-as-a-Serv...
 
Ravindra industrial training
Ravindra industrial trainingRavindra industrial training
Ravindra industrial training
 

Recently uploaded

ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
my Pandit
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
my Pandit
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
CA Dr. Prithvi Ranjan Parhi
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
taqyea
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
2022 Vintage Roman Numerals Men Rings
2022 Vintage Roman  Numerals  Men  Rings2022 Vintage Roman  Numerals  Men  Rings
2022 Vintage Roman Numerals Men Rings
aragme
 
How MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdfHow MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdf
MJ Global
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
WilliamRodrigues148
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
DerekIwanaka1
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
SEOSMMEARTH
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
jeffkluth1
 
Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
Christian Dahlen
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
bosssp10
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 

Recently uploaded (20)

ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
2022 Vintage Roman Numerals Men Rings
2022 Vintage Roman  Numerals  Men  Rings2022 Vintage Roman  Numerals  Men  Rings
2022 Vintage Roman Numerals Men Rings
 
How MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdfHow MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdf
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
 
Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 

Analyzing Digital Health Solutions

  • 1. Afik Gal, 2014 The newest version of this document can be found at http://severalthingscometomind.com
  • 2. 1. Category definition 2. Sources of value (SOV) matrix 3. Behavior change capabilities matrix 4. Fit with conventional medicine 5. Business Model 6. Adoption 7. Potential revenue streams
  • 3. Useful: • By disease (e.g. diabetes, mental health) • By use case(e.g. disease management, acute care, prevention, wellness) • By task – Guidance + Monitoring +Feedback (disease management) – Administrative (e.g. scheduling, care coordination) – Screening/Diagnostics – Education – Support (e.g. incentives, coaching) – Accessibility, cost reduction – Adherence/Compliance Less useful: • Form factor (e.g. wrist, wearables, smartphone) • Modality (e.g. device, app, sensor, mobile phone, combinations) • Buyer (e.g. consumer, payer, provider)
  • 4. http://mhealthwatch.com/strategy-analytics- nike-still-dominates-mobile-health-apps-23085 WellDoc AliveCor MC10 WellFrame FitBit MDRevolution BiologicalPhysical Hardware + +++ 0 Software ++ + 0 0 Services Experience 0/+ + Process 0 Algo-Recipe ++ Algo-Transform + X 0 Algo-Discover +? +? 0 Algo-Solve +? Integration + TradeCollaboration Development ++ Social 0 Data ? ? ? + + Behavior change 0 0 0 + Table shows multiple examples that are not compared against one another. Scoring is based on comparison with comparable companies.
  • 5. Behavior change is a science and its importance in digital health is often undervalued. The following capabilities are required to facilitate behavior change: • Triggering –identification of the right time and context to interact with the user • Personalization – messages are personalized according to user’s needs and context • Feedback loop – a feedback loops around the target behavior is created • Motivation psychology – utilization of incentives, gamification, messaging, behavior economy and other to increase intrinsic and extrinsic motivation • Focus on habit formation – focus on long term maintenance of the behavior • Continuous improvement – the behavior change intervention is constantly tested and improved based on data collection and analysis (e.g. A/B testing) WellDoc Pact OMSignal FitBit MDRevolution Triggering + ++ 0 0 Personalization + + ++ Feedback loop ? 0 + 0 + Motivation psychology ? ++ ++ 0 Focus on habit formation 0 0 0 Continuous improvement 0 +
  • 6. • HCPs engagement – Workflows - improvementadditionremoval vs. amount of value added – Incentives – financial? Reimbursement/other? vs. extra efforts needed • Legal/regulatory • Patients – DesignUser experience – Agediseaselifestyle limitations http://medcitynews.com/2014/05/mobile-health-companies-need-make-technology-clinically- relevant/
  • 7. • Solution value proposition: set of benefits for each type of buyeruser (comparison is easier using a taxonomy such as Osterwalder VP Canvas) • Traction >> Evidence ≥ Perception • Friction required to get to the market – Depends on buyer/user and the use case – Risks: execution (time, money), differentiation, early mover advantage – Addl. barriers when targeting HCPs- FDA approval, clinical trials, CEREBM, HCPs education
  • 8. • Digital health is mostly in the ‘Early adopters’ phase • Wellness appsactivity trackers and Telemedicine are a bit further ahead on the adoption curve • There are separate adoption curves by stakeholder (e.g. consumers, providers, payers, care givers) and separate curves by the use case • Ecosystem influences adoption! – Joint creation business model – Platform?, APIs? – Role of solution in ecosystem and its resilience to drastic changes in it
  • 9. • Sale (fixed fee ± recurrent consumables) • Licensing (fee/time unit) • Subscription (fee per user/time unit) • Utilization (fee/consumption unit) – Requires platform/APIs approach – usually later stage • Rake (% of transaction) – Requires active marketplace and platform – risky • Professional services (fee/hour) – Integration/installation/maintenance fees are less common with cloud based solution – Need for PS, can slow down adoption (e.g. Trialability)
  • 10. Health Watch hWear iRhythm ZIO XT patch AliveCor Sotera Visi QardioCore Use cases Diagnostics,DM Diagnostics,DM DM DM DM,Sports Evidence ++ + + Fit with conventional medicine Additional? Incentives? ++ ? ? N/A Role Standalone Standalone Standalone Standalone Standalone Hardware ++ + + + +? Experience + + Algo-Transform Algo-Discover ++? ++? Development Social + Data ++ ++ ? Triggering Personalization Effective feedback loop Motivation psychology Assessment based on WWW and media data – might be inaccurate
  • 11. MC10 Numetrex OMSignal Sensoria Use cases Tech Platform,DM Sport Sport Sport, DM Evidence ? N/A N/A N/A Fit with conventional medicine ? N/A N/A N/A Role Platform Standalone Standalone Standalone Hardware +++ + + + Experience + + + Algo-Transform + Algo-Discover + + + Development + Social + Data + + Triggering +++ + ++ Personalization ? ++ ? Effective feedback loop ? ++ ? Motivation psychology ? ++ ? Assessment based on WWW and media data – might be inaccurate