Healthcare will undergo significant changes in the coming decades. Amazon, J.P. Morgan, and Berkshire Hathaway have partnered together to offer lower-cost health insurance to their employees. The details are still vague, but it is ventures like this that could disrupt the entire healthcare industry.
It’s anticipated that telemedicine will become a vital part of the healthcare delivery system. The FDA recently approved the new Apple Watch to be used as a medical device.1 With more and more of these devices coming onto the market and being used to deliver healthcare, costs will dramatically decline over time. The old adage of having to go “see the doctor” will soon begin to fade as patients receive medical advice and prescriptions from the comfort of their own home.
KardiaMobile is a mobile EKG monitor that is FDA cleared. It captures the heart rate, rhythm, and symptoms for early detection of AFib. It connects to a smartphone and allows users to get medical-grade EKGs from anywhere with a Wi-Fi connection. Devices like these make healthcare more accessible while reducing costs for consumers.
Other devices, such as Dario’s All-In-One Glucose Meter, can measure and log blood glucose levels and immediately share results with caregivers. The device is like other glucose meters in that it samples your blood, but it differs by then plugging the test strip device into your phone’s audio jack to process the information. This instantaneous feedback and sharing of information, coupled with new devices entering the healthcare marketplace, will continue to transform the industry over the coming decade.