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Healthtech Startup Stories

Delivering clinically proven mental health care for employees

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Healthtech Startup Stories

Delivering clinically proven mental health care for employees

More than 70% of those who require care don’t receive it, despite the fact that almost 1 billion people worldwide suffer from mental health disorders.

According to WHO, 15% of working-age persons have a mental condition. Without adequate assistance, mental illnesses and other mental health issues can have an impact on a person’s ability to work successfully, ability to manage absences, and ease of retaining or obtaining employment.

Depression and anxiety alone cost the world 12 billion working days annually. Furthermore, despite the fact that employment is crucial for healing, those with serious mental illnesses are frequently barred from it. Families, caregivers, coworkers, communities, and society at large can all be impacted by mental health issues. Each year, depression and anxiety cost the global economy $1 trillion in lost productivity.

Businesses have also realized that supporting employees’ mental health and wellness may cut expenses overall and boost morale. Employees want greater mental health benefits as well, a good percentage of them want assistance with stress, burnout, and other mental health problems.

Lyra, a US-based startup, is delivering clinically proven mental health care for employees and family members across all facets of mental health, from wellness and preventive care to the most severe conditions. The company claims to deliver comprehensive and culturally responsive mental health care for organizations and their employees and families,

The company is using technology to match people to high-quality providers and treatments that are effective, convenient, and personalized to their needs. Using machine learning, sophisticated algorithms, and its curated network of providers, Lyra’s solution includes different care options that support the diverse needs of its customers’ workforce.

Lyra connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. The therapists practice evidence-based therapies, like Cognitive Behavioral Therapy (CBT), and are available for appointments in just a few days.

Lyra Health, according to reports, has raised a total of $910.1M in funding over 8 rounds. Their latest funding was raised on Jan 2022 from a Series F round.

To know about such innovative solutions and for partnership opportunities please write us at open-innovator@quotients.com

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Healthtech Startup Stories

Streamlining healthcare at home

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Healthtech Startup Stories

Streamlining healthcare at home

Healthcare services for patients within their own homes can empower patients to take control of monitoring their illnesses and enhancing their health outcomes. Patients healing from serious injuries, elderly, and receiving complex medical treatments can opt for home medical care preventing frequent hospitalizations or emergency room services.

This type of care can not replace hospital care but can help decrease the burden on healthcare systems and the costs of hospital care. Tomorrow Health, a US-based startup enables exceptional healthcare for patients and their families at the home. By partnering with payors, referring providers, and home-based care suppliers, the startup streamlines the home-based care process to elevate the patient experience.

Its data-driven marketplace matches patients and their families with high-quality home-based care suppliers and simplifies ordering and insurance processes and offers high-touch support at every step. The company claims to match patients with suppliers spanning 40,000+ products and services and considers quality, specialization, insurance coverage, and geography in its technology-driven matching process. As a fully integrated solution, Tomorrow Health tracks and manages every step of delivering at-home care, from prescription to insurer billing to fulfillment, streamlining processes for every stakeholder, including:

The startup has partnered with more than 125 leading health plans and hospital systems nationwide. Powered by transformative technology, Tomorrow Health delivers value within weeks, the patients need to place orders via phone or via fax. The order is routed to the best home-based care supplier for patients’ needs. It leverages advanced analytics and machine learning to digitize clinical, health plan, and compliance data to connect the patient, supplier, and insurers. With this, it is able to provide a better member experience, with faster discharges and readmission reduction.

Tomorrow Health has also recently closed a $60 million Series B round, bringing its total funding to date to $92.5 million.

To know about such innovative solutions and for partnership opportunities please write us at open-innovator@quotients.com

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Healthtech Startup Stories

Precision medicine and AI together might completely transform the medical industry

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Healthtech Startup Stories

Precision medicine and AI together might completely transform the medical industry

Precision medicine or precision health, also called personalized medicine, helps medical professionals find an individual’s unique disease risks and treatments based on his unique biology and life circumstances. Precision Health focuses on predicting, preventing, and curing disease before it strikes.

This approach is a fundamental shift to care that empowers people and allows doctors and researchers across medical disciplines to determine the best care for each individual patient; identify disease mutations in patients with undiagnosed conditions. It also helps avoid serious side effects from medications and takes into consideration genetic risk factors.

To provide personal, comprehensive, and effective care, precision health starts with a comprehensive consultation where the current health status, medical and family history, personal health objectives, etc are discussed. With this biometrics, and other functional and physical examination is done to diagnose any diseases or conditions, and to identify their root causes. Comprehensive lab tests are also done and detailed results are studied to gain an even better understanding of the patient’s health profile.

Precision healthcare providers then develop an exhaustive plan customized to the patient’s unique needs. The medical plan addresses the current disease or illness, the root cause of the disease, and reversing any factors that give rise to the disease. Drivers of imbalances in the body’s biological systems, physiological processes, assimilation of nutrients, inflammation or energy production, etc are also taken care of. Multimodal strategies concerning lifestyle factors like diet, nutrition, exercise, and stress management are also adopted to optimize health and improve a patient’s health Regular monitoring is also done to assess progress and evaluate the effectiveness of the care plan. A full reassessment of each patient is also done yearly like a physical and functional exam, biometric measurements, and lab tests.

Precision medicine and artificial intelligence (AI) working together might completely transform the medical industry. Precision medicine techniques isolate patient phenotypes with less frequent responses to therapy or particular medical requirements. Through the use of complex computing and inference, AI helps to develop insights, allows the system to reason and learn, and enhances clinical decision-making. Recent literature suggests that translational research examining this convergence will aid in resolving the most challenging issues facing precision medicine, particularly those where nongenomic and genomic determinants will facilitate personalized diagnosis and prognostication along with data from patient symptoms, clinical history, and lifestyles.

Verily, a subsidiary of Alphabet is using a data-driven approach to change the way people manage their health and the way healthcare is delivered. Launched from X in 2015, Verily relies on the increasing ability to use the power of technology to create new tools to generate evidence, new infrastructure to handle data, and new business models that can deliver on the promise of precision health. It generates and activates data from a wide variety of sources, including clinical, social, behavioral, and the real world, to arrive at the best solutions for a person based on a comprehensive view of the evidence. The company for this uses its recognized expertise and capabilities in technology, data science, and healthcare to enable the entire healthcare ecosystem to drive better health outcomes.

Reach out to open-innovator@quotients.com to know more about open innovation updates, programs, and collaboration opportunities.

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Healthtech

How AI is impacting Healthcare

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Healthtech

How AI is impacting Healthcare

AI is becoming more proficient at completing human-like tasks more quickly, effectively, and economically. Both robots and AI have enormous promise in the field of healthcare. Like in our daily lives, our healthcare ecosystem is becoming more and more reliant on AI and robots.

Comprehensive solutions are being developed that use AI algorithms to improve care pathways. Such solutions can solve the problem of underdiagnosis that lead to a heavy burden for patients and healthcare professionals and can also widen the patient pool for pharmaceutical companies. Disease detection using artificial intelligence (AI) has the potential to identify undiagnosed patients with complex and rare diseases. Treatment recommendations, patient engagement, compliance, and organizational activities are also some areas where AI can play a role.

According to some research studies, AI can perform some key healthcare tasks like diagnosing diseases better than humans. AI solution that is statistically robust, clinically relevant, interpretable, and operationally tenable are already being employed by providers of care, and life sciences companies, one example is radiology where AI is spotting malignant tumors and guiding researchers.

Some AI technologies that are of high importance for healthcare are discussed below:

Machine Learning

Machine learning technology is evolving as one of the important technologies as it allows systems to learn from data and detect patterns with minimum human intervention. As patient data becomes more readily available, machine learning technology in the healthcare industry can be used for extracting meaning from medical information. There are massive amounts of healthcare data generated every day within electronic health records that can be used to find patterns and insights impossible to find manually. Precision medicine i.e. predicting what treatment protocols are likely to succeed on a patient by studying patient attributes and the treatment context is one of the most important areas where ML is being used. As machine learning in healthcare gains widespread adoption, it will help healthcare providers in improving diagnosis, developing new treatments, reducing costs, and hence improving care.

Natural language processing (NLP)

NLP, the process of using computer algorithms to identify key elements in everyday language and extract meaning from unstructured input spoken or written, can have many possible applications in the healthcare industry. It can be used for improving clinical documentation through speech-to-text dictation that can enable physicians to concentrate on providing essential care, it also provides that clinical documentation is authentic and maintained up to date. NLP, also helps healthcare providers to automatically review massive amounts of unstructured clinical and patient data and identify eligible candidates for clinical trials. It also allows for clinical assertion that enables healthcare providers to analyze clinical notes and identify the patient’s problems, and the nature of the problem hence helping diagnose and treat patients.

Medical Robots:

Medical robots can aid healthcare professionals to provide more comprehensive care to their patients. These robots can help fill in the gaps and transform the care process. Nursing robots can autonomously monitor patient vitals and assist in tasks like lifting and transferring patients. These robots can also perform many basic tasks and help in activities like drawing blood and other routine tasks. Medical robots can also perform tasks like sanitization, disinfection, cleaning, and maintenance work. Microbots or Microscopic robots are also being developed that can seamlessly travel through the human body performing repairs. This would reduce the need to perform surgeries and cut open a patient, microbots would do it from the inside causing negligible tissue damage to conventional surgery methods.

Robotic Process Automation

Robotic process automation (RPA) through a combination of workflows, and business rules can perform digital tasks for administrative purposes involving information systems. Repetitive tasks like authorization, claims processing, clinical documentation, updating records, billing, etc can be performed efficiently and there are inexpensive, easy to program, and transparent.

Challenges

There are also some challenges and cons of extensively using AI in healthcare. AI is not perfect and may still require human oversight and surveillance. Such Robots also have no sense of empathy and operate only on their program which requires the need for human doctors who can make the final decision. Another concern is the chances and security breaches with data privacy. Possible chances of cyberattacks that can manipulate and possibly give an erroneous diagnosis are also a threat. Despite all this AI in healthcare still can do wonders and is beneficial to the majority of healthcare workers and patients and can make it accessible to a wider range of populations across the world.

Reach out to open-innovator@quotients.com to know more about open innovation updates, programs, and collaboration opportunities.

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Healthtech

3 D Bio-printing gaining significant interest in medicine and pharmaceuticals

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Healthtech

3 D Bio-printing gaining significant interest in medicine and pharmaceuticals

3D Bioprinting

“3D Bioprinting” or “bioprinting” is a form of additive manufacturing that uses cells and biomaterials instead of traditional metals and plastics to create 3D constructs like functional 3D tissues and biocompatible materials.

3D Bioprinting has enabled numerous researchers and manufacturers to mimic the natural tissue microenvironment into an in-house printed 3D tissue model.

Bio-printing tissues and organs for clinical use and have gained significant interest in medicine and pharmaceuticals. It is projected to have an immense impact on the field of medicine and healthcare

Applications


The applications include developing bio-inks that mimic the composition of our tissues. Bioprinting can be applied to a variety of areas including but not limited to regenerative medicine, drug discovery and development, and 3D cell culture.

Besides, bioprinting technology has a broad utility in various application areas such as tissue engineering and regenerative medicine (RM), transplantation, cancer research and drug screening, and high-throughput assays.

Bioprinters are being used to manufacture scaffolds and fabricate anatomically correct patient-specific constructs. In vitro bio-printed tissues such as skin, nerve and bone have been implanted on animals to evaluate their functionality, neovascularization, and engraftment with the host. Bioprinting’s future application is expected to be mostly in organ transplantation and drug & toxicity screening.

4D Bioprinting

4D bioprinting can overcome many limitations of 3D printing; hence, it has become a new field in regenerative medicine and tissue engineering markets. When compared to 3D printing, 4D printing offers various advantages such as fast growth of smart and multi-materials, more flexible and deformable structures, and can add more potential applications to both 4D and 3D printing. The emergence of 4D bio-printing is gaining momentum in disease management and healthcare innovation.

Challenges:

Bio-printing is growing rapidly, and many start-ups are entering the market but there are also some challenges:

– Bio-inks with lower biocompatibility and mechanical strength
– Lower resolution and speed of bioprinter
– Vasculature of tissue structures/constructs is an important challenge in Bio-printing as the tissues need continuous nutrients and oxygen.
– Ethical and legal issues with 3D Bioprinting
– The high cost of the method makes it unaffordable to developing countries.
– Because Bio-printing is a new and novel technology, it should be studied appropriately to ensure it will be safe for humans.
– Numerous Bioprinting companies have emerged in the market. Bioprinting can become a new gold standard for the bio-fabrication of tissues in the field of regenerative medicine.

Market Projections

Some important players in bioprinting are, a Russian company, 3D Bioprinting Solutions, Japanese company Cyfuse Biomedical, Germany-based Cellbricks, and Poietis, a France-based Bio-printing company. Many start-ups are entering the market and there are 20% are start-ups with strong economic growth. According to a report by ResearchAndMarkets the global 3D Bioprinting market is expected to grow at a CAGR of 18.45% during 2022-2027.

Please contact us at open-innovator@quotients.com to know more about evolving solutions in a variety of fields, and for collaboration and partnership opportunities.

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Applied Innovation Healthtech

AI-assisted Digital Physiotherapy resulting in Positive Outcome for Patients

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Applied Innovation Healthtech

AI-assisted Digital Physiotherapy resulting in Positive Outcome for Patients

The digital economy saw accelerated growth during the covid19 outbreak. The pandemic presented many windfall opportunities for digital technologies– represented by the Internet, big data, 5G, and artificial intelligence– to expedite their deep integration with industries such as retail, finance, mobility, manufacturing, healthcare, etc.

Digital Health

Digital health, the use of information and communications technologies in health professions to address illnesses and health risks and to facilitate wellness, was increasingly leveraged world over to accelerate, compliment, and optimize health care service during the pandemic and it continues to evolve. There is an increasing trend among people relying on digital platforms for their well-being.

Digital Physiotherapy

Digital Physiotherapy is one of the applications in the digital healthcare domain that is gaining popularity and physical therapists around the globe are making use of technological advancements for providing care to their patients. It relies on smartphone-based computer vision for motion tracking and an app for functioning. Motion tracking, a subfield of computer vision and an extension of object recognition follow and monitors the motion of a person or object across multiple frames in a video.

Digital Physiotherapy Positively Impacts Patient Management

This has great potential to positively impact patient management as these solutions are scalable and can overcome obstacles like cost as these patients can recover from the comfort of their homes and also save on medical expenses and time. Such solutions can also be individualized to meet patient and clinician needs and expectations. But there are also challenges like lack of standardization and require more reliable measures of evaluation than those existing at present.

There are solutions that are coming up and are using this technology to capture exercise data like the speed and range of motion of the patient. This data is monitored by a team of experts who engage through video calls and messaging. There is also an option for real-time corrective feedback to ensure that the recommendations are being followed and to provide personalized care.

AI Assisted Care

Digital physiotherapy solutions depend on an app to help patients choose a time of treatment according to their convenience and interact with the physiotherapist in real time. There are also options for the patients to know all their details as they can access all their records all the time. The patients can conduct the exercise sessions at the time they choose and get guidance through AI (Artificial Intelligence) so there is no need for the doctors to be present every time. Therefore, it saves time both for physiotherapists and the patients allowing for the treatment of more patients.

As the whole process is virtual so the treatment can be done through a compact personal studio rather than a clinic saving large costs on rent and maintenance. Automated record tracking and clubbing together of identical cases can help the physiotherapists to study the process and outcomes and come up with standardized treatment saving time and effort.

This digital physiotherapy solution is being deployed at various levels in the healthcare industry and receiving positive feedback. To know the details and discuss more on this as well as other evolving solutions in multiple domains please write to us at open-innovator@quotients.com.

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Applied Innovation Healthtech

Bionics with Neural Prostheses and 3D Printing helps meet the challenge of Limb differences

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Applied Innovation Healthtech

Bionics with Neural Prostheses and 3D Printing helps meet the challenge of Limb differences

Limb differences are more common than what is thought and a significant population is living with this condition. Limb differences is a condition when an arm or leg is not shaped in the normal way or limb i.e. the arms or legs may be might be shorter than the other or missing or deformed. Limb differences can be congenital, when a child is born with it, or acquired, that happens after birth due to any trauma or injury.

People living with limb loss face unique challenges ranging from immobility to depression and financial hardships. In this situation receiving a prosthesis may come to aid and help alleviate some of these challenges. A prosthetic implant, i.e. an artificial device that replaces a missing body part, can ensure the restoration of functional mobility, and optimize the person’s quality of life and satisfaction.

3D printing technologies and Additive Manufacturing

3D printing technologies with Additive manufacturing have an interesting aspect in this field of prosthetics. These technologies use data computer-aided design (CAD) software or 3D object scanners to direct hardware to deposit material, layer upon layer, in particular geometric forms.

As opposed to traditional means, i.e. removing material through milling, machining, etc additive manufacturing adds material to create an object. It also has advantages like lightweight and compact designs as well as it is easy to manufacture. It is assessed that this manufacturing technology in the future may play a significant role in replacing human organ transplants, and significantly speeding-up surgical procedures.

Neural prostheses and Bionics

Advancements in Bionics, replication of biological systems by mechanical and electronic systems, and Neural prostheses, assistive devices that restore lost neurological functions, have led to brain-machine interfaces (BMIs) that can restore communication or motor function to individuals. The researchers have designed a soft, lightweight, and low-cost neuroprosthetic hand. The hand designed with a system for tactile feedback can restore some of the primitive sensations in a volunteer’s residual limb and can help perform daily activities, such as switching lights on, zipping a suitcase, driving cars, etc.

This solution is being deployed at various levels in the healthcare industry and has been certified by the public institutions. To know the details and discuss more on this as well as other evolving solutions in multiple domains please write to us at open-innovator@quotients.com.







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Applied Innovation Healthtech

Digital Microscopy – Enabling Telepathology and Better Diagnostics

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Applied Innovation Healthtech

Digital Microscopy – Enabling Telepathology and Better Diagnostics

Role of Microscopy in Diagnostics

Microscopy is an important part of pathology research where pathologists using microscopes check abnormalities in specimen like cells, tissues, or organs to study the changes that occur when they are affected by disease. Microscopes, camera, and imaging software system is utilized to detect that would not be able to be seen with their naked eye, for example subtle differences in color, or the number of certain cells in a specimen.

Advent of Digital Pathology

Digital pathology, largely developed over the last decade, has become essential to adapt and lead in the rapidly changing environment. The technology is widely used here to create and support digital pathology i.e. for performing pathologic analysis and managing the information associated with this activity.

AI/ML-based solutions for primary diagnosis

In low resource settings,  the absence of trained professionals require the movement of the physical slides, patients, or professionals for consultation between the urban and rural centers which is time consuming and an expensive proposition. Digital pathology holds the potential to bridge this gap. The advent of smart phones and tablets with usage increasing with each generation in both the urban and rural areas, coupled with AI/ML-based quantifying solutions built with digital scanners, can address the issues like primary diagnosis and training in remote areas effectively.

An Integrated Digital Microscopes

A new integrated digital microscope  has been developed high magnification mobile phone/tablet microscope that provides high-quality images. The microscopes are battery operated and with this are portable, lightweight, compact with ergonomic design.

According to the company claims, the microscopes are durable, efficient for any work environment and can can also be easily setup in a few steps. It has 1000X zoom and more than 30fps recording and integrated with video-conference options.  It also have micrometry  and annotation ability.

The Digital Microscopes also come with remote viewing tool that allows medical professionals to practice telepathology — the practice of medical diagnosis facilitated by digital transmission of pathological data using telecommunication data. This can ensure consistent flow of work across geographical boundaries and devices allows for conducting consultations, across geographical differences and multiple devices, enabling second opinions and slide discussions.

There is also an option to store unique and important cases through its digital imaging and micrometry tools that can be read and analyzed later and serve as case study and ground for coming to important conclusions.

Conclusion

Quality medical treatment can be a challenge in remote areas, so this startup is offering an important technology helping patients to see better medical outcomes, reduce liability and result in significant time savings for the hospital, pathology lab and surgical personnel.

To know more of such innovative solutions and evolving use cases in different domains along with collaboration and partnership opportunities please write us at open-innovator@quotients.com