HealthTech Roundup! #004

Welcome to the May issue of HealthTech Roundup! Before we dive in, 📢 a big shout-out to all of you who have been avid readers and supporters of this newsletter! Your enthusiasm and engagement has been truly inspiring 🙌 and I’m thrilled to continue delivering valuable insights each month.

The world of healthcare and technology never stops buzzing with exciting updates and innovations, so grab your favourite beverage and let's jump right into the latest news and trends that are making waves.

First up, some news bites 🥪:

• A patient’s digital twin could save and extend their life by enabling clinicians to run scenarios and predict future health outcomes.

• In a similar partnership as Microsoft and Epic, Amazon and 3M Health Information Systems have partnered to use conversational AI and ambient intelligence to automate clinical documentation.

• Australian researchers have invented an endovascular implant to control digital devices using thoughts – FDA-approved clinical trials are currently underway.

• The Medicine from the Sky programme is pioneering the use of drones to make primary healthcare accessible to all.

• In their recent Accelerating the adoption of connected health analysis, Deloitte forecasts that by 2027, wearable technologies will reduce hospital costs by 16%, and by 2037, the use of remote patient-monitoring devices is expected to save $200B.

• Google Cloud launched AI-powered tools to accelerate drug discovery and precision medicine and it is now being used by Pfizer and biotech companies.

• Telcos are now getting into the healthcare space - BT (UK)launched a virtual ward and monitoring programme which aims to reimagine the patient-HCP relationship with a predictive, proactive approach.

Now, let’s take a look at what’s happening in the start-ups space🚀:

• Hippocratic AI raises $50M to power the healthcare bot workforce. Is this wild or helpful?
  

Finally, leaving you with a futurist tidbit 🤖:

• Hospitals will soon offer their services in the Metaverse and pharmacies will follow suit – there’s a future where your virtual avatar could pick up your medication for you from a Meta pharmacy. Read it with: Is the Metaverse fit for healthcare?