Top 10 Mobile Health CEOs in 2014
With over four million free and 300,000 paid healthcare downloads occurring daily, the mobile health market is reaching levels that even its founders hadn’t anticipated— and it’s even more surprising that its users’ fingers haven’t fallen off yet.
Earning the respected title and reputation as a mobile health figurehead is not something to take lightly these days; in fact with over 97,000 mobile applications in competition today within the healthcare industry, these distinguished Top 10 Mobile Health CEO’s have not only proved themselves to be worthy of honorable distinction, but they have changed the game for industry-related companies on a global scale. Analysts predict the mobile health marketplace to hit $26 billion by 2017; and that being said, these Top 10 CEOs will certainly have their work cut out for them in 2014.
The following is a Top 10 list of today’s Mobile Health CEOs:
10) Syncardia Systems: Michael Garippa
From the company that pioneered and privately-manufactured the world’s first artificial heart, comes the number 10 seed in our Top 10 countdown, Michael Garippa. Garippa received his bachelor’s degree from Rutgers University, a master’s degree from New York University and has worked at corporations like TandemHeart, Omni Medical and the NYC Health and Hospitals Corporation.
Proving to be a solution to patients with the most serious of heart conditions, his company Syncardia Systems has now even been able to support patients with issues ranging from biventricular failure to standard heart transplants.
9) Cleveland Clinic: Delos M. Cosgrove
Making a typical trip to the doctor’s office available through a personal computer or tablet is the mission of the Cleveland Clinic ‘s CEO Delos M. Cosgrove; by providing privileged doctor/patient communication, interactive q+a platforms, prescription requests and other types of necessary medical communication in an accessible and affordable way. Cosgrove oversees a $6.2 billion system, made up of over 75 domestic outpatient locations, 16 full-service Family Health Centers and international offices as well, the latest being under construction in Abu Dhabi.
Dr. Delos Cosgrove did his undergraduate work at Williams College in Williamstown, Massachusetts and received his medical degree from the University of Virginia School of medicine, while completing his medical training at Massachusetts General Hospital, Brook General Hospital in London and Boston Children’s hospital.
8) Sproxil: Dr. Ashifi Gogo
Bent on their goal of combating counterfeit pharmaceuticals by authenticating prescriptions everywhere since 2008, Sproxil’s CEO Ashifi Gogo has led Sproxil to fully-developing its award-winning Mobile Product Authentication mobile technology. Dr. Ashifi Gogo has instituted four key pillars within his institution which ensure his company’s success: a reliable security infrastructure, widespread access to consumers, education to facilitate implementation and overall user-friendly ability.
By encouraging consumers to use their mobile phones in the fight against counterfeit pharmaceuticals, Dr. Ashifi Gogo and Sproxil have made waves in the huge mobile technology pool and stand as a huge resource to patients everywhere.
7) Safariland: Robert Collymore
Leading Safariland with more than 25 years of telecommunications industry experience is Bob Collymore, a trusted and well-known mobile technology industry executive who has worked for a number of widely-respected companies like Vodafone and Vodacom Group. On top of his leadership and people management skills, Collymore also is a trustee of the holding companies in Kenya and Tanzania for M-PeSA, for Vodafone’s money transfer service.
6) D-Rev: Krista Donaldson
For over 15 years, this non-profit company has been driven by their dedicated CEO Krista Donaldson, PhD., who prides herself on the company’s commitment to innovation in product design, engineering and international development. The success of their two biggest projects, Brilliance (a technology treating neonatal jaundice) and the ReMotion prosthetic knee, have not only solidified D-Rev’s place as a mobile technology industry contender, but promoted their all-around accessibility and user-friendly innovation which is so desperately needed in their industry’s market.
Krista Donaldson is a silicon Valley “40 Under 40” winner, a TEDx and Clinton Global initiative speaker and most recently, she was named Fast Company’s Co Design: 50 Designers Shaping the Future. Donaldson holds a BE in Mechanical Engineering from Vanderbilt University, a MSE in Product Design, a MSME and a PhD from Stanford University.
5) Proteus Digital Health: Andrew Thompson
Andrew Thompson has directed the goal of Proteus Digital Health from the broad spectrum of allowing people the ability to control their own health with the digital health feedback system, to allowing those same people to share the responsibility of taking care of each other as well. Thompson diagnoses two trends within the markets as being: more people have mobile phones than clean, running water and second, chronic diseases like diabetes are the world’s biggest health concern. By coupling medicines that treat chronic conditions with technology with their ingestible sensor, PDH is making healthcare more accessible, manageable and innovative to meet the ever-changing needs of the mobile health industry.
4) Dexcom: Terrance H. Gregg
Since 2011, Terrance H. Gregg has led Dexcom with his expertise, commendable leadership and commitment to his company’s vision. Knowing the high demand of Dexcom’s products within the market helps drive the desire to provide quality performance and results, Gregg’s company avidly claims.
With the recent launch of the fourth generation diabetes sensor, it’s clear that Dexcom is here to stay in the world of mobile health technology to continue to improve the lives of patients with chronic diseases.
3) Teladoc: Jason Gorevic
Founded in 2002, Teladoc is the first and largest telehealth provider in the nation. Teladoc provides patients with a virtual question and answer session with a board of U.S. certified doctors, any place, any time, along with 24/7 phone or video consultations straight from their respective mobile device.
Serving as the CEO since 2009, Gorevic has promoted growth strategy and innovation within his company, and that mindset paid off with his company acquiring Lumenos Inc., which Gorevic also stands as President over. He also is responsible for Teladoc’s partnership with the Zagat Survey, which helps patients rate their physicians.
2) Voxiva: Justin Sims
Since 2001, Justin Sims and Voxiva have been bringing people towards a healthier lifestyle through their engaging social marketing and bettering the communication of health related news and information.
Utilizing multiple mobile technological tools like: SMS messaging, email, mobile apps, interactive voice and the web, Sims knows firsthand with his 20+ years of industry experience, what it’s like to take a company to the next level. After leaving AT&T’s Global Services business in 2005, Sims came to Voxiva serving a as the CEO and as a veteran member of the Board of Directors.
1) Athenahealth: Jonathan Bush
Jonathan Bush certainly has his patient-consumers in mind with his constant commitment to mobile health innovation, easy-communication and user-friendly solutions for all of those patients within the healthcare world. Bush knows that being a CEO is, “a great honor and a great responsibility”. Through his company’s providing online management of physician practices and electronic management record services, it’s no wonder why this company continues to climb.
Holding a master’s degree in business administration from Harvard, Jonathan Bush has presided as CEO and president over Athenahealth since 2000. In the year 2000 alone, Bush raised $10 million for Athenahealth before their successful launch of their IPO in 2007.
Top 10 healthcare innovations for 2019
We take a look at some of the top 10 healthcare innovations which are transforming the sector
The telehealth market is booming. Consumers are leading increasingly busy lifestyles, with up to 60% favouring digitally-led services. Providing clinical care at a distance, increasing accessibility and eradicating potential delays has given patients greater control, boosting patient satisfaction and overall engagement. Such is its exponential growth, The Centers for Medicare and Medicaid Services in the US has recently released its proposed Physician Fee Schedule and Qualified Payment Programme updates for 2019, where telehealth services has been heavily featured, in order to deliver ‘different access points’ for patients.
9. Mobile technology
Consumers have become accustomed to accessing their data through the use of various digital tools, where the use of mobile and tablet health apps has tripled from 13% in 2014 to 48% today. Catering to this growing market, British based start-up Babylon Health is making waves on a global scale. Partnering with the National Health Service (NHS) and private health provider, Bupa, it has also cemented its presence across the flourishing Chinese market, with a membership base exceeding 1.4mn citizens across Europe, Asia and Africa. By partnering with global juggernaut Tencent, Babylon’s artificial intelligence system has enabled both parties to interact directly with users, identify specific illnesses, deliver health status assessments, and triage necessary actions. The mobile app is available to over a billion users and linked to more than 38,000 medical facilities in China alone.
8. Artificial intelligence
Artificial intelligence (AI) applications, such as predictive analytics for patient monitoring has provided significant financial savings. Applications that target hospitals and medical institutions include patient monitoring and transcribing notes for electronic health records (EHRs). The European Union is set to invest $24bn into artificial intelligence (AI) by 2020 in a bid to catch up with Asia and the US, who have invested heavily in AI and cloud services. This year, Google revealed its plans to harness AI and machine learning across a multitude of consumer technologies, particularly in healthcare. “If AI can shape healthcare, it has to work through the regulations of healthcare. In fact, I see that as one of the biggest areas where the benefits will play out for the next 10-20 years,” Google CEO Sundar Pichai has previously stated.
Blockchain is estimated to reach over $5.61bn by the end of 2025, even though it remains dependent on the ability to record and store information conveniently, economically and securely amongst different applications and systems. Providing transparency and eliminating third-party intermediaries, processes are streamlined, reducing healthcare costs exponentially. Unlocking the ability for providers to deliver a value-based healthcare system and enhance patient engagement, blockchain could save the industry up to $100-$150bn per year by 2025 in data breach-related costs, IT costs, operations costs, support function costs and personnel costs, according to BIS Research. Partnering with pharmaceutical giant GlaxoSmithKline (GSK), Ethereum blockchain-based supply chain platform, Viant sought to accelerate the pace of blockchain-based supply chain systems. Accenture and supply chain giant DHL have also developed a blockchain-based serialisation prototype which tracks pharmaceuticals from the point of origin to the consumer.
6. Health wearables
With the rise of lifestyle diseases, such as diabetes, more consumers are turning to health wearables that monitor glucose, heart rate, physical activity and sleep to gain a greater understanding of their health conditions. Following on from the release of the first Bluetooth headset back in 2000, the growing interest in wearables has seen monitoring our health and data become standardised. This data can be analysed by sophisticated algorithms to drive long-term diagnosis and support. Partnering with Google, health wearables company Fitbit is exploring the development of consumer and enterprise health solutions. Its acquisition of HIPAA-compliant health platform, Twine Health has seen the business enhance its clinical services by bringing on board a coaching platform, empowering people to seek better health outcomes.
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5. Electronic health records tools
From 2018-2022, the electronic health records (EHR) market is expected to grow at a compound average rate of 6% per year Providers and organisations continue to house fragmented technologies which create barriers towards collaboration and data sharing opportunities. This is further exacerbated if a patient straddles both public and private healthcare. Technology giant Apple has integrated patients’ medical records into its Health App as part of its iOS 11.3 beta. The data is encrypted and protected with the user’s iPhone passcode. Partnering with hospital providers and clinics, patients are now able to view their medical records from multiple providers within one platform. Johns Hopkins Medicine, Cedars-Sinai, Penn Medicine, UC San Diego Health and even the Cleveland Clinic have implemented this technology.
4. Healthcare transportation
Non-emergency health transportation remains a key issue worldwide, preventing patients from getting to or from a doctor’s appointment. 25% of lower-income patients have missed or rescheduled appointments due to lack of transportation, costing US health systems up to $150bn each year. Transportation companies such as Lyft and Uber have therefore entered the market by partnering with state governments to reduce these costs and deliver personalised patient care.
3. 3D Printing
Healthcare providers are set to represent the second largest industry sector in 3D manufacturing. The Food & Drug Administration’s decision to release its first comprehensive framework advising manufacturers of 3D medical products highlights its growing impact where more than 100,000 knee replacement surgeries are completed each year using 3D-printed, patient-matched surgical guides, for example. Through this process, surfaces and structures can be optimised for strength, weight and material use. Consultation between surgeons and patients has also been bolstered, where patients can better understand the complexity of his or her specific needs.
As consumers get more involved in the management of their health, consumer genetics and research companies have grown in popularity and scale. People want to further understand their genetic makeup, leading personal genomics and biotech company 23andMe to become one of the largest consumer-based organisations worldwide. Interestingly, this year, the company has entered a four-year collaboration with GSK to develop new treatments, but using human genetics as the basis for discovery.
Not only looking to develop treatments by analysing human genetics, pharmaceutical companies are looking to even remove hereditary genes which pass diseases down generations. In 2017, human embryos were successfully ‘edited’ through gene editing tool, CRISPR (Clustered, Regularly Interspaced, Short Palindromic Repeats), eradicating hypertrophic cardiomyopathy within 42 embryos.
1. Vertical integrations
As healthcare providers aim to provide greater transparency, promote collaboration and lower escalating patient costs, 2018 has been the year for a significant number of vertical integrations. CVS Health’s $68mn takeover of health insurer Aetna is a case in point. By influencing more of the supply chain, it will gain significant negotiating power to reduce costs for payers and patients, develop personalised solutions and improve overall outcomes. It will also promote the eradication of delays in process by removing any third parties within traditional business models. Other notable integrations are Optum’s acquisition of the DaVita Medical Group, Humana and Kindred Healthcare and Cigna and Express Scripts.
Reports have indicated that not only has the number of healthcare deals more than doubled in the last five years, the size of deals has also grown as a result of repeat investor interest, highlighting that this trend is here to stay.