Snapchat, the video messaging app of millennials? Think again!
Doctors today use WhatsApp, and Snapchat to share pictures, and medical information with each other in hospitals. This fun Challenge Festival trivia told by the the Irish startup Medxnote might have caused chuckles yesterday, however, underlines the larger dichotomy between digitalization, and healthcare, that was stressed throughout day three of the 1776 Challenge Festival, which highlighted the health sector its national, as well global challenges.
Medxnote looks to create a safe, secure app that will allow doctors to exchange information in a much more simple, yet effective manner. Source: Medxnote
Digital solutions such as provided by Medxnote highlight the larger trends in healthcare, which are looking to marry data and devices. Successful cross-pollination even has the capacity to increase revenue, and decrease work for doctors. A good example being the DC-based startup Babyscripts, a prenatal focused startup, which via wireless hardware captures weight, blood pressure, and app data, which is communicated to doctors, and consequently allows providers to appropriately tailor the way they deliver care to each of their patients’ specific needs.
Babyscripts wireless hardware, which is sent to expecting mothers. Source: Babyscripts
The take-away of the day were bold, candid, and straight-forward: healthcare will become personalized, it will become digitalized, however, we need to make sure that this added value is shared with all patients alike. With this in mind 1776 choose two healthcare finalists, which both equally showed a strong social impact, paired with a scalable, and sustainable revenue model.
The winners...via 1776
Unima — Unima is a biotechnology startup that developed a fast and low cost diagnostics technology that allows health data collection globally and analytics in real time. Mexico City, Mexico
ReliefWatch — ReliefWatch is an inventory management platform targeted at multinational non-governmental organizations operating health clinics in developing countries. Chicago, Illinois
Quote of the Day
"The killer app in fighting Ebola was human beings." Ronald Klain, Ebola Response Coordinator for the Executive Office of the President.
Tweet of the Day
The Ambassador of Australia to the U.S. personally welcomed the two Australian entrepreneurs competing at the Challenge Festival.