Talkin’ Bout Big Bucks: Wireless Health and Fitness Device Market to Hit $1.8B by 2019

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Even though the year has just begun, financial predictions are already out for the wireless health and fitness device market. According to a recent article published in mobihealthnews, Juniper Research, a UK-based online and digital research firm, is predicting revenues of $320 million by the close of 2015. While this number is certainly promising, the real “head turner” is the four to five year outlook: Juniper also foresees a sixfold increase from 2015 to 2019, with the market reaching a whopping $1.8 billion in annual revenues.

With these statistics out in the open, there’s no denying that a wireless health and fitness device “explosion” is upon us. As far as the experts are concerned, however, there are a few key points to keep in mind as the healthtech arena moves forward. In order to succeed, says connected fitness and health author James Moar, a market shift from hardware to software must occur: “People want to interact with the devices at the app level [beyond merely collecting biometric data]. Because of this, and the omnipresence of sensors, the importance of the hardware will diminish at a much faster rate” than other segments of the consumer electronics market.

Juniper predicts that major growth in the wireless health device market will be driven by the “freemium model,” or a paradigm that offers a basic app and (potentially) device for free and then charges for more sophisticated add-ons. Consumers will be able to track personal fitness and health data for free, but will pay for apps and services that go a step further—interpreting and analyzing the data to make it meaningful. In all, 12.9 million users are predicted to be engaged with these paid service platforms by 2019—will you be one of them?

For more information on key findings, check out Juniper Research’s full press release here!

SOURCES: mobihealthnews and Juniper Research 

About DoseSpot 
DoseSpot is a Surescripts certified e-Prescribing platform specifically designed to integrate with electronic health record, electronic dental record, practice management and telehealth software. DoseSpot is certified to e-Prescribe controlled substances and has provided simple, affordable and integratable e-Prescribing solutions to healthcare IT companies since 2009. For more information, please visit www.DoseSpot.com.

Setting the “Stage” for MU3: Details on Federal Approach Expected Soon

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As the days of March begin to pick up, so do developments in the Healthcare IT arena. Washington insiders recently began speculating that the Centers for Medicare and Medicaid Services (CMS) will release Stage 3 meaningful-use (MU3) rules later this month. Per usual, ideas are already circulating as to what these rules will—and should—include.

According to the 2009 American Recovery and Reinvestment Act, the third stage of the incentive program will have a primary focus on data-sharing, or interoperability (a surefire MU3 “buzzword”). While rules provide adequate guidelines for adoption, many healthcare professionals would like to see actionable results—such as Athenahealth’s Vice President of Government & Regulatory affairs, Dan Haley. In a recent article published in Modern Healthcare, Haley stated that the rules for MU3 should also require the “actual sharing of records rather than merely [setting] standards for how to accomplish interoperability…Providers should be able to see in one place a summary of a patient’s longitudinal health history…Without the need to [access] multiple systems.”

In addition to MU3 implementation suggestions, many healthcare professionals have expressed interest in seeing new tech-savvy “bells and whistles.” Some are pushing for better “unique device identifier” support, which would allow public health officials to track specific devices through the vast healthcare system. Another purported new standard for technology could be the inclusion of “patient-generated health data” from devices including fitness monitors and health-tracking apps, which may help clinicians track the day-to-day lifestyles of patients in innovative ways. Stay tuned for the official release of MU3 requirements towards the end of this month!

SOURCE: Modern Healthcare 

About DoseSpot 
DoseSpot is a Surescripts certified e-Prescribing platform specifically designed to integrate with electronic health record, electronic dental record, practice management and telehealth software. DoseSpot is certified to e-Prescribe controlled substances and has provided simple, affordable and integratable e-Prescribing solutions to healthcare IT companies since 2009. For more information, please visit www.DoseSpot.com.

Got the sniffles? Tweet about it: The push to share illness data online

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The truth hurts. We’re currently in the throes of flu season with no reassuring end in sight. Whether it’s a fever, the chills, a runny nose or the ever-dreaded stomach bug, recent data trends show that sicklings across America like to share their not-so-pleasant illness narratives on the World Wide Web. According to Boston Children’s Hospital computational epidemiologist John Brownstein, a keynote speaker at this week’s mHealth Summit in DC, we should be thanking these individuals—they’re allowing digital public health companies to capture valuable data to create meaningful insights for users.

Brownstein highlighted several noteworthy collaborations and projects while at the Summit. Boston-based HealthMap currently deploys Google’s “Vaccine Finder,” enabling health consumers to search by location and vaccine type across the United States. In a pilot with UberHealth, HealthMap used Uber cars to help nurses deliver flu vaccines to individuals at work and at home in both New York City and Boston.

Brownstein, one of HealthMap’s chief architects, also highlighted the startup’s cooperation with Yelp to collect reports on food poisoning to track foodborne illnesses—which average about 10,000 cases per year. Through HealthMap’s Outbreaks Near Me app, iOS and Android users can report outbreaks of a variety of illnesses for identification and tracking.

So, to the tissue-hogging, fever-running, congested and unhappy folks out there—keep blogging, keep Tweeting, and keep Facebook posting. HealthMap and other soon-to-be digital public health companies seem to have you covered for now and for the future of illness outbreak tracking.

To hear more from John Brownstein, check out his interview from this week’s mHealth Summit here!

SOURCES: MEDCITY News

About DoseSpot 
DoseSpot is a Surescripts certified e-Prescribing platform specifically designed to integrate with electronic health record, electronic dental record, practice management and telehealth software. DoseSpot is certified to e-Prescribe controlled substances and has provided simple, affordable and integratable e-Prescribing solutions to healthcare IT companies since 2009. For more information, please visit www.DoseSpot.com.

Healthcare Startup Spotlight: CareDox

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Startup: CareDox
Website: www.caredox.com
Funding: $2.5 Million as of August 7, 2014
Overview: CareDox is a care coordination platform for parents and schools. CareDox helps parents and school nurses, collaborate with each other, to maintain critical health information, for their children and students.

Source: AngelList

Sources: VentureBeat, AngelList and caredox.com

About DoseSpot

DoseSpot is a Surescripts™ certified e-Prescribing platform specifically designed to integrate with electronic health record, electronic dental record, practice management and telehealth software. DoseSpot has provided simple, affordable and integratable e-Prescribing solutions to healthcare IT companies since 2009. For more information, please visit www.DoseSpot.com.

DoseSpot Bucket List for ADA 2013

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With the American Dental Association Annual Session (October 31 – November 2, 2013) around the corner, we put together a list of what the DoseSpot team is most looking forward to doing while in New Orleans.  We would love to meet so stop by booth #2135!

• Demo our intuitive and Surescripts Certified e-Prescribing platform for amazing dentists
• Give out awesome t-shirts to attendees that write their first mock DoseSpot e-Prescription and get #dosespotted (check it out below!)
• Visit with our great customers and check out their booths
• Watch President Bill Clinton speak
• Walk the French Quarter and catch a view of the Mississippi River
• Last but not least, grab a drink on Bourbon Street

Follow us on Twitter @DoseSpot throughout the Annual Session to see if we can check everything off our list!

Surescripts Report Card

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Every month Surescripts distributes a  ‘Report Card’ to each of its certified software companies. For the month of August, Surescripts reported the following statistics:

Active Prescribers on Surescripts Network: 456,506

Active Retail Pharmacies on Surescripts Network: 62,361

Number of patients with benefits information on Surescripts Network: 249,494,171

Additionally, Surescripts provides error monitoring statistics:

*Errors are limited to those within the vendor’s control.

Electronic Prescribing for Dentistry!

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The medical industry has been using electronic prescribing (“e-Prescribing”) for over a decade now. The dental industry hasn’t quite caught up.  In fact, in a recent personal survey I noticed dental practice management systems don’t provide medications in a coded format.  Meaning, the medications are free text fields and the practice hand enters the medications into the system.  This will end up limiting the user of these systems from ePrescribing, drug-to-drug alerts, drug monographs and many other features common in electronic medical record (EMR) systems.

The advantages for adopting ePrescribing are vast:

Patient Safety

The electronic prescription reduces prescriptions errors caused by illegible hand writing, drug-to-drug interactions, incorrect dosing, drug allergy reactions, duplication of drugs, etc.

Fraud and Crime

The medication history his saved electronically and can be monitored easier than paper.

Medication Adherence

Patients are more likely to fill prescriptions as they’ll be waiting at the pharmacy for pickup.  The refill process is also expedited without multiple phone calls between patient, provider, and pharmacy.

Real-time communication

Providers can write notes that follow the prescription to the pharmacist. Pharmacists can submit refill request on behalf of the patient for approval by the physician (no phone call needed).

Decision Support

Health care professionals will have critical drug alerts and patient specific information at the time of prescribing.

Government Regulations

In January 2011, the state of Minnesota released a mandate for all Prescribing Providers to electronically prescribe medications.  This mandate includes dentists.  The rule wasn’t put in place to punish dentists.  It was actually designed to bring dentist into the fold of sharing health information.

Most dental Practice Management Systems don’t have electronic prescribing capabilities.  In the next few years a number of these companies will begin adding ePrescribing capabilities.  A company called DoseSpot has developed a dental e-prescribing application accessible from the web.  The dental industry is about change the way it prescribes medications.  Stay tuned…