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AliveCor Interview – Raises $30 Million

When I look across the mobile health ecosystem, one of the big winners is AliveCor. They’ve done an incredible job with their company and bringing their ECG readings to a much wider audience. The news recently came out that they’d raised their Series D round of investment of $30 million. As part of that announcement, my colleague Neil Versel from Meaningful Health IT News did an interview with the COO from AliveCor, Doug Biehn. You can check out the full interview below:

I hadn’t caught up with AliveCor for a while, so it was interesting to hear how much progress the company has made. Neil does a good job covering how AliveCor has been trying to figure out the balance between a consumer solution and a provider (FDA cleared) solution.

One of my favorite comments from the video above is when Neil asks about their new AlieCor platform and Doug Biehn says, “We’ve been launching new apps in the consumer space every 6 weeks for the past year, but this is our first big entree into the medical professional market.” I love this sort of iterative development in healthcare. While AliveCor does ECG, I think they’re just getting started. I’ll be interested to see what else comes out of this company as it continues to iterate and mature.

March 22, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Is Healthcare Overhead Holding Back New #DigitalHealth Solutions?

Earlier this year I wrote an article that questioned whether the Fitbit was really a digital health solution. I essentially came to the conclusion that Fitbit’s health data wasn’t clinically relevant and so that’s why we didn’t see it really impacting healthcare as we know it.

While Fitbit’s data may not be clinically relevant, Fitbit has still gone on to be an extremely successful wearable technology solution for consumers. For some reason we enjoy tracking our steps whether it really improves our health or not. Of course, maybe they’re also riding our own misconception that tracking steps improves health. Regardless, they’ve been extremely successful and haven’t had to prove that they actually do anything to move the needle in healthcare.

I wonder if this is the model that we’ll see happen most with digital health solutions. Instead of trying to actually take part in the ruthless, brutal, and complex healthcare infrastructure, I expect we’ll see most digital health solutions work on the outside.

Think about the overhead that comes with becoming FDA cleared or the overhead that comes with proving to a hospital that your solution really does improve patients’ health. That’s a lot of work compared with just creating the illusion of health and selling it directly to consumers. Maybe the illusion will play out as reality or maybe it will not. From a company’s point of view, all you have to do is keep the illusion in play and you can be successful.

No doubt this later strategy appeals to the startup culture that’s been created in the US. There’s so little that’s “lean startup” of MVP (minimum viable product) in healthcare. Most people in healthcare are afraid of anything that’s not mature. Healthcare regulations certainly discriminate against experimentation and show bias to mature technologies.

The only case that really can be made to entrepreneurs who want to pursue the harder path of proving their technologies is that once they’ve proved it they have a great defense against competitors who haven’t gone to that effort. That’s a powerful incentive, but not one that most will appreciated when starting a digital health startup company.

My gut tells me that the complexities of healthcare are holding many innovations from happening in healthcare. That’s unfortunate.

May 18, 2016 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.