Digital Health

Monday, September 02, 2019

Insurance Modernization Fueled by Rise of Insurtechs

The recent rise of insurtechs has spurred modernization in the fundamentals of insurance, including policy creation, underwriting, and claims management. Insurtechs, such as Hippo and Lemonade, have implemented AI and data analytics to provide quick and accurate quotes to their customers while also decreasing their own operating costs.

Such innovation has disrupted the traditional insurance industry and has helped alter underlying business models of legacy companies, forcing them to more

Monday, November 05, 2018

Connected Health Services: Providing Opportunities for Traditional Security Providers

For traditional home security providers, the emergence of connected health products and monitoring services gives a new opportunity to serve consumers at home. The number of Americans age 65 and older is expected to double, according to research from Parks Associates, resulting in the growing use and need of various connected health solutions, including PERS.

Over the next several decades, there will be an increased need and demand for smart home devices, on-demand services and more

Wednesday, October 03, 2018

Wearables Driving Growth for Connected Health Market

New Parks Associates research shows that 46% of U.S. broadband households own at least one connected health device, up from 41% at the same time last year. This growth has largely been attributed to the increasing market for wearables, as 14% of consumers in broadband households now own a fitness tracker and 12% own a smart watch with the ability to track fitness activities and heart rate.

Growth in wearables adoption is likely to increase with the recent release of the Apple Watch more

Thursday, February 08, 2018

Sleep Tech Solutions a Key Theme at CES 2018

If you spent any time in the Sands Convention Center—part of CES 2018’s Tech West exhibition—you couldn’t miss the explosion of companies offering sleep solutions this year. From startups to established companies like Philips and Nokia, everyone wants to capture a piece of this market. Form factors on display include smart mattresses, sensor strips that slip underneath sheets, smart pillows, smart sensors that clip on pillows, smart sensors that clip on clothes, bed-side more

Wednesday, August 02, 2017

Are Today’s Healthcare Technologies Worth the Money?

The medical device industry lives and breathes through innovation, and digital technology is accelerating these innovations. Despite being part of a heavily regulated industry, notable changes have taken place since the enactment of the ACA and amidst the overall shift of the healthcare industry to value-based care models.
Medical devices are used for three general purposes: treatment, diagnostics and monitoring. A value-based payment system is driving innovations in all three more

Friday, November 11, 2016

The Rise of Consumerism in Healthcare

For centuries, doctors have had a commanding role in healthcare delivery. The entry of the modern health insurance industry forced doctors to mind their service delivery costs and operate by the access rules created by health insurers through negotiated network contracts between insurers and doctors. The result of this system has been a neglect of consumers’ say and a limitation of their choices in their own health management, until now.

Two macro elements have helped usher in a new more

Monday, September 12, 2016

The Key to Consumer Engagement for Connected Health Solutions

Parks Associates wrapped up the third-annual Connected Health Summit: Engaging Consumers in San Diego this week, hosting close to 300 executives and featuring more than 50 speakers, including keynotes from Annette Brüls, President, Diabetes Service and Solutions at Medtronic; Alex Hurd, Senior Director, Product Development, Growth and Payer Innovation – Health & Wellness at Walmart; Dr. David Rhew, Chief Medical Officer and Head of Healthcare and Fitness of Samsung more

Thursday, August 18, 2016

Heavy Burden for Caregivers: Impacting Healthcare Outcomes

The number of caregivers will greatly increase in the next five years as the baby boomer generation ages; over 115 million Americans will need caregiving assistance by 2020, either as care recipients or family caregivers. Currently, 8% of U.S. broadband households provide care to a family member and an additional 14% anticipate doing so by 2021.

Connected health solutions will play a key role in helping manage this massive workload. Community and health care professional support is more

Friday, July 29, 2016

Enhancing Personal Safety Devices with Wearables

Personal safety devices that track a user’s location and send alerts for emergency assistance stand as a unique opportunity for wearable technologies. Underlying health issues like stroke or conditions requiring multiple medications, the potential for injuries or falls during personal activities, or impaired cognitive capabilities such as Alzheimer’s can cause personal safety concerns.

The personal emergency response system (PERS) has a wearable component by default. PERS solutions more

Tuesday, June 21, 2016

APIs Play Key Role in Expanding Smart Watches

Parks Associates consumer research reports 11% of U.S. broadband households with children have a smart watch, and 16% plan to buy one by mid-year 2016. Ten percent of Spanish broadband households own a smart watch, followed by 8% in the UK, 7% in Germany, and 6% in France.

The expansion of mobile device platforms to wearable form factors is creating many opportunities for developers to build services and applications for wearables in more

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