I will be making this announcement to 48,000+ members of the Digital Health LinkedIn group. If you’re on LinkedIn, please do join the group, which allows you to opt in to receiving these announcements in addition to connecting with thousands of other global stakeholders in digital health. Note that I will continue to update this announcement up until sending out the final version via LinkedIn.
The Digital Health Update by Paul Sonnier ⋅ Aug 11, 2016 ⋅ #234
Dear Group,
While the kinks are still being worked out with self-driving cars—including the latest incident in China, where a driver’s Tesla was damaged when it hit a parked car—the life-saving capabilities are surfacing. For instance, last week a man suffered a pulmonary embolism while driving his Tesla and then used the autopilot feature to make it 20 miles to a hospital, where doctors saved his life. While autopilot did most of the driving, upon arrival the man still had to manually steer the vehicle and park it. As I shared back in October, self-driving cars could save 300,000 lives per decade in America, alone. This is comparable to the life-saving benefit of modern vaccines, which save 42,000 people in the U.S. each year. Global estimates are for 10 million lives saved per decade. Moreover, there could be a savings of nearly $200B per year in health-care costs associated with accidents. This is good for the environment, too, as driverless cars could reduce emissions by 90%.
Other industries will likely see major gains as well due to increased utilization of both self-driving cars and ride-sharing services. The $1.5T global alcohol industry may grow at nearly double the current rate equating to a jump of nearly-$100 billion annually through 2025. Morgan Stanley assumes that the joint population of drivers and those who drink will consume one extra alcoholic beverage per week on average. Unfortunately, this additional alcohol consumption could have adverse health effects at the population level. For historical reference, ride-sharing service Uber claims that it has prevented nearly 2,000 drunk-driving crashes since 2012.
In his book, “The Third Wave: A Entrepreneur’s Vision of the Future“, AOL co-founder Steve Case says that we’re now experiencing the Third Wave of the Internet, which is the next technological revolution unlike anything we’ve seen before and that it will transform the economy and the way we live our lives. In an LA Times interview, Steve points out that education and healthcare are ripe for start-ups. And while the two industries are different, they are similar in the sense that digital disruption is occurring both endogenously and exogenously. In a Guardian op-ed “Silicon Valley was going to disrupt capitalism. Now it’s just enhancing it“, Evgeny Morozov points out that tech firms, finding it difficult to make a dent in established markets are partnering to overcome it. For example, partnerships between companies like Alphabet/Google and GSK (pharma), plus 23andMe and Pfizer (pharma), as illustrating that “the players best positioned to take advantage of all that data are precisely the guardians of the old capitalism”. While this is also a form of diversification for players in both sectors, as I pointed out in a tweet reply, establishment healthcare—a “guardian of the old capitalism”—is being disrupted externally. Digital health companies and others that help consumers improve their health, manage disease, or prevent it all together, drive decreased healthcare demand. People who avoid contracting preventable chronic diseases (which drive 86% of healthcare costs) will not need as much health care, including pharmaceuticals and health insurance.
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The post The Digital Health Update by Paul Sonnier ⋅ Aug 11, 2016 ⋅ #234 appeared first on Paul Sonnier - Story of Digital Health.
from Paul Sonnier – Story of Digital Health http://storyofdigitalhealth.com/digital-health-update-paul-sonnier-aug-11-2016-234/
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