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With the changing legislative and regulatory landscape in the US over the past many years, there has been a lot of talk around the emergence of Accountable Care Organizations (ACOs - defined below) and the greater role they will play in the future. Hopes are high that these organizations can help to right some of the compounded wrongs in the industry. First things first, I think it is useful for us all to gain some greater clarity behind what an ACO is – a term that is still relatively new to most of us, having first been coined in 2006.
It’s no surprise - advances in health care and medical technology are extending life expectancies worldwide. Humans are simply living longer, and although this is generally good news for human kind, it increases macro pressure on health care systems and social programs. In challenge lies opportunity – enter digital health - but we’ll table that for now.
I currently am tracking 509 Digital Health companies across 21 categories, with combined funding of $7.05B. Digital Health is an extensive and evolving term, but simply stated, it is the application of digital technologies to enhance both personal health and the delivery of healthcare. These companies all focus on using emerging technologies to deploy solutions across the entire health ecosystem - from individual consumer to healthcare provider to employer to large hospital system, from biometric sensors to genomics to mobile connectivity to cloud computing.
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