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November 19, 2019Health tech making big inroads in Australia’s health sector
Focus Report, ReportsVenture Insights believes that increases in Australian health costs are unsustainable into the medium term. Health costs are on the rise, with the FY17 real rate of growth for health spending increasing to 4.7%, relative to the 5-year average of 3.1%. Given that health costs exceed inflation and growth in GDP, it is only natural that Federal and State governments will either need to restrict their services or find substantial productivity gains to maintain health services over the medium and longer term. In this report we explore the roll of health platforms to deliver productivity gains. Telstra Health having invested around $235 million on various platforms and software is arguably the largest of any such players in the Australia market. Is Telstra the natural party to own Telstra Health or is it time that a new owner steps up and takes it to the next phase of its evolution? -
April 1, 2019Expectations versus reality in data-driven healthcare – how [...]
Flash Report, ReportsOn 19 March 2019, Venture Insights conducted a health sector breakfast roundtable (in our Melbourne and Sydney offices) to discuss the topic “Expectations versus reality in data-driven healthcare – how do we solve the medical data conundrum?”. We had two speakers: Karn Ghosh, CEO and founder of health-tech firm Hit100, and Dr Sam Prince from the Sam Prince Group and broad discussions and healthy debate among our 35 attendees. We discussed the challenges faced by health-tech businesses that arise from the current siloed, unstructured nature of health data across the Australian healthcare industry and what can be done to improve the collection and sharing of health data for the benefit of both industry participants and patients. The consensus view was that governments, health service providers, communities, individuals and emerging health tech businesses would all play a role in improving the quality of data collected, how it is stored, shared, analysed and used. These improvements will help build trust and grow consumer confidence which in turn should lead to health system efficiency improvements and better health outcomes.
November 28, 2018Telemedicine and AI Outlook in Primary Care
Flash Report, Market Outlook, ReportsIn this report, we provide a brief overview of ‘telemedicine’ including a 2035 forecast of the impact of telehealth tools, both human and artificial intelligence, in relation to ‘unreferred medical services’2 in the primary health market. This report does not assess or analyse the full potential for telemedicine which derives from other applications, such as remote surgical operations, sharing of digital health records or remote patient monitoring. These activities clearly would have significant additional benefits to the those explored in this report. The report outlines the importance of primary care in shaping Australian health and seizing ever-increasing health costs.
November 27, 2018Telemedicine in Australia
Flash Report, ReportsIn this report, we provide a brief overview of ‘telemedicine’ and business models associated with provision of telemedicine services along with barriers that may slow down adoption of the online tool. Venture Insights believes that telemedicine will play an important tool in scoping the primary care in Australia- changing the way GPs deliver their services. We believe that the inefficiencies in healthcare, growing health costs and rising demand for quality care lead to a rising need for disruption: tools that can reduce costs while driving access to care.
November 2, 2018AI and Genomics in Healthcare
Flash Report, ReportsGiven the unsustainability of health expenditure growth rates, we explore how AI and genomics might assist Australia to achieve higher quality health services at lower costs. We provide a definition and analyse main drivers and impacts of implementing AI and genomics in medicine.
May 13, 2018Bad health habits?
Focus Report, ReportsAustralia's overall health expenditure is growing faster than GPD - with no end is sight. Mega demographic trends such as ageing population suggest that our health costs as measured as a percentage of GDP will continue to grow for the foreseeable future. This places ongoing pressure on Governments and individuals to find the funding to support our health. The almost out of control tends with chronic avoidable diseases are a worrying concern. However, its not clear that lack of education is the only problem do we just have terrible health habits? If so, what can be done about its and who (governments, health insurers, health providers or individuals) should be responsible.
February 19, 2018Top Australian Healthcare Tech trends to watch in 2018
Flash Report, Reports$450.00Digital and mobile technologies are providing the foundation for many emerging healthcare innovations that are disrupting the Australian healthcare market. To keep pace with this continuous transformation, healthcare operators will need to embrace new technologies to improve health outcomes, be cost effective and provide timely care.
October 11, 2017Game of Genomes – decoding the future of healthcare
Focus Report, ReportsMainstream genomics is still nascent but further decline in sequencing costs will drive adoption. Unprecedented intelligence (i.e. big data) involving the genotypic and phenotypic data of individuals will completely reengineer our health system over the next decade. Genomics is a game changer that will reshape not only the clinical health system but also our personal wellness and lifestyle decisions.
September 6, 2017National Digital Health Strategy – one byte at a time
Flash Report, ReportsIt’s time to move on from relying on doctors’ memories and the pulling together of fragmented information from across the health system. The National Digital Health Strategy outlines the transformation of the Australian healthcare system from a paper-based records system to a digital one that ensures the right information, at the right place and at the right time.$450.00
August 10, 2017Disruption in Aged Care – Rise of the Silver Surfer
Focus Report, ReportsAustralia is in the early stages of a ‘silver tsunami’ that will play out over the next three decades. Like its population, the aged care industry is getting long in the tooth and the convergence of an ageing population, aged care reforms, evolving business models and technological disruption is about to reshape multiple areas of the aged care ecosystem.
November 6, 2015Disruption In – Disruption is good for health
Focus Report, ReportsOur proprietary Disruption Framework has identified the Healthcare industry as vulnerable to disruption. We estimate that A$23b of A$130b (revenue) is susceptible to disruption with a proportion of this at risk with big data in eHealth, point of care testing and mHealth emerging as the key disruptive trends. We believe Telstra will lead the disruption in healthcare.
