Digital transformation in healthcare is expediting at an astral pace with diverse result oriented welfare schemes funded by international agencies. Wearable technology is harnessing ample possibilities in digitized ecosystem for effective transformation. Besides the conventional device excellence such as smartwatches and wearable sensor induce bands, the future of digitization in healthcare is further enhanced with breakthroughs in sensor technology.
Self-monitoring is a growing trend in digitization in healthcare, especially with growing number of geriatric population, keen on home care settings and self-assessment. Wearable fitness technology is therefore far from slowing down and is therefore estimated to benefit digitization in healthcare. Additionally, as healthcare insurance is yet another fast growing sector, these companies are also collaborating with wearable technology companies for healthcare to register new growth strides.
Max Bupa Partners with GOQii: a Novel Partnership Fuelling Digitization in Healthcare
Preventive healthcare is a niche and flourishing sector. Insurance behemoths such as Max Bupa are traversing the extra mile to engage in corporate partnership with tech giants such as GOQii, excelling in wearable technology. The company is best known for its offerings in fitness bands and fitness trackers, complete with physician expertise and lifestyle coaching. To prolong disease occurrence, insurance companies are strategically partnering with wearable tech giants to remain abreast of patient wellbeing. The insurance veteran is also guided to offer its customized financial assistance programs to the vast expanse of GOQii customers.
Additionally, expanding the ambit of cure technologies concerning mental wellbeing and HIV further diversify scope in digital transformation in healthcare.
Singapore strikes Partnership with American Wearable Tech Giant FitBit Supporting Live Healthy Initiative
Additionally, emerging economies are also diversifying their functional scope in digitized healthcare services. In a recent development, Singapore government has recently undersigned a collaboration deal with American wearable tech giant, Fit Bit, resonating with its dedicated healthcare programs such as Health Promotion Board. The program is crafted to better manage health status via improved technological aid and analytics. Health related data compilation is vital to pave way for novel insurance platforms. Its dedicated tool, Live Healthy SG is poised to include masses of diverse age groups inclined to pursue FitBit innovations across global platforms. These fast paced developments are poised to accelerate digital transformation in healthcare.
Apple Refurbishes its Smart Watch Series with Improved Heart Activity Monitoring Feature
However, the perils of data breach remains quite abuzz in insurance and wearable tech players’ ventures. However, in defense, insurance providers are akin on fuelling such partnerships in order to restructure premium policies to remain profitable. Furthering its dominance in wearable technology, recently Apple has doled out modified versions of its flagship Apple Watch Series 5 to influence digitization in healthcare. At a recent event, Apple is hopeful to roll out novel features benefitting heart monitoring thus improving health monitoring aligning with ongoing digital transformation in healthcare.