eHealth News, South Africa

Discovery Drives MedTech Innovation

Discovery recently hosted entrepreneurs for the inaugural discussion on the use of technology to drive medical innovation.

Discovery - EHN

Discovery recently launched the 2016 Discovery Entrepreneurs Medical Technology programme and hosted entrepreneurs for the inaugural discussion on the use of technology to drive medical innovation.

During the launch, industry experts and participants were led by Discovery Health’s Deputy CEO, Dr Ryan Noach, and Discovery’s Head of People and Corporate Sustainability, Dr Penny Moumakwe, in a discussion about the gaps and opportunities in healthcare, and how technology can be harnessed in South Africa and across the world to improve access to and lower the cost of healthcare.

The Discovery Entrepreneurs Medical Technology programme aims to provide local medical technology entrepreneurs with the opportunity to network and learn in a global market. Through the programme, participants will look at how technology is transforming the American healthcare system; new innovations designed for emerging market consumers; and alternative approaches to venture capital.

The programme includes a trip to Silicon Valley from 27 November to 3 December 2016.

Entrepreneurs who are interested must submit their applications by 25 September 2016. From these applications, 20 will be selected to spend the week in the San Francisco Bay area exploring the latest in global technology-driven innovation.

According to Discovery, the increasing burden of disease, innovative treatments and technology, compliance, and fraud and waste in healthcare are some of the challenges facing healthcare globally. To find solutions to these challenges healthcare organisations are increasingly looking at digital solutions address these challenges.

“We are in a global digital healthcare revolution with significant investment across various categories. These include wearables, analytics and data, digital medical devices, population health management, personal health tools and tracking as well as the evolution of electronic health records,” said Dr Noach.

“The pace of digital health funding in the first half of 2016 echoed the record-breaking years of 2014 and 2015, with funding just passing the $2 billion mark. This is an exciting time for start-ups looking to disrupt the game,” concluded Dr Noach.

Detailed information about the programme and how to apply is available on the Discovery website.

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