Earlier this year [TTA 21 May] we noted China’s interest, governmental moves and private investments in digital health as part of ‘Internet Plus’: Tencent Holdings and Fosun International led the $35 million Series B round for ‘healthcare tricorder’ Scanadu; ZTE Health; Alibaba‘s investment in data cruncher CITIC 21CN. Now McKinsey partner Florian Then analyzed for Yahoo! Finance the promise of telemedicine and telehealth in that country, and the great problems they must solve. The huge disparity of care between urban and rural hospitals drives patients to the former, regardless of long distances and inconvenience. In population health, the unhealthy habits of much of China’s population make US/UK/EU concerns look unimportant: one of every three of the world’s smokers and 300 million hypertensives live in China.
A possible telemedicine-driven solution would be for urban hospitals to support via doctor consults and email rural hospitals to get patients into the medical system locally and earlier. Education would be delivered online, probably through those 847 million mobile phones on which 83 percent of Chinese Internet users access the web (market intelligence firm IDC). China also appears to be liberalizing (more…)
As this editor gets regular requests for survey data and forecasts, it would be a shame not to make readers aware of Industrial revolutions: capturing the growth potential, a recent 92-page report commissioned by the Gatsby Foundation from a partnership of Centre for Cities and McKinsey. Lord Sainsbury has written the foreword.
The report focuses on the lessons to be learned from clusters because:
1. Clusters are a major contributor to growth. The 31 economically significant clusters identified in this report contain 8% of the UK’s businesses, but generate 20% of UK output (gross value added).
2. Clusters are important sources of well-paid jobs. The United Kingdom’s top 31 economically significant clusters together employ four million people – one in seven of the working population – and they offer average salaries that are typically higher than those in the surrounding region.
3. Clusters bring business advantages that cannot easily (more…)
Readers will find the very readable McKinsey survey of patient attitudes to digital health valuable in helping them determine the best way forward to develop their online services.
The survey covered patients in three very different health services – UK, Germany and Singapore. Principal findings, headlined as five busted myths, were:
Myth: People don’t want to use digital services for healthcare – actually 75% of them (more…)
The McKinsey & Company consultants have compiled two lengthy PDFs (one long executive summary and a very long full study), plus a podcast by one of their researchers, on what they see are 12 core disruptors which will be familiar to most of our readers. None are labeled ‘healthcare’ but seven of the 12 fit right into any tech in the field: mobile internet, the ‘internet of things’, advanced robotics, automation of knowledge work, cloud computing, next-gen genomics and 3D printing. Disruptive technologies: Advances that will transform life, business, and the global economy (downloads in article)