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Life Sciences and ICT from a VC point of view
Nissim Darvish, MD, Ph.D.,Senior Managing Director
e-Health-or the Marriage of ICT and Healthcare: The HICT
• e-health = Healthcare practice which is supported by electronic
• processes and communication (Source: Wikipedia)
• ICT can improve the speed and the automation of the information management (capturing, transmission , processing and storage) in a secure, scalable and efficient way.
1. Better quality of care2. More efficient use of scarce resources (1)3. Better quality of life patients4. Better quality of life Healthcare professionals5. Better Financials
HICT can be translate
1 Redundancy and inefficiency account for 25-40% of cost (eHealth taskforce report 2007-EC)
• The healthcare information technology market is estimated to be $53.8 billion by 2014, growing at a CAGR of 16.1%. The market is expected to grow mainly due to:
• electronic medical records,• electronic health records• computerized physician order entry system• Non clinical systems.
The main driving element for global healthcare information technology market is the changing government regulationsand government initiatives tobring down the healthcare costs.
The three fundamental elements of healthcare ICT investment: practitioners, patients, and processes. All three are of equal importance and should be prerequisites to funds HCIT.
•Adapted from Cisco Internet Business Solutions Group
For HCIT – Electronic Records to work ? •Infrastructure and Technical challenges
• Secure/reliable wireless connection• Battery
•Errorless sensors •Business model •Cost•Interoperability•Privacy and confidentiality•Workforce •Incentive: Doctors/patients/payers/hospitals •Government priorities are driving the change
Yogesh Gianchandani and his team at the University of MichiganReport #C245, "Worldwide Coronary Stents Market, 2008-2017," published May 2009 by MedMarket
• Social• • 80+ population: doubles until 2050• • 60+ population: from 20% in 1995 to 25% in 2020• • 50+ population: 21% has severe vision/hearing/dexterity problems• • Today 4 working for 1 retired, in 2050 only 2 working for 1 retired• • Cost of pensions/health/long-term care: up by 4-8 % of GDP (2025)• • Shortfall of care staff
Economy • • Wealth and revenues in Europe of persons over 65 is over 3000 B€• • Smart homes market will triple between 2005 and 2020• • Early patient discharge by tele-health: reduced cost of 1,5 B€ p.a. (DE)• • Tele-care technology at home: Empowerment of elderly and efficiency • gains of 25% (UK)• • Telecare market >5 B€/year by 2015 in Europe
This document does not constitute an offer of securities. Such an offer will only be made by means of a Confidential Memorandum to be furnished to investors at a later date. The manager may make changes to this document without notification.
Click to edit Master subtitle style
Nissim Darvish, MD, Ph.D.,Senior Managing Director