As a long-time innovator and Stanford and Harvard-trained doctor and scientist, Dr. Daniel Kraft has seen how technological developments impression affected person care and has spoken extensively on the intersection of healthcare and expertise.
Kraft, who can be founder and chair of Digital.Well being and NextMed Well being, and in addition common accomplice at Continuum Well being Ventures, sat down with MobiHealthNews to debate how his agency invests in digital well being corporations and methods during which rising applied sciences are and can proceed to impression the way forward for digital healthcare.
MobiHealthNews: What do you suppose is the present state of digital well being?
Dr. Daniel Kraft: In some methods, it is onerous to understand, however it’s nonetheless early. I imply, healthcare might be the final huge business to get digitized. After all, we’re nonetheless utilizing fax machines and DVD-ROMs to share data. And I might argue that almost all clinicians, whereas many extra are digital natives, few are but totally embracing this digital facet of well being and medication.
So, you recognize, I feel the problem is now going between options and getting them built-in into workflow and reimbursement so we will actually transfer the needle. So, it is a time of super alternative, plenty of innovation, however the rubber hasn’t fairly but met the street.
The basic instance is Pear Therapeutics, which simply went bust, proper? An ideal answer with a superb proof base and reimbursement however not but leveraged by sufficient clinicians. And so a part of what must occur is there must be training for clinicians of every kind to know the artwork of the attainable – what’s right here and what’s coming subsequent.
MHN: You have seen digital well being change a lot over time. At this level, what kind of digital well being corporations do you look to put money into?
Kraft: I cofounded a comparatively new seed-stage-focused, digital-health-focused fund known as Continuum Well being Ventures, and we’re seeing a ton of nice innovation and entrepreneurs, and it is arguably a greater time to be an investor in comparison with two years in the past when the valuations are a little bit bit hyperbolic. And so there’s plenty of potential to put money into actually high quality corporations with good key ache factors they’re fixing for and unmet wants and a path to regulatory and reimbursement.
I feel the larger reply is that individuals nonetheless underestimate how rapidly issues are shifting, and AI and ChatGPT is only a nice instance. And after we’re constructing options as innovators and digital well being entrepreneurs and whilst clinicians, we do not wish to be working with a tech stack of 2023. You need to concentrate on what’s more likely to be right here in 2025 and 2033.
We’re what we’re going to have the ability to do with this new period of simple to acquire steady data, which can result in like the continual bodily examination, and the way are clinicians and healthcare techniques going to sift by way of all that to make it actionable and helpful for prevention and longevity, healthspan, diagnostics and remedy.
And so, I take into consideration healthcare as this continuum, from staying wholesome and optimizing well being to diagnostics, choosing up illnesses tremendous early, which digital instruments can do, after which remedy, which could be enabled, whether or not it is digital, therapeutic or utilizing these instruments to tell your drug, or your machine, or your surgical procedure.
MHN: The place do you see the way forward for digital well being? How do you suppose it’s going to progress as expertise progresses and clinicians begin to embrace it extra?
Kraft: We’re on the precipice of with the ability to acquire large quantities of knowledge, proper? From wearables, and your digitome and your microbiome and your sociome and your exposome, then begin to make sense of that in an built-in, extra customized, exact method.
And so we will now create large quantities of knowledge and new insights. The trick is translating huge knowledge to insights to actionability.
There’s even an entire new area of implementation science. And I feel the place digital well being also can play a task is now shifting extra rapidly from knowledge insights to motion, whether or not that is for the human, the buyer, the affected person, the clinician or the healthcare system. And so I feel the place it is heading is to, you recognize, it is an overused time period, however go from our sick care mannequin of intermittent reactive knowledge collected within the 4 partitions to this close to way forward for steady proactive, customized anytime, anyplace care.
And we see sparks of that elsewhere and in numerous techniques. The trick, once more, is aligning the incentives, the workflow, and the cost fashions to make that change occur extra rapidly, and naturally, COVID was a catalyst for that as nicely.
And we by no means talked about AR/VR. I prefer to name them the Mediverse and that we’re heading to this world with this conversion of generative AI, the place I can nearly think about generative well being … the place you can create that type of well being bubble round every particular person –the affected person and the buyer – that talks to them of their language primarily based on age, tradition, language training.
This concept of adaptive well being blended with AR/VR/XR can create that form of consumer layer that makes it very intuitive to have interaction.
That is the place this generative well being piece can actually assist engagement as a result of plenty of these digital instruments, they usually aren’t as sticky. Typically they want gamification, typically they do not.
And I feel we’ll find yourself with the ability to mix the UI with actually efficient underlying expertise and connecting the dots. As a result of after I take into consideration digital well being, it is actually the flexibility to attach knowledge, insights and join the dots to take care of who you might be, the place you might be and in what setting, together with public well being and international well being. So plenty of alternatives, and I feel it is nonetheless early days.