Investor’s Digest of Canada
Interview, May 8, 2020
See Interview: Investors Digest_Interview Glorikian
Tech and health is a ‘gold rush’ for the 21st century
With data, health can take own temperature
The data gathering abilities that technology offers are changing how healthcare providers measure success by creating accountability and creating a “gold rush” for more and better information argues Boston based venture Capitalist Harry Glorikian.
Mr Glorikian general partner at New ventures Funds has a long career working with health related startups as an executive investor and advisor. along with medical science writer Malorye Allison Branca, he wrote Moneyball Medicine.: thriving in the New Data Driven Healthcare Market.
He also hosts a podcast called Money ball Medicine. where he discusses the use of data with healthcare and life sciences industry leaders. Mr Glorikian pinpoints the American Recovery and Reinvestment Act of 2009 (The Federal stimulus plan responding to the 2008 global financial crisis) as the start of the digital health revolution in the United States.
Although Medical offices and hospitals were already moving patient records from cumbersome hard to access paper files to computers on piecemeal basis the act kicked those efforts into high gear. It allocated US$ 19.2 billion to improving healthcare- IT in particular by implementing electronic health records. The widespread digitization of patient information gave healthcare providers and insurers access to far greater quantities of data, enabling them to recognise and analyse general health. trends as well as measure the effectiveness of specific treatments.