Tag: innovation

How the Pandemic is Changing World Healthcare: Dr. Paul Rothman, Johns Hopkins

Hospitals were at maximum capacity for weeks on end due to the rapid spread of the coronavirus. While medical professionals gave their full attention to those suffering from the epidemic, patients with other health concerns were often sent home from hospitals both for their own safety and to increase available space for COVID-19 patients. Those reliant on routine medical care or in need of other emergency care were left looking for ways to access medical professionals while staying safe. Thanks to telehealth, patients were able to get the medical attention they needed from the safety and comfort of their own home. Telehealth gained momentum quickly. In less than two weeks, Dean of School of Medicine and the CEO of Hopkins Medicine, Dr. Paul Rothman, said Johns Hopkins went “from providing a couple dozen telehealth visits a day before the pandemic to about 5,500 [telehealth visits] every day.” Dr. Rothman spoke about the effects of COVID-19 on world healthcare at the OurCrowd Pandemic Innovation Conference last month.  There are clear benefits to telehealth, namely the increased accessibility to the patient...

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Creating Global Access to Medical Innovation: Ruth Atherton, Bill & Melinda Gates Foundation

15-million cases and 617,000 deaths. To many, the quick spread and drastic transformation of society at the turn of the coronavirus pandemic was a shock. That’s not to say many didn’t see it coming: WHO published a strategic action plan for pandemic influenza in 2007 and in 2014 Bill Gates, representing the Bill and Melinda Gates Foundation, presented a TED Talk about his anticipation of both a pandemic and societal lack of preparation for such an international medical crisis.  The Gates Foundation has been making efforts to help mitigate the current crisis by creating global access to medical innovation. We invited Dr. Ruth Atherton, Deputy General Counsel and Director at the Bill & Melinda Gates Foundation, to speak at last month’s OurCrowd Pandemic Innovation Conference where she offered insight into what’s been going on and what we can expect.  “The world bank currently estimates that for the first time since 1998, global poverty could actually increase,” said Atherton. “Up to 49-million people may be pushed to extreme poverty, which means living on less than $1.90 a day.” Atherton stated...

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Meet your healthcare providers post Covid-19: Greater agility, better infection containment, fast diagnostics & telemedicine

When the coronavirus surfaced in China in December 2019, it set off a domino effect worldwide – with the number of active cases snowballing rapidly.  By February 2020, the daily increase in people falling ill with Covid-19 was in the thousands and -though international borders closed down and households went into lockdown – active cases skyrocketed in June to approximately 130,000 new cases a day, according to Worldometer.  Major global cities from New York, to London, and Mumbai found their healthcare systems direly overwhelmed by the tsunami of symptomatic citizens. Many countries tried to “flatten the curve” of the contagious infection to manage the unprecedented overload on public health systems, and to distribute the demand for medical care, intensive care unit beds, and ventilators over a longer period.  This large-scale global pandemic made healthcare – an industry traditionally slow to adopt innovation because of cumbersome regulatory and governmental pathways, low IT budgets, legacy systems, lack of trained personnel, and more – ripe for disruption. Technology entrepreneurs, unfettered by politics, bureaucracy and public financial constraint, entered the mainstream for the...

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The Future Came Early

Traditionally, corporations that invest in innovation during a crisis outperform peers by up to 30% during recovery, a recent McKinsey report reveals. Ironically, the same report also reveals that current corporate commitment to innovation has been decreasing as CEOs prioritize their core business in the wake of Covid-19. A brief look into the history books reveals another truth: The average life expectancy of corporations on the S&P 500 has been decreasing sharply — from 60 years in the 1950s to less than 20 today. The main reason is tech disruption, or the introduction of a new technology to market that renders all previous products obsolete.  But while tech disruption is nothing new — it’s been with us since the industrial revolution — the pace of technology adoption has increased sharply over the years. It took Americans about 50 years to adopt electricity in their homes, but only 10 to adopt the smartphone.  Then came Covid-19, which has accelerated tech adoption like never before. Amazon is hiring 100,000 new employees to meet record demand for e-commerce. Online grocery shopping has...

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In the News: Join leading medical & business experts for June 22 pandemic innovation conference

Speakers announced for the upcoming OurCrowd Pandemic Innovation Conference on Monday, June 22; to name a few: Dr. Paul Rothman, CEO, Johns Hopkins Medicine Professor Joseph M. Jacobson, Head, MIT Molecular Machines Research Group Dr. Ruth Atherton, Director, Bill & Melinda Gates Foundation Sigal Kremer-Tal, MD, Chief Clinical and Regulatory Officer, MigVax (leading vaccine startup) See more featured speakers, plus agenda preview. The online conference will explore the latest technological solutions to the coronavirus crisis, including vaccination, treatment, diagnostics and prevention of the disease. The sessions will also cover non-healthcare innovations addressing the changing nature of work and life brought about by the ‘Pandemic Pivot’ occurring in the global economy.  Top Tech News Insurtech leader Lemonade files for an IPO in New York, targeting $100 million. More great news from leading Israeli coronavirus vaccine developer MigVax – welcome to the Board of Directors, Eyal Desheh (previously CFO of leading Israeli companies Check Point and Teva Pharmaceuticals). MagniLEARN, another emerging star from Labs/02: The Israeli method that could teach China to speak English.  Shouldn’t there be better tools and technology today to know what...

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