3 Startups Harnessing Data to Improve Patient Care

Short blog post for Bloom Partners – published January 2021.

Data is the new gold – and healthcare is no exception.

30% of the world’s data is generated by the healthcare industry. This data may reveal crucial insights and patterns for diagnosis and treatment, but lack of collection or analysis mean it is often underleveraged.

At Bloom, we have long been believers in the power of data in transforming business models. We have seen time and time again the transformative effect collecting and applying the right data can have on strategy. We are pleased to see a host of new players are harnessing healthcare data to unlock new value – and even save lives.

Today, we take a look at 3 exciting German startups in this space:

AN ALGORITHIM FOR SCREENING SYMPTOMNS
Ada Health is an end-user self-assessment tool which helps patients identify the cause of their symptoms – before heading to a specialist. Users clickthrough the normal screening questions a doctor would ask to rule out conditions. The algorithm identifies likely causes, saving time for both patients and HCPs.

REFINING DATA FOR PRECISION DIAGNOSTICS
Aignostics uses AI to scan massive quantities of data and output precision diagnostics for pharmaceutical research, clinical trials and CDx development. The technology maps results on user-friendly heatmaps and image overlays.

DATA-DRIVEN DIAGNOSIS
Sherlog.ai is the future of radiography – this innovative AI solution analyses medical images and compares them with extensive data from the database. This provides more accurate, timely diagnoses, especially for minor or rare abnormalities which may have flown under the radar.

The massive amount of data generated by healthcare is an often-underexploited opportunity. While no one person can analyse all the data that exists about every patient, AI can gain a broad overview and uncover otherwise undiscovered patterns or problems.

Rather than replacing healthcare workers, cataloguing this data can free up HCP’s time for what they do best – providing care.

What’s the most unexpected insight you have gained from data?

Share your thoughts in the comments!