WEBVTT
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SPEAKER 1: In the
future of medtech,

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data may drive more
value than devices.

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The information gleaned
from smartwatches

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and sensor-filled socks,
pacemakers, and replacement

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needs, oxygen-sensing
patches, and smart mirrors

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could, and in some
cases, is already

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starting to help patients
improve well-being,

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anticipate issues,
and change behaviors

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to maintain overall health.

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That move from device
maker to data provider

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entails a radical shift
in business models.

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Instead of making incremental
improvements to devices,

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medtech companies will use
transformative cognitive

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technologies to reshape
how we approach health.

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Dealing with the wash
of data is daunting,

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but medtech companies
don't have to do it alone.

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Instead of viewing
technology firms

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in specialized digital health
companies as competitors

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or disruptors, what if
medtech saw them as partners?

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These consumer-focused
companies already

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collect, store, and analyze
vast amounts of consumer data.

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What they lack is deep industry
knowledge and credibility

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with care providers.

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And that's exactly what medtech
companies bring to the table.

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Joint working teams between
consumer tech and medtech

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have the potential to
reduce medical costs,

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optimize provider performance,
shift the care setting,

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improve patient
outcomes, putting them

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at the epicenter of the system,
and help society transition

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from an acute care model to
one that fosters prevention

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and early detection,
all of which

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bring Med tech companies
closer to consumers

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and keep them critical
as we transition

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into the future of health.

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