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When was the last time you checked your fitbit? 10 years ago, this technology was accessible only in hospitals or medical centers, but today, we’ve reached a point in human evolution (thanks to technology), where we can keep a track of our sleep, diet, and fitness at the tip of our fingers and take necessary measures to fix our lifestyles.
We’re certainly in the process of self-diagnosis and treatment for ailments that range from a little flu to a spinal injury because the future is not very far from us!
What Is Health Tech?
Any IT equipment or software intended to increase hospital and administrative productivity, to bring fresh perspectives on medications and treatments, or enhance the standard of care overall is referred to as healthcare technology or health tech.
Healthcare technology can improve workflows, automate jobs, and streamline operations at a scale that is impossible for humans to achieve alone as organisational needs expand.
These solutions are assisting healthcare workers to enhance patient care, foster better experiences, and lessen burnout as hospitals and health systems adopt value-based health reimbursement models.
Our First Aid Pro course understands the importance of keeping up with moving technology and the need for advanced equipment. It’s a course that trains you well for real-world accidents and helps you keep up.
The pandemic has left a void behind with staff shortages but technology saved the day.
We hope this video gives you an insight about health tech, the elements involved and the way it impacts lives.
What Is The Difference Between Health Tech and Digital Health?
Health tech – The term “health tech” refers to a broad range of solutions being developed to address specific problems, from websites and email to the software and hardware we use to deliver them.
Digital Health – A more comprehensive term, “digital health,” describes the fusion of technology and medicine to enhance the way healthcare is delivered and its results.
According to insights10.com, Australia’s digital health industry, which was valued at $2.5 billion in 2022, is anticipated to increase at a CAGR of 20.10 percent from 2022 to 2030 and reach $10.96 billion in 2030.
In the first half of 2020, Australia underwent significant changes to the way telehealth and virtual care services are compensated, along with an increase in the usage of digital health technologies by patients and the medical community.
The Australian Government is contributing $107.2 million to the modernisation of our healthcare system in order to carry out Australia’s Long-Term National Health Plan.
This has given rise to 10+ health tech startups in Australia over the years.
The Role of Australian Digital Health Agency In Health tech
The Australian Digital Health Agency (ADHA) has been instrumental in determining the direction of health technology in Australia.
The ADHA has led various developments that have revolutionised the healthcare industry as a government organisation specialising in digital health projects.
The ADHA has supported the implementation of electronic health records, telehealth services, and secure digital communication platforms through its collaborative efforts with healthcare providers, technology businesses, and governmental authorities.
Health Tech Companies: Sydney
2. Leo Cancer Care
4. Omniscient Neurotechnology
1. Prospection – is at the forefront of empowering individuals to make evidence-based decisions through their state-of-the-art health data analytics solutions.
Their advanced suite of tools provides unparalleled access to therapeutic evidence, enabling a faster and more comprehensive understanding of patient cohorts.
By leveraging their proprietary technology, Prospection identifies opportunities to improve health outcomes by determining precisely where and when treatment efficacy can be enhanced in real-world settings.
Founded – 2012
2. Leo Cancer Care – This is a pioneering company rooted in Australia, has revolutionized the field of Radiation Therapy by focusing on improving its clinical effectiveness.
Drawing upon global research, Leo Cancer Care has harnessed the power of upright patient positioning to enhance treatment outcomes.
By eliminating the need for large and expensive rotating gantries, Leo Cancer Care has successfully improved the accessibility to Radiation Therapy.
Instead, they have introduced the concept of slow patient rotation, empowering both patients and clinicians to face the therapy together on an eye-to-eye level.
This innovative approach not only ensures a more personalized and collaborative experience but also maximizes the efficacy of the treatment.
|Founded – 2013|
Category – Medical Diagnostics
3. Mable – By leveraging technology and empowering patients, Mable offers a transformative model that allows older Australians and individuals with disabilities to have greater control, choice, and flexibility in shaping the care and support they receive.
Through Mable’s model, over seven million hours of support have already been provided, with approximately 11,000 approved and active small businesses making a positive impact in the lives of patients.
With the infusion of technology and a patient-centric approach, Mable paves the way for a more inclusive, personalized, and efficient care system.
Founded – 2014
4. Omniscient Neurotechnology – The company’s overarching goal is to enhance the lives of billions of individuals through the utilization of brain network data, commonly referred to as connectomics.
Through their expertise in deciphering intricate neural data, Omniscient Neurotechnology aids in the generation of informed decisions regarding the brain.
As we venture into the future, advancements in artificial intelligence (AI) and cloud computing have paved the way for accessible solutions that are user-friendly, eliminating the requirement for extensive technical expertise.
By harnessing these cutting-edge technologies, the company ensures that its customers can effortlessly leverage their offerings to unlock a deeper understanding of the brain and make meaningful progress in enhancing cognitive well-being.
Founded – 2019
Health Tech Companies: Melbourne
- We Guide
- Fat Secret
- Ally Assist
1. We Guide – This globally recognized and authorized company offers a cutting-edge digital health platform that eliminates the need for coding and expedites the creation of transformative health technology solutions.
Over the past decade, their dedicated team, fuelled by a profound passion for global healthcare impact, has successfully built more than 70 innovative digital health products.
Notably, each WeGuide project saves researchers and clinicians a significant amount of time – a remarkable three months or approximately 3,400 development hours – that would otherwise be spent constructing a platform for collecting clinical trial data.
Through their exceptional platform, WeGuide empowers healthcare professionals to focus on their core objectives, ultimately leading to improved patient outcomes and revolutionizing the field of digital health.
|Founded – 2009|
Category – Healthcare product technology
2. Fat Secret – This firm supports the diet and nutrition goal platform through the cultivation of healthy and sustainable habits.
To promote this behaviour, they offer personalized nutrition tools and foster a highly supportive community.
With over 90 million downloads on iOS and Android, their free mobile apps empower users to track their nutrition and fitness progress while engaging with a global community that provides unwavering support.
The FatSecret community benefits from access to the largest and most comprehensive database of food and nutrition information available worldwide, encompassing generic, branded, and restaurant-specific food items.
Through these valuable resources, FatSecret equips individuals with the knowledge and tools to make informed dietary choices and cultivate a healthier lifestyle.
|Founded – 2007|
Category – Health and Wellness
3. Frankie Health – This startup emerges as a game-changing B2B mental health platform, dedicated to simplifying access to personalized support for both remote and on-site employees.
In a world where 1 in 4 individuals experience mental health challenges, Frankie Health takes on the task of addressing this rapidly expanding global problem.
Through an ingenious combination of digital tools, the platform empowers individuals with online therapy capabilities while providing a comprehensive employee mental health platform.
This holistic approach encompasses both preventative measures and responsive support, ensuring that remote teams receive the care they need.
Frankie’s innovative solution revolutionizes the way mental health support is delivered in the workplace, making it more accessible and impactful for employees worldwide.
|Founded – 2020|
Category – Mental Health and Wellbeing
4. Ally Assist – This company is registered NDIS provider specializing in therapy assistants and offers a valuable service to individuals and families seeking support.
They carefully connect people and families with therapy assistants who are university students pursuing degrees in fields such as Physiotherapy, Occupational Therapy, and Speech Pathology.
By doing so, Ally Assist ensures that clients receive professional assistance from individuals actively studying and gaining expertise in these allied health disciplines.
With a focus on core areas such as assistance with daily life, social and community participation, daily living skills, and health and well-being, Ally Assist strives to enhance the overall quality of life for their clients.
Their dedication to increased social and community participation further reinforces their commitment to facilitating meaningful engagement and inclusion.
|Founded – 2020|
Category – Disability Support Technology
Health Tech Startups: South Australia
1. Lumary – This startup is dedicated to fostering the optimal synergy between cutting-edge technology and exceptional human care.
With a firm commitment to our customers, we have successfully established a seamless healthcare ecosystem through their pioneering technological solutions, unwavering support, and collaborative approach.
Over a span of five years, Lumary has been privileged to assist leading disability, aged care, and allied health providers in Australia, enabling them to embark on a digital transformation journey that enhances operational efficiency, cultivates a connected workforce, and ultimately delivers an experience centred around their valued customers.
Founded – 2009
2. Ferronova – This organisation firmly believes that leaving no cancer undetected presents a significant opportunity to empower surgeons and pathologists, enabling them to optimize their expertise and facilitate the adoption of less invasive procedures.
The convergence of exceptional proficiency in chemistry, bioengineering, and medicine holds immense promise in revolutionising the diagnosis and therapy of early-stage cancers.
Through the collaborative efforts of these multidisciplinary fields, we aim to uncover innovative solutions that will reshape the landscape of cancer staging and treatment, fostering a future marked by enhanced medical care and superior patient well-being.
Founded – 2016
3. Presagen – The potential for artificial intelligence (AI) to significantly impact women’s health outcomes across various areas is widely recognized.
Among these areas are Ovarian, Breast, and Cervical Cancers, Endometriosis, and Polycystic Ovarian Syndrome, just to name a few. What sets them apart is their clinic-centric model, which fosters collaborative partnerships with clinics worldwide.
By sourcing globally diverse data, they eliminate biases associated with individual clinics, be it in terms of patient demographics or clinical settings.
Leveraging this data, Presagen’s AI technology can be applied to other clinics, making it highly adaptable and scalable on a global level.
Importantly, this approach ensures that the healthcare products they develop benefit all patients while delivering substantial commercial value to the participating clinics.
As an AI specialist tech company, this is at the core of their purpose and drives them to make a meaningful impact in the field of women’s health.
Founded – 2016
4. Splose – Established in 2018, Splose initially emerged as a proficient web developer primarily catering to Allied Health practitioners.
During this time, they gained valuable understanding of the practice management systems utilized by their clients.
It became evident that these existing systems were fraught with issues, characterised by their unreliability, sluggishness, and hindrance to optimal team performance.
Motivated by a desire to alleviate administrative burdens for healthcare providers, they embarked on a mission to create an automation software that would not only streamline processes but also offer a delightful and user-friendly experience.
Their goal is to empower practitioners by removing the stress associated with administrative tasks, enabling them to focus on delivering exceptional care to their patients.
Founded – 2018
By harnessing the power of technology, we have witnessed remarkable advancements that have positively impacted countless lives to improve health outcomes.
Health tech solutions, ranging from mobile apps to wearable devices, provide us with invaluable tools to monitor, manage, and improve our health.
These innovations empower individuals to take charge of their well-being and make informed decisions about their lifestyle choices.
Moreover, health tech fosters collaboration among allied health professionals, enabling seamless communication and coordination of care.
This interdisciplinary approach ensures that patients receive holistic and comprehensive treatment, leading to better health outcomes.
From remote patient monitoring to telemedicine consultations, health tech has transcended geographical barriers, expanding access to healthcare for individuals in underserved areas.
As we continue to embrace and evolve with health tech, we unlock the potential to transform the way we approach healthcare, improving health outcomes and empowering individuals to live healthier and happier lives