The number of Brazilian medical hot health technology startups is exploding

Solving the needs of most people is something that companies and investors are happy to see. Like Brazil's recent investment boom, it focuses on innovations in financial technology innovation and on-demand business models, and the number of health technology startups in Brazil is exploding.

There are huge inequities in access to health services in Brazil, and serious quality problems, heavy costs and inefficiencies have seriously affected the normal medical treatment of tens of millions of people in the country. As a result, companies are greatly benefiting from the process of bringing medical technology innovation to market.

In a recent study by Liga Ventures, there are currently more than 250 start-ups focused on health in Brazil. Brazil is the seventh-largest health market in the world, spending more than $42 billion annually on private health care. However, due to inefficiency, Brazil has wasted more than $18 billion, while medical-related costs have doubled in the past five years (accumulated inflation reached 38%).

In other words, the time is ripe for the Brazilian medical system to collapse. The medical technology startup is one of the five characteristic vertical markets of Cubo Itaú, one of the world's largest entrepreneurial centers, based in Vila Olimpia, south of São Paulo.

According to statistics, last year, medical technology was the second fastest growing technology industry in Latin America. Compared with 2016, the number of medical technology transactions has increased by 250%. Brazilian entity clinic network Dr. Consulta raised $50 million to become one of the hottest venture capital deals in 2017. Dr. Consulta is committed to providing top-notch healthcare services at an affordable price.

The healthcare industry is a complex market that connects people, processes and products between patients, intermediaries, care providers, distributors and suppliers. Based on Brazil's most influential technological innovations, the following are some of the key categories and players that bring new business models to market.

Health care services on demand

About 75% of Brazil's population (about 150 million people) can only use the public health system, which is poorly managed and inefficient. Usually, a consultation or examination is scheduled, and the patient needs to wait a few weeks or even months to see the medical staff. Technology-driven start-ups are emerging to provide better and more efficient healthcare for large and aging populations.

For example, Dr. Consulta's low-cost medical clinic chain expanded from one to 51 in three years and now claims to have extracted the nation's largest clinical data from more than 1 million patients. Compared to other private clinics that cost at least $90, Dr. Consulta's doctor consultation fee is only $25. Organizations currently providing similar clinical services in Brazil include Clínica Sim, Dr. Sem Filas, Docway, and GlobalMed.

Telemedicine and mobile health apps

In order to facilitate access to medical consultation, diagnosis and monitoring services, telemedicine services in Brazil are expanding. For example, Brazilian telemedicine agencies provide 24-hour services, including medical examinations, doctor consultations, remote monitoring systems, and counseling.

For example, Telelaudo provides all-weather radiographic analysis services; Ventrix provides services such as cardiac health monitoring, negative pressure wound therapy, infant respiratory monitoring and health analysis. Another start-up company in São Paulo, NEO MED, has launched a market that enables medical reports for ECG and EEG to be generated more easily and quickly, promotes collaboration between clinics, laboratories and hospitals, and supports doctors in His workplace seeks higher incomes and more flexible working hours.

In Brazil, the key elements for creating a prosperous industry like financial technology are very rich.

Mobile health applications are becoming more popular in Brazil, in part because of the prevalence of diseases such as diabetes and high blood pressure and the increase in Internet users in the country. For example, mobile apps and online programs called Diet and Health (Dieta e Saude) have helped more than 1.6 million users make better nutrition choices and motivate them to exercise regularly. Founded in Brazil, Youper currently has an office in San Francisco and is a virtual emotional health assistant that helps users overcome social anxiety. It can help users re-adjust their mindset to achieve a healthier mindset.

Artificial intelligence and data analysis

Like many industries, artificial intelligence and data analytics are transforming the healthcare industry in Brazil and beyond, from a rapid improvement in patient diagnostics to managing healthcare costs.

One of the innovators is Gesto, which uses machine learning to screen and understand data from more than 4.5 million patients in the database, helping companies better choose insurance plans, optimizing patient care while controlling costs. Intensicare, the largest expert in the management of intensive care units in Brazil, uses AI to speed up the diagnosis and reduce the patient's residence time and mortality in the ICU. Epitrack, a Recife-based startup that uses crowdsourced data, artificial intelligence, and predictive analytics to calculate epidemiology to respond to outbreaks and epidemics.

Electronic medical record

Last year, the Brazilian government launched a project to digitize the patient records of more than 42,000 public health clinics nationwide by the end of 2018. According to World Bank estimates, the digitization of this record will save the federal government about $6.8 billion. As of the end of last year, only 30 million Brazilians (total population of 208 million) had electronic medical records (EMR), while nearly two-thirds of Brazilian family clinics did not have any way of recording patient digital information.

SaaS EMR platform iClinic is one of the top startups in Brazil and has had a huge impact on medical modernization. It helps medical professionals organize patient records electronically, store all data in the cloud, and retrieve it from any device. iClinic provides a very easy to use system to make healthcare more efficient, reduce costs and improve patient care. This system is now used in many parts of Brazil and has begun to be used in more than 20 countries outside Brazil.

Prescription digitization

According to the World Health Organization, another major problem due to the lack of digitization is that nearly 70% of medical prescriptions in Brazil may be wrong. According to statistics, thousands of people in Brazil die every year due to drug errors. A large number of similar medical incidents can be avoided by scanning the kitchen. In the United States, more than 77% of prescription drugs have been recorded digitally.

In order to solve this life-and-death problem, Memed has become a key player in managing Brazilian e-prescribing. The platform is currently used by more than 55,000 doctors in all medical disciplines in Brazil, which helps cross-check allergy and drug interactions, making treatment compliance easier and improving health. It has developed the most complete, reliable and up-to-date drug database in Brazil.

Bulb Camera

What is a smart bulb WiFi camera? The monitor, which looks like a light bulb, is commonly used for home security monitoring. The shape of the bulb is diverse, but it can not be separated from the combination of nuts. Directly connect the nut to achieve 24-hour continuous monitoring, power off free, 360 degree panoramic monitoring. Smart home bulb WiFi camera with night vision function can also see clear images in the dark night
What is the purpose of smart bulb WiFi camera?
1. The panoramic 360 degree VR monitor can monitor the whole room by installing a light bulb in one room. There is no dead angle and video can be viewed in multiple modes.
2. Smart bulb WiFi camera can be used for lighting. Even though it is a household monitor, its basic lighting functions are well protected. The voice control light on mode and the app manual light on mode are very convenient for operation.
3. Two way voice intercom function. The smart home bulb monitor has its own microphone, which can listen to and play audio. Through calling on the APP, wireless WiFi transmission is directly realized, and then played through the bulb microphone. Its role is to directly communicate with family members, and the other is to intimidate the invasion of illegal elements.
4. As a monitor, it is locally stored in the memory card, plus the backup protection of the cloud disk. Even if someone destroys the camera or even takes away the home surveillance camera, the smart home bulb WiFi camera can still view relevant videos in the cloud disk.
How to use the smart bulb WiFi camera?
Scan the QR code on the mobile phone to download the corresponding APP software, and search the corresponding software name in the app store on the iPhone.
Power on the WiFi camera of the smart home bulb, search for the WiFi hotspot signal sent by the bulb in the phone settings, and click Connect.
Open the mobile phone APP and search the camera online. This process is automatically completed. Just wait.
Configure the local WiFi name in the APP settings, fill in the password, and remote monitoring can be realized after the configuration is successful.

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