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The Expected Effect of Wearables on the Insurer-Consumer Relationship
While the wearable market itself has tremendous potential, its effect on the health insurance industry could be just as significant.
Boosted by the impending release of the Apple Watch, wearable devices have received a fair amount of attention recently—and with good reason. Wearables, loosely defined as miniature electronic devices that are worn under or on top of clothing, will be owned by 33% of US consumers by the end of 2017 (Nielsen). Morgan Stanley predicts that the Apple Watch will be responsible for a considerable amount of this market—it expects Apple to sell between 10 million and 30 million devices within weeks of its release. And while the wearable market itself has tremendous potential, its effect on the health insurance industry could be just as significant.
Wearables allow consumers to transmit a wealth of personal information between the device and an app on a phone, tablet or computer. This emergent technology has the potential to alter the way the health insurance industry operates on a fundamental level.
Cooperation between businesses that operate in vastly different segments of our economy — from insurers to tech companies – is vital. There is already evidence of this on a smaller scale. Samsung and Cigna partnered to build the Coach app, pre-installed on all new Galaxy phones, which helps users track and achieve fitness goals.
Read more: http://bit.ly/1A4BHQ2
Source: Insurance Networking News
Empowering Community Health Through Wellness and Faith
April 23rd 2024To help celebrate and recognize National Minority Health Month, we are bringing you a special month-long podcast series with our Strategic Alliance Partner, UPMC Health Plan. In the third episode, Camille Clarke-Smith, EdD, MS, CHES, CPT, discusses approaching community health holistically through spiritual and community engagement.
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Data Back Neoadjuvant Combo vs Chemo Alone for Early-Stage NSCLC
April 24th 2024For patients with early-stage non–small cell lung cancer (NSCLC), combining neoadjuvant immune checkpoint inhibitors and platinum-based chemotherapy improves 2-year outcomes over chemotherapy alone, suggest findings of an extensive literature review and meta-analysis.
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Overcoming Employment Barriers for Lasting Social Impact: Freedom House 2.0 and Pathways to Work
April 16th 2024To help celebrate and recognize National Minority Health Month, we are bringing you a special month-long podcast series with our Strategic Alliance Partner, UPMC Health Plan. Welcome to our second episode, in which we learn all about Freedom House 2.0 and the Pathways to Work program.
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Patient Navigation in Oncology at Heart of Priority Health White House Visit
April 24th 2024On March 27, Priority Health's president and CEO, Praveen Thadani participated in a discussion on how to expand and optimize patient navigation services in oncology care, as part of the Cancer Moonshot initiative.
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