Healthcare, like so many other sectors of the economy, is being transformed by technology.
All eyes on the transformation of healthcare to one of the most personalized products we are able to purchase. No questions asked, eHealth, along other similar term creations are among the top buzzwords this year and in the near future. Finally, Startups and VC firms seem to realize the huge potentially big data, mobile and other technologies can have on our health. Consumers realize that, there are vast possibilities to track your own health and life a healthier lifestyle. While customers, producers and investors seem to feel the changes in technology based healthcare solutions knocking on our door, it is often an outdated and inflexible legal system that prevents the revolution in healthcare to finally gain momentum. In many cases, governments do not seem to be ready for this change to happen. Furthermore, often the basic data infrastructure required for these technologies are not developed enough.
Data privacy is a big issue in healthcare, as data about our health is probably one of the most private and sensitive pieces of data each and every one of us has to offer. Nevertheless, applications like SkinAnalytics, which helps in early Melanoma detection, points out how valuable large amount of data can be in order to early detect and prevent diseases from spreading. Clinical research would be one of the first to benefit from a lift in healthcare data protection and thus everyone could be benefiting from better-adjusted healthcare solutions.
From a business point of view, companies that are early able to position themselves on the market, despite the strict regulatory framework, will have a good competitive advantage toward the new entrants, that join the industry as a result of lifts in the law. Cracking the legal code is key to success here, as the technology is already available and well used in all kinds of different sectors.
An eCommerce example of an organization struggling with a tight regulatory framework and constant pressure from organizations that rather hold on to what exist now, instead of aiming for a better development, is 1001Pharmacies.com. The French startup set out to revolutionize the French Online-pharmacy landscape had his fair share of battling with the legal environment and parties that would rather keep everything as it is, instead of working towards better and more efficient solutions.
What is the point of all of this? A call to the liberation of data privacy and legal aspects of pharmaceutical and medical laws. The creation of an environment that triggers creative solutions in this sector. Solutions that we all would be benefiting of one day.