Top 5 Canadian digital health companies to watch and why
But what about digital health companies? Health is also a very important factor that should be considered on a daily basis. Whether or not you choose to live a healthy lifestyle, digital health companies are currently on the rise in Canada.
Specifically, local governments and entrepreneurs have combined to raise and donate hundreds of millions of dollars to spark innovation in both technology and healthcare. And the result, according to hitconsultant.net, is the following list that displays the top 5 digital health companies to watch for in Canada.
This product’s technology tracks a child’s eye movements, as well as the user’s long-term progress. Eyeread gives caregivers a quick overview of strengths and weaknesses without having to wait to schedule an appointment with a child psychologist. Expected to be released in 2016, this technology could potentially assist in the diagnosis of learning disorders.
4. Figure 1
Founded in 2012, Figure 1 can be compared to Instagram, but for doctors. This platform was specifically built for doctors by a doctor to share images, opinions and conditions, as well as discuss cases while simultaneously keeping patient records and information private. Figure 1 could eventually reduce the need for referrals, which could then assist patients in saving time and money.
InterAxon assists with the integration into healthcare diagnoses and treatment. Founded back in 2007, this technology harnesses the power of brainwaves and translates that into digital signals that can be recognized and read by computers. InterAxon is believed to be a solution for helping to decrease stress and anxiety, which are two factors that can greatly change an employee’s productivity and personal achievements.
Myndtec’s technology develops and commercializes innovative medical devices and therapies that are designed to improve function, maximize independence and enhance quality of life. Originally founded in 2008, this company’s FES device can be used in the rehabilitation and treatment of neuromuscular conditions.
1. Seamless MD
Seamless MD can prepare people for upcoming surgeries with pre- and post-op care information, medication reminders, interactive care plans and tools for self-management. Interestingly enough, this tool can also collect data and transmit it to the appropriate caregiver making those providers who use it eligible for certain reimbursement requirements. Furthermore, this platform can help to lower the risk of readmission and post-op complications, which then can increase provider availability for other patients.
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[SOURCE: HIT Consultant ]
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.