5 healthcare-disrupting technologies you may want to invest in

Maybe you’re looking to invest your hard-earned dollars into the industry that puts a roof over your head. If that’s the case, healthcare presents numerous investment opportunities. But before we continue with this post, let’s get one thing straight: This is not investment advice. 

Though healthcare continues to be a growing sector of the economy — one about which Deloitte recently said the old adage of “what goes up must come down” doesn’t seem to apply — the only certainty in investing is uncertainty. You could invest all of your money in healthcare and still lose your shirt. Think of these growing healthcare tech sectors as where you could invest your money, not necessarily where you should invest your money. Use your discretion and/or work with a professional financial advisor.

Medical Internet of Things

The Medical Internet of Things (MIoT) includes any device you might find in a healthcare setting that is connected to a wifi network, or patient wearable devices. Common MIoT devices include hospital beds with sensors, infusion pumps, systems that track medications, and medical supply/inventory systems — even something as simple as a Fitbit. 

MIoT devices present several care advantages. They collect patient data, allowing for more customized care. These wired devices facilitate patient-centered care by gauging patient needs, often in real time. MIoT devices also help to lower healthcare costs. Here are some of the companies that are creating MIoT devices in 2019.

5G

Leading wireless carriers, such as Verizon and AT&T, are already rolling out 5G LTE networks in select cities. Here’s a primer on 5G if you’re new to the topic. While enhanced speed is stealing all of the 5G headlines, the most direct application for healthcare is its reduced latency, or lag.

First, think of the increasing number of MIoT devices. In a perfect world, they would work quickly anywhere, and with minimal lag. Widespread 5G LTE coverage could, theoretically, facilitate this. 5G might also usher in telehealth to remote locations. Perhaps the most futuristic innovation would be the ability for surgeons to operate, using robotics, from anywhere in the world, due to reduced latency. Here’s some analysis on the leading 5G companies.

Telehealth

You’re likely familiar with Telehealth by now. Of the leading trends in healthcare technology, telehealth is arguably the one that has caught on most within the past five years. This is not without consequence. PhysicianSensecontributor Ben White, M.D. recently wrote a bit about the topic here, citing a JAMA study that showed that patients who received prescriptions were more satisfied with their telehealth care than those who didn’t.

That said, in the era of value-based care, telehealth isn’t going anywhere. Patients enjoy its convenience. Companies that can improve the quality of telehealth care delivery are likely to thrive. Here are some of the current telehealth leaders.