Convergence of Technology, Healthcare, and Insurance in Asia 26 November Presented by Tony Estrella for

Transcription

1 Convergence of Technology, Healthcare, and Insurance in Asia 26 November 2018 Presented by Tony Estrella for

2 About Me CREATIVITY TECHNOLOGY GROWTH Lucid dreaming fiction novel launching Mar 2019 My Insurance & Healthcare experiences include

3 APAC: A recap of the region Population: 4.4 billion 44 countries 28% of global healthcare industry revenue with projected 11% growth rate

4 Population health is A B C D the health outcome of a group of individuals the distribution of health outcomes across a group the policies and interventions to affect health outcomes the social, economic, and environmental factors impacting health All of the Above

5 We shouldn t wait until people are broken; we should be engaging with them as closely as we can to their home. -- Mark Bertolini, CEO of Aetna We ve got to get from the exam table to the kitchen table. At the kitchen table, you learn about the real existence of an individual and how it impacts their life.

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7 Data is a core reason for Aetna + CVS merger Claims Care Plans Insurance Products Pharmacy Population Health AI Services

8 Impact of an effective population health platform Status Quo Proactive Approach Disease Management Predictive Interventions Resource Shortages Optimised Care Reactive Financial Reimbursement Enhanced Spending Recommendations

9 Which stakeholders are creating population health solutions? Governments Employers Pharma Medical Device Providers Insurance Technology

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11 Common problems & challenges in Asia Filling financial protection gaps alongside public insurance Need for technologyenabled disease detection and intervention Ageing populations straining healthcare systems Employers managing rapidly increasing healthcare costs Lack of end-user engagement by private insurers Changing dynamics for intergenerational households Increasing personal wealth leading to decreasing health Linking healthcare spending within cashless economies

12 Population health in Asia with About CXA Group 20 countries 600 companies Offices in China, Hong Kong, and Singapore (HQ) $40 million+ USD raised Investors include B Capital (Global) OpenSpace VC (SE Asia) EDBI (Global) Philips Ventures (Global) RGA (Global)

13 Core AI proposition links an employer-funded wallet and CXA marketplace to enable better health Governments Employers Employers managing rapidly increasing healthcare costs Providers Insurance

14 Population Health challenge in Singapore

15 CXA LiveWell programme metrics

16 CXA LiveWell programme metrics

17 Building an Ecosystem in China

18 Cognition & Dementia

19 Cognition & Dementia

20 Cognition & Dementia

21 Predicting Cardiovascular Events using Artificial Intelligence Example results with Sensitivity of 100% to predict hospitalization due to heart failure 14 days median alert window in predicting HF events

22 Applicability even to little people For Kids For Parents 3+ Years Outputs for Insurance Population Demographics Cohort + Risk Pool Characteristics Individual Risk Comparisons Wearable Device 4 Vitals (HR, Temp, Perspiration, Motion) Games COPPA Complaint App Personalized Health Insights Alerts + Actions for illnesses Diet, Nutrition + Health Content

23 What can we expect in 2019? Insurance and Providers Solutions in Cancer, Dementia, Cardiology, and Mental Health are receiving the most attention both clinically and commercially Insurance, Pharma, and Hospitals will increase partnerships with healthtech startups to solve core challenges Global players will increase focus on APAC Technology Companies Leading Asia tech players (e.g., Tencent, Alibaba) already linking their innovations with a healthcare focus Collision of consumer tech with traditional healthcare will push regulators, leading to more data sandboxes Unexpected combinations such as Grab + PingAn Good Doctor will become more frequent

24 Thank you! Tony Estrella Managing Director, Taliossa & Independent Board Director, CXA linkedin.com/in/antonio-estrella-89257a

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