In this episode, Michael Waitze talked to Dr. Snehal Patel, Co-Founder & CEO of MyDoc. The Singaporean B2B HealthTech company has built a comprehensive healthcare services network across Asia that connects organizations, governments, and patients to doctors, pharmacies, insurers, and laboratories. MyDoc’s goal is to create an efficient and effective healthcare ecosystem for patients and doctors. Their services include Digital Concierge, Electronic Personal Health Screenings and Virtual Clinics.
Dr. Snehal talks about value-based care and how insurers are more focused on customer engagement and prevention today. He gives insight into quantifiable healthcare and the development of IoT devices that help track health indicators, such as glucose levels, for example. With the use of AI and machine learning, new data points can be used to give better insight into health status on a population level and can lead to improved diagnostic outcomes.
Dr. Snehal also discusses the increase of people with chronic diseases like diabetes and hypertension and how telemedicine can help to keep costs down. However, he also stresses that telemedicine by itself is not that powerful. It needs to be part of a holistic end-to-end value proposition.