[[HOPES Project Index]] # Why would patient share personal data? https://www.accenture.com/sg-en/insights/insurance/guide-insurance-customers-safety-well-being **If consumers get something in return that add values to them** - Consumers say they are more willing to offer personal data in exchange for more personalized pricing, offers, and discounts. They are increasingly demanding to be charged based on behavior and habits—and they’re willing to allow insurers to collect and use their data in exchange for that value. Consumers are being pragmatic and protective with their data, however. They say they will only share data for incentives; they show no increased willingness to share data without those incentives. - Approximately 7 out of 10 consumers (69%) would share significant data on their health, exercise and driving habits in exchange for lower prices from their insurers, an increase of 19% from two years ago. More consumers (66%) would also share significant data for personalized services to prevent injury and loss—up 54% from two years ago. - In the auto insurance space, consumers look for personalized offers in the form of usage-based or "pay-as-you-drive" auto insurance. Twenty-nine percent of consumers who can drive expect to drive less in the long-term than they did before the pandemic. They will expect their rates and plans to reflect their new habits. Thinking: - We give away data for convenience and access, like youtube, gmail, facebook.. - What are we giving them in return? - Personalization, - Tailor to their needs - Customized - Advice and suggestion meant for them. - What data can we give them to empower them? Related: - [[Open health - Getting Singapore’s healthcare fit for the future]] - [[What is the State of Mental Health in Singapore ValueChampion Singapore.pdf]] - [[National Mental Health and Well-being Strategy]] - [[Digital Interventions]] - https://globalventuring.com/university/digital-health-ecosystem-in-singapore/ - Some prominent and well-funded digital health spinouts and startups in Singapore include: - Attune Technologies: One of the best-funded startups with over $15m raised across several rounds, Attune is a cloud-based software provider for healthcare delivery organisations. - Biorithm is a medical signal processing spinout from Nanyang Technological University that provides cutting-edge signal analysis to the medical community. Working with doctors, Biorithm is dedicated to providing solutions for current and future medical problems especially in the field of wearables and monitoring sensors. - Cardiatrics is an innovative heart disease prevention program pioneered by leading doctors. - Clearbridge Biomedics, a spinout based on research conducted at National University of Singapore, manufactures devices for cancer diagnostics. - Connexions Asia (CXA Group) is billed as “Asia’s first insurance and wellness marketplace” and raised [$25m in series B funding](http://globalgovernmentventuring.com/edbi-helps-cover-cxas-25m-series-b) in April co-led by EDBI, the investment arm of the government’s economic development board, and with the participation of NSI Ventures, a VC firm backed by government-owned investment firm Temasek. - Cornea Biosciences was founded in 2011 to exploit research undertaken at University of Ottawa and Linköping University. The spinout is focused on bio-engineered corneas and has also established the corneal transplant foundation. It has raised $500,000 from US-based eye tissue transplant provider Indiana Lions Eye Tissue Bank. - DocDoc is an online health appointment and medical information portal that has raised around $9m. - EndoMaster is a medical device spinout from Nanyang Technological University and National University that is developing a novel robot-assisted surgical system that will advance current endoscopic surgeries. T his will enable surgeons to perform incisionless surgery that could be performed before only by open and laparoscopic surgery. The company closed a $14.6m series B round in March. - Healint is the startup behind Migraine Buddy, a migraine-tracking app available on Google Play. Migraine Buddy has access to huge datasets that enable patients, doctors and researchers to diagnose the real-world causes and effects of neurological disorders. - I3 Precision is a spinout from the Advanced Digital Science Centre, a research centre owned by University of Illinois Urbana-Champaign and funded by Singapore’s Agency for Science, Technology and Research. Its co-founders include Chueh Loo, assistant professor at Nanyang Technological University’s school of chemical and biomedical engineering. The company develops systems that address medication safety and productivity issues from the time the medication is prepared to the time it is consumed by the patient. - Klinify provides a document management system, helping private specialist clinics manage patient records while preserving workflow. - MyDoc, another Nanyang Technological University spinout, operates a digital platform that integrates various healthcare players and gives users access to different healthcare services, including doctor consultations, online prescriptions and long-term disease management programs. The company raised a $5.2m series A round led by IT services firm UST Global in September, with past investors including government-sponsored fund Spring Seeds. - Ospicon offers a slumbering mat that can monitor a baby’s breathing sequence via optic fibre sensors. - OurHealthMate has developed a platform for online medical appointment reservations. - Privi Medical provides relief from grade I and grade II internal haemorrhoid bleeding and pain. - Px Plate prescribes personalised meals designed precisely for a body’s health condition.  - RingMD is an online directory for therapists, wellness experts and doctors. - Smartmissimo Technologies provides connected wearable muscle stimulators. It offers PowerDot, a wearable personal training device that allows athletes to focus on their workout.  - uHoo is a smart indoor air-quality sensor, about the size of a soda can, that detects allergens and toxins in the air to help prevent asthma, rhinitis and allergies through alerts, insights and recommendations delivered to a smartphone. - Vault Dragon Healthcare aims to provide a cloud-based patient-centric platform to give users secure real-time access to their health records.The company has digitised more than 700,000 patient records and is the first vertically integrated record company in Southeast Asia, offering end-to-end medical record solutions for doctors. ![[{e0c2a257-c7b1-491e-8bfd-e51aa0980199}_Accenture-Insurance-Consumer-Study-2021.pdf]]