Reinventing Health Monitoring

Published: May 24, 2012 Reinventing Health Monitoring: Peter Diamandis, MD on the New Nokia Sensing X CHALLENGE Nokia and the X PRIZE Foundation have teamed up to launch the Nokia Sensing X CHALLENGE, which will award $2.25 million to a team that develops the most innovative biosensors. The winner will be chosen by a non-partisan judging panel of industry experts. The competition will be divided into a series of three events, which will take place over the next three years. The winners of each competition will be the teams that submit best in class technology as determined by a non-partisan judging panel of cross-functional industry experts. By: Brian Buntz The award could help usher in an age where consumers are able to wirelessly monitor a variety of health metrics ranging from their pulse rate to their brain waves, which will be beamed to a user’s smartphone, putting that data in the palm of their hand. There is a good case to be made for the potential of improved patient monitoring to improve outcomes. FCC chairman Julius Genachowski recently spoke to that point at a press conference, explaining that a monitored patient has a 48% chance of surviving a cardiac arrest while the survival rate for unmonitored patients was 6% chance. The award joins the Qualcomm Tricorder X PRIZE and the Archon Genomics X PRIZE as the third active life sciences competition from the X PRIZE Foundation. To learn more about the competition,MD+DI editor at large Brian Buntz spoke with Peter Diamandis, MD, chairman and CEO of the X PRIZE Foundation. Diamandis explains that the rate of progress in medicine is growing exponentially, and there is no way that we can keep up with that by preserving the status quo. This issue is important in the training of physicians as well. Not only does it take a long time to train doctors, but, as Diamandis explains in his book,Abundance, much of what is learned is eventually irrelevant. It is a common refrain heard in medical school: “five years after graduation, half of what one learns will probably be wrong—but no one know which half.” In this interview, Diamandis talks about this issue and a number of other topics related to how he envisions the future of healthcare. MD+DI: How do you envision the future of health sensors and sensing technologies? “In the future, you will have the data and the data analysis to become the CEO of your own health.” Peter Diamandis, MD: Today, my car, my airplane, my computer knows more about its health status than I do, which is insane. The future is one in which the fundamental health parameters of my body are constantly being monitored 24/7 as well as the air I breathe, the food I eat, the environment I walk through. There are no more excuses for not knowing about something. You have the data and the data analysis to become the CEO of your own health. In the future, you know the instant things start to go off kilter and you have the ability to intervene early. Those sensors and mechanisms for sensing are integrated into platforms like the Qualcomm tricorder and, ultimately, empower the individual because, today, healthcare is at best a few bytes of information that you get once a year when your doctor gives you their analysis. MD+DI: How do expect this competition to lead to cost savings in healthcare?  Diamandis: Today, if you are at home sick at 2:00 a.m. in the morning, you basically have one option: go the emergency room. That’s insane. We are living in a society that has an overtaxed, overbloated, bureaucratic healthcare system...

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Millennium Project

The Millennium Project has Developed the “State of the Future Index (SOFI),” A New Way to Measure and Forecast Global and National Progress http://www.prweb.com/releases/2012/2/prweb9217417.htm...

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