Apr 12, 2019

Industry expects new surge of health IT companies

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Data: Venrock survey of 250 health care professionals conducted March 4–15, 2019; Chart: Naema Ahmed / Axios

Venture capital firm Venrock, which has money tied up in more than 80 health care companies, has put out its annual survey of health care professionals, and most people are pretty upbeat about where health tech is going this year.

Driving the news: 78% of Venrock’s survey respondents said they thought the number of new health IT companies will "somewhat" or "significantly" increase this year — and a lot of that growth will be in telemedicine and harvesting patient data.

Yes, but: It’s not all sunshine and rainbows.

  • Half of respondents think the Apple Watch is just another consumer commodity instead of a useful health care device.
  • 36% believe Amazon, Berkshire Hathaway and JPMorgan Chase "have no idea what they’re getting into" with their health company Haven, while another 55% think "it’s gonna be a long haul" for them.
  • Half of people think AI hasn’t made any difference in health care.
  • And a vast majority said blockchain will still be useless in 2019.

Go deeper: Americans have big hopes that Big Tech can improve health care

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 5,626,047 — Total deaths: 351,815 — Total recoveries — 2,314,233Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 1,684,173 — Total deaths: 99,123 — Total recoveries: 384,902 — Total tested: 14,907,041Map.
  3. Public health: Fauci says data is "really quite evident" against hydroxychloroquine — Nearly half of Americans say someone in their household has delayed medical care.
  4. Tech: Zipline drones deliver masks to hospitals; vaccines could be next
  5. Business: Boeing to lay off 6,770 more U.S. employees.
  6. 🎧 Podcast: Trump vs. Twitter ... vs. Trump.
  7. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Secretary of State Mike Pompeo said in a statement Wednesday that he has certified to Congress that Hong Kong is no longer autonomous from China and does not warrant special treatment under U.S. law.

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