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The Ricichet Effect and Why the Worlds Most Underserved Markets Will Lead Us Forward

Executive Director - Friday, September 16, 2016

Ten years from now, telehealth will be an integral part of every American’s health experience. Remote monitors will seamlessly collect our health information from home, routine check-ups will be as easy as a Facetime call, and rural health centers will simply patch-in the world’s best specialists for meaningful consultations as-needed.

But it will be the world’s most underserved markets that will increasingly lead the telehealth revolution, driven by the necessity that fosters innovation and a unique set of conditions that are rapidly accelerating global adoption and encouraging progress

It used to be that newest health care solutions required heavy infrastructure and billions in investments to gain traction. But the near-ubiquity of mobile technology around the world has changed that equation. There are already billions of people using mobile phones and connected to the internet globally. And over the next decade, billions more will only experience a connected-life, a group the entrepreneur Peter Diamandis coined “the rising billions.” These people are increasingly becoming the future of our global economy. Sadly, these are also billions of people who have little or no access to quality health care.

A unique combination of extreme demand, mobile ubiquity, affordable tech, and less regulation will enable the world’s most underserved markets to propel the next wave of telehealth innovation. Efficient solutions, with new business models, perfected in the developing world will create a ricochet effect, ultimately paving the wave for increased adoption of telemedicine into every aspect of the U.S. health system.
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